M-I L.L.C. v. Texas International Terminals, Ltd.

Texas Court of Appeals, 1st District (Houston)·Decided April 23, 2026·No. 01-24-00608-CV·Published

Opinion

Opinion issued April 23, 2026

In The

Court of Appeals

For The

First District of Texas

the previously executed settlement agreement and ordered that the amended agreement be executed within seven days of its order.

In three issues, M-I contends that the trial court erred by (1) requiring M-I to enter into a new settlement agreement including terms not previously agreed to by the parties; (2) adding to and deleting terms from the parties’ prior agreements; and (3) alternatively, miscalculating the amount of the annual payment owed by M-I.

We reverse and remand.

Background

M-I entered into a Materials Handling Agreement (“MHA”) with Galveston Bulk Terminals L.P., and Galveston Bulk Terminals assigned its rights and benefits under the MHA to TXIT. Under the MHA, TXIT provided stevedoring and transportation services to M-I, including receiving and unloading M-I’s products from vessels, transporting, and stockpiling that product. In return, M-I agreed to pay for and use TXIT’s services for a minimum annual tonnage at a rate that was initially fixed but could be adjusted by the parties after the initial three years.

Following years of litigation, the parties entered into a settlement agreement that included the following provisions:

1. Payment of the Lease on a monthly basis in accordance with its terms but all possessory rights will be terminated effective October 30, 2023. [TXIT] and the Intervenors SULTEX, Ltd.

(“SULTEX”) and 5700 PIB, LLC (“PIB”) will acknowledge that land and improvements will be returned as is, where is;

2. A stipulation that the balance due under the Lease is $1,671,296;

3. Payment by [M-I] of the regular, annual payments under the MHA for 2024 and 2025, and a ½ payment in 2026, and a single payment within 45 days in the amount of $5,000,000 for the damages to the bulkhead, fendering expenses, attorney’s fees, interest, storage at PIB and all other sums claimed in the abovecaptioned Lawsuit;

4. Mutual, global releases of all claims asserted in the Lawsuit or not, along with a dismissal with prejudice. The settlement documents will be prepared in a form mutually acceptable to counsel for the M-I, TXIT, SULTEX, and PIB (the “settling parties”).

TXIT moved for summary judgment seeking a declaration that (1) the “regular, annual payments under the MHA for 2024 and 2025, and a 1/2 payment for 2026” under the settlement agreement’s third provision included price adjustments tied to the consumer price index (“CPI”) based on the parties’ course of dealing; and (2) M-I remove its equipment from the TXIT’s premises on TXIT’s request. TXIT presented an affidavit by its president as evidence of the parties’ course of dealing under the MHA and to support its position that M-I must remove its equipment according to the parties’ sub-lease agreement, despite the settlement agreement’s “as is” provision. M-I objected to the affidavit and sought to enforce the settlement agreement, contending (1) the “regular, annual payments under the MHA” did not include the CPI price adjustment because the MHA did not provide for it; and (2) the settlement agreement gave M-I the right to return the premises to TXIT in its then-existing condition, which M-I had done.

The trial court granted TXIT’s summary judgment motion and concluded M-I breached the settlement agreement. The trial court ordered that the following language be included in the settlement agreement and that M-I execute the agreement within seven days:

1. M-I shall make the required payments of “regular, annual payments” under the MHA as follows:

• On May 1, 2024, the amount of $2,540,000 or as otherwise CPI adjusted in accordance with the methodology established by the prior course of dealing prior to the Effective Date;

• On May 1, 2025, the amount of $2,540,000 or as otherwise CPI adjusted in accordance with the methodology established by the prior course of dealing prior to the Effective Date;

• On May 1, 2026, the amount of $1,270,000 or as otherwise CPI adjusted in accordance with the methodology established by the prior course of dealing prior to the Effective Date.

2. The M-I equipment that appears in the image below shall be removed, if [TXIT] requests the removal, and such equipment shall be removed within 180 days of termination of the Sub Lease Agreement. [TXIT] may only request the removal of the following items and none other:

The trial court further ordered that its declaratory ruling was enforceable by contempt if the agreement was not timely completed and signed.

M-I moved to modify the judgment and for new trial and requested rulings on its objections to summary judgment evidence and its motion to enforce the settlement agreement. The trial court overruled M-I’s objections and denied all M-I’s motions.

Standard of Review

We review the trial court’s summary judgment under a de novo standard of review. Provident Life & Accident Ins. Co. v. Knott, 128 S.W.3d 211, 215 (Tex. 2003). In doing so, we take as true all evidence favorable to the nonmovant and make every reasonable inference and resolve any doubts in the nonmovant’s favor. Id.

The construction of an unambiguous contract is a question of law, which we review de novo. Kachina Pipeline Co., Inc. v. Lillis, 471 S.W.3d 445, 449 (Tex. 2015). Additionally, whether a contract is ambiguous is itself a question of law. Id.

Interpretation of the Settlement Agreement Because the trial court’s interpretation of the settlement agreement informs its enforcement of the same, we address M-I’s interpretation issue first. M-I contends that the trial court rewrote the parties’ settlement agreement instead of interpreting it and improperly relied on extrinsic evidence. TXIT responds that the trial court properly relied on TXIT’s extrinsic evidence of the parties’ course of dealing in interpreting and enforcing the “regular, annual payments under the MHA” of the settlement agreement. TXIT further responds that M-I’s complaint regarding the trial court’s order to remove certain equipment was moot, but in any event, the order complied with the land lease and common practice.

“Under Texas law, we interpret settlement agreements like other contracts.”

Sandt v. Energy Maint. Servs. Grp. I, LLC, 534 S.W.3d 626, 642 (Tex. App.— Houston [1st Dist.] 2017, pet. denied). “In construing a contract, we must ascertain and give effect to the parties’ intentions as expressed in the document.” Frost Nat’l Bank v. L & F Distribs., Ltd., 165 S.W.3d 310, 312 (Tex. 2005). “When a contract is worded such that it has a certain and definite legal meaning, it is unambiguous.” Transcont’l Gas Pipeline Corp. v. Texaco, Inc., 35 S.W.3d 658, 665 (Tex. App.—

Houston [1st Dist.] 2000, pet. denied). “Only if a contract is subject to more than one reasonable interpretation can it be ambiguous.” Id. The parties’ conflicting interpretations do not make an otherwise straightforward contract ambiguous. Id. “When the meaning of the contract is plain and unambiguous, a party’s construction is immaterial.” Id. at 666.

We interpret unambiguous contracts by their express terms and enforce unambiguous contracts as written. David J. Sacks, P.C. v. Haden, 266 S.W.3d 447, 450 (Tex. 2008); Lyons v. Ortego, No. 01-17-00092-CV, 2018 WL 4014218, at *2 (Tex. App.—Houston [1st Dist.] Aug. 23, 2018, pet. denied). But we may examine the contract as a whole and the circumstances surrounding the contract’s formulation. Texaco, 35 S.W.3d at 665.

We agree with the parties and the trial court that the express language of the settlement agreement is unambiguous. When a contract is unambiguous, a court may not consider extrinsic evidence, including evidence of the parties’ course of dealing. Haden, 266 S.W.3d at 451; Frost Nat’l Bank, 165 S.W.3d at 313 n.3.

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M-I L.L.C. v. Texas International Terminals, Ltd., (Tex. Ct. App. 2026).

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