Yaupon Capital Management LP In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Yaupon Capital Management LP reported 76 stock positions worth $1.1 billion . Its top holding was Hess (HES) at 4.5% of the portfolio, followed by TC Energy (TRP, 4.2% ) and Cenovus Energy (CVE, 3.9% ). Compared with Q1 2024, it opened 28 new positions, sold out of 30, added to 19 and reduced 26. The biggest buy was a new position in Hess (HES) and the biggest sale an exit from Pioneer Natural Resources (PXD).
Location NEW YORK, NY
CIK 0001755028
Portfolio Value $1.1B (Q2 2024) Holdings 76 stocks · $1.1B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 HES Hess Corp. 340,758 $50.3M New TRP TC Energy Corp. 1,228,070 $46.5M Add +120.2% CVE Cenovus Energy Inc. 2,245,172 $44.1M Reduce -25.0% SHEL Shell PLC-ADR 512,040 $37.0M Add +10.8% SU Suncor Energy Inc. 954,226 $36.4M Reduce -13.1% GEV GE Vernova Inc. 211,876 $36.3M Add +182.5% NEXT Nextdecade Corp. 4,061,786 $32.3M Reduce -27.0% TECK Teck Resources Ltd.-CLS B 665,967 $31.9M Reduce -31.9% NI Nisource Inc. 1,021,490 $29.4M Reduce -8.6% NFG National Fuel Gas Co. 523,893 $28.4M Add +179.7% EVRG Evergy Inc. 528,470 $28.0M Reduce -7.9% CMS CMS Energy Corp. 458,513 $27.3M Add +47.9% SRE Sempra 358,370 $27.3M Add +191.0% PRIM Primoris Services Corp. 545,190 $27.2M Add +134.7% AEE Ameren Corporation 375,492 $26.7M New GFL GFL Environmental Inc.-Sub VT 682,413 $26.6M New D Dominion Energy Inc. 525,837 $25.8M Add +4.2% DTE DTE Energy Company 226,905 $25.2M Add +60.2% PPL PPL Corp. 893,992 $24.7M Reduce -21.6% ETRN Equitrans Midstream Corp. 1,826,725 $23.7M Reduce -30.3% MPC Marathon Petroleum Corp. 130,542 $22.6M Reduce -25.9% PR Permian Resources Corp. Class A 1,153,279 $18.6M Add +128.3% DVN Devon Energy Corp. 384,922 $18.2M New ETR Entergy Corp. 168,101 $18.0M Add +95.6% MOS The Mosaic Co. 617,851 $17.9M New ATO Atmos Energy Corp. 149,145 $17.4M Add +89.6% CTRA Coterra Energy Inc. 649,412 $17.3M Add +63.0% FE Firstenergy Corp. 441,900 $16.9M New XOM Exxon Mobil Corp. 140,918 $16.2M Reduce -40.3% CHX Championx Corp. 483,964 $16.1M Add +7528.7% OR Osisko Gold Royalties Ltd. 999,000 $15.6M Add +2.7% PEG Public Service Enterprise GP 186,075 $13.7M Reduce -54.7% PARR Par Pacific Holdings Inc. 516,947 $13.1M Reduce -0.7% HBM Hudbay Minerals Inc. 1,358,089 $12.3M Reduce -9.4% LB Landbridge Co. LLC-A 500,000 $11.6M New FSLR First Solar Inc. 51,075 $11.5M New TAC Transalta Corp. 1,580,764 $11.2M Add +278.9% KNTK Kinetik Holdings Inc. 265,828 $11.0M Reduce -65.7% TXNM TXNM Energy Inc. filed as PNM RES INC 284,146 $10.5M New GPOR Gulfport Energy Corp. 63,040 $9.5M New CNP Centerpoint Energy Inc. 294,900 $9.1M Reduce -41.3% APD Air Products & Chemicals Inc. 34,400 $8.9M Reduce -67.4% PCG P G & E Corp. 493,400 $8.6M New OVV Ovintiv Inc. 182,644 $8.6M Reduce -27.8% VRN Veren Inc. 1,007,342 $7.9M New DAR Darling Ingredients Inc. 204,838 $7.5M Add +12.7% CNM Core & Main Inc. Class A 150,000 $7.3M New VLO Valero Energy Corp. 44,300 $6.9M Reduce -78.6% SR Spire Inc. 112,885 $6.9M New CIVI Civitas Resources Inc. 97,947 $6.8M New AES AES Corp. 384,400 $6.8M Reduce -50.8% MTDR Matador Resources Co. 111,819 $6.7M Reduce -58.2% CLNE Clean Energy Fuels Corp. 2,452,371 $6.5M Add +8.7% SDRL Seadrill Limited 119,737 $6.2M New PBF PBF Energy Inc. Class A 130,276 $6.0M New SBOW Silverbow Resources Inc. 158,191 $6.0M Add +5.8% GT Goodyear Tire & Rubber Co. 515,393 $5.8M No change GNRC Generac Holdings Inc. 38,100 $5.0M New LBRT Liberty Energy Inc. 238,861 $5.0M New CSX CSX Corp. 139,529 $4.7M Reduce -21.5% ALE Allete Inc. 72,549 $4.5M Reduce -51.8% MDU Mdu Resources Group Inc. 178,894 $4.5M No change FCX Freeport-McMoran Inc. 91,037 $4.4M Reduce -68.5% ATMU Atmus Filtration Technologie 147,400 $4.2M New HCC Warrior Met Coal Inc. 66,877 $4.2M Reduce -10.8% FLNC Fluence Energy Inc. 230,182 $4.0M New SLDP Solid Power Inc. 1,865,773 $3.1M Reduce -16.4% WEX Wex Inc. 17,257 $3.1M New TBN Tamboran Resources Corp. 130,000 $2.9M New CWEN Clearway Energy Inc. Class C 105,283 $2.6M Reduce -67.0% CONSOL ENERGY INC 25,000 $2.6M New OPAL Opal Fuels Inc. Class A 598,099 $2.4M No change UGI Ugi Corp. 100,000 $2.3M New CDLR Cadeler A/S-ADR 71,206 $1.8M New XPRO Expro Group Holdings NV 68,921 $1.6M New CENX Century Aluminum Company 64,212 $1.1M New
Options reported separately and not counted above: SPY puts ($285.7M), POR puts ($64.9M), PSX puts ($63.0M), CVX puts ($54.7M), EOG puts ($50.3M), TRGP puts ($38.6M), AVA puts ($34.6M), APD calls ($28.4M), TALO puts ($25.5M), SAIA puts ($24.2M), XLU puts ($20.4M), HAL puts ($20.3M), and 11 more.
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ PXD Pioneer Natural Resources Co. Sold out 0.00% −3.35 LNG Cheniere Energy Inc. Sold out 0.00% −2.77 VLO Valero Energy Corp. Reduce -78.6% 0.62% −2.43 MRO Marathon Oil Corp. Sold out 0.00% −1.96 FTI Technipfmc PLC Sold out 0.00% −1.75 KNTK Kinetik Holdings Inc. Reduce -65.7% 0.98% −1.68 WFRD Weatherford International PL Sold out 0.00% −1.60 VNOM Viper Energy Inc. Sold out 0.00% −1.48 TS Tenaris SA-ADR Sold out 0.00% −1.42 APD Air Products & Chemicals Inc. Reduce -67.4% 0.79% −1.42 CVE Cenovus Energy Inc. Reduce -25.0% 3.94% −1.23 PEG Public Service Enterprise GP Reduce -54.7% 1.22% −1.14 EQT Eqt Corp. Sold out 0.00% −1.14 NRG NRG Energy Inc. Sold out 0.00% −1.10 MPC Marathon Petroleum Corp. Reduce -25.9% 2.02% −1.05 TECK Teck Resources Ltd.