TXO Partners Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

TXO Partners (NYSE:TXO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$68.7m (down 1.6% from 3Q 2023).
• Net income: US$203.0k (down 98% from 3Q 2023).
• Profit margin: 0.3% (down from 12% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$0.005 (down from US$0.28 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TXO Partners Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 92%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with TXO Partners (including 1 which is a bit unpleasant).

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