• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Texas Pacific Land Corporation Announces First Quarter Results

    5/7/25 4:15:00 PM ET
    $TPL
    Oil & Gas Production
    Energy
    Get the next $TPL alert in real time by email

    Earnings Call to be Held Thursday, May 8, 2025 at 9:30 am CT

    Texas Pacific Land Corporation (NYSE:TPL) (the "Company," "TPL," "we," "our" or "us"), one of the largest landowners in the State of Texas with surface and royalty ownership that provide revenue opportunities through the support of energy production, today announced its financial and operating results for the first quarter of 2025.

    First Quarter 2025 Highlights

    • Oil and gas royalty production of 31.1 thousand barrels of oil equivalent ("Boe") per day, a Company record
    • As of March 31, 2025, TPL's royalty acreage had an estimated 5.9 net well permits, 12.9 net drilled but uncompleted wells ("DUCs"), and 5.4 net completed but not producing wells ("CUPs"). Net well permits, DUCs, and CUPs total 24.3 net wells(1), which represents a Company record. TPL had 90.2 net producing wells, and net producing wells added during the quarter had an average lateral length of approximately 8,988 feet.
    • Water Services and Operations segment revenues of $69.4 million, a Company record
    • Consolidated net income of $120.7 million, or $5.24 per share (diluted)
    • Adjusted EBITDA(2) of $169.4 million
    • Free cash flow(2) of $126.6 million
    • Quarterly cash dividend of $1.60 per share was paid on March 17, 2025

    (1)

    Total may not foot due to rounding.

    (2)

    Reconciliations of non-GAAP performance measures are provided in the tables below.

    "Results for the first quarter of 2025 represented an excellent start to the year as the Company set quarterly records for oil and gas royalty production and Water Services and Operations segment revenue," said Tyler Glover, Chief Executive Officer of the Company. "TPL's resilient business model, high-margin cash flows, and fortress balance sheet enhances the Company's ability to weather a potential industry downcycle. Near-term activity levels remain strong around our footprint, but should economic volatility persist, our business retains numerous naturally embedded hedges to mitigate the potential direct impact of lower oil prices. In addition, TPL's exceptional financial profile and strong liquidity with ample cash and no debt also allows us to be opportunistic during periods of uncertainty."

    Financial Results for the First Quarter of 2025 - Sequential

    The Company reported net income of $120.7 million for the first quarter of 2025 compared to net income of $118.4 million for the fourth quarter of 2024.

    Total revenues for the first quarter of 2025 were $196.0 million compared to $185.8 million for the fourth quarter of 2024. The increase in total revenues was primarily due to a $14.3 million increase in oil and gas royalty revenue and a $2.1 million increase in water sales compared to the fourth quarter of 2024. The Company's share of production was 31.1 thousand Boe per day for the first quarter of 2025 versus 29.1 thousand Boe per day for the fourth quarter of 2024, and the average realized price was $41.58 per Boe in the first quarter of 2025 compared to $37.93 per Boe in the fourth quarter of 2024. TPL's revenue streams are directly impacted by commodity prices and development and operating decisions made by its customers.

    Total operating expenses were $45.9 million for the first quarter of 2025 compared to $43.2 million for the fourth quarter of 2024. The increase in operating expenses was principally related to a $1.8 million increase in water service-related expenses during the first quarter of 2025 compared to the fourth quarter of 2024.

    Financial Results for the First Quarter of 2025 - Year Over Year

    Total revenues for the first quarter of 2025 were $196.0 million compared to $174.1 million for the first quarter of 2024. The increase in total revenues was primarily due to a $19.1 million increase in oil and gas royalty revenue and a $4.7 million increase in produced water royalties. The Company's share of production was 31.1 thousand Boe per day for the first quarter of 2025 versus 24.8 thousand Boe per day for the first quarter of 2024, and the average realized price was $41.58 per Boe for the first quarter of 2025 versus $42.71 per Boe for the first quarter of 2024. Produced water royalties increased principally due to an increase in produced water volumes. TPL's revenue streams are directly impacted by commodity prices and development and operating decisions made by its customers.

