TXO Partners LP (TXO) to Issue Quarterly Dividend of $0.36 on May 22nd

TXO Partners LP (NYSE:TXO) declared a quarterly dividend on Monday, May 4th. Investors of record on Friday, May 15th will be paid a dividend of 0.36 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Friday, May 15th. This is a 20.0% increase from TXO Partners’s previous quarterly dividend of $0.30.

TXO Partners has a payout ratio of 104.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TXO Partners to earn $0.92 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 130.4%.

TXO Partners Trading Up 0.6%

TXO opened at $12.52 on Wednesday. The firm’s fifty day moving average is $12.46 and its two-hundred day moving average is $12.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $691.38 million, a PE ratio of -6.80 and a beta of 0.02. TXO Partners has a twelve month low of $10.12 and a twelve month high of $17.90.

TXO Partners (NYSE:TXO) last announced its quarterly earnings results on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($1.30). TXO Partners had a negative return on equity of 13.53% and a negative net margin of 28.52%.The firm had revenue of $28.28 million for the quarter, compared to the consensus estimate of $110.71 million. Equities research analysts anticipate that TXO Partners will post 0.37 EPS for the current year.

TXO Partners Company Profile

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.