Streetbeat News

TXO

MorningStar Partners, L.P.

https://www.mspartners.com

Industry

Oil & Gas Exploration & Production

TXO Energy Partners, L.P. engages in the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. As of July 31, 2022, it had working interest in the 850,009 gross acres located in the United States primarily in the San Juan Basin of New Mexico and Colorado, and the Permian Basin of West Texas and New Mexico. The company was founded in 2012 and is based in Fort Worth, Texas.

Open

18.20

Mkt cap

746M

Volume

236K

High

18.41

P/E Ratio

-3.02

52-wk high

23.56

Low

17.90

Div yield

0.13

52-wk low

17.20

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.

Portfolio Pulse from

November 07, 2024 | 10:30 pm

TXO Partners, L.P. declared a third-quarter 2024 distribution of $0.58 per common unit, payable on November 22, 2024, to unitholders of record as of November 15, 2024. The company also filed its quarterly report on Form 10-Q.

Portfolio Pulse from

November 05, 2024 | 9:30 pm

TXO Partners announced the pricing of its public offering of 6,500,000 common units at $20.00 per unit, increasing the offering size from the previously announced 5,000,000 units.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:45 am

TXO Partners has announced a public offering of 5 million common units. The proceeds will be used to fund asset acquisitions from Eagle Mountain Energy and a private company, repay borrowings, and for general partnership purposes.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:18 pm

The article highlights the performance of various energy stocks during Tuesday's after-market session. Notable gainers include Tetra Technologies (TTI), TXO Partners (TXO), Comstock (LODE), Enservco (ENSV), Enviva (EVA), and FutureFuel (FF). On the losing side, Atlas Energy Solutions (AESI), Tellurian (TELL), Noble Corp (NE), Houston American Energy (HUSA), Crescent Energy (CRGY), and NOV (NOV) saw declines.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 8:30 pm

TXO Partners LP has filed for a mixed shelf offering of up to $250 million, according to an SEC filing. Additionally, there is an offering of up to 11.5 million common units by the selling unitholders.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:53 pm

Raymond James analyst John Freeman has maintained a Strong Buy rating on TXO Partners (NYSE:TXO) but reduced the price target from $30 to $26.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 8:16 pm

Stifel analyst Derrick Whitfield has maintained a Buy rating on TXO Partners (NYSE:TXO) but has reduced the price target from $27 to $26.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:51 pm

Stifel analyst Derrick Whitfield has maintained a Buy rating on TXO Partners (NYSE:TXO) but has reduced the price target from $28 to $27.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:47 pm

During Friday's session, 112 companies set new 52-week lows. The largest company by market cap to set a new 52-week low was Hershey (HSY), while the smallest was Ascent Solar Technologies (ASTI). TOP Ships (TOPS) saw the most significant drop, with its stock falling 1028.56% to reach a new 52-week low. Quest Diagnostics (DGX) shares were the most resilient, rising 0.0% from its new 52-week low.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:09 pm

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