earnings
confidence high
sentiment positive
materiality 0.75
TPL Q1 net income $97.9M, special dividend $20/share declared
Texas Pacific Land Corp
2022-Q1 EPS reported
$12.64
revenue$147,335,000
- Net income $97.9M ($12.65 EPS), up 95.6% YoY; revenue $147.3M, up 63.2M.
- Royalty production 20.8K boe/d (+27% YoY); realized price $58.31/boe vs $35.04.
- Special dividend $20.00/share and quarterly dividend $3.00, both payable June 15.
- Board expanded to 10 with appointments of Rhys J. Best and Karl F. Kurz.
- $100M stock repurchase program active, expires Dec 31, 2022.