Texas Pacific Land Q2 net income $118.9M, revenue $176.3M, up 108% YoY

Texas Pacific Land Corp

2022-Q2 EPS reported $28.01 revenue$323,605,000

Net income $118.9M ($15.37 EPS) vs $57.0M in Q2 2021, up 108.4%.
Revenue $176.3M; oil & gas royalty revenue increased $63.1M YoY; average realized price $70.36/Boe.
Royalty production 19.8 MBoe/d (16.4 MBoe/d in Q2 2021); water sales volume up 55%.
Entered bitcoin mining agreements with Mawson and JAI, and carbon capture study with Milestone Carbon.
Declared $3.00/quarter dividend payable Sept 15; board proposes declassification for 2022 annual meeting.

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