Use Excel's Get & Transform (Power Query) experience to connect to Text files.
Click the Data tab, then Get Data > From File > From Text/CSV. If you don't see the Get Data tab, click New Query > From File > From Text.
In the Power Query ribbon tab, click From File > From Text.
See the following video on how to display Query Editor.
Note: The Query Editor only appears when you load, edit, or create a new query using Power Query. The following video shows the Query Editor window appearing after editing a query from an Excel workbook. To view the Query Editor without loading or editing an existing workbook query, from the Get External Data section in the Power Query ribbon tab, select From Other Sources > Blank Query. The following video shows one way to display the Query Editor.
In the Browse dialog box, browse for or type a file path to import or link to a file.
After the connection succeeds, you will be able to preview the lines of text in the file.
You can also use the Query Editor to create formulas to connect to text files. For example: