Texas Pacific Land Trust

Texas Pacific Land Corp. operates as a landowner in the State of Texas. Its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of the firm's land, revenue for sales of materials used in the construction of infrastructure, providing sourced water and treated produced water, revenue from its oil and gas royalty interests, and revenues related to saltwater disposal on land. The firm also generates revenue from pipeline, power line and utility easements, commercial leases, material sales and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities. It operates through following segment: Land and Resource Management and Water Services and Operations. The Land and Resource Management segment focuses on managing oil and gas royalty interest and surface. The Water Services and Operations segment offers operators an unparalleled breadth of service across the majority of the Permian Basin. The company was founded in 1871 and is headquartered in Dallas, TX.

Earnings data Q1 2024

TPL reports Q1 2023 earnings: Non-oil revenue growth, legal challenges

TPL's Q1 2023 performance was impacted by lower oil and gas prices, but non-oil and gas revenue streams showed strength. The company's near-term inventory outlook is positive, and the SLEM business performed exceptionally well. However, challenges include legal disputes and the impact of Chevron's operations. Despite this, TPL's strong cash position and non-oil and gas revenue streams offer growth opportunities.

TPL reports strong Q2 earnings, focuses on surface-derived revenue growth

TPL's Q2 2023 performance showcased resilience in surface-derived revenue streams, strong financial position, and a strategic focus on future growth opportunities. Despite challenges in oil and gas royalty revenues, the company's diversified revenue streams and robust cash position position it well for future expansion.

TPL reports robust Q3 earnings, poised for growth and expansion

TPL's Q3 2023 performance showcased strong revenue growth, driven by higher commodity prices and robust pipeline easements. The company's financial strength was evident with significant free cash flow and a healthy cash position. However, potential challenges related to production decline and revenue contributors need to be carefully managed. Despite challenges, TPL is well-positioned to capitalize on opportunities for growth and expansion.

TPL reports robust Q4 performance, eyes growth in Permian Basin

TPL's Q4 performance showcased resilience and growth across its business segments, with a focus on maximizing shareholder value through strategic capital allocation. Despite challenges in cost structures and supply chain issues, the company remains optimistic about future opportunities in the Permian Basin and water-related businesses.

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Texas Pacific Land Corp. operates as a landowner in the State of Texas. Its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of the firm's land, revenue for sales of materials used in the construction of infrastructure, providing sourced water and treated produced water, revenue from its oil and gas royalty interests, and revenues related to saltwater disposal on land. The firm also generates revenue from pipeline, power line and utility easements, commercial leases, material sales and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities. It operates through the Land and Resource Management and Water Services and Operations segment. The Land and Resource Management segment focuses on managing oil and gas royalty interest and surface. The Water Services and Operations segment refers to the full-service water offerings to operators in the Permian Basin through Texas Pacific Water Resources LLC, a single member Texas limited liability company owned by the company. The company was founded in 1871 and is headquartered in Dallas, TX.

In the most recent trading session, Texas Pacific (TPL) closed at $582.60, indicating a +0.03% shift from the previous trading day.

Texas Pacific (TPL) Rises As Market Takes a Dip: Key Facts

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) announced today that the Company will release first quarter 2024 financial results after the market closes on Wednesday, May 8, 2024. A conference call will be held on Thursday, May 9, 2024 at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 min.

Texas Pacific Land Corporation Sets Dates for First Quarter 2024 Earnings Release and Conference Call

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Here is how Texas Pacific (TPL) and Weatherford (WFRD) have performed compared to their sector so far this year.

Are Oils-Energy Stocks Lagging Texas Pacific Land (TPL) This Year?

In the latest trading session, Texas Pacific (TPL) closed at $605.72, marking a +0.7% move from the previous day.

Texas Pacific (TPL) Ascends While Market Falls: Some Facts to Note

Texas Pacific Land Corporation presents a unique investment opportunity with diverse revenue streams and exposure to increased development in the Permian region. TPL's royalty interests provide pure-play exposure to oil and gas production without the costs and decline rates of direct well ownership. The company's strong balance sheet and potential for future growth through renewable energy and water infrastructure projects make it an attractive investment in the Permian Basin.

Texas Pacific Land: Striking Black Gold In The Permian

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Texas Pacific (TPL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Texas Pacific (TPL) Moves to Strong Buy: Rationale Behind the Upgrade

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DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) today announced that its Board of Directors has approved a three-for-one stock split to be distributed to stockholders as a stock dividend. Each stockholder of record at the close of business on March 18, 2024, will receive two additional shares of common stock of the Company for each share held as of this record date. The new shares will be distributed on March 26, 2024. We expect that trading of the Company's.