    Total operating expenses were $45.9 million for the first quarter of 2025 compared to $38.1 million for the first quarter of 2024. The increase in operating expenses was principally related to a $6.8 million increase in depletion expense associated with oil and gas royalty interests acquired during the second half of 2024.

    Quarterly Dividend Declared

    On May 6, 2025, the Company's Board of Directors declared a quarterly cash dividend of $1.60 per share, payable on June 16, 2025 to stockholders of record at the close of business on June 2, 2025.

    Conference Call and Webcast Information

    The Company will hold a conference call on Thursday, May 8, 2025 at 9:30 a.m. Central Time to discuss first quarter results. A live webcast of the conference call will be available on the Investors section of the Company's website at www.TexasPacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.

    The conference call can also be accessed by dialing 1-877-407-4018 or 1-201-689-8471. The telephone replay can be accessed by dialing 1-844-512-2921 or 1-412-317-6671 and providing the conference ID# 13753234. The telephone replay will be available starting shortly after the call through May 22, 2025.

    About Texas Pacific Land Corporation

    Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 873,000 acres of land, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership provide revenue opportunities throughout the life cycle of a well. These revenue opportunities include fixed fee payments for use of the Company's land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and/or treated produced water, revenue from the Company's oil and gas royalty interests, and revenue related to saltwater disposal on the Company's land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases and temporary permits principally related to a variety of land uses including, but not limited to, midstream infrastructure projects and hydrocarbon processing facilities.

    Visit TPL at www.TexasPacific.com.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements in this news release are, and certain statements made on the related conference call may be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on TPL's beliefs, as well as assumptions made by, and information currently available to, TPL, and therefore involve risks and uncertainties that are difficult to predict. Generally, future or conditional verbs such as "will," "would," "should," "could," or "may" and the words "believe," "anticipate," "continue," "intend," "expect" and similar expressions or the negative of such terms identify forward-looking statements. Forward-looking statements include, but are not limited to, references to strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects; statements regarding the anticipated benefits of recent acquisitions; and other statements that are not historical facts. You should not place undue reliance on forward-looking statements. Although TPL believes that plans, intentions and expectations reflected in or suggested by any forward-looking statements made herein are reasonable, TPL may be unable to achieve such plans, intentions or expectations and actual results, and performance or achievements may differ materially from those set forth in the forward-looking statements due to a number of factors, including, but not limited to: the initiation or outcome of potential litigation; any changes in general economic and/or industry specific conditions; and the other risks discussed in TPL's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. You can access TPL's filings with the Securities and Exchange Commission ("SEC") through the SEC's website at www.sec.gov and TPL strongly encourages you to do so. These forward-looking statements are based only on information available to TPL and speak only as of the date hereof. Except as required by applicable law, TPL undertakes no obligation to update any forward-looking statements or other statements herein for revisions or changes after this communication is made.

    FINANCIAL AND OPERATIONAL RESULTS

    (unaudited)

     

     

     

    Three Months Ended

     

     

    March 31,

    2025

     

    December 31,

    2024

     

    March 31,

    2024

    Company's share of production volumes (1):

     

     

     

     

     

     

    Oil (MBbls)

     

     

    1,123

     

     

    1,115

     

     

    990

    Natural gas (MMcf)

     

     

    5,230

     

     

    4,763

     

     

    3,806

    NGL (MBbls)

     

     

    807

     

     

    768

     

     

    633

    Equivalents (MBoe)

     

     

    2,801

     

     

    2,676

     

     

    2,258

    Equivalents per day (MBoe/d)

     

     

    31.1

     

     

    29.1

     

     

    24.8

     

     

     

     

     

     

     

    Oil and gas royalty revenue (in thousands):

     

     

     

     

     

     

    Oil royalties

     

    $

    76,179

     

    $

    75,286

     

    $

    72,614

    Natural gas royalties

     

     

    17,561

     

     

    4,882

     

     

    7,062

    NGL royalties

     

     

    17,505

     

     

    16,786

     

     

    12,444

    Total oil and gas royalties

     

    $

    111,245

     

    $

    96,954

     

    $

    92,120

     

     

     

     

     

     

     

    Realized prices (1):

     

     

     

     

     

     

    Oil ($/Bbl)

     

    $

    71.05

     

    $

    70.73

     

    $

    76.77

    Natural gas ($/Mcf)

     

    $

    3.63

     

    $

    1.11

     

    $

    2.01

    NGL ($/Bbl)

     

    $

    23.46

     

    $

    23.63

     

    $

    21.24

    Equivalents ($/Boe)

     

    $

    41.58

     

    $

    37.93

     

    $

    42.71

    _____________________________
     

    (1)

     

    Term

     

    Definition

     

     

     

    Bbl

     

    One stock tank barrel of 42 U.S. gallons liquid volume used herein in reference to crude oil, condensate or NGL.

