TXO Energy Partners, L.P. (TXO) IPO opens 10% higher

January 27, 2023 9:59 AM EST

Today's IPO for TXO Energy Partners, L.P. (NYSE: TXO), formally named MorningStar Partners, L.P., opened for trading at $22 after pricing 5,000,000 common units representing limited partner interests in TXO at price to the public of $20.00 per common unit.

Raymond James, Stifel, Janney Montgomery Scott and Capital One Securities are acting as joint book-running managers for the offering.

TXO Energy Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. TXO’s current acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.

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Stifel, Raymond James, Janney Montgomery Scott, Definitive Agreement, IPO