# EDGAR Filing Document

**Accession Number:** 0001559432
**File Stem:** 0001193125-26-076845
**Filing Date:** 2026-2
**Character Count:** 25263
**Document Hash:** 5c0151d1f20d053aefb8f8b1efb7e899
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-076845.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001193125-26-076845

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 21

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**EFFECTIVENESS DATE**: 20260226

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TXO Partners, L.P.
- **CENTRAL INDEX KEY:** 0001559432
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 320368858
- **STATE OF INCORPORATION:** X1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-293797
- **FILM NUMBER:** 26689283

**BUSINESS ADDRESS:**
- **STREET 1:** 400 WEST 7TH STREET
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76102
- **BUSINESS PHONE:** 817-334-7800

**MAIL ADDRESS:**
- **STREET 1:** 400 WEST 7TH STREET
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TXO Energy Partners, L.P.
- **DATE OF NAME CHANGE:** 20230131

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MorningStar Partners, L.P.
- **DATE OF NAME CHANGE:** 20121002

**As filed with the Securities and Exchange Commission on February 26, 2026** 

**Registration No. 333-** 

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**FORM S-8** 

**REGISTRATION STATEMENT** 

***UNDER*** 

***THE SECURITIES ACT OF 1933*** 

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**TXO Partners, L.P.** 

**(Exact name of registrant as specified in its charter)** 

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---

| | |
|:---|:---|
| **Delaware**  | **32-0368858** |
| **(State or other jurisdiction of**<br>**incorporation or organization)** | **(I.R.S. Employer**<br>**Identification No.)** |

---

**400 West 7th Street** 

**Fort Worth, Texas 76102** 

**(817) 334-7800** 

**(Address of principal executive offices) (Zip code)** 

**TXO Partners, L.P. 2023 Long-Term Incentive Plan** 

**(Full title of the plan)** 

**Brent W. Clum** 

**Co-Chief Executive Officer and Chief Financial Officer** 

**400 West 7th Street** 

**Fort Worth, Texas 76102** 

**(Name and address of agent for service)** 

**(817) 334-7800** 

**(Telephone number, including area code, of agent for service)** 

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***Copies to:*** 

**Michael Chambers** 

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**Mollie Duckworth** 

**Latham & Watkins LLP** 

**300 Colorado Street, Suite 2400** 

**Austin, Texas 78701** 

**(737) 910-7300** 

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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

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| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☒ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☒ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

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**EXPLANATORY NOTE<br>REGISTRATION OF ADDITIONAL SECURITIES**

This Registration Statement on Form S-8 (the "***Registration Statement***") is being filed to register an additional 6,322,381 common units of TXO Partners, L.P. (the "***Registrant***") to be issued pursuant to the Registrant's 2023 Long-Term Incentive Plan (the "***Plan***") as a result of an "evergreen" provision that provides for an automatic annual increase in the number of common units authorized for issuance thereunder on January 1 of each year, beginning on January 1, 2023 and ending on January 1, 2032. The annual increase is equal to 5% of the total number of common units outstanding as of December 31 of the immediately preceding calendar year.

In accordance with General Instruction E of Form S-8, this Registration Statement hereby incorporates by reference the contents of the Registrant's prior registration statement on Form S-8 filed by the Registrant with the Securities and Exchange Commission (the "***Commission***") on March 31, 2023 (File No. 333-271045), except to the extent supplemented, amended or superseded by the information set forth herein.

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

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| | |
|:---|:---|
| **Item 3.** | **Incorporation of Documents by Reference.**  |

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The Registrant hereby incorporates by reference into this Registration Statement the following documents filed with the Commission, pursuant to the Securities Act of 1933, as amended (the "***Securities Act***"), and the Securities Exchange Act of 1934, as amended (the "***Exchange Act***"):

(a) The Registrant's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Commission on February 26, 2026;

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(b) The description of the Registrant's common units representing limited partner interests contained in Exhibit 4.1 to the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the Commission on March 31, 2023, pursuant to Section 12(b) of the Exchange Act, including any amendment or report filed for the purpose of updating such description.

