TXO Partners Slips as Investors Await Earnings Report

TXO Partners shares fell 1.19% to $14.10 at the latest close, a steeper decline than the S&P 500’s 0.17% loss. As of Tuesday at 20:00 UTC, the shares remained at that price.

The stock is down 1.45% over the past month. In that period, the Oils-Energy sector gained 0.04%, while the S&P 500 fell 0.24%.

Investors are looking ahead to TXO’s upcoming earnings release. Zacks consensus estimates call for earnings of $0.16 per share, up 100% from the year-earlier quarter, and revenue of $90.16 million, down 10.62%.

For the full year, analysts expect earnings of $0.66 per share and revenue of $383.45 million, according to Zacks estimates. Those figures would represent a 13.79% increase in earnings and a 4.38% drop in revenue from last year.

TXO’s forward price-to-earnings ratio stands at 21.62, compared with an industry average of 14.32, Zacks reported. The measure compares a company’s share price with its expected earnings.