TXO Partners LP (TXO) Misses Q1 Earnings and Revenue Estimates

Core Insights - TXO Partners LP reported quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.36 per share, and down from $0.33 per share a year ago, representing an earnings surprise of -33.33% [1] - The company posted revenues of $84.33 million for the quarter, missing the Zacks Consensus Estimate by 4.40%, compared to $67.44 million in the same quarter last year [2] - TXO Partners LP has not surpassed consensus EPS estimates over the last four quarters [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $82.99 million, and for the current fiscal year, it is $1.33 on revenues of $326.08 million [7] - The estimate revisions trend for TXO Partners LP is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Energy and Pipeline - Master Limited Partnerships industry is currently in the bottom 7% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]