TPL Q1 net income $114.4M, EPS $4.97; record water revenue $62.7M; desalination pilot

Texas Pacific Land Corp

2024-Q1 EPS reported $4.97 revenue$174,142,000

Net income $114.4M ($4.97 diluted EPS) on revenue $174.1M; record water segment revenue $62.7M.
Adjusted EBITDA $152.0M, free cash flow $114.5M; $10.3M stock repurchases in Q1.
Quarterly dividend $1.17/share declared, payable June 17, 2024 (unchanged).
New produced water desalination technology pilot successful; moving to 10,000 bbl/d test facility.
Royalty production 24.8 MBoe/d (down from 26.3 in Q4, up from 20.9 YoY).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Texas Pacific Land Corp reported first quarter of 2024 results: revenue $174.1 million, net income $114.4 million, EPS $4.97 per share (diluted).

Period: first quarter of 2024
Revenue: $174.1 million
Net income: $114.4 million
EPS: $4.97 per share (diluted)
Result: reported results

Exact text from the filing

of 10,000 barrels of produced water per day. • Three-for-one stock split effective March 26, 2024 • Net income of $114.4 million, or $4.97 per share (diluted) • Revenues of $174.1 million, including record water segment revenues of $62.7 million • Adjusted EBITDA (1) of $152.0 million • Free cash flow (1) of $114.5 million • Royalty production of 24.8 thousand

View on SEC.gov

Browse all earnings releases →

Texas Pacific Land Corp filing history →

Source: SEC EDGAR

accession 0001811074-24-000029

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.