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1 insider bought €4.9M of shares over the last 90 days, the latest filed 13 Aug 2026.
TXO Partners, L.P.: what insiders have been doing
This page follows insider dealings at TXO Partners, L.P. as filed with SEC (Form 4), a company from the Energy sector. Between 18 October 2025 and 18 October 2026, 10 insiders published 20 filings.
Open-market activity splits into 7 purchases totalling €5.9M and 3 sales totalling €690k; 2 insiders sit on the buying side and 3 insiders on the selling side. Purchases outweigh sales by €5.2M. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Those buying include 2 senior executives. The largest single trade was a purchase of €1.6M by Simpson Bob R, published on 13 August 2026, equal to 0.22% of the market capitalisation.
Compared with its exchange (5,458 companies, median 22 filings), a count of 20 filings is below the norm. Our records for TXO Partners, L.P. go back to 2023, with 24 purchases and 9 sales on the open market in total. For the fiscal year to 31 December 2025, the annual 10-K/A puts revenue at 401.0 m USD and net income at -21.6 m USD.
The latest purchase dates back some time: it was published 66 days ago, on 13 August 2026. Typically, a trade is published a median of 3 days after it takes place. The legal deadline for a Form 4 is two business days after the transaction.
In the same sector, recent insider purchases at RGC Resources Inc and Empire Petroleum Corp also feature in our signals. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
71
Thresholds
n/a
Buy Volume
€80M
24 ops. · all time
Sell Volume
€18M
9 ops. · all time
Who traded when
BuySaleBob R. Simpson7 buys
Phillip R. Kevil3 buys
Keith A. Hutton2 buys
William H. Adams III2 buys
Brent W. Clum1 sale
Gary D. Simpson1 sale
+3 other insiders
Since the insiders bought
- +10.1%Entry US$13.81 · Close at T+30 US$15.21
- +11.0%Entry US$11.12 · Close at T+90 US$12.34
- -9.8%Entry US$15.25 · Close at T+365 US$13.75
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate TXO Partners, L.P. Strong Buy (bullish), based on 4 analysts. Average price target: US$19.75.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 20,169 of 24,148 companies
28.0
score / 100
Value27
Quality29
FCF yld-18%
Earn yld-2.7%
EV/EBITDA11.7x
ROE-5.3%
Gross mgn29%
Net mgn-5.4%
Debt/EBITDA3.2x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$14.19
Analyst consensus
4 analystsStrong buy
US$17.00Target US$19.75(+39%)US$22.00
Income statement
RevenueUS$401M
Gross profitUS$118.2M29% margin
EBITDAUS$91.9M23% margin
Net income-US$21.6M-9.2% margin
Valuation
PER (forward)10.9x
P/Book1.2x
Beta0.03
Balance sheet & cash
Market capUS$786.8M
Total debtUS$291.1M
Free Cash Flow-US$145.4M
Debt / Equity42%
Profitability & ownership
ROE-5.3%
ROA-2.3%
% insiders30.1%
% institutions25.6%
Last declaration on 13 August 2026
Declarations71 total
125,000 shares@ US$14.31830.22% mcap3.7% of flowCommon UnitsSEC:0001182684-26-000020:1
Canonical exit: 11 Nov 2026 (T+90)
25,000 shares@ US$14.43030.045% mcap0.7% of flowCommon UnitsSEC:0001182684-26-000020:0
Canonical exit: 10 Nov 2026 (T+90)
100,000 shares@ US$13.51890.17% mcap2.8% of flowCommon UnitsSEC:0001182684-26-000017:0
Canonical exit: 5 Nov 2026 (T+90)
50,000 shares@ US$14.16520.088% mcap1.4% of flowCommon UnitsSEC:0001182684-26-000017:1
Canonical exit: 8 Nov 2026 (T+90)
100,000 shares@ US$14.27480.18% mcap2.9% of flowCommon UnitsSEC:0001182684-26-000017:2
Canonical exit: 9 Nov 2026 (T+90)
85,525 shares@ US$12.98080.16% mcap2.2% of flowCommon UnitsSEC:0001182684-26-000006:0
Canonical exit: 11 Aug 2026 (T+90)
27,234 shares@ US$12.3879.8% of flowCommon UnitsSEC:0001725625-26-000006:0
27,234 shares@ US$12.38100.0% of flowCommon UnitsSEC:0001436414-26-000006:0
720,000 shares0TXO Partners, L.P.SEC:0001182688-26-000003:0
10,667 shares0Common UnitsSEC:0001290407-26-000004:0
10,667 shares0Common UnitsSEC:0001950307-26-000003:0
10,689 shares@ US$12.0759.3% of flowCommon UnitsSEC:0001725631-26-000002:2
10,667 shares0Common UnitsSEC:0001193125-26-036451:0
35,556 shares0Common UnitsSEC:0001725631-26-000002:0
21,109 shares0Common UnitsSEC:0001725631-26-000002:1
155,556 shares0Common UnitsSEC:0001725625-26-000002:0
10,667 shares0Common UnitsSEC:0001549743-26-000002:0