     

     

     

    MBbls

     

    One thousand barrels of crude oil, condensate or NGL.

     

     

     

    MBoe

     

    One thousand Boe.

     

     

     

    MBoe/d

     

    One thousand Boe per day.

     

     

     

    Mcf

     

    One thousand cubic feet of natural gas.

     

     

     

    MMcf

     

    One million cubic feet of natural gas.

     

     

     

    NGL

     

    Natural gas liquids. Hydrocarbons found in natural gas that may be extracted as liquefied petroleum gas and natural gasoline.

    CONDENSED CONSOLIDATED STATEMENTS OF INCOME

    (in thousands, except share and per share amounts) (unaudited)

     

     

     

    Three Months Ended

     

     

    March 31,

    2025

     

    December 31,

    2024

     

    March 31,

    2024

    Revenues:

     

     

     

     

     

     

    Oil and gas royalties

     

    $

    111,245

     

    $

    96,954

     

    $

    92,120

    Water sales

     

     

    38,813

     

     

    36,737

     

     

    37,126

    Produced water royalties

     

     

    27,700

     

     

    28,089

     

     

    23,006

    Easements and other surface-related income

     

     

    18,225

     

     

    21,761

     

     

    20,646

    Land sales

     

     

    —

     

     

    2,243

     

     

    1,244

    Total revenues

     

     

    195,983

     

     

    185,784

     

     

    174,142

     

     

     

     

     

     

     

    Expenses:

     

     

     

     

     

     

    Salaries and related employee expenses

     

     

    14,572

     

     

    14,359

     

     

    12,461

    Water service-related expenses

     

     

    11,126

     

     

    9,357

     

     

    10,212

    General and administrative expenses

     

     

    6,072

     

     

    6,752

     

     

    9,231

    Depreciation, depletion and amortization

     

     

    11,941

     

     

    11,467

     

     

    3,840

    Ad valorem and other taxes

     

     

    2,199

     

     

    1,305

     

     

    2,357

    Total operating expenses

     

     

    45,910

     

     

    43,240

     

     

    38,101

     

     

     

     

     

     

     

    Operating income

     

     

    150,073

     

     

    142,544

     

     

    136,041

     

     

     

     

     

     

     

    Other income, net

     

     

    4,321

     

     

    8,434

     

     

    9,943

    Income before income taxes

     

     

    154,394

     

     

    150,978

     

     

    145,984

    Income tax expense

     

     

    33,742

     

     

    32,618

     

     

    31,567

    Net income

     

    $

    120,652

     

    $

    118,360

     

    $

    114,417

     

     

     

     

     

     

     

    Net income per share of common stock

     

     

     

     

     

     

    Basic

     

    $

    5.25

     

    $

    5.15

     

    $

    4.97

    Diluted

     

    $

    5.24

     

    $

    5.14

     

    $

    4.97

     

     

     

     

     

     

     

    Weighted average number of shares of common stock outstanding

     

     

     

     

     

     

    Basic

     

     

    22,980,695

     

     

    22,974,238

     

     

    23,003,001

    Diluted

     

     

    23,005,847

     

     

    23,015,530

     

     

    23,020,249

    SEGMENT OPERATING RESULTS

    (dollars in thousands) (unaudited)

     

     

     

    Three Months Ended

     

     

    March 31,

    2025

     

    December 31,

    2024

     

     

    Land and

    Resource

    Management

     

    Water

    Services and

    Operations

     

    Consolidated

     

    Land and

    Resource

    Management

     

    Water

    Services and

    Operations

     

    Consolidated

    Revenues:

