TXO Partners (NYSE:TXO) Releases Earnings Results, Beats Expectations By $0.96 EPS

TXO Partners (NYSE:TXO) released its quarterly earnings data on Tuesday. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.96, FiscalAI reports. TXO Partners had a negative net margin of 28.52% and a negative return on equity of 14.13%. The firm had revenue of $150.87 million for the quarter, compared to analyst estimates of $116.24 million.

TXO Partners Stock Performance

Shares of NYSE:TXO traded down $0.19 during trading hours on Tuesday, hitting $12.98. The stock had a trading volume of 171,238 shares, compared to its average volume of 194,774. The stock’s fifty day simple moving average is $12.95 and its 200 day simple moving average is $12.58. TXO Partners has a 1-year low of $10.12 and a 1-year high of $15.35. The firm has a market capitalization of $716.90 million, a price-to-earnings ratio of -7.05 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.

Insider Buying and Selling at TXO Partners

In other TXO Partners news, Director Bob R. Simpson acquired 63,282 shares of TXO Partners stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of $12.64 per share, for a total transaction of $799,884.48. Following the completion of the transaction, the director owned 9,100,000 shares in the company, valued at approximately $115,024,000. This represents a 0.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 2,360,000 shares of company stock worth $31,077,413 over the last quarter.

Institutional Trading of TXO Partners

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in TXO Partners in the 4th quarter valued at about $5,586,000. First Trust Advisors LP bought a new stake in shares of TXO Partners during the 2nd quarter worth about $5,830,000. Energy Income Partners LLC raised its position in shares of TXO Partners by 26.0% during the 3rd quarter. Energy Income Partners LLC now owns 1,139,085 shares of the company’s stock worth $16,004,000 after buying an additional 234,808 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of TXO Partners by 12.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock worth $21,709,000 after acquiring an additional 226,600 shares during the period. Finally, Pin Oak Investment Advisors Inc. lifted its stake in shares of TXO Partners by 39.2% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 382,702 shares of the company’s stock worth $5,377,000 after acquiring an additional 107,724 shares during the period. Institutional investors own 27.44% of the company’s stock.

Analyst Upgrades and Downgrades

TXO has been the subject of several recent research reports. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Zacks Research downgraded TXO Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Weiss Ratings lowered TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut TXO Partners from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.50.

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.