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Stock impact report

TXO Partners Declares a Fourth Quarter 2023 Distribution of $0.58 on Common Units; Files Annual Report on Form 10-K

TXO Partners, L.P. Common Units Representing Limited Partner Interests (TXO) 
Company Research Source: Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.58 per common unit for the quarter ended December 31, 2023. The quarterly distribution will be paid on March 28, 2024, to eligible unitholders of record as of the close of trading on March 15, 2024.“We celebrate the success of our first year as a public company with a secure asset base and a confident business plan for our owners,” stated Bob R. Simpson, Chairman and CEO. “Our focus on long-lived production in legacy basins allows us flexibility. With the volatile natural gas prices due to a warm winter, we are reducing activity and spending for the year as the industry adjusts. That said, we expect stable production in 2024 and are optimistic for stronger commodity prices ahead.”“Our financial discipline is the key component of the TXO strategy,” further commented President of Business Operations and CFO, Brent Clum. “ Show less Read more
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