TPL Q4 net income $113.1M ($14.73 EPS); revenue $166.7M; dividend raised to $3.50

Texas Pacific Land Corp

2023-FY EPS reported $52.77 revenue$631,595,000

Q4 2023 net income $113.1M ($14.73 diluted EPS) vs $99.7M in Q4 2022; revenue $166.7M (up 9.2% YoY).
Record quarterly royalty production of 26.3K Boe/d; full-year production 23.5K Boe/d (up from 21.3K in 2022).
Full-year net income $405.6M, down 9.1% YoY; revenue $631.6M, down $35.8M amid lower average commodity prices.
Quarterly dividend increased to $3.50/share from $3.25; payable March 15, 2024 to holders of record March 1, 2024.
Received $10.1M settlement for underpaid oil & gas royalties; $42.4M in stock repurchases during 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 0.98

Texas Pacific Land Corp reported the three months and year ended December 31, 2023 results: revenue $166.7 million, net income $113.1 million, EPS $14.73 per share (diluted).

Period: the three months and year ended December 31, 2023
Revenue: $166.7 million
Net income: $113.1 million
EPS: $14.73 per share (diluted)
Result: reported results

Exact text from the filing

Net income of $113.1 million, or $14.73 per share (diluted) • Revenues of $166.7 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Texas Pacific Land Corp reported year ended December 31, 2023 results: revenue $631.6 million, net income $405.6 million, EPS $52.77 per share (diluted).

Period: year ended December 31, 2023
Revenue: $631.6 million
Net income: $405.6 million
EPS: $52.77 per share (diluted)
Result: reported results

Exact text from the filing

Net income of $405.6 million, or $52.77 per share (diluted) • Revenues of $631.6 million

View on SEC.gov

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Source: SEC EDGAR

accession 0001811074-24-000013

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