secwatch.observer — SEC 8-K summary
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Issuer:     Texas Pacific Land Corp (TPL)
CIK:        0001811074
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001811074-23-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Pacific Land Q1 net income $86.6M ($11.25 EPS) vs $97.9M prior year; revenues $146.4M
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- Net income $86.6M (EPS $11.25 basic, $11.24 diluted) down from $97.9M in Q1 2022.
- Revenues $146.4M, down slightly from $147.3M; oil & gas royalties $89.1M including $8.7M arbitration stipulation.
- Average realized price fell 23.2% to $44.76/Boe; production steady at 20.9 MBoe/d.
- Operating expenses rose $18.4M to $41.4M driven by higher legal and professional fees.
- Quarterly dividend $3.25/share declared, payable June 15, 2023; $6.7M in stock repurchases during Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811074/000181107423000023/0001811074-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811074/000181107423000023/tpl-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001811074-23-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer