TXO Partners LP (TXO) to Issue Quarterly Dividend of $0.44 on November 20th

TXO Partners LP (NYSE:TXO) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, November 13th will be paid a dividend of $0.44 per share on Friday, November 20th. This represents a $1.76 annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend is Friday, November 13th. This is a 10.0% increase from TXO Partners’s previous quarterly dividend of $0.40.

TXO Partners has a dividend payout ratio of 153.0% 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 $1.89 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 93.1%.

TXO Partners Price Performance

Shares of NYSE TXO opened at $13.73 on Wednesday. TXO Partners has a twelve month low of $10.12 and a twelve month high of $15.58. The firm has a fifty day simple moving average of $14.26 and a 200 day simple moving average of $13.20. The company has a market capitalization of $761.33 million, a PE ratio of -9.60 and a beta of 0.07. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.45.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.79). The business had revenue of $55.09 million for the quarter, compared to analyst estimates of $102.05 million. TXO Partners had a negative return on equity of 11.63% and a negative net margin of 20.52%. On average, sell-side analysts forecast that TXO Partners will post 0.65 EPS for the current year.

About TXO Partners

TXO Partners, L.P. is an independent oil and gas company focused on acquiring, developing, optimizing and producing conventional oil, natural gas and natural gas liquids reserves in North America. Its operations include properties in the Permian, San Juan and Williston basins. The company’s activities include operating and enhancing existing wells and developing its oil and gas properties. Its production includes crude oil, natural gas and natural gas liquids. TXO Partners was formed in 2022 and became publicly traded in 2023.