TXO Partners L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:30 pm EST
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TXO Partners L.P. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 69.87 million compared to USD 120.7 million a year ago. Net income was USD 8.48 million compared to USD 55.72 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 2.23 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 2.23 a year ago.
For the nine months, revenue was USD 288.75 million compared to USD 204.04 million a year ago. Net income was USD 89.74 million compared to USD 14.61 million a year ago. Basic earnings per share from continuing operations was USD 2.98 compared to USD 0.58 a year ago. Diluted earnings per share from continuing operations was USD 2.93 compared to USD 0.58 a year ago.
TXO Partners, L.P. is an oil and gas company. The Company is focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. The Companyâs acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado. The Company seeks to maintain low-risk development and exploitation of its existing properties, increasing its reserves and production. It owns 50% of Cross Timbers Energy, LLC (Cross Timbers Energy). Cross Timbers Energyâs properties are located primarily in the San Juan Basin of New Mexico and Colorado and the Permian Basin of West Texas and New Mexico. The Company also has a wholly owned subsidiary, MorningStar Operating LLC, which owns oil and gas assets primarily in the San Juan Basin of New Mexico and Colorado and the Permian Basin of West Texas and New Mexico. oil and gas company.
TXO PARTNERS, L.P. 
