Get notified when TXO files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- Related Party (new) — Largest buyer in the $200M asset sale is owned by family members of the Partnership's Board Chairman, though independent directors approved the deal.
TXO closes $200M Cross Timbers asset sale, uses $100M proceeds to pay down debt
Filed May 28, 2026 · Period ending May 28, 2026 · ~1 min read
Key Changes
-
high
TXO completed sale of substantially all Cross Timbers joint venture assets for ~$200M total consideration, receiving ~$100M net proceeds from its 50% stake to reduce Credit Facility debt.
Item 2.01 verify on EDGAR → -
high
Largest buyer CTOC paid $123.5M and is owned by family members of Board Chairman Bob R. Simpson. Transaction approved by independent Conflicts Committee and full Board.
Item 2.01 verify on EDGAR → -
medium
Filed pro forma financials showing combined results as if Cross Timbers acquisition (completed March 2026) had occurred earlier, covering Q1 2026 and full-year 2025.
Item 9.01 verify on EDGAR →
This preview is just the start — the full report includes the narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
Want to see a complete report first? Today's free report (ADMT 10-K) is open in full — no account needed.
Partner
Trade TXO commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Thanks — your feedback helps us improve report quality.
Source-verified from EDGAR · Narrative written by AI · May 29, 2026 · How we verify