secwatch.observer — SEC 8-K summary
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Issuer:     Texas Pacific Land Corp (TPL)
CIK:        0001811074
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001811074-24-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811074/000181107424000013/0001811074-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811074/000181107424000013/tpl-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001811074-24-000013

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