SCHEDULE 13G/A 0001512237 XXXXXXXX LIVE 2 Common Units 06/30/2025 0001559432 TXO Partners, L.P. 87313P103 400 West 7th Street Fort Worth TX 76102 Rule 13d-1(d) Global Endowment Management, LP DE 0 2686017 0 2686017 2686017 N 4.9 PN Stephanie S. Lynch X1 0 2686017 0 2686017 2686017 N 4.9 IN HC TXO Partners, L.P. 400 West 7th Street, Fort Worth, Texas, 76102 This Statement is filed on behalf of Global Endowment Management, LP ("GEM") and Stephanie S. Lynch ("Ms. Lynch" and, together with GEM, the "Reporting Persons"). This Statement relates to Common Units held for the accounts of GEF-DTOE, Inc. and GEF-PUE, LP. GEM controls the investment decisions of each of GEF-DTOE, Inc. and GEF-PUE, LP. Ms. Lynch has management control over GEM. In such capacities, each of the Reporting Persons may therefore be deemed to beneficially own the Common Units reported herein. The principal business office of each of the Reporting Persons is 224 West Tremont Avenue, Charlotte, NC 28203. GEM is a Delaware limited partnership. Ms. Lynch is a citizen of the United States. As of June 30, 2025, each Reporting Person may be deemed the beneficial owner of 2,686,017 Common Units. As of June 30, 2025, each Reporting Person may be deemed the beneficial owner of approximately 4.9% of the Common Units outstanding. This percentage is based on approximately 54,784,292 Common Units outstanding as of May 19, 2025, which is calculated based on the 53,034,292 Common Units outstanding as of the closing of the Issuer's public offering on May 15, 2025, as reported in the Issuer's final prospectus on Form 424(b)(5) filed with the Securities and Exchange Commission (the "SEC") on May 14, 2025, plus the 1,750,000 Common Units issued upon the underwriters' exercise of their option to purchase additional Common Units on May 19, 2025, as reported in the Issuer's current report on Form 8-K filed with the SEC on May 20, 2025. 0 2,686,017 0 2,686,017 N Y N Certain funds managed by GEM are known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Common Units covered by this Statement that may be deemed to be beneficially owned by the Reporting Persons. Y Y Y Y Global Endowment Management, LP /s/ Stephanie S. Lynch 08/14/2025 Stephanie S. Lynch /s/ Stephanie S. Lynch 08/14/2025