TXO Partners (TXO) Plans Asset Sale to Raise About $100 Million Net

TXO Partners, L.P. (NYSE:TXO) is one of the best short-term stocks to buy now. On March 10, 2026, the company said Cross Timbers Energy, LLC, a joint venture in which TXO owns a 50% interest, signed purchase and sale agreements with multiple private buyers to sell oil and gas properties for about $200 million in aggregate consideration.

If completed, the sales would represent substantially all of Cross Timbers’ assets. TXO said it expects to receive about $100 million in net proceeds, subject to customary purchase price adjustments.

TXO Partners (TXO) Plans Asset Sale to Raise About $100 Million Net

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The company said it plans to use part of those proceeds to pay the $70 million deferred payment tied to its 2025 acquisition of assets from White Rock Energy, LLC, which is due on July 31, 2026. TXO also said that, after the deal, its operations will focus on the Williston Basin, San Juan Basin, and the Vacuum and Parker fields in the Permian Basin. The transactions are expected to close in the second quarter of 2026, although the company said there is no assurance that all closing conditions will be satisfied.

TXO Partners, L.P. (NYSE: TXO) is a master limited partnership focused on acquiring, developing, optimizing, and exploiting conventional oil, natural gas, and natural gas liquids reserves in North America. Its acreage is concentrated in the Permian Basin, San Juan Basin, and Williston Basin.

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