Except to the extent that information is deemed furnished and not filed pursuant to securities laws and regulations, all documents filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered hereby have been sold or that deregisters all securities then remaining unsold, shall also be deemed to be incorporated by reference herein and to be a part hereof from the dates of filing of such documents.

Any statement contained herein or in a document incorporated or deemed to be incorporated by reference in this Registration Statement shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein, or in any other subsequently filed document which also is or is deemed to be incorporated by reference in this Registration Statement, modifies or supersedes such earlier statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

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| | |
|:---|:---|
| **Item 8.** | **Exhibits.**  |

---

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| | |
|:---|:---|
| No. | Description |
| 4.1 | [<u>Amended and Restated Certificate of Limited Partnership of TXO Partners, L.P.</u>](https://www.sec.gov/Archives/edgar/data/1559432/000155943223000023/ex31txo-txoarcertificateof.htm)(incorporated by reference to Exhibit 3.1 to Quarterly Report on Form 10-Q filed on May 9, 2023)  |
| 4.2 | [<u>Seventh Amended and Restated Agreement of Limited Partnership of TXO Partners, L.P.</u>](https://www.sec.gov/Archives/edgar/data/1559432/000119312523020461/d459897dex32.htm) (incorporated by reference to Exhibit 3.2 to Current Report on Form 8-K filed on January 31, 2023)  |
| 4.3 | [<u>Amendment No. 1 to the Seventh Amended and Restated Agreement of Limited Partnership of TXO Partners, L.P.</u>](https://www.sec.gov/Archives/edgar/data/1559432/000155943223000023/ex33txo-amendmentno1toinit.htm) (incorporated by reference to Exhibit 3.3 to Quarterly Report on Form 10-Q filed on May 9, 2023) |
| 4.4 | [<u>TXO Partners, L.P. 2023 Long-Term Incentive Plan</u>](https://www.sec.gov/Archives/edgar/data/1559432/000119312523020461/d459897dex103.htm). (incorporated by reference to Exhibit 10.3 to the Registrant's Current Report on Form 8-K filed with the Commission by the Registrant on January 31, 2023). |
| 5.1\* | [<u>Opinion of Latham & Watkins LLP</u>](txo-ex5_1.htm) |
| 23.1\* | [<u>Consent of KPMG LLP</u>](txo-ex23_1.htm) |
| 23.2\* | [<u>Consent of Cawley, Gillespie & Associates, Inc.</u>](txo-ex23_2.htm) |
| 23.3\* | [<u>Consent of Latham & Watkins LLP</u>](txo-ex5_1.htm)(contained in Exhibit 5.1 hereto)  |
| 24.1 | [<u>Power of Attorney</u>](#sig)(included on the signature page hereof)  |
| 107\* | [<u>Calculation of Filing Fee Table</u>](txo_exfilingfees.htm) |

---

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\* filed herewith

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| | |
|:---|:---|
| **Item 9.** | **Undertakings.**  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;

*provided*, *however*, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

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**SIGNATURES** 

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Fort Worth, State of Texas, on the 26st day of February, 2026.

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| | |
|:---|:---|
| **TXO Partners, L.P.** | **TXO Partners, L.P.** |
| **By: TXO Partners GP, LLC, its general partner** | **By: TXO Partners GP, LLC, its general partner** |
| By: | /s/ Brent W. Clum |
| Name: | Brent W. Clum |
| Title: | Co-Chief Executive Officer and Chief Financial Officer  |

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\* \* \* \*

Each person whose signature appears below appoints Brent W. Clum as his true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement and any Registration Statement (including any amendment thereto) for this offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite or necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated below.

