TXO Partners LP (NYSE:TXO) Raises Dividend to $0.40 Per Share

TXO Partners LP (NYSE:TXO – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Shareholders 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 12.0%. The ex-dividend date is Friday, August 14th. This is a 11.1% increase from TXO Partners’s previous quarterly dividend of $0.36.

TXO Partners has a payout ratio of 125.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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%.

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TXO Partners Stock Up 2.4%

TXO stock opened at $13.30 on Wednesday. TXO Partners has a 12 month low of $10.12 and a 12 month high of $15.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. The company’s 50 day simple moving average is $12.94 and its 200-day simple moving average is $12.59. The firm has a market capitalization of $734.53 million, a PE ratio of -7.23 and a beta of 0.04.

TXO Partners (NYSE:TXO – Get Free Report) last announced its 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 firm had revenue of $150.87 million for 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%. Equities analysts expect that TXO Partners will post 0.13 earnings per share for the current fiscal year.

TXO Partners Company Profile

(Get Free Report)

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.

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