TXO Partners LP (NYSE:TXO) Plans Quarterly Dividend of $0.40

TXO Partners LP (NYSE:TXO) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.40 per share on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Friday, August 14th. This is a 11.1% increase from TXO Partners’s previous quarterly dividend of $0.36.

TXO Partners has a dividend payout ratio of 125.2% 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 $0.97 per share next year, which means the company may not be able to cover its $1.44 annual dividend with an expected future payout ratio of 148.5%.

TXO Partners Stock Up 2.4%

Shares of NYSE TXO opened at $13.30 on Wednesday. TXO Partners has a 1 year low of $10.12 and a 1 year high of $15.35. The firm has a market cap of $734.53 million, a price-to-earnings ratio of -7.23 and a beta of 0.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50-day simple moving average is $12.94 and its 200-day simple moving average is $12.59.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.11 by $0.96. The business had revenue of $150.87 million for the quarter, compared to analysts’ expectations of $116.24 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. As a group, equities analysts anticipate that TXO Partners will post 0.13 earnings per share for the current fiscal year.

About TXO Partners

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.