secwatch.observer — SEC 8-K summary
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Issuer:     Texas Pacific Land Corp (TPL)
CIK:        0001811074
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001811074-23-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811074/000181107423000051/0001811074-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811074/000181107423000051/tpl-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001811074-23-000051

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