TXO Partners LP (NYSE:TXO) Plans $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 given a dividend of 0.30 per share on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a 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. Research 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 Trading Up 0.3%

NYSE:TXO traded up $0.04 during trading hours on Friday, hitting $12.56. 44,551 shares of the company were exchanged, compared to its average volume of 181,884. The stock has a market capitalization of $687.98 million, a price-to-earnings ratio of 31.39 and a beta of 0.13. TXO Partners has a one year low of $10.12 and a one year high of $20.24. The company has a fifty day simple moving average of $11.49 and a 200 day simple moving average of $12.70. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.37.

TXO Partners (NYSE:TXO) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.67). TXO Partners had a net margin of 4.62% and a return on equity of 3.64%. The company had revenue of $125.93 million during the quarter, compared to analyst estimates of $111.09 million. Sell-side analysts expect that TXO Partners will post 1.02 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.