# EDGAR Filing Document

**Accession Number:** 0001736852
**File Stem:** 0001420506-26-000568
**Filing Date:** 2026-2
**Character Count:** 11677
**Document Hash:** bf44f48a76939b77cd69649e8dbaef16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-26-000568.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001420506-26-000568

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Merewether Investment Management, LP
- **CENTRAL INDEX KEY:** 0001736852

**ORGANIZATION NAME:**
- **EIN:** 822252147
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20874
- **FILM NUMBER:** 26641984

**BUSINESS ADDRESS:**
- **STREET 1:** 1900 N PEARL ST
- **STREET 2:** SUITE 2175
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214.453.5227

**MAIL ADDRESS:**
- **STREET 1:** 1900 N PEARL ST
- **STREET 2:** SUITE 2175
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Merewether Cyclicals Partners LP
- **DATE OF NAME CHANGE:** 20210511

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Merewether Investment Management, LP
- **DATE OF NAME CHANGE:** 20191113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MEREWETHER CYCLICALS PARTNERS, LP
- **DATE OF NAME CHANGE:** 20180410

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Merewether Investment Management LP<br>**Address:** 1900 N PEARL ST<br>SUITE 2175<br>DALLAS, TX 75201

**Form 13F File Number:** 028-20874

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Janice Ezell<br>**Title:** CFO/CCO<br>**Phone:** 214.453.5527

**Signature, Place, and Date of Signing:**

Janice Ezell CFO/CCO  DALLAS, TX  02-17-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 77

