# EDGAR Filing Document

**Accession Number:** 0001755028
**File Stem:** 0001755028-26-000002
**Filing Date:** 2026-2
**Character Count:** 15902
**Document Hash:** 4f2c95bc43db0dd95545464316dd2929
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001755028-26-000002.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001755028-26-000002

**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:** Yaupon Capital Management LP
- **CENTRAL INDEX KEY:** 0001755028

**ORGANIZATION NAME:**
- **EIN:** 830878771
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19371
- **FILM NUMBER:** 26638944

**BUSINESS ADDRESS:**
- **STREET 1:** 340 MADISON AVE, SUITE 300A
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10173
- **BUSINESS PHONE:** 6467553825

**MAIL ADDRESS:**
- **STREET 1:** 340 MADISON AVE, SUITE 300A
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10173

### 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:** Yaupon Capital Management LP<br>**Address:** 340 MADISON AVE SUITE 300A<br>NEW YORK, NY 10173

**Form 13F File Number:** 028-19371

**CRD Number (if applicable):** 000298556

**SEC File Number (if applicable):** 801-114061

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:** Steve Pattyn<br>**Title:** Managing Member of the General Partner<br>**Phone:** 646-561-9651

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

/s/Steve Pattyn  New York, NY  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:** 108

**Form 13F Information Table Value Total:** $2765965915

      (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 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 | BBG001SH4LQ0 | 5810580 | 40120 | SH |  | SOLE |  | 40120 | 0 | 0 |
| AES CORP | COM | 00130H105 | BBG001S6B1L5 | 62485919 | 4357456 | SH |  | SOLE |  | 4357456 | 0 | 0 |
| AEVA TECHNOLOGIES INC | COM NEW | 00835Q202 | BBG00RK5L2P1 | 2268649 | 170832 | SH |  | SOLE |  | 170832 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 | BBG001S8LHC5 | 5330426 | 866736 | SH |  | SOLE |  | 866736 | 0 | 0 |
| ALUSSA ENERGY ACQUISITION CO | UNIT 99/99/9999 | G0233J126 | BBG01XW1G6X1 | 11110000 | 1100000 | SH |  | SOLE |  | 1100000 | 0 | 0 |
| AMEREN CORP | COM | 023608102 | BBG001S5NF24 | 43388870 | 434497 | SH |  | SOLE |  | 434497 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 45574907 | 349233 | SH |  | SOLE |  | 349233 | 0 | 0 |
| AURORA INNOVATION INC | CLASS A COM | 051774107 | BBG00Z92Y6Y0 | 1881043 | 489855 | SH |  | SOLE |  | 489855 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 | BBG001S5N9P3 | 21646223 | 497043 | SH |  | SOLE |  | 497043 | 0 | 0 |
| BKV CORP | COM | 05603J108 | BBG00YNGK494 | 20362500 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 | BBG001S5P6X8 | 9646464 | 138958 | SH |  | SOLE |  | 138958 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 | BBG001S5W4F5 | 77492875 | 2231295 | SH |  | SOLE |  | 2231295 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 | BBG001SB6KF5 | 23689594 | 147360 | SH |  | SOLE |  | 147360 | 0 | 0 |
| CADELER A S | SPON ADR | 12738K109 | BBG01KFX5HW7 | 1737254 | 93451 | SH |  | SOLE |  | 93451 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 | BBG001S5Y5S6 | 18755450 | 205000 | SH | Put | SOLE |  | 205000 | 0 | 0 |
| CANTOR EQUITY PARTNERS IV IN | SHS CL A | G1828E100 | BBG01W7FHVM6 | 3183654 | 309694 | SH |  | SOLE |  | 309694 | 0 | 0 |
