TXO Partners (NYSE:TXO) Announces Earnings Results

TXO Partners (NYSE:TXO) announced its quarterly earnings results on Tuesday. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13), Zacks reports. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. The company had revenue of $83.68 million during the quarter, compared to the consensus estimate of $83.68 million.

TXO Partners Price Performance

TXO Partners stock opened at $19.03 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $778.57 million, a P/E ratio of -3.20 and a beta of 0.19. The business’s fifty day moving average is $19.14 and its two-hundred day moving average is $17.91. TXO Partners has a 52 week low of $15.22 and a 52 week high of $23.56.

TXO Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 14th will be paid a $0.61 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.44 dividend on an annualized basis and a yield of 12.82%. This is a positive change from TXO Partners’s previous quarterly dividend of $0.58. TXO Partners’s payout ratio is currently -39.06%.

Insiders Place Their Bets

In other news, CAO Scott T. Agosta sold 5,775 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $107,357.25. Following the transaction, the chief accounting officer now owns 159,498 shares of the company’s stock, valued at $2,965,067.82. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William H. Adams III purchased 14,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of $16.93 per share, for a total transaction of $237,020.00. Following the purchase, the director now directly owns 92,784 shares of the company’s stock, valued at $1,570,833.12. This trade represents a 17.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 75,500 shares of company stock valued at $1,223,690.

TXO Partners Company Profile

TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.