<?xml version="1.0" encoding="UTF-8"?><!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com --><!-- Created: Tue Feb 17 21:00:33 UTC 2026 --><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:common="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000949509</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A ordinary shares, $0.0001 par value</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0002074872</issuerCik>
        <issuerName>Rice Acquisition Corp 3</issuerName>
        <issuerCusip>G7553X106</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <common:street1>102 EAST MAIN STREET</common:street1>
          <common:street2>SECOND STORY</common:street2>
          <common:city>CARNEGIE</common:city>
          <common:stateOrCountry>X1</common:stateOrCountry>
          <common:zipCode>15106</common:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Oaktree Capital Management, L.P.</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>2799999</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>2799999</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2799999</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>8.02</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
      <comments>Represents 2,400,000 Class A ordinary shares and 399,999 Class A ordinary shares issuable upon redemption of conversion of warrants.

Calculated based on 34,502,500 Class A ordinary shares outstanding as reported on the Issuer's Quarterly Report on Form 10-Q filed on November 3, 2025, and as increased by 399,999 Class A ordinary shares issuable in respect of convertible bonds.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Rice Acquisition Corp 3</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>102 EAST MAIN STREET, SECOND STORY, CARNEGIE, PA, 15106</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This statement is filed by Oaktree Capital Management L.P., referred to herein as the "Reporting Person."</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071</principalBusinessOfficeOrResidenceAddress>
        <citizenship>See response to Item 4 on the cover page.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>See response to Item 9 on cover page.

The reported securities are managed by the Reporting Person on behalf of various funds and accounts including: Oaktree Value Opportunities Fund, L.P. (OVO), Oaktree London Liquid Value Opportunities Fund (VOF), and Boston Patriot Arlington St LLC, an SMA account. The filing of this Statement shall not be deemed an admission of beneficial ownership by the Reporting Persons for purposes of Section 13(d) or 13(g), or for any other purpose.</amountBeneficiallyOwned>
        <classPercent>See response to Item 11 on the cover page.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See response to Item 5 on the cover page.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See response to Item 6 on the cover page.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See response to Item 7 on the cover page.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See response to item 8 on the cover page.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>The information set forth in Item 4(a) of this Statement is hereby incorporated by reference into this Item 6.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Oaktree Capital Management, L.P.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Henry Orren</signature>
        <title>Managing Director</title>
        <date>02/17/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
