secwatch.observer — SEC 8-K summary
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Issuer:     Texas Pacific Land Corp (TPL)
CIK:        0001811074
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001811074-24-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811074/000181107424000058/0001811074-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811074/000181107424000058/tpl-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001811074-24-000058

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