TPL Q3 net income $129.8M, revenues $191.1M; declares $3.00 dividend, new $250M buyback

Texas Pacific Land Corp

2022-Q3 EPS reported $44.82 revenue$514,716,000

Net income $129.8M ($16.83 per share) vs $83.8M YoY, +54.9%.
Revenues $191.1M, up $67.4M YoY; oil & gas royalty revenue up $51.2M.
Adjusted EBITDA $169.8M; royalty production 23.4 MBoe/d.
Board declared $3.00/share quarterly dividend payable Dec 15, record Dec 8.
Board approved new $250M stock repurchase program effective Jan 1, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Texas Pacific Land Corp reported third quarter of 2022 results: revenue $191.1 million, net income $129.8 million, EPS $16.83 per share (basic) and $16.82 per share (diluted).

Period: third quarter of 2022
Revenue: $191.1 million
Net income: $129.8 million
EPS: $16.83 per share (basic) and $16.82 per share (diluted)
Result: reported results

Exact text from the filing

Net income of $129.8 million, or $16.83 per share (basic) and $16.82 per share (diluted) • Revenues of $191.1 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Texas Pacific Land Corp reported nine months ended September 30, 2022 results: revenue $514.7 million, net income $346.6 million, EPS $44.84 per share (basic) and $44.82 per share (diluted).

Period: nine months ended September 30, 2022
Revenue: $514.7 million
Net income: $346.6 million
EPS: $44.84 per share (basic) and $44.82 per share (diluted)
Result: reported results

Exact text from the filing

Net income of $346.6 million, or $44.84 per share (basic) and $44.82 per share (diluted) • Revenues of $514.7 million

View on SEC.gov

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Texas Pacific Land Corp filing history →

Source: SEC EDGAR

accession 0001811074-22-000069

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