TXO Partners (NYSE:TXO) Posts 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13), Zacks reports. TXO Partners had a positive return on equity of 8.05% and a negative net margin of 63.22%. The company had revenue of $83.68 million for the quarter, compared to analysts’ expectations of $83.68 million.

TXO Partners Stock Performance

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

Insider Transactions at TXO Partners

In related news, CAO Scott T. Agosta sold 5,775 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $18.59, for a total transaction of $107,357.25. Following the sale, the chief accounting officer now directly owns 159,498 shares in the company, valued at approximately $2,965,067.82. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Keith A. Hutton purchased 60,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of $16.04 per share, with a total value of $962,400.00. Following the transaction, the director now directly owns 4,100,215 shares of the company’s stock, valued at approximately $65,767,448.60. This represents a 1.49 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 75,500 shares of company stock valued at $1,223,690 in the last ninety days.

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.