     

     

     

     

     

     

     

     

     

     

     

     

    Oil and gas royalties

     

    $

    111,245

     

    $

    —

     

    $

    111,245

     

    $

    96,954

     

    $

    —

     

    $

    96,954

    Water sales

     

     

    —

     

     

    38,813

     

     

    38,813

     

     

    —

     

     

    36,737

     

     

    36,737

    Produced water royalties

     

     

    —

     

     

    27,700

     

     

    27,700

     

     

    —

     

     

    28,089

     

     

    28,089

    Easements and other surface-related income

     

     

    15,336

     

     

    2,889

     

     

    18,225

     

     

    19,431

     

     

    2,330

     

     

    21,761

    Land sales

     

     

    —

     

     

    —

     

     

    —

     

     

    2,243

     

     

    —

     

     

    2,243

    Total revenues

     

     

    126,581

     

     

    69,402

     

     

    195,983

     

     

    118,628

     

     

    67,156

     

     

    185,784

     

     

     

     

     

     

     

     

     

     

     

     

     

    Expenses:

     

     

     

     

     

     

     

     

     

     

     

     

    Salaries and related employee expenses

     

     

    7,404

     

     

    7,168

     

     

    14,572

     

     

    7,366

     

     

    6,993

     

     

    14,359

    Water service-related expenses

     

     

    —

     

     

    11,126

     

     

    11,126

     

     

    —

     

     

    9,357

     

     

    9,357

    General and administrative expenses

     

     

    3,313

     

     

    2,759

     

     

    6,072

     

     

    4,509

     

     

    2,243

     

     

    6,752

    Depreciation, depletion and amortization

     

     

    7,689

     

     

    4,252

     

     

    11,941

     

     

    7,327

     

     

    4,140

     

     

    11,467

    Ad valorem and other taxes

     

     

    2,189

     

     

    10

     

     

    2,199

     

     

    1,269

     

     

    36

     

     

    1,305

    Total operating expenses

     

     

    20,595

     

     

    25,315

     

     

    45,910

     

     

    20,471

     

     

    22,769

     

     

    43,240

     

     

     

     

     

     

     

     

     

     

     

     

     

    Operating income

     

     

    105,986

     

     

    44,087

     

     

    150,073

     

     

    98,157

     

     

    44,387

     

     

    142,544

     

     

     

     

     

     

     

     

     

     

     

     

     

    Other income, net

     

     

    3,416

     

     

    905

     

     

    4,321

     

     

    6,317

     

     

    2,117

     

     

    8,434

    Income before income taxes

     

     

    109,402

     

     

    44,992

     

     

    154,394

     

     

    104,474

     

     

    46,504

     

     

    150,978

    Income tax expense

     

     

    23,858

     

     

    9,884

     

     

    33,742

     

     

    22,543

     

     

    10,075

     

     

    32,618

    Net income

     

    $

    85,544

     

    $

    35,108

     

    $

    120,652

     

    $

    81,931

     

    $

    36,429

     

    $

    118,360

    SEGMENT OPERATING RESULTS (Continued)

    (dollars in thousands) (unaudited)

     

     

     

    Three Months Ended

     

     

    March 31,

    2025

     

    March 31,

    2024

     

     

    Land and

    Resource

    Management

     

    Water

    Services and

    Operations

     

    Consolidated

     

    Land and

    Resource

    Management

     

    Water

    Services and

    Operations

     

    Consolidated

    Revenues:

     

     

     

     

     

     

     

     

     

     

     

     

    Oil and gas royalties

     

    $

    111,245

     

    $

    —

     

    $

    111,245

     

    $

    92,120

     

    $

    —

     

    $

    92,120

    Water sales

     

     

    —

     

     

    38,813

     

     

    38,813

     

     

    —

     

     

    37,126

     

     

    37,126

    Produced water royalties

     

     

    —

     

     

    27,700

     

     

    27,700

     

     

    —

     

     

    23,006

     

     

    23,006

    Easements and other surface-related income

     

     

    15,336

     

     

    2,889

     

     

    18,225

     

     

    18,121

     

     

    2,525

     

     

    20,646

    Land sales

     

     

    —

     