155,556 shares0Common UnitsSEC:0001436414-26-000002:0
10,667 shares0Common UnitsSEC:0001279296-26-000002:0
2,000 shares@ US$11.9014.5% of flowCommon UnitsSEC:0001279296-25-000003:0
Canonical exit: 11 Mar 2026 (T+90)
10,000 shares@ US$15.2622.2% of flowCommon UnitsSEC:0001559432-25-000082:0
Canonical exit: 17 Aug 2025 (T+90)
500,000 shares@ US$15.0091.0% of flowCommon UnitsSEC:0000310051-25-000002:0
Canonical exit: 13 Aug 2025 (T+90)
700,000 shares@ US$15.0032.0% of flowCommon UnitsSEC:0001559432-25-000072:0
Canonical exit: 13 Aug 2025 (T+90)
20,000 shares@ US$15.00100.0% of flowCommon UnitsSEC:0001559432-25-000074:0
Canonical exit: 13 Aug 2025 (T+90)
2,250,000 shares@ US$15.0071.1% of flowCommon UnitsSEC:0001559432-25-000076:0
Canonical exit: 13 Aug 2025 (T+90)
25 of 71 declarations
About TXO Partners, L.P.
TXO Partners, L.P. is a U.S.-listed master limited partnership traded on the NYSE, with an additional listing on NYSE Texas under the ticker TXO. For investors, TXO is best understood as a conventional upstream oil and gas partnership focused on the acquisition, development, optimization, and exploitation of oil, natural gas, and natural gas liquids (NGL) reserves in North America. The company is headquartered in Fort Worth, Texas, placing it at the center of the U.S. energy industry. ([txopartners.com](https://www.txopartners.com/investors/news-events/press-releases/detail/27/txo-partners-declares-a-first-quarter-2026-distribution-of?utm_source=openai))
TXO’s corporate roots go back to January 2012, when it was formed as MorningStar Partners, L.P. It adopted the TXO Partners name in May 2023, marking a more visible repositioning around long-life, conventional reserve management and a distribution-focused partnership model. The company’s structure and communication emphasize cash generation, portfolio optimization, and disciplined capital allocation rather than aggressive high-growth drilling. ([txopartners.com](https://www.txopartners.com/investors/sec-filings/all-sec-filings/content/0001559432-24-000011/txo-20231231.htm?utm_source=openai))
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Operationally, TXO is concentrated in three core basins: the Permian Basin in West Texas and New Mexico, the San Juan Basin in New Mexico and Colorado, and the Williston Basin in Montana and North Dakota. That footprint gives the partnership exposure to established producing areas with relatively low geologic risk, lower decline profiles, and meaningful redevelopment potential. In competitive terms, TXO occupies a niche as a mid-sized conventional upstream player, differentiating itself from larger shale-oriented E&Ps by focusing on mature assets and portfolio engineering. ([txopartners.com](https://www.txopartners.com/investors/sec-filings/all-sec-filings/content/0001193125-26-076813/txo-20251231.htm?utm_source=openai))
The company’s main business lines are straightforward: produce crude oil, natural gas, and NGL; acquire and integrate producing assets; optimize existing fields; and selectively deploy capital where returns and decline characteristics are attractive. TXO also highlights hedging as a core financial tool, using a full hedge position in 2026 to help protect the balance sheet and support distributions amid commodity-price volatility. ([txopartners.com](https://www.txopartners.com/investors/news-events/press-releases/detail/27/txo-partners-declares-a-first-quarter-2026-distribution-of?utm_source=openai))
Recent developments have been important for the equity story. In 2025, TXO completed a large acquisition in the Williston Basin, which management has tied to the company’s longer-term production and distribution outlook. In 2026, TXO announced asset sale agreements involving its Cross Timbers joint venture, with expected proceeds intended in part to cover a deferred payment related to the 2025 White Rock Energy acquisition due on July 31, 2026. Management also said the company’s 2026 capital plan is heavily weighted toward Williston Basin development, reinforcing the view that TXO is actively reshaping its portfolio while preserving distributions. ([txopartners.com](https://www.txopartners.com/investors/sec-filings/all-sec-filings/content/0001193125-26-204137/0001193125-26-204137.pdf?utm_source=openai))
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