Brokers Issue Forecasts for TXO Partners FY2024 Earnings

TXO Partners, L.P. (NYSE:TXO - Free Report) - Equities research analysts at Capital One Financial cut their FY2024 EPS estimates for shares of TXO Partners in a research report issued to clients and investors on Wednesday, October 16th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings per share of $0.88 for the year, down from their prior estimate 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 (NYSE:TXO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.10). The company had revenue of $57.31 million during the quarter, compared to analysts' expectations 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 Price Performance

TXO traded down $0.07 on Friday, hitting $18.80. 70,500 shares of the company's stock were exchanged, compared to its average volume of 67,804. The company has a current ratio of 3.27, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $19.05 and a 200-day moving average price of $19.60. TXO Partners has a fifty-two week low of $17.20 and a fifty-two week high of $23.56. The stock has a market cap of $581.63 million, a price-to-earnings ratio of -3.21 and a beta of 0.05.

Institutional Investors Weigh In On TXO Partners

Several hedge funds have recently modified their holdings of TXO. American Century Companies Inc. raised its position in TXO Partners by 1,127.0% in the second quarter. American Century Companies Inc. now owns 1,025,906 shares of the company's stock worth $20,682,000 after acquiring an additional 942,295 shares in the last quarter. Energy Income Partners LLC increased its position in shares of TXO Partners by 37.7% in the first quarter. Energy Income Partners LLC now owns 493,438 shares of the company's stock valued at $8,857,000 after buying an additional 135,029 shares in the last quarter. Raymond James & Associates increased its position in shares of TXO Partners by 43.4% in the second quarter. Raymond James & Associates now owns 234,488 shares of the company's stock valued at $4,727,000 after buying an additional 70,918 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of TXO Partners in the second quarter valued at $4,032,000. Finally, Hsbc Holdings PLC increased its position in shares of TXO Partners by 89.6% in the second 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 in the last quarter. 27.44% of the stock is owned by institutional investors and hedge funds.

TXO Partners Cuts Dividend

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

TXO Partners Company Profile

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.