TXO Partners Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St.08-09

TXO Partners (NYSE:TXO) Second Quarter 2024 Results Key Financial Results Revenue: US$57.3m (down 5.2% from 2Q 2023). Net income: US$2.81m (up from US$2.55m loss in 2Q 2023). Profit margin: 4.9% (up ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2458462569?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/5Vpve0Pc2F3m_L3fs2p_dQ--~B/aD02MzY7dz05NDU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/simply_wall_st__316/78a8c60a6283aea0450523395306d38c","is_english":true,"pubTime":"2024-08-09 19:02","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2458462569","market":"us","top_or_hot":-1,"title":"TXO Partners Second Quarter 2024 Earnings: Misses Expectations","media":"Simply Wall St.","content":"<div>\n<p>TXO Partners (NYSE:TXO) Second Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$57.3m (down 5.2% from 2Q 2023).\nNet income: US$2.81m (up from US$2.55m loss in 2Q 2023).\nProfit margin: 4.9% (up ...</p>\n\n<a href=\"https://finance.yahoo.com/news/txo-partners-second-quarter-2024-110256589.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TXO Partners Second Quarter 2024 Earnings: Misses Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTXO Partners Second Quarter 2024 Earnings: Misses Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-09 19:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/txo-partners-second-quarter-2024-110256589.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TXO Partners (NYSE:TXO) Second Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$57.3m (down 5.2% from 2Q 2023).\nNet income: US$2.81m (up from US$2.55m loss in 2Q 2023).\nProfit margin: 4.9% (up ...</p>\n\n<a href=\"https://finance.yahoo.com/news/txo-partners-second-quarter-2024-110256589.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TXO","symbol_name":"Morningstar Partners LP","start_time":0,"source_url":"https://finance.yahoo.com/news/txo-partners-second-quarter-2024-110256589.html","article_id":"2458462569","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5Vpve0Pc2F3m_L3fs2p_dQ--~B/aD02MzY7dz05NDU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/simply_wall_st__316/78a8c60a6283aea0450523395306d38c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2458462569","pubTimestamp":1723201376,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Profit margin: 4.9% . The move to profitability was driven by lower expenses.NYSE:TXO Earnings and Revenue Growth August 9th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 10%. Earnings per share  also missed analyst estimates by 44%.Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US.Performance of the American Oil and Gas industry.The company's share price is broadly unchanged from a week ago.You should always think about risks. Case in point, we've spotted   2 warning signs for TXO Partners  you should be aware of, and 1 of them is significant.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TXO":"Morningstar Partners LP"},"translate_title":"TXO Partners 2024年第二季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TXO":1},"content_text":"TXO Partners (NYSE:TXO) Second Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$57.3m (down 5.2% from 2Q 2023).\nNet income: US$2.81m (up from US$2.55m loss in 2Q 2023).\nProfit margin: 4.9% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses.\nEPS: US$0.09 (up from US$0.083 loss in 2Q 2023).\n\n\n\n\n  NYSE:TXO Earnings and Revenue Growth August 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nTXO Partners Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 44%. \n Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US. \nPerformance of the American Oil and Gas industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   2 warning signs for TXO Partners  you should be aware of, and 1 of them is significant. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2458462569"}