In This Article:
TXO Partners (NYSE:TXO) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$68.7m (down 1.6% from 3Q 2023).
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Net income: US$203.0k (down 98% from 3Q 2023).
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Profit margin: 0.3% (down from 12% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
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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 2.9% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 2.9% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with TXO Partners (including 1 which can't be ignored).
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