Texas Pacific Land Corporation Announces Three-for-One Stock Split

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The valuation of the S&P 500 has become rather stretched, indicating subdued longer-term returns. This makes value stocks, particularly in the energy sector, more attractive due to their lower valuations. The article recommends three specific stocks for investors interested in royalty exposure: Texas Pacific Land, Viper Energy, and Topaz Energy.

3 Royalty Plays So You Can 'Sleep Well At Night'

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL” or the “Company”) announced today that the Delaware Supreme Court (the “Supreme Court”) affirmed the December 1, 2023 ruling of the Delaware Court of Chancery (the “Court of Chancery”) in favor of TPL in the litigation between the Company and Horizon Kinetics LLC, Horizon Kinetics Asset Management LLC, SoftVest Advisors, LLC and SoftVest, L.P. (collectively, the “Investor Group”), in Horizon Kinetics, LLC, et al. v. Texa.

Delaware Supreme Court Affirms Ruling in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders' Agreement

Texas Pacific Land Corporation (TPL) Q4 2023 Earnings Call Transcript

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced its financial and operating results for the fourth quarter and full year of 2023. Fourth Quarter 2023 Highlights Net income of $113.1 million, or $14.73 per share (diluted) Revenues of $166.7 million Adjusted EBITDA(1) of $150.9 million Free cash flow (1) of $116.3 million Royalty production of 26.3 thousand barrels of oil equivalent per day, the highest quarterly royalty production leve.

Texas Pacific Land Corporation Announces Fourth Quarter and Full Year 2023 Results

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release fourth quarter and full year 2023 financial results after the market closes on Wednesday, February 21, 2024. A conference call will be held on Thursday, February 22, 2024 at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at www.texaspacific.com. To listen to the live broad.

Texas Pacific Land Corporation Sets Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

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Texas Pacific Land Trust (TPL) underperformed the Energy Select Sector SPDR by 32% in 2023. While Valuations fit in line with last decade, we tell you why TPL is incredibly expensive today. Issuing stock is probably the very best thing the company can do at this point.

Texas Pacific: Issue Stock To Buy Land, Cause They Are Not Making It Any More

Texas Pacific Land (NYSE: TPL) stock price is not having a good year as interest rates remains at the highest point in over 22 years. The stock was trading at $1,555 on Tuesday, about 21% below its highest point in September and 42% below its highest point in 2022.

Texas Pacific Land (TPL): Insiders are buying the stock

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL” or the “Company”) announced today that the Delaware Court of Chancery (the “Court”) has ruled in favor of TPL in the litigation between the Company and Horizon Kinetics LLC, Horizon Kinetics Asset Management LLC, SoftVest Advisors, LLC and SoftVest, L.P. (collectively, the “Investor Group”), in Texas Pacific Land Corp. v. Horizon Kinetics LLC, (C.A. No. 2022-1066-JTL) (Del. Ch.). On December 1, 2023, the Court ruled that.

Delaware Court of Chancery Rules in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders' Agreement

Texas Pacific Land Corporation owns prime real estate in the Permian Basin, the largest U.S. oil and gas basin. TPL generates revenue through fixed fees, material sales, and royalties from major customers like Occidental Petroleum, Chevron, Exxon Mobil, EOG Resources, and ConocoPhillips. TPL has impressive financial performance, with a 40% compounding growth rate in free cash flow from 2016 to 2022 and a 10-year average annual total return of 47%.

Texas Pacific Land: 'Buy Land, They're Not Making It Anymore'

Texas Pacific Land Corporation (TPL) Q3 2023 Earnings Call Transcript

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or "TPL") today announced its financial and operating results for the third quarter of 2023. Third Quarter 2023 Highlights Net income of $105.6 million, or $13.74 per share (diluted) Revenues of $158.0 million Adjusted EBITDA(1) of $141.0 million Free cash flow (1) of $106.1 million Royalty production of 21.8 thousand barrels of oil equivalent per day $5.9 million of common stock repurchases Quarterly cash divide.

Texas Pacific Land Corporation Announces Third Quarter 2023 Results

The upward trajectory in costs is expected to have affected Texas Pacific Land's (TPL) earnings in Q3.

News for Texas Pacific Land Trust Stock (TPL)