TXO Partners LP (NYSE:TXO) Declares Dividend Increase – $0.40 Per Share

TXO Partners LP (NYSE:TXO) announced a quarterly dividend on Tuesday, August 4th. Stockholders 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 dividend yield of 12.2%. 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. 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 Trading Up 1.3%

Shares of NYSE:TXO traded up $0.17 during trading on Wednesday, reaching $13.15. The company’s stock had a trading volume of 9,328 shares, compared to its average volume of 193,474. The stock has a market capitalization of $726.41 million, a PE ratio of -7.15 and a beta of 0.04. TXO Partners has a 12 month low of $10.12 and a 12 month high of $15.35. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The firm’s 50 day simple moving average is $12.94 and its two-hundred day simple moving average is $12.59.

TXO Partners (NYSE:TXO) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. The business had revenue of $150.87 million for the quarter, compared to the consensus estimate 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 predict 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.