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. Investors of record on Friday, August 14th will be paid a dividend of 0.40 per share on Friday, August 21st. This represents a c) annualized dividend and a yield of 11.8%. 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 125.2% meaning 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 $1.44 annual dividend with an expected future payout ratio of 148.5%.

TXO Partners Stock Up 4.5%

Shares of TXO stock opened at $13.56 on Thursday. The stock’s fifty day moving average price is $12.95 and its 200 day moving average price is $12.61. TXO Partners has a 1-year low of $10.12 and a 1-year high of $15.35. The company has a market cap of $749.33 million, a price-to-earnings ratio of -7.37 and a beta of 0.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. The company had revenue of $150.87 million during the quarter, compared to analysts’ expectations of $116.24 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. On average, research analysts expect that TXO Partners will post 0.13 earnings per share 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.