TXO Partners LP (NYSE:TXO – Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.44 per share on Friday, November 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Friday, November 13th. This is a 10.0% increase from TXO Partners’s previous quarterly dividend of $0.40.
TXO Partners has a payout ratio of 139.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect TXO Partners to earn $1.92 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 83.3%.
TXO Partners Trading Down 0.1%
Shares of TXO Partners stock opened at $13.60 on Wednesday. TXO Partners has a fifty-two week low of $10.12 and a fifty-two week high of $15.58. The business’s fifty day moving average is $14.38 and its two-hundred day moving average is $13.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05.
TXO Partners (NYSE:TXO – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.80). The business had revenue of $55.09 million during the quarter, compared to analysts’ expectations of $102.05 million. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. On average, research analysts predict that TXO Partners will post 0.60 earnings per share for the current year.
TXO Partners Company Profile
TXO Partners, L.P. (NYSE: TXO) is an independent oil and natural gas company focused on acquiring, developing and exploiting producing properties. The company’s operations are centered on mature, conventional oil and natural gas assets, with an emphasis on generating production and cash flow from properties that may offer additional development or operating opportunities.
TXO Partners primarily operates in the Permian Basin, one of the largest oil-producing regions in the United States.
Featured Articles
- Five stocks we like better than TXO Partners
- Tower Semiconductor’s Earnings Are Soaring—So Why Is Its Stock Down More Than 50%?
- Shopify’s Small Q3 Miss Triggered a Big Sell-Off: What’s Next?
- Can Oil’s Big Rally Deliver Reliable Income? 3 Energy Plays to Watch
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
Receive News & Ratings for TXO Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TXO Partners and related companies with MarketBeat.com's FREE daily email newsletter.
