TXO Partners LP (NYSE:TXO – Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, November 13th will be given a dividend of $0.44 per share on Friday, November 20th. This represents a $1.76 dividend on an annualized basis and a yield of 13.5%. 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. Equities research 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 Price Performance
Shares of TXO Partners stock opened at $13.07 on Thursday. The company has a market capitalization of $724.73 million, a price-to-earnings ratio of -16.98 and a beta of 0.07. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock’s 50-day simple moving average is $14.36 and its 200-day simple moving average is $13.15. TXO Partners has a 52 week low of $10.12 and a 52 week high of $15.58.
TXO Partners (NYSE:TXO – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.79). TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. The business had revenue of $55.09 million for the quarter, compared to analysts’ expectations of $102.05 million. As a group, analysts expect that TXO Partners will post 0.60 earnings per share for the current fiscal year.
About TXO Partners
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.
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