-CLS B Reduce -31.9% 2.85% −1.02 MTDR Matador Resources Co. Reduce -58.2% 0.59% −0.95 CRGY Crescent Energy Inc. Class A Sold out 0.00% −0.92 XOM Exxon Mobil Corp. Reduce -40.3% 1.45% −0.92 WLK Westlake Corp. Sold out 0.00% −0.81 FCX Freeport-McMoran Inc. Reduce -68.5% 0.39% −0.78 SHLS Shoals Technologies Group -A Sold out 0.00% −0.77 ODFL Old Dominion Freight Line Sold out 0.00% −0.75 ADM Archer-Daniels-Midland Co. Sold out 0.00% −0.73 ETRN Equitrans Midstream Corp. Reduce -30.3% 2.12% −0.71 ASTL Algoma Steel Group Inc. Sold out 0.00% −0.66 AES AES Corp. Reduce -50.8% 0.60% −0.61 PNW Pinnacle West Capital Sold out 0.00% −0.59 WIRE Encore Wire Corp. Sold out 0.00% −0.58 OXY Occidental Petroleum Corp. Sold out 0.00% −0.56 AR Antero Resources Corp. Sold out 0.00% −0.56 PPL PPL Corp. Reduce -21.6% 2.21% −0.50 PARR Par Pacific Holdings Inc. Reduce -0.7% 1.16% −0.50 CNP Centerpoint Energy Inc. Reduce -41.3% 0.82% −0.42 CWEN Clearway Energy Inc. Class C Reduce -67.0% 0.23% −0.40 ALE Allete Inc. Reduce -51.8% 0.40% −0.37 OVV Ovintiv Inc. Reduce -27.8% 0.76% −0.37 SAIA Saia Inc. Sold out 0.00% −0.37 DK Delek US Holdings Inc. Sold out 0.00% −0.36 NXT Nextpower Inc. Sold out 0.00% −0.36 SU Suncor Energy Inc. Reduce -13.1% 3.24% −0.26 NOV Nov Inc. Sold out 0.00% −0.25 ECVT Ecovyst Inc. Sold out 0.00% −0.20 NOVAQ Sunnova Energy International Sold out 0.00% −0.16 CSX CSX Corp. Reduce -21.5% 0.42% −0.15 EVRG Evergy Inc. Reduce -7.9% 2.50% −0.15 FMC FMC Corp. Sold out 0.00% −0.14 VST Vistra Corp. Sold out 0.00% −0.12 SLDP Solid Power Inc. Reduce -16.4% 0.27% −0.12 GLNG Golar LNG Ltd. Sold out 0.00% −0.07
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ HES Hess Corp. New 4.49% +4.49 AEE Ameren Corporation New 2.38% +2.38 GFL GFL Environmental Inc.-Sub VT New 2.37% +2.37 GEV GE Vernova Inc. Add +182.5% 3.24% +2.36 TRP TC Energy Corp. Add +120.2% 4.15% +2.22 SRE Sempra Add +191.0% 2.43% +1.67 NFG National Fuel Gas Co. Add +179.7% 2.53% +1.66 DVN Devon Energy Corp. New 1.63% +1.63 MOS The Mosaic Co. New 1.59% +1.59 PRIM Primoris Services Corp. Add +134.7% 2.43% +1.57 FE Firstenergy Corp. New 1.51% +1.51 CHX Championx Corp. Add +7528.7% 1.43% +1.41 LB Landbridge Co. LLC-A New 1.03% +1.03 FSLR First Solar Inc. New 1.03% +1.03 TXNM TXNM Energy Inc. New 0.94% +0.94 PR Permian Resources Corp. Class A Add +128.3% 1.66% +0.89 DTE DTE Energy Company Add +60.2% 2.25% +0.88 GPOR Gulfport Energy Corp. New 0.85% +0.85 ETR Entergy Corp. Add +95.6% 1.60% +0.82 CMS CMS Energy Corp. Add +47.9% 2.44% +0.82 PCG P G & E Corp. New 0.77% +0.77 TAC Transalta Corp. Add +278.9% 1.00% +0.77 ATO Atmos Energy Corp. Add +89.6% 1.55% +0.74 VRN Veren Inc. New 0.71% +0.71 CNM Core & Main Inc. Class A New 0.66% +0.66 SHEL Shell PLC-ADR Add +10.8% 3.30% +0.62 SR Spire Inc. New 0.61% +0.61 CIVI Civitas Resources Inc. New 0.60% +0.60 CTRA Coterra Energy Inc. Add +63.0% 1.55% +0.59 SDRL Seadrill Limited New 0.55% +0.55 PBF PBF Energy Inc. Class A New 0.54% +0.54 GNRC Generac Holdings Inc. New 0.45% +0.45 LBRT Liberty Energy Inc. New 0.45% +0.45 ATMU Atmus Filtration Technologie New 0.38% +0.38 FLNC Fluence Energy Inc. New 0.36% +0.36 WEX Wex Inc. New 0.27% +0.27 TBN Tamboran Resources Corp. New 0.26% +0.26 CONSOL ENERGY INC New 0.23% +0.23 UGI Ugi Corp. New 0.20% +0.20 CDLR Cadeler A/S-ADR New 0.16% +0.16 D Dominion Energy Inc. Add +4.2% 2.30% +0.16 XPRO Expro Group Holdings NV New 0.14% +0.14 CENX Century Aluminum Company New 0.10% +0.10 SBOW Silverbow Resources Inc. Add +5.8% 0.53% +0.09 CLNE Clean Energy Fuels Corp. Add +8.7% 0.58% +0.06 OR Osisko Gold Royalties Ltd. Add +2.7% 1.39% +0.01 DAR Darling Ingredients Inc. Add +12.7% 0.67% −0.06