     

    —

     

     

    —

     

     

    1,244

     

     

    —

     

     

    1,244

    Total revenues

     

     

    126,581

     

     

    69,402

     

     

    195,983

     

     

    111,485

     

     

    62,657

     

     

    174,142

     

     

     

     

     

     

     

     

     

     

     

     

     

    Expenses:

     

     

     

     

     

     

     

     

     

     

     

     

    Salaries and related employee expenses

     

     

    7,404

     

     

    7,168

     

     

    14,572

     

     

    6,465

     

     

    5,996

     

     

    12,461

    Water service-related expenses

     

     

    —

     

     

    11,126

     

     

    11,126

     

     

    —

     

     

    10,212

     

     

    10,212

    General and administrative expenses

     

     

    3,313

     

     

    2,759

     

     

    6,072

     

     

    6,674

     

     

    2,557

     

     

    9,231

    Depreciation, depletion and amortization

     

     

    7,689

     

     

    4,252

     

     

    11,941

     

     

    693

     

     

    3,147

     

     

    3,840

    Ad valorem and other taxes

     

     

    2,189

     

     

    10

     

     

    2,199

     

     

    2,356

     

     

    1

     

     

    2,357

    Total operating expenses

     

     

    20,595

     

     

    25,315

     

     

    45,910

     

     

    16,188

     

     

    21,913

     

     

    38,101

     

     

     

     

     

     

     

     

     

     

     

     

     

    Operating income

     

     

    105,986

     

     

    44,087

     

     

    150,073

     

     

    95,297

     

     

    40,744

     

     

    136,041

     

     

     

     

     

     

     

     

     

     

     

     

     

    Other income, net

     

     

    3,416

     

     

    905

     

     

    4,321

     

     

    7,930

     

     

    2,013

     

     

    9,943

    Income before income taxes

     

     

    109,402

     

     

    44,992

     

     

    154,394

     

     

    103,227

     

     

    42,757

     

     

    145,984

    Income tax expense

     

     

    23,858

     

     

    9,884

     

     

    33,742

     

     

    22,256

     

     

    9,311

     

     

    31,567

    Net income

     

    $

    85,544

     

    $

    35,108

     

    $

    120,652

     

    $

    80,971

     

    $

    33,446

     

    $

    114,417

    NON-GAAP PERFORMANCE MEASURES AND DEFINITIONS

    In addition to amounts presented in accordance with generally accepted accounting principles in the United States of America ("GAAP"), we also present certain supplemental non-GAAP performance measures. These measures are not to be considered more relevant or accurate than the measures presented in accordance with GAAP. In compliance with the requirements of the SEC, our non-GAAP measures are reconciled to net income, the most directly comparable GAAP performance measure. For all non-GAAP measures, neither the SEC nor any other regulatory body has passed judgment on these non-GAAP measures.

    EBITDA, Adjusted EBITDA and Free Cash Flow

    EBITDA is a non-GAAP financial measure of earnings before interest expense, taxes, depreciation, depletion and amortization. The purpose of presenting EBITDA is to highlight earnings without finance, taxes, and depreciation, depletion and amortization expense, and its use is limited to specialized analysis. We calculate Adjusted EBITDA as EBITDA plus employee share-based compensation and less pension curtailment and settlement gain. The pension curtailment and settlement gain is related to a buyout by a third party of defined benefit obligations under our pension plan and the subsequent freezing of our pension plan, both of which occurred in the fourth quarter of 2024. We have excluded the pension curtailment and settlement gain from the calculation of Adjusted EBITDA as such gain is a non-recurring item and is not related to our core business. The purpose of presenting Adjusted EBITDA is to highlight earnings without non-cash activity such as share-based compensation and other non-recurring or unusual items, if applicable. We calculate free cash flow as Adjusted EBITDA less current income tax expense and capital expenditures. The purpose of presenting free cash flow is to provide an additional measure of operating performance. We have presented EBITDA, Adjusted EBITDA and free cash flow because we believe that these metrics are useful supplements to net income in analyzing the Company's operating performance. Our definitions of EBITDA, Adjusted EBITDA and free cash flow may differ from computations of similarly titled measures of other companies.