| CANTOR EQUITY PARTNERS V INC | SHS CL A S | G1828S109 | BBG01WSV5YJ9 | 105073 | 10251 | SH |  | SOLE |  | 10251 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 | BBG001SB5S05 | 18888219 | 192855 | SH |  | SOLE |  | 192855 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 14688960 | 25641 | SH |  | SOLE |  | 25641 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 | BBG001T2PJV8 | 73548194 | 4346820 | SH |  | SOLE |  | 4346820 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 | BBG001SB10S0 | 31131390 | 811982 | SH |  | SOLE |  | 811982 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 | BBG001SJ8KV8 | 22699290 | 293500 | SH | Put | SOLE |  | 293500 | 0 | 0 |
| CLEARWAY ENERGY INC | CL A | 18539C105 | BBG004P33PP1 | 7207685 | 229398 | SH |  | SOLE |  | 229398 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 | BBG001S5S6N6 | 16461245 | 89187 | SH |  | SOLE |  | 89187 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 | BBG001S6H6Y4 | 62360371 | 2369315 | SH |  | SOLE |  | 2369315 | 0 | 0 |
| CRH PLC | ORD | G25508105 | BBG001S61NK9 | 63112982 | 505713 | SH |  | SOLE |  | 505713 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 56537820 | 1559664 | SH |  | SOLE |  | 1559664 | 0 | 0 |
| DOW INC | COM | 260557103 | BBG00BN96931 | 16366000 | 700000 | SH | Put | SOLE |  | 700000 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 | BBG001S5QN88 | 37491777 | 290679 | SH |  | SOLE |  | 290679 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 52036903 | 443963 | SH |  | SOLE |  | 443963 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 48572775 | 152500 | SH | Put | SOLE |  | 152500 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 | BBG001S67KF5 | 24950092 | 269935 | SH |  | SOLE |  | 269935 | 0 | 0 |
| EQT CORP | COM | 26884L109 | BBG001S5QXJ4 | 31931557 | 595738 | SH |  | SOLE |  | 595738 | 0 | 0 |
| EQT CORP | COM | 26884L109 | BBG001S5QXJ4 | 78609760 | 1466600 | SH | Call | SOLE |  | 1466600 | 0 | 0 |
| EVERGY INC | COM | 30034W106 | BBG00H433CS1 | 15226525 | 210050 | SH |  | SOLE |  | 210050 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 | BBG001S991Z7 | 36572200 | 140000 | SH | Put | SOLE |  | 140000 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 | BBG019M62R54 | 2824404 | 14348 | SH |  | SOLE |  | 14348 | 0 | 0 |
| H2O AMERICA | COM | 784305104 | BBG001S5W3N8 | 4893317 | 99884 | SH |  | SOLE |  | 99884 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 | BBG001S5RS59 | 18891980 | 668506 | SH |  | SOLE |  | 668506 | 0 | 0 |
| HAWAIIAN ELEC INDUSTRIES | COM | 419870100 | BBG001S5RV43 | 5086013 | 413497 | SH |  | SOLE |  | 413497 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 | BBG0135B2269 | 10951880 | 237671 | SH |  | SOLE |  | 237671 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 | BBG001SL27N7 | 20873327 | 1051553 | SH |  | SOLE |  | 1051553 | 0 | 0 |
| HUT 8 CORP | COM | 44812J104 | BBG00390LJJ8 | 24647821 | 536522 | SH |  | SOLE |  | 536522 | 0 | 0 |
| IDACORP INC | COM | 451107106 | BBG001S5S4M2 | 8924125 | 70513 | SH |  | SOLE |  | 70513 | 0 | 0 |
| INFINITY NAT RES INC | COM CL A | 456941103 | BBG01Q5ST2P1 | 6884213 | 467360 | SH |  | SOLE |  | 467360 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | BBG001ST0ZQ7 | 165315689 | 2050300 | SH | Put | SOLE |  | 2050300 | 0 | 0 |
| KARBON CAP PARTNERS CORP | UNIT 12/11/2030 | G5225W126 | BBG01XQCY9L1 | 14802900 | 1470000 | SH |  | SOLE |  | 1470000 | 0 | 0 |
