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Stock impact report

TXO Partners Declares a Second Quarter 2024 Distribution of $0.57 on Common Units; Files Quarterly Report on Form 10-Q

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 $0.57 per common unit for the quarter ended June 30, 2024. The quarterly distribution will be paid on August 27, 2024, to eligible unitholders of record as of the close of trading on August 20, 2024.“Our financial focus for the unit holders is stewardship of capital—in our allocation to producing assets, in our strong balance sheet, and critically, in our distribution of cash flow,” stated Bob R. Simpson, Chairman and CEO. “As our investors enjoy quarterly cash returns, we will focus on accretive value creation. For the second quarter of 2024, we are proud to announce $.57 per unit will be delivered to our investors.”“Our re-entry into the Greater Williston Basin affirms our successful strategy of allocating capital with our production and distribution model,” further commented President of Business Operations and CFO, Bre Show less Read more
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