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

In This Article:

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).

earnings-and-revenue-growth
NYSE:TXO Earnings and Revenue Growth November 7th 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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