MorningStar Partners LP (TXO) Stock

TXO Partners L.P.'s Q3 results show mixed performance, with impressive oil revenues but a significant decline in gas revenues and increased expenses. The company's high dividend yield of 12.3% is not covered by earnings and may be at risk if operations don't improve. Concerns include a large debt pile, increased shares outstanding, and a lack of communication from management, making future performance uncertain.

FORT WORTH, Texas--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.58 per common unit for the quarter ended September 30, 2024. The quarterly distribution will be paid on November 22, 2024, to eligible unitholders of record as of the close of trading on November 15, 2024. “TXO Partners continues to deliver in our field operations and our financial stewardship as we are proud to announce a $0.58 dist.

The latest trading day saw TXO Partners LP (TXO) settling at $19.17, representing a -0.67% change from its previous close.

TXO Partners LP (TXO) closed at $18.87 in the latest trading session, marking a -1.46% move from the prior day.

TXO Partners LP (TXO) closed at $19.52 in the latest trading session, marking a +0.36% move from the prior day.

TXO Partners LP (TXO) closed at $19.85 in the latest trading session, marking a +0.35% move from the prior day.

TXO Partners LP (TXO) closed at $18.12 in the latest trading session, marking a -1.47% move from the prior day.

TXO Partners LP (TXO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Here is how TXO Partners LP (TXO) and Western Midstream (WES) have performed compared to their sector so far this year.