Texas Pacific Land Corporation Announces First Quarter Results and Record Water Segment Revenues
Texas Pacific Land Corporation (TPL)
Last texas pacific land corporation earnings: 4/30 04:30 pm
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Source: Business Wire
Earnings Call to be held 7:30 am CT on Thursday, May 9, 2024 DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced its financial and operating results for the first quarter of 2024.First Quarter 2024 HighlightsThe Company announces today the development of a new energy-efficient method of produced water desalination and treatment. The Company has successfully conducted a technology pilot and is progressing towards the construction of a larger test facility with an initial capacity of 10,000 barrels of produced water per day.Three-for-one stock split effective March 26, 2024Net income of $114.4 million, or $4.97 per share (diluted)Revenues of $174.1 million, including record water segment revenues of $62.7 millionAdjusted EBITDA(1) of $152.0 millionFree cash flow (1) of $114.5 millionRoyalty production of 24.8 thousand barrels of oil equivalent (“Boe”) per day$10.3 million of common stock repurchasesQuarterly cash dividend of $1
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News
- Texas Pacific Land Corporation (NYSE:TPL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Texas Pacific Land Co. (NYSE: TPL) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $917.00 price target on the stock.MarketBeat
- Texas Pacific Land Corporation Announces First Quarter Results and Record Water Segment Revenues [Yahoo! Finance]Yahoo! Finance
- Is Texas Pacific Land Corporation's (NYSE:TPL) Latest Stock Performance A Reflection Of Its Financial Health? [Yahoo! Finance]Yahoo! Finance
- Texas Pacific (TPL) Crossed Above the 20-Day Moving Average: What That Means for Investors [Yahoo! Finance]Yahoo! Finance
TPL
Earnings
- 5/8/24 - Beat
TPL
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/16/24 - Form 4
- TPL's page on the SEC website