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---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Bob R. Simpson | Chairman<br>| February 26, 2026<br>|
| Bob R. Simpson<br>|  |  |
| <br>/s/ Brent W. Clum | Co-Chief Executive Officer and Chief<br>Financial Officer<br>(principal financial officer) | <br>February 26, 2026 |
| Brent W. Clum<br>|  |  |
| <br>/s/ Gary D. Simpson | Co-Chief Executive Officer and Director<br>(principal executive officer) | <br>February 26, 2026 |
| Gary D. Simpson<br>|  |  |
| <br>/s/ Scott T. Agosta | Chief Accounting Officer<br>(principal accounting officer) | <br>February 26, 2026 |
| Scott T. Agosta<br>|  |  |
| <br>/s/ Keith A. Hutton | <br>Director | <br>February 26, 2026 |
| Keith A. Hutton<br>|  |  |
| <br>/s/ Rick J. Settle | <br>Director | <br>February 26, 2026 |
| Rick J. Settle<br>|  |  |
| <br>/s/ J. Luther King, Jr.  | <br>Director | <br>February 26, 2026 |
| J. Luther King, Jr.<br>|  |  |
| <br>/s/ Phillip R. Kevil | <br>Director | <br>February 26, 2026 |
| Phillip R. Kevil<br>|  |  |
| <br>/s/ William H. Adams III | <br>Director | <br>February 26, 2026 |
| William H. Adams III<br>|  |  |
| <br>/s/ Lawrence S. Massaro | <br>Director | <br>February 26, 2026 |
| Lawrence S. Massaro<br>|  |  |

---

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## Exhibit 5.1

![gfx131290149_0.gif](gfx131290149_0.gif)

![img131290149_0.jpg](img131290149_0.jpg)

<br>300 Colorado Street, Suite 2400<br>Austin, TX 78701<br>Tel: +1.737.910.7300 Fax: +1.737.910.7301<br>www.lw.com<br>FIRM / AFFILIATE OFFICES<br>Austin Milan<br>Beijing Munich<br>Boston New York<br>Brussels Orange County<br>Chicago Paris<br>Dubai Riyadh<br>Düsseldorf San Diego<br>Frankfurt San Francisco<br>Hamburg Seoul<br>Hong Kong Silicon Valley<br>Houston Singapore<br>London Tel Aviv<br>Los Angeles Tokyo<br>Madrid Washington, D.C.<br>

February 26, 2026

TXO Partners, L.P.

400 West 7th Street

Fort Worth, Texas 76102

Re: <u>Registration Statement on Form S-8 with respect to 6,322,381 Common Units</u>

To the addressee set forth above:

We have acted as special counsel to TXO Partners, L.P., a Delaware limited partnership (the "***Partnership***"), in connection with the proposed issuance of up to 6,322,381 common units representing limited partner interests in the Partnership (the "***Common Units***"), issuable under the TXO Partners, L.P. 2023 Long-Term Incentive Plan (as may be amended from time to time, the "***Plan***"). The Common Units are included in a registration statement on Form S–8 under the Securities Act of 1933, as amended (the "***Act***"), filed with the Securities and Exchange Commission (the "***Commission***") on February 26, 2026 (the "***Registration Statement****"*). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus, other than as expressly stated herein with respect to the issuance of the Common Units.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the general partner of the Partnership and others as to factual matters without having independently verified such factual matters. We are opining herein as to the Delaware Revised Uniform Limited Partnership Act (the "***DRULPA***") and we express no opinion with respect to any other laws.

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**February 26, 2026**<br>**Page 2**<br>

![img131290149_1.jpg](img131290149_1.jpg)

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Common Units shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the recipient, and have been issued by the Partnership for legal consideration therefor in the circumstances contemplated by the Plan, assuming in each case that the individual grants or awards under the Plan are duly authorized by all necessary limited partnership action and duly granted or awarded and exercised in accordance with the requirements of law and the Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the Common Units will be validly issued and, under the DRULPA, recipients of the Common Units will have no obligation to make further payments for their receipt of Common Units or contributions to the Partnership solely by reason of their ownership of Common Units or their status as limited partners of the Partnership, and no personal liability for the obligations of the Partnership, solely by reason of being limited partners of the Partnership.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

Sincerely,

/s/ Latham & Watkins LLP

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## Exhibit 23.1

**Exhibit 23.1**

KPMG LLP

201 Main Street

Suite 2200

Fort Worth, TX 76102

**Consent of Independent Registered Public Accounting Firm**

We consent to the use of our report dated February 26, 2026, with respect to the consolidated financial statements of TXO Partners, L.P. and subsidiaries, incorporated herein by reference.

