TXO Partners (NYSE:TXO) Issues Earnings Results, Misses Expectations By $0.13 EPS

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

TXO Partners Trading Up 2.1 %

NYSE TXO opened at $19.03 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50-day moving average is $19.14 and its 200-day moving average is $17.91. TXO Partners has a one year low of $15.22 and a one year high of $23.56. The firm has a market cap of $778.57 million, a P/E ratio of -3.20 and a beta of 0.19.

TXO Partners Increases Dividend

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

Insider Buying and Selling

In other news, CFO Brent W. Clum sold 7,702 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $143,180.18. Following the completion of the transaction, the chief financial officer now owns 470,337 shares in the company, valued at $8,743,564.83. This represents a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott T. Agosta sold 5,775 shares of the 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 sale, the chief accounting officer now directly owns 159,498 shares of the company’s stock, valued at $2,965,067.82. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 75,500 shares of company stock valued at $1,223,690.

About TXO Partners

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.