MorningStar Partners LP, based in Fort Worth, Texas, filed the prospectus for its first public offering on Thursday, with underwriters Raymond James, Stifel, Janney Montgomery Scott, and Capital One Securities. When it goes public, the business will change its name to TXO Energy Partners LP and will trade on the NYSE under the symbol TXO. TXO Energy Partners reported pro forma net income of $17.1 million on $204 million in revenue in the first nine months of 2022, compared to $64.7 million in net income and $278.7 million in revenue for the full year of 2021.
MorningStar Partners is a growth-oriented independent oil and natural gas company. It focuses on the acquisition, development, and exploration of oil, natural gas, and natural gas liquid reserves in North America. It was founded in 2012 and is headquartered in Fort Worth, Texas.