/s/ KPMG LLP

Fort Worth, Texas<br>February 26, 2026

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## Exhibit 23.2

![img33438716_1.jpg](img33438716_1.jpg)

**Exhibit 23.2**

![img33438716_0.jpg](img33438716_0.jpg)

**CONSENT OF INDEPENDENT PETROLEUM ENGINEERS**

As independent petroleum engineers, we hereby consent to the inclusion of information included or incorporated by reference in this Registration Statement on Form S-8 of TXO Partners, L.P. (the "Company") with respect to the information from our report regarding those quantities estimated by us of reserves and the value of reserves as of December 31, 2025, for the Company, included in the Annual Report on Form 10-K of the Company for the year ended in December 31, 2025 (including any amendments thereto, the "Annual Report"), filed with the U.S. Securities and Exchange Commission on February 26, 2026, as well as our summary reports dated January 29, 2026, January 15, 2025 and January 19, 2024, respectively, included as exhibits to the Annual Report.

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| | |
|:---|:---|
| Sincerely, | ![img33438716_2.jpg](img33438716_2.jpg) |
|  | ![img33438716_2.jpg](img33438716_2.jpg) |
|  | ![img33438716_2.jpg](img33438716_2.jpg) |
| W. Todd Brooker, P.E.<br>President<br>Cawley, Gillespie & Associates, Inc. | ![img33438716_2.jpg](img33438716_2.jpg) |
| Texas Registered Engineering Firm F-693 | ![img33438716_2.jpg](img33438716_2.jpg) |
|  | ![img33438716_2.jpg](img33438716_2.jpg) |
| February 26, 2026 | ![img33438716_2.jpg](img33438716_2.jpg) |

---

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## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

**Exhibit 107** 

**Calculation of** Filing Fee **Tables** 

**Form** S-8

(Form Type)

TXO Partners, L.P.

(Exact Name of Registrant as Specified in its Charter)

**Table 1—Newly Registered Securities** 

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Security Type | **Security**<br>**Class**<br>**Title** | **Fee<br>Calculation<br>Rule** | **Amount**<br>**to be**<br>**Registered** | **Proposed**<br>**Maximum**<br>**Offering**<br>**Price**<br>**Per Unit** | **Maximum**<br>**Aggregate**<br>**Offering**<br>**Price** | **Fee**<br>**Rate** | **Amount of**<br>**Registration<br>Fee** |
| &nbsp;&nbsp;&nbsp;Equity | Common Units representing limited partner interests | Rule 457(c) and Rule 457(h) | 6322381(1)(2)  | $12.725(3)  | $80452298.23 | $138.10 per $1,000,000  | $11110.46 |
| &nbsp;&nbsp;&nbsp;**Total Offering Amounts** | &nbsp;&nbsp;&nbsp;**Total Offering Amounts** | &nbsp;&nbsp;&nbsp;**Total Offering Amounts** | &nbsp;&nbsp;&nbsp;**Total Offering Amounts** |  | $80452298.23 |  | $11110.46 |
| &nbsp;&nbsp;&nbsp;**Total Fee Offsets (4)** | &nbsp;&nbsp;&nbsp;**Total Fee Offsets (4)** | &nbsp;&nbsp;&nbsp;**Total Fee Offsets (4)** | &nbsp;&nbsp;&nbsp;**Total Fee Offsets (4)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Net Fee Due** | &nbsp;&nbsp;&nbsp;**Net Fee Due** | &nbsp;&nbsp;&nbsp;**Net Fee Due** | &nbsp;&nbsp;&nbsp;**Net Fee Due** |  |  |  | $11110.46 |

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(1) Represents the common units representing limited partner interests ("Common Units") of TXO Partners, L.P. issuable pursuant to the TXO Partners, L.P. 2023 Long-Term Incentive Plan (the "Plan") being registered hereby.

(2) Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the "Securities Act"), there are also being registered such additional Common Units as may become issuable pursuant to the adjustment provisions of the Plan.

(3) Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) of the Securities Act. The price for the Common Units being registered hereby is based on a price of $12.725, the average high and low trading prices per Common Unit as reported by the NYSE on February 23, 2026, which is within five business days prior to filing this Registration Statement.

(4) The Registrant does not have any fee offsets.

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