TXO Partners LP (TXO) to Distribute Quarterly Dividend of $0.40 on August 21st

TXO Partners LP (NYSE:TXO) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 14th will be given a dividend of 0.40 per share on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend 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 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. Equities research analysts expect TXO Partners to earn $0.97 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 164.9%.

TXO Partners Price Performance

Shares of TXO opened at $14.36 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. TXO Partners has a twelve month low of $10.12 and a twelve month high of $14.83. The stock has a market capitalization of $795.98 million, a P/E ratio of -18.64 and a beta of 0.04. The company has a 50 day moving average of $13.02 and a 200-day moving average of $12.70.

TXO Partners (NYSE:TXO) last released its earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. The business had revenue of $150.87 million during the quarter, compared to the consensus estimate of $116.24 million. As a group, equities research analysts forecast that TXO Partners will post 0.13 EPS 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.