TPL Q4 record royalty production 29.1K Boe/d; net income $118.4M, EPS $5.14

Texas Pacific Land Corp

2024-FY EPS reported $19.72 revenue$705,823,000

Full-year net income $454.0M ($19.72/diluted); revenues $705.8M, up 11.7%.
Water segment records: sales $150.7M, produced water royalties $104.1M, net income $139.1M.
Acquired mineral interests for $395.5M cash in 2024, adding ~11,600 net royalty acres.
Quarterly dividend $1.60 payable Mar 17, 2025; total 2024 dividends $347.3M.
Q4 Adj. EBITDA $161.3M; free cash flow $123.7M; full-year free cash flow $461.1M.

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