Capital One Financial Estimates TXO Partners FY2024 Earnings

TXO Partners, L.P. (NYSE:TXO - Free Report) - Research analysts at Capital One Financial lowered their FY2024 EPS estimates for shares of TXO Partners in a report released on Wednesday, October 16th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $0.88 for the year, down from their prior forecast of $0.98. The consensus estimate for TXO Partners' current full-year earnings is $0.98 per share. Capital One Financial also issued estimates for TXO Partners' Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.35 EPS, FY2025 earnings at $1.37 EPS and FY2026 earnings at $1.60 EPS.

TXO Partners Stock Performance

TXO traded down $0.07 during trading on Friday, hitting $18.80. 70,500 shares of the stock were exchanged, compared to its average volume of 67,804. The company has a quick ratio of 3.26, a current ratio of 3.27 and a debt-to-equity ratio of 0.01. TXO Partners has a 1-year low of $17.20 and a 1-year high of $23.56. The stock has a fifty day moving average price of $19.05 and a two-hundred day moving average price of $19.62. The firm has a market capitalization of $581.63 million, a P/E ratio of -3.21 and a beta of 0.05.

TXO Partners (NYSE:TXO - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.10). The firm had revenue of $57.31 million for the quarter, compared to analyst estimates of $63.77 million. TXO Partners had a positive return on equity of 9.33% and a negative net margin of 60.08%.

TXO Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.28 annualized dividend and a yield of 12.13%. TXO Partners's dividend payout ratio (DPR) is -38.97%.

Institutional Trading of TXO Partners

A number of large investors have recently bought and sold shares of TXO. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in TXO Partners during the 3rd quarter valued at approximately $84,000. Westwood Holdings Group Inc. purchased a new stake in shares of TXO Partners during the second quarter worth approximately $4,032,000. Sei Investments Co. purchased a new stake in shares of TXO Partners during the second quarter worth approximately $2,126,000. Hsbc Holdings PLC grew its position in TXO Partners by 89.6% in the 2nd quarter. Hsbc Holdings PLC now owns 150,000 shares of the company's stock valued at $3,020,000 after buying an additional 70,871 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in TXO Partners by 1,127.0% in the 2nd quarter. American Century Companies Inc. now owns 1,025,906 shares of the company's stock valued at $20,682,000 after buying an additional 942,295 shares during the period. Institutional investors and hedge funds own 27.44% of the company's stock.

About TXO Partners

TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.