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Reduce -25.0% 525,000 $285.7M XLE SS Energy Select Sector call Sold out 800,000 $75.5Mbefore exit POR Portland General Electric Co. put Add +200.0% 1,500,000 $64.9M PSX Phillips 66 put New 446,300 $63.0M CVX Chevron Corp. put New 350,000 $54.7M EOG EOG Resources Inc. put New 400,000 $50.3M TRGP Targa Resources Corp. put Add +189.9% 300,000 $38.6M AVA Avista Corp. put Add +100.0% 1,000,000 $34.6M ETRN Equitrans Midstream Corp. call Sold out 2,750,000 $34.3Mbefore exit APD Air Products & Chemicals Inc. call New 110,000 $28.4M TALO Talos Energy Inc. put Reduce -4.5% 2,100,000 $25.5M SAIA Saia Inc. put New 51,000 $24.2M OKE Oneok Inc. put Sold out 300,000 $24.1Mbefore exit DAR Darling Ingredients Inc. call Sold out 475,000 $22.1Mbefore exit VST Vistra Corp. put Sold out 300,000 $20.9Mbefore exit BG Bunge Global SA put Sold out 200,000 $20.5Mbefore exit XLU St Sr Utl SL SE SPDR ETF-Usd put New 300,000 $20.4M TECK Teck Resources Ltd.-CLS B call Reduce -32.1% 400,000 $19.2M IDA Idacorp Inc. put New 200,000 $18.6M DINO HF Sinclair Corp. put Sold out 300,000 $18.1Mbefore exit CIVI Civitas Resources Inc. put Sold out 200,000 $15.2Mbefore exit FSLR First Solar Inc. call New 56,200 $12.7M ENPH Enphase Energy Inc. put New 122,100 $12.2M NEXT Nextdecade Corp. call Add +40.7% 1,455,900 $11.6M PBF PBF Energy Inc. Class A call Sold out 200,000 $11.5Mbefore exit AES AES Corp. call Sold out 600,000 $10.8Mbefore exit XPO Xpo Inc. put New 100,000 $10.6M DOW Dow Inc. put New 200,000 $10.6M BKR Baker Hughes Co. put Sold out 300,000 $10.1Mbefore exit D Dominion Energy Inc. call Sold out 200,000 $9.8Mbefore exit FCX Freeport-McMoran Inc. call Sold out 200,000 $9.4Mbefore exit CNP Centerpoint Energy Inc. call Sold out 300,000 $8.5Mbefore exit ETN Eaton Corp. PLC put New 25,000 $7.8M UGI Ugi Corp. call New 300,000 $6.9M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ AIRJW Power & Digital Acq -CW24 *W EXP 03/15/202 Sold out 75,000 $42Kbefore exit PHYWF PHYT WS -CW *W EXP 05/03/202 Sold out 12,500 $314before exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 104 $3.0B NFG, DVN, NI, OVV, WMB Q1 2026 82 $2.0B NFG, CTRA, CVE, VST, OVV Q4 2025 89 $2.0B NFG, BP, CVE, OVV, CRH Q3 2025 92 $1.9B BP, AWK, SHEL, AES, CVE Q2 2025 83 $1.5B BP, SHEL, EVRG, AEP, ETR Q1 2025 67 $1.4B AEP, BP, SHEL, OVV, ETR Q4 2024 88 $1.6B XEL, ED, TRP, BP, PR Q3 2024 78 $1.5B TECK, PR, EQT, FANG, BKR Q2 2024 76 $1.1B HES, TRP, CVE, SHEL, SU Q1 2024 78 $1.2B CVE, TECK, SU, PXD, MPC