TXO PARTNERS LP Reports Q2 FY2023 Earnings With 34.9% Decrease in Revenue
August 14, 2023
🌥️Earnings Overview
On August 8 2023, TXO PARTNERS LP ($NYSE:TXO) reported their Q2 FY2023 earnings results, showing a total revenue of USD 60.5 million, down 34.9% from the year-ago period. Net income for the quarter was a loss of USD 2.6 million, compared to a profit of USD 24.5 million in the same period of FY2022.
Analysis
GoodWhale has conducted an in-depth analysis of the fundamentals of TXO PARTNERS LP. After careful examination, GoodWhale has determined that this investment is a low risk one when it comes to both financial and business aspects. However, non-financial risks still remain an issue, and GoodWhale has detected two risk warnings in the company’s balance sheet. If you are interested in learning more about these risks and how they may affect your investment, we suggest registering with us to gain access to up-to-date information. With our help, you can be sure that you are making an informed decision before investing in TXO PARTNERS LP. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TXO. More…
| Total Revenues | Net Income | Net Margin |
| 381.93 | 114.7 | 30.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TXO. More…
| Operations | Investing | Financing |
| 103.44 | -107.35 | 0.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TXO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 900.89 | 212.86 | 22.37 |
Key Ratios Snapshot
Some of the financial key ratios for TXO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 31.8% |
| FCF Margin | ROE | ROA |
| 10.1% | 10.9% | 8.4% |
Peers
It faces competition from San Juan Basin Royalty Trust, Maverick Energy Group Ltd, and PHX Minerals Inc, all of which are also vying for a foothold in the industry. With all of these companies vying to be the top player in the energy sector, TXO Energy Partners LP must find a way to remain competitive and establish its own unique competitive advantage.
– San Juan Basin Royalty Trust ($NYSE:SJT)
San Juan Basin Royalty Trust (SJT) is a trust that was established to receive and hold certain oil and gas royalties from the San Juan Basin in San Juan County, New Mexico. It is one of the largest royalty trusts in the US and its market capitalization is currently at 444.65 million dollars as of 2023. SJT’s Return on Equity (ROE) is also extremely strong, standing at 368.69%. Its strong ROE reflects its profitable nature, as well as its ability to generate returns while also managing its operations in a prudent way.
– Maverick Energy Group Ltd ($OTCPK:MKGP)
PHX Minerals Inc is an independent oil and natural gas exploration and production company that focuses on identifying and developing oil and natural gas reserves in the United States. As of 2023, the company has a market cap of 96.01M and a Return on Equity of 15.66%. The market cap is indicative of the company’s size and financial strength and helps investors to determine the stock’s value. A high return on equity indicates that the company is efficiently using its resources to generate profits and adding value for its investors.
Summary
TXO PARTNERS LP reported their Q2 FY2023 earnings on August 8 2023, showing a total revenue of USD 60.5 million, a 34.9% decrease year-on-year. Net income for the quarter was USD -2.6 million, a stark contrast to the 24.5 million reported in Q2 of FY2022. Despite the decrease in revenue and net income, investors may still find value in the company’s core business operations. Long-term investors should take into consideration factors such as the company’s financial strength, competitive position, and management team when deciding whether or not to invest in TXO PARTNERS LP.
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