secwatch.observer — SEC 8-K summary
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Issuer:     Texas Pacific Land Corp (TPL)
CIK:        0001811074
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001811074-25-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TPL Q1 2025: record oil/royalty production 31.1 MBoe/d, revenue $196M, net income $120.7M
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- Oil and gas royalty production of 31.1 thousand Boe/d, a Company record, vs 29.1 in Q4 2024 and 24.8 in Q1 2024.
- Water Services and Operations revenue of $69.4M, also a record; total revenue $196.0M vs $185.8M Q4 2024.
- Net income of $120.7M ($5.24 diluted EPS); Adjusted EBITDA $169.4M; Free cash flow $126.6M.
- Quarterly dividend declared $1.60/share, payable June 16, 2025, unchanged from prior quarter.
- Net well permits, DUCs, CUPs total 24.3 net wells (record); net producing wells 90.2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811074/000181107425000058/0001811074-25-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811074/000181107425000058/tpl-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001811074-25-000058

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