TXO Partners Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
TXO Partners (NYSE:TXO) Full Year 2023 Results
Key Financial Results
Revenue: US$380.7m (up 55% from FY 2022).
Net loss: US$104.0m (loss widened by US$96.3m from FY 2022).
US$3.44 loss per share (further deteriorated from US$0.25 loss in FY 2022).
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 6.6%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 1.8%.
Performance of the American Oil and Gas industry.
The company's shares are up 4.6% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with TXO Partners.
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