    The following table presents a reconciliation of EBITDA, Adjusted EBITDA and free cash flow to net income for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024 (in thousands):

     

     

    Three Months Ended

     

     

    March 31,

    2025

     

    December 31,

    2024

     

    March 31,

    2024

    Net income

     

    $

    120,652

     

     

    $

    118,360

     

     

    $

    114,417

     

    Add:

     

     

     

     

     

     

    Income tax expense

     

     

    33,742

     

     

     

    32,618

     

     

     

    31,567

     

    Depreciation, depletion and amortization

     

     

    11,941

     

     

     

    11,467

     

     

     

    3,840

     

    EBITDA

     

     

    166,335

     

     

     

    162,445

     

     

     

    149,824

     

    Add (deduct):

     

     

     

     

     

     

    Employee share-based compensation

     

     

    3,083

     

     

     

    3,509

     

     

     

    2,220

     

    Pension curtailment and settlement gain

     

     

    —

     

     

     

    (4,616

    )

     

     

    —

     

    Adjusted EBITDA

     

     

    169,418

     

     

     

    161,338

     

     

     

    152,044

     

    Deduct:

     

     

     

     

     

     

    Current income tax expense

     

     

    (32,954

    )

     

     

    (30,177

    )

     

     

    (31,898

    )

    Capital expenditures

     

     

    (9,908

    )

     

     

    (7,429

    )

     

     

    (5,662

    )

    Free cash flow

     

    $

    126,556

     

     

    $

    123,732

     

     

    $

    114,484

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250507740663/en/

    Investor Relations

    [email protected]

    Get the next $TPL alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $TPL

    DatePrice TargetRatingAnalyst
    9/29/2021$800.00Underperform
    Credit Suisse
    More analyst ratings

    $TPL
    SEC Filings

    See more
    • SEC Form 10-Q filed by Texas Pacific Land Corporation

      10-Q - Texas Pacific Land Corp (0001811074) (Filer)

      5/7/25 4:18:15 PM ET
      $TPL
      Oil & Gas Production
      Energy
    • Texas Pacific Land Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Texas Pacific Land Corp (0001811074) (Filer)

      5/7/25 4:16:38 PM ET
      $TPL
      Oil & Gas Production
      Energy
    • SEC Form 144 filed by Texas Pacific Land Corporation

      144 - Texas Pacific Land Corp (0001811074) (Subject)

      2/25/25 9:08:10 PM ET
      $TPL
      Oil & Gas Production
      Energy

    $TPL
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Texas Pacific Land Corporation

      SC 13G/A - Texas Pacific Land Corp (0001811074) (Subject)

      12/6/24 10:11:20 AM ET
      $TPL
      Oil & Gas Production
      Energy
    • SEC Form SC 13D/A filed by Texas Pacific Land Corporation (Amendment)

      SC 13D/A - Texas Pacific Land Corp (0001811074) (Subject)

      2/28/24 3:44:03 PM ET
      $TPL
      Oil & Gas Production
      Energy
    • SEC Form SC 13G/A filed by Texas Pacific Land Corporation (Amendment)

      SC 13G/A - Texas Pacific Land Corp (0001811074) (Subject)

      2/13/24 5:15:54 PM ET
      $TPL
      Oil & Gas Production
      Energy

    $TPL
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Stahl Murray bought $10,931 worth of shares (10 units at $1,093.08), increasing direct ownership by 0.04% to 8,139 units (SEC Form 4)

      4 - Texas Pacific Land Corp (0001811074) (Issuer)

      5/9/25 11:22:51 AM ET
      $TPL
      Oil & Gas Production
      Energy
    • Director Stahl Murray bought $13,254 worth of shares (10 units at $1,325.41), increasing direct ownership by 0.04% to 8,136 units (SEC Form 4)

      4 - Texas Pacific Land Corp (0001811074) (Issuer)

      5/8/25 2:05:15 PM ET
      $TPL
      Oil & Gas Production
      Energy
    • Director Stahl Murray bought $13,265 worth of shares (10 units at $1,326.53), increasing direct ownership by 0.04% to 8,133 units (SEC Form 4)

      4 - Texas Pacific Land Corp (0001811074) (Issuer)

