TXO Partners LP’s board of directors of its general partner declared TXO’s second quarter distribution of $0.48 per common unit for the second quarter ending June 30. (Source: Shutterstock.com)
TXO Partners LP’s board of directors of its general partner declared TXO’s second quarter distribution of $0.48 per common unit for the second quarter ending June 30.
The quarterly distribution will be paid out on Aug. 25 to unitholders of record as of Aug. 18.
TXO Partners continues to expect at least $2 per unit of distributions for the full year—if commodity prices stay supportive, said Bob Simpson, chairman and CEO of TXO in an Aug. 8 press release.
"Our stated strategy to deliver distributions while creating future value served us well in the second quarter," president of business operations and CFO Brent Clum said. "Our team added ownership in the prolific Vacuum Field operations as we expanded our infield development. The net result is cash flow for today with more oil production and reserves for tomorrow."
TXO Partners is an MLP focused on the development and exploitation of oil, natural gas and natural gas liquid reserves in North America.
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