PennTex Midstream Partners, LP
PTXP
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Address
- IPO Date
- Jun 4, 2015
- CIK
- 0001617798
- Similar Companies
- Business
- PennTex Midstream Partners, LP (PTXP) owns, operates, acquires, and develops midstream energy infrastructure assets in North America, with a primary focus on natural gas gathering, processing, and transportation services in northern Louisiana. The company provides cryogenic natural gas processing through facilities including the Lincoln Parish plant and Mt. Olive plant, each with approximately 200 million cubic feet per day capacity; rich natural gas gathering systems; residue gas pipelines; and natural gas liquids transportation pipelines serving producers in the Terryville Complex. These assets support fee-based contracts, including minimum volume commitments, primarily with customers such as Range Resources Corp. in an area of mutual interest. Founded in 2014 and headquartered in San Antonio, Texas, PennTex targets natural gas producers in the Haynesville Shale region of northern Louisiana. In recent years, Energy Transfer Partners, L.P. (now Energy Transfer LP) has consolidated control through key transactions, including a 2016 $640 million acquisition of PennTex's general partner, incentive distribution rights, 20 million subordinated units, and 6.3 million common units representing 65% of limited partner interests, followed by a tender offer at $20 per unit for remaining outstanding units. These moves followed PennTex's 2015 initial public offering of approximately $225-238 million and expansions such as the 2015 completion of the Mt. Olive processing plant and related pipelines. As of 2025, the company maintains its NASDAQ listing under PTXP with a market capitalization around $814 million, reflecting ongoing operations under Energy Transfer's influence.