**Form 13F Information Table Value Total:** $4348190973

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACUITY INC | COM | 00508Y102 |  | 41764640 | 116000 | SH |  | SOLE |  | 116000 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 46880108 | 882200 | SH |  | SOLE |  | 882200 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 25076542 | 727700 | SH |  | SOLE |  | 727700 | 0 | 0 |
| ARIS MNG CORP | COM | 04040Y109 |  | 27488249 | 1694800 | SH |  | SOLE |  | 1694800 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 39935501 | 238236 | SH |  | SOLE |  | 238236 | 0 | 0 |
| AUTOLIV INC | COM | 052800109 |  | 759680 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 57965050 | 1331000 | SH |  | SOLE |  | 1331000 | 0 | 0 |
| BKV CORP | COM | 05603J108 |  | 45509292 | 1676217 | SH |  | SOLE |  | 1676217 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 104471313 | 3008100 | SH |  | SOLE |  | 3008100 | 0 | 0 |
| BUNGE GLOBAL SA | COM SHS | H11356104 |  | 100900916 | 1132700 | SH |  | SOLE |  | 1132700 | 0 | 0 |
| CACTUS INC | CL A | 127203107 |  | 23063832 | 504900 | SH |  | SOLE |  | 504900 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 8129252 | 88854 | SH |  | SOLE |  | 88854 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 35135920 | 2076591 | SH |  | SOLE |  | 2076591 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 111070980 | 2897000 | SH |  | SOLE |  | 2897000 | 0 | 0 |
| CENTERRA GOLD INC | COM | 152006102 |  | 32439255 | 2253100 | SH |  | SOLE |  | 2253100 | 0 | 0 |
| CENTURI HOLDINGS INC | COM SHS | 155923105 |  | 33936000 | 1344000 | SH |  | SOLE |  | 1344000 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 67764354 | 348600 | SH |  | SOLE |  | 348600 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 41122848 | 3096600 | SH |  | SOLE |  | 3096600 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 43257058 | 46349 | SH |  | SOLE |  | 46349 | 0 | 0 |
| CORE NATURAL RESOURCES INC | COM SHS | 218937100 |  | 30040294 | 339400 | SH |  | SOLE |  | 339400 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 54574520 | 2073500 | SH |  | SOLE |  | 2073500 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 54138327 | 106060 | SH |  | SOLE |  | 106060 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 31612104 | 878114 | SH |  | SOLE |  | 878114 | 0 | 0 |
| DENISON MINES CORP | COM | 248356107 |  | 15702778 | 5903300 | SH |  | SOLE |  | 5903300 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 96248783 | 640250 | SH |  | SOLE |  | 640250 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 124778368 | 1042600 | SH |  | SOLE |  | 1042600 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 50121199 | 1246796 | SH |  | SOLE |  | 1246796 | 0 | 0 |
| ELDORADO GOLD CORP NEW | COM | 284902509 |  | 14141704 | 393700 | SH |  | SOLE |  | 393700 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 166087467 | 1796900 | SH |  | SOLE |  | 1796900 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 45307330 | 845286 | SH |  | SOLE |  | 845286 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 146676717 | 1329075 | SH |  | SOLE |  | 1329075 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 84417668 | 701493 | SH |  | SOLE |  | 701493 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 84925873 | 325100 | SH |  | SOLE |  | 325100 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 96978426 | 1909400 | SH |  | SOLE |  | 1909400 | 0 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 29388723 | 1686100 | SH |  | SOLE |  | 1686100 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 25766566 | 188946 | SH |  | SOLE |  | 188946 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 51499956 | 633300 | SH |  | SOLE |  | 633300 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 45707801 | 102920 | SH |  | SOLE |  | 102920 | 0 | 0 |
| HUT 8 CORP | COM | 44812J104 |  | 18081984 | 393600 | SH |  | SOLE |  | 393600 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 55007177 | 3335790 | SH |  | SOLE |  | 3335790 | 0 | 0 |
| JAMES HARDIE INDS PLC | ORD SHS | G4253H101 |  | 18189450 | 876600 | SH |  | SOLE |  | 876600 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 13475014 | 122300 | SH |  | SOLE |  | 122300 | 0 | 0 |
| LEGENCE CORP | CL A | 52476L109 |  | 48825523 | 1134422 | SH |  | SOLE |  | 1134422 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 17557158 | 951092 | SH |  | SOLE |  | 951092 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 22717872 | 94800 | SH |  | SOLE |  | 94800 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 123713962 | 569140 | SH |  | SOLE |  | 569140 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 7750612 | 88975 | SH |  | SOLE |  | 88975 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 121918284 | 765626 | SH |  | SOLE |  | 765626 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 33258129 | 203900 | SH |  | SOLE |  | 203900 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 136188481 | 1335574 | SH |  | SOLE |  | 1335574 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 141581595 | 3612697 | SH |  | SOLE |  | 3612697 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 25806816 | 734400 | SH |  | SOLE |  | 734400 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 87871812 | 6263137 | SH |  | SOLE |  | 6263137 | 0 | 0 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 97040238 | 781700 | SH |  | SOLE |  | 781700 | 0 | 0 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 71692619 | 878048 | SH |  | SOLE |  | 878048 | 0 | 0 |
| SCORPIO TANKERS INC | SHS | Y7542C130 |  | 16461855 | 323861 | SH |  | SOLE |  | 323861 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 136596284 | 1547132 | SH |  | SOLE |  | 1547132 | 0 | 0 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 |  | 30114134 | 904600 | SH |  | SOLE |  | 904600 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 39636655 | 539421 | SH |  | SOLE |  | 539421 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 32903174 | 857300 | SH |  | SOLE |  | 857300 | 0 | 0 |
| STANDARD LITHIUM LTD | COM | 853606101 |  | 18045390 | 4037000 | SH |  | SOLE |  | 4037000 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 9048630 | 53400 | SH |  | SOLE |  | 53400 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 145481106 | 3277504 | SH |  | SOLE |  | 3277504 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 8961675 | 23908 | SH |  | SOLE |  | 23908 | 0 | 0 |
| TAMBORAN RES CORP | COM | 87507T101 |  | 1906100 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 138296957 | 749577 | SH |  | SOLE |  | 749577 | 0 | 0 |
| TASEKO MINES LTD | COM | 876511106 |  | 20788614 | 3672900 | SH |  | SOLE |  | 3672900 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 67335864 | 1511128 | SH |  | SOLE |  | 1511128 | 0 | 0 |
| TERAWULF INC | COM | 88080T104 |  | 24870105 | 2164500 | SH |  | SOLE |  | 2164500 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 58462935 | 359131 | SH |  | SOLE |  | 359131 | 0 | 0 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 12287508 | 318082 | SH |  | SOLE |  | 318082 | 0 | 0 |
| VISTEON CORP | COM NEW | 92839U206 |  | 494520 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 64099958 | 397322 | SH |  | SOLE |  | 397322 | 0 | 0 |
| WATERBRIDGE INFRASTRUCTURE L | CL A SHS REPSTG | 940923105 |  | 17416704 | 870400 | SH |  | SOLE |  | 870400 | 0 | 0 |
| WESTLAKE CORPORATION | COM | 960413102 |  | 28696114 | 388100 | SH |  | SOLE |  | 388100 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 140717510 | 2341000 | SH |  | SOLE |  | 2341000 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 160107061 | 2167710 | SH |  | SOLE |  | 2167710 | 0 | 0 |

---