TXO Partners' Q3 Earnings: May Get A Boost From Trump's Win But Too Risky
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TXO Partners L.P. reported mixed Q3 results with strong oil revenues but declining gas revenues and increased expenses. The company's high dividend yield is not covered by earnings, raising concerns about its sustainability. Additional worries include high debt, increased shares, and poor management communication.
November 07, 2024 | 10:30 pm
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TXO Partners L.P. reported mixed Q3 results with strong oil revenues but declining gas revenues and increased expenses. The high dividend yield of 12.3% is not covered by earnings, raising concerns about its sustainability. Additional worries include high debt, increased shares, and poor management communication.
The mixed Q3 results with declining gas revenues and increased expenses suggest financial instability. The high dividend yield is not covered by earnings, indicating potential cuts. High debt and increased shares add to financial strain, while poor management communication creates uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100