Added to YB: 2026-02-12
Pitch date: 2025-11-26
TXO [bullish]
TXO Partners, L.P.
+3.36%
current return
Author Info
No bio for this author
Company Info
TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America.
Market Cap
$690.8M
Pitch Price
$12.20
Price Target
37.00 (+193%)
Dividend
19.11%
EV/EBITDA
9.42
P/E
35.06
EV/Sales
2.63
Sector
Oil, Gas and Consumable Fuels
Category
value
TXO Partners, L.P. - $TXO
TXO: O&G E&P MLP ($675M mkt cap, 70% oil/30% gas) w/ conventional wells in Permian, Williston, San Juan. 1x levered, <1x BV, ~12% dividend yield. 31% mgmt owned (ex-XTO which Exxon bought for $41B). At current prices: 13%/16% unlev/lev FCF. Upside: 3x stock if oil hits low-$70s/$5 gas. Mancos dev could = current EV. Downside protected: FCF breakeven at $40-45 oil/<$3 gas w/ 2x lev.
Read full article (5 min)