TXO Partners LP (NYSE:TXO) to Issue $0.30 Quarterly Dividend

TXO Partners LP (NYSE:TXO) announced a quarterly dividend on Thursday, February 26th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.30 per share on Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Tuesday, March 10th.

TXO Partners has a payout ratio of 121.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TXO Partners to earn $1.91 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 73.3%.

TXO Partners Price Performance

NYSE:TXO traded down $0.04 during trading hours on Friday, reaching $12.48. 30,721 shares of the company were exchanged, compared to its average volume of 180,766. The business has a 50 day moving average of $11.49 and a 200 day moving average of $12.70. TXO Partners has a 1-year low of $10.12 and a 1-year high of $20.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market capitalization of $683.70 million, a P/E ratio of 31.39 and a beta of 0.13.

TXO Partners (NYSE:TXO) last released its earnings results on Thursday, February 26th. The company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67). The company had revenue of $125.93 million for the quarter, compared to the consensus estimate of $111.09 million. TXO Partners had a net margin of 4.62% and a return on equity of 3.64%. Research analysts forecast that TXO Partners will post 1.02 EPS for the current year.

TXO Partners Company Profile

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.