Texas Pacific Land Q3 net income $105.6M, down 18.6% YoY; revenue $158M

Texas Pacific Land Corp

2023-Q3 EPS reported $38.04 revenue$464,938,000

Diluted EPS of $13.74 vs $16.95 a year ago; net income fell from $129.8M.
Oil & gas royalty revenue down $43.2M on lower avg price ($45.41/Boe vs $63.42) and lower production (21.8 vs 23.4 kboe/d).
Water sales and produced water royalties rose $3.7M; easements and other surface income up $4.1M.
Quarterly cash dividend of $3.25 declared, payable Dec 15 to holders of record Dec 1.
Repurchased $5.9M of common stock in Q3; $32.2M year-to-date.

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 1.0

Texas Pacific Land Corp reported nine months ended September 30, 2023 results: revenue $464.9 million, net income $292.5 million, EPS $38.04 per share (diluted).

Period: nine months ended September 30, 2023
Revenue: $464.9 million
Net income: $292.5 million
EPS: $38.04 per share (diluted)
Result: reported results

Exact text from the filing

Nine Months Ended September 30, 2023 Highlights • Net income of $292.5 million, or $38.04 per share (diluted) • Revenues of $464.9 million

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Texas Pacific Land Corp reported third quarter of 2023 results: revenue $158.0 million, net income $105.6 million, EPS $13.74 per share (diluted).

Period: third quarter of 2023
Revenue: $158.0 million
Net income: $105.6 million
EPS: $13.74 per share (diluted)
Result: reported results

Exact text from the filing

Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or "TPL") today announced its financial and operating results for the third quarter of 2023. Third Quarter 2023 Highlights • Net income of $105.6 million, or $13.74 per share (diluted) • Revenues of $158.0 million

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Texas Pacific Land Corp filing history →

Source: SEC EDGAR

accession 0001811074-23-000051

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