      5/7/25 11:36:05 AM ET
      $TPL
      Oil & Gas Production
      Energy

    $TPL
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Texas Pacific Land Corporation Announces First Quarter Results

      Earnings Call to be Held Thursday, May 8, 2025 at 9:30 am CT Texas Pacific Land Corporation (NYSE:TPL) (the "Company," "TPL," "we," "our" or "us"), one of the largest landowners in the State of Texas with surface and royalty ownership that provide revenue opportunities through the support of energy production, today announced its financial and operating results for the first quarter of 2025. First Quarter 2025 Highlights Oil and gas royalty production of 31.1 thousand barrels of oil equivalent ("Boe") per day, a Company record As of March 31, 2025, TPL's royalty acreage had an estimated 5.9 net well permits, 12.9 net drilled but uncompleted wells ("DUCs"), and 5.4 net completed but no

      5/7/25 4:15:00 PM ET
      $TPL
      Oil & Gas Production
      Energy
    • Texas Pacific Land Corporation Sets Dates for First Quarter 2025 Earnings Release and Conference Call

      Texas Pacific Land Corporation (NYSE:TPL) (the "Company") announced today that the Company will release first quarter 2025 financial results after the market closes on Wednesday, May 7, 2025. A conference call will be held on Thursday, May 8, 2025 at 10:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least 15 minutes prior to start time: Domestic: 1-877-407-401

      4/15/25 4:15:00 PM ET
      $TPL
      Oil & Gas Production
      Energy
    • Texas Pacific Land Corporation Announces Fourth Quarter and Full Year 2024 Results

      – Achieved Record Annual Performance From Water Segment – Earnings Call to be Held Thursday, February 20, 2025 at 7:30 am CT Texas Pacific Land Corporation (NYSE:TPL) (the "Company," "TPL," "we," "our" or "us"), one of the largest landowners in the State of Texas with surface and royalty ownership that provide revenue opportunities through the support of energy production and extraction, today announced its financial and operating results for the fourth quarter and full year of 2024. Fourth Quarter 2024 Highlights Acquired mineral interests across 7,490 net royalty acres located primarily in the Midland Basin for a purchase price of $275.2 million, net of post-close adjustments, in an

      2/19/25 4:15:00 PM ET
      $TPL
      Oil & Gas Production
      Energy

    $TPL
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Stahl Murray bought $10,931 worth of shares (10 units at $1,093.08), increasing direct ownership by 0.04% to 8,139 units (SEC Form 4)

      4 - Texas Pacific Land Corp (0001811074) (Issuer)

      5/9/25 11:22:51 AM ET
      $TPL
      Oil & Gas Production
      Energy
    • Director Stahl Murray bought $13,254 worth of shares (10 units at $1,325.41), increasing direct ownership by 0.04% to 8,136 units (SEC Form 4)

      4 - Texas Pacific Land Corp (0001811074) (Issuer)

      5/8/25 2:05:15 PM ET
      $TPL
      Oil & Gas Production
      Energy
    • Director Stahl Murray bought $13,265 worth of shares (10 units at $1,326.53), increasing direct ownership by 0.04% to 8,133 units (SEC Form 4)

      4 - Texas Pacific Land Corp (0001811074) (Issuer)

      5/7/25 11:36:05 AM ET
      $TPL
      Oil & Gas Production
      Energy

    $TPL
    Financials

    Live finance-specific insights

    See more
    • Texas Pacific Land Corporation Announces First Quarter Results

      Earnings Call to be Held Thursday, May 8, 2025 at 9:30 am CT Texas Pacific Land Corporation (NYSE:TPL) (the "Company," "TPL," "we," "our" or "us"), one of the largest landowners in the State of Texas with surface and royalty ownership that provide revenue opportunities through the support of energy production, today announced its financial and operating results for the first quarter of 2025. First Quarter 2025 Highlights Oil and gas royalty production of 31.1 thousand barrels of oil equivalent ("Boe") per day, a Company record As of March 31, 2025, TPL's royalty acreage had an estimated 5.9 net well permits, 12.9 net drilled but uncompleted wells ("DUCs"), and 5.4 net completed but no

      5/7/25 4:15:00 PM ET
      $TPL
      Oil & Gas Production
      Energy
    • Texas Pacific Land Corporation Sets Dates for First Quarter 2025 Earnings Release and Conference Call

      Texas Pacific Land Corporation (NYSE:TPL) (the "Company") announced today that the Company will release first quarter 2025 financial results after the market closes on Wednesday, May 7, 2025. A conference call will be held on Thursday, May 8, 2025 at 10:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least 15 minutes prior to start time: Domestic: 1-877-407-401

      4/15/25 4:15:00 PM ET
      $TPL
      Oil & Gas Production
      Energy
    • Texas Pacific Land Corporation Announces Fourth Quarter and Full Year 2024 Results

      – Achieved Record Annual Performance From Water Segment – Earnings Call to be Held Thursday, February 20, 2025 at 7:30 am CT Texas Pacific Land Corporation (NYSE:TPL) (the "Company," "TPL," "we," "our" or "us"), one of the largest landowners in the State of Texas with surface and royalty ownership that provide revenue opportunities through the support of energy production and extraction, today announced its financial and operating results for the fourth quarter and full year of 2024. Fourth Quarter 2024 Highlights Acquired mineral interests across 7,490 net royalty acres located primarily in the Midland Basin for a purchase price of $275.2 million, net of post-close adjustments, in an

      2/19/25 4:15:00 PM ET
      $TPL
      Oil & Gas Production
      Energy

    $TPL
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Credit Suisse initiated coverage on Texas Pacific Land with a new price target

      Credit Suisse initiated coverage of Texas Pacific Land with a rating of Underperform and set a new price target of $800.00

      9/29/21 6:08:43 AM ET
      $TPL
      Oil & Gas Production
      Energy
    • BWS Financial reiterated coverage on Texas Pacific Land with a new price target

      BWS Financial reiterated coverage of Texas Pacific Land with a rating of Buy and set a new price target of $2,000.00 from $1,700.00 previously

      5/10/21 9:30:04 AM ET
      $TPL
      Oil & Gas Production
      Energy
    • Texas Pacific Land downgraded by Stifel with a new price target

      Stifel downgraded Texas Pacific Land from Buy to Hold and set a new price target of $1,359.00

      4/1/21 6:45:25 AM ET
      $TPL
      Oil & Gas Production
      Energy

    $TPL
    Leadership Updates

    Live Leadership Updates

    See more
    • Texas Pacific Land Set to Join S&P 500, Mueller Industries to Join S&P MidCap 400 and Atlas Energy Solutions to Join S&P SmallCap 600

      NEW YORK, Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE:TPL) will replace Marathon Oil Corp. (NYSE:MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE:MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE:AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE:COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions. Texas Pacific Land and Mueller Industries have company level market capitalizations that are more r

      11/21/24 6:23:00 PM ET
      $AESI
      $COP
      $MLI
      $MRO
      Mining & Quarrying of Nonmetallic Minerals (No Fuels)
      Industrials
      Integrated oil Companies
      Energy
    • KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

      NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S

      6/7/24 6:09:00 PM ET
      $ADTN
      $ALTR
      $ATNI
      $BMRN
      Telecommunications Equipment
      Utilities
      Computer Software: Prepackaged Software
      Technology
    • Texas Pacific Land Corporation Announces New Director Appointments and Provides an Update on the Evaluation of the Declassification Process

      Texas Pacific Land Corporation (NYSE:TPL) ("TPL" or the "Company") today announced the appointment of two new members to TPL's board of directors (the "Board") and provided an update on the evaluation of the declassification of the Board. Appointment of new Directors to the Board The Board has appointed Rhys J. Best and Karl F. Kurz as directors, effective April 15, 2022. In connection with these appointments, the Board increased its size to ten (10) directors. Each of Mr. Kurz, who will serve the remainder of the board term vacated by Dana McGinnis in March, and Mr. Best, who will stand for re-election at the 2022 annual meeting of stockholders, each will bring decades of corporate leade

      4/19/22 4:15:00 PM ET
      $AWK
      $CTRA
      $TPL
      $X
      Water Supply
      Utilities
      Oil & Gas Production
      Energy