| KIMBELL RTY PARTNERS LP | UNIT | 49435R102 | BBG00FQH6N85 | 5840463 | 496638 | SH |  | SOLE |  | 496638 | 0 | 0 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 | BBG00GCLZ7C7 | 5698387 | 158069 | SH |  | SOLE |  | 158069 | 0 | 0 |
| KODIAK GAS SVCS INC | COM | 50012A108 | BBG01G4G6YQ4 | 24165299 | 646131 | SH |  | SOLE |  | 646131 | 0 | 0 |
| LANDBRIDGE COMPANY LLC | CL A | 514952100 | BBG01N59HPY2 | 2511129 | 51258 | SH |  | SOLE |  | 51258 | 0 | 0 |
| LEGENCE CORP | CL A | 52476L109 | BBG01WRYRR87 | 17208124 | 399817 | SH |  | SOLE |  | 399817 | 0 | 0 |
| LOEWS CORP | COM | 540424108 | BBG001S6KQC0 | 18622178 | 176832 | SH |  | SOLE |  | 176832 | 0 | 0 |
| MASTEC INC | COM | 576323109 | BBG001S95HF8 | 25430768 | 116993 | SH |  | SOLE |  | 116993 | 0 | 0 |
| MATADOR RES CO | COM | 576485205 | BBG001T3L5S4 | 30832830 | 726504 | SH |  | SOLE |  | 726504 | 0 | 0 |
| MDU RES GROUP INC | COM | 552690109 | BBG001S5T2W4 | 23424000 | 1200000 | SH |  | SOLE |  | 1200000 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 | BBG001S5TLR8 | 88544679 | 1105979 | SH |  | SOLE |  | 1105979 | 0 | 0 |
| NEXTDECADE CORP | COM | 65342K105 | BBG008GC7WN5 | 6503054 | 1233976 | SH |  | SOLE |  | 1233976 | 0 | 0 |
| NEXTDECADE CORP | COM | 65342K105 | BBG008GC7WN5 | 21080000 | 4000000 | SH | Call | SOLE |  | 4000000 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 | BBG001S5TMF9 | 49803352 | 1192609 | SH |  | SOLE |  | 1192609 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 8779109 | 30407 | SH |  | SOLE |  | 30407 | 0 | 0 |
| NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 | BBG001SM2G73 | 6494273 | 100624 | SH |  | SOLE |  | 100624 | 0 | 0 |
| NUCOR CORP | COM | 670346105 | BBG001S5TRV0 | 35356376 | 216764 | SH |  | SOLE |  | 216764 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 | BBG001S5TVY8 | 12810000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 | BBG001SF7RS6 | 19146357 | 353580 | SH |  | SOLE |  | 353580 | 0 | 0 |
| OPAL FUELS INC | CLASS A COM | 68347P103 | BBG00Z8LJ952 | 1806836 | 767234 | SH |  | SOLE |  | 767234 | 0 | 0 |
| OR ROYALTIES INC. | COM SHS | 68390D106 | BBG006L2SZD6 | 7269816 | 205228 | SH |  | SOLE |  | 205228 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 | BBG00R2NHQ74 | 65885758 | 1681188 | SH |  | SOLE |  | 1681188 | 0 | 0 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 | BBG001S7GWF7 | 9884752 | 1617799 | SH |  | SOLE |  | 1617799 | 0 | 0 |
| PBF ENERGY INC | CL A | 69318G106 | BBG002832HM6 | 19870824 | 732700 | SH | Put | SOLE |  | 732700 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 | BBG00D61Y2G3 | 57284013 | 4082966 | SH |  | SOLE |  | 4082966 | 0 | 0 |
| PERPETUA RESOURCES CORP | COM | 714266103 | BBG001V1HWW6 | 4611545 | 190481 | SH |  | SOLE |  | 190481 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 66133000 | 512500 | SH | Put | SOLE |  | 512500 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 | BBG001S5VB15 | 45374751 | 511553 | SH |  | SOLE |  | 511553 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG001S5V3C1 | 18893145 | 235282 | SH |  | SOLE |  | 235282 | 0 | 0 |
| PYROPHYTE ACQUISITION CORP. | *W EXP 07/30/203 | G7309T110 |  | 4142 | 10354 | SH |  | SOLE |  | 10354 | 0 | 0 |
| PYROPHYTE ACQUISITION CORP. | CL A SHS | G7309T102 | BBG01VVFL4Y3 | 208322 | 20708 | SH |  | SOLE |  | 20708 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 | BBG001S5VH85 | 42206000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| RAMACO RES INC | COM CL A | 75134P600 | BBG00BCQJ2W4 | 201114 | 11173 | SH |  | SOLE |  | 11173 | 0 | 0 |
