TXO Partners (NYSE:TXO) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

TXO Partners (NYSE:TXO) posted its quarterly earnings data on Tuesday. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13), Zacks reports. The firm had revenue of $83.68 million during the quarter, compared to the consensus estimate of $83.68 million. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%.

TXO Partners Price Performance

NYSE:TXO opened at $18.23 on Wednesday. TXO Partners has a 52-week low of $15.22 and a 52-week high of $23.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The firm has a market cap of $745.64 million, a P/E ratio of -3.07 and a beta of 0.19. The business’s 50-day moving average price is $19.14 and its 200 day moving average price is $17.91.

Insider Buying and Selling at TXO Partners

In other news, CFO Brent W. Clum sold 7,702 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $143,180.18. Following the completion of the sale, the chief financial officer now directly owns 470,337 shares of the company’s stock, valued at $8,743,564.83. This trade represents a 1.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William H. Adams III bought 14,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were bought at an average cost of $16.93 per share, for a total transaction of $237,020.00. Following the completion of the transaction, the director now directly owns 92,784 shares of the company’s stock, valued at $1,570,833.12. This trade represents a 17.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 75,500 shares of company stock valued at $1,223,690.

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.