TPL Q3 net income $106.6M; raises quarterly dividend 37% to $1.60/share

Texas Pacific Land Corp

2024-Q3 EPS reported $14.58 revenue$520,039,000

Net income $106.6M ($4.63 diluted EPS); total revenue $173.6M; royalty production 28.3 MBoe/d (record).
Acquired 4,106 net royalty acres in Delaware Basin for $120.3M and 4,120 surface acres in Midland Basin for $45M.
Quarterly cash dividend increased 37% to $1.60/share, payable Dec 16, 2024 to holders of record Dec 2.
Nine-month net income $335.6M ($14.58 diluted EPS); adjusted EBITDA $449.4M; free cash flow $337.3M.
Average realized price $38.04/boe in Q3 vs $41.44/boe in Q2; production up 13.7% sequentially.

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