| RAMACO RES INC | NOTE 11/0 | 75134PAB1 |  | 5098800 | 6000 | PRN |  | SOLE |  | 6000 | 0 | 0 |
| RICE ACQUISITION CORP 3 | *W EXP 99/99/999 | G7553X114 |  | 190110 | 237637 | SH |  | SOLE |  | 237637 | 0 | 0 |
| RICE ACQUISITION CORP 3 | ORD SHS CL A | G7553X106 | BBG01X0FFN50 | 14614747 | 1425829 | SH |  | SOLE |  | 1425829 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 | BBG001SB0LX9 | 12240989 | 152955 | SH |  | SOLE |  | 152955 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG001S5VRF5 | 36492043 | 93793 | SH |  | SOLE |  | 93793 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 | BBG00Z6F4C29 | 4051919 | 449215 | SH |  | SOLE |  | 449215 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 49138721 | 668736 | SH |  | SOLE |  | 668736 | 0 | 0 |
| SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 | BBG00YQ82328 | 13250548 | 1558888 | SH |  | SOLE |  | 1558888 | 0 | 0 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 | BBG01X5744Z4 | 14149459 | 291261 | SH |  | SOLE |  | 291261 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 129564800 | 190000 | SH | Put | SOLE |  | 190000 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 | BBG001SMH2W0 | 20722000 | 200000 | SH | Put | SOLE |  | 200000 | 0 | 0 |
| TALON CAP CORP | UNIT 08/27/2030 | G86652115 | BBG01WSV5NK1 | 10260000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 | BBG00JPH4JG0 | 2204000 | 200000 | SH | Put | SOLE |  | 200000 | 0 | 0 |
| TAMBORAN RES CORP | COM | 87507T101 | BBG01K8HYF98 | 14038263 | 515544 | SH |  | SOLE |  | 515544 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 | BBG001TC94B9 | 29916122 | 162147 | SH |  | SOLE |  | 162147 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 | BBG001S5WW27 | 62931645 | 1143027 | SH |  | SOLE |  | 1143027 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 | BBG00DL8NMT5 | 42030329 | 943230 | SH |  | SOLE |  | 943230 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 | BBG001S60LH8 | 17283740 | 360905 | SH |  | SOLE |  | 360905 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 8811364 | 19593 | SH |  | SOLE |  | 19593 | 0 | 0 |
| TRANSALTA CORP | COM | 89346D107 | BBG001S5WJZ0 | 16327367 | 1290906 | SH |  | SOLE |  | 1290906 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 | BBG001S5V9J1 | 15318515 | 260165 | SH |  | SOLE |  | 260165 | 0 | 0 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 | BBG01RGY24F0 | 13835734 | 2028700 | SH | Put | SOLE |  | 2028700 | 0 | 0 |
| WATERBRIDGE INFRASTRUCTURE L | CL A SHS REPSTG | 940923105 | BBG01WX46WQ8 | 9945890 | 497046 | SH |  | SOLE |  | 497046 | 0 | 0 |
| WEATHERFORD INTL PLC | ORD SHS | G48833118 | BBG00R4SQJS4 | 20853394 | 266463 | SH |  | SOLE |  | 266463 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 | BBG001S5XH10 | 44538264 | 740946 | SH |  | SOLE |  | 740946 | 0 | 0 |
| WOLFSPEED INC | COMMON STOCK | 97785W106 | BBG01XLDHDR8 | 7834030 | 449973 | SH |  | SOLE |  | 449973 | 0 | 0 |
| WOODWARD INC | COM | 980745103 | BBG001S6YZC5 | 22981459 | 76017 | SH |  | SOLE |  | 76017 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 | BBG001S7F0X8 | 27342972 | 370200 | SH | Put | SOLE |  | 370200 | 0 | 0 |
| XPLR INFRASTRUCTURE LP | COM UNIT PART IN | 65341B106 | BBG006JNW312 | 11155400 | 1115540 | SH |  | SOLE |  | 1115540 | 0 | 0 |

---