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Texas Pacific Land Corporation - TPL STOCK NEWS

Welcome to our dedicated news page for Texas Pacific Land Corporation (Ticker: TPL), a resource for investors and traders seeking the latest updates and insights on Texas Pacific Land Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Texas Pacific Land Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Texas Pacific Land Corporation's position in the market.

News
Texas Pacific Land Corporation Sets Dates for First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Texas Pacific Land (NYSE: TPL) has set the dates for its first quarter 2024 earnings release and conference call. The financial results will be released on May 8, 2024, after the market closes, with a conference call scheduled for May 9, 2024, at 8:30 a.m. Eastern Time. Investors can access a webcast of the call on the company's website. Participants can also join the call via telephone by dialing the provided numbers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
Tags
earnings
-
News
Texas Pacific Land Corporation Announces Three-for-One Stock Split
Rhea-AI Summary
Texas Pacific Land Corporation (NYSE: TPL) announced a three-for-one stock split approved by the Board of Directors. Stockholders as of March 18, 2024, will receive two additional shares for each share held. Trading on a split-adjusted basis will commence on March 27, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.74%
Tags
stock split
-
News
Delaware Supreme Court Affirms Ruling in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders’ Agreement
Rhea-AI Summary
Texas Pacific Land Corporation (NYSE: TPL) receives a favorable ruling from the Delaware Supreme Court in a litigation case with Horizon Kinetics LLC and others regarding a stockholders' agreement. The Supreme Court affirmed the Court of Chancery's decision in favor of TPL, stating that the Investor Group should have voted with the Board's recommendation on a proposal to increase the number of authorized shares of common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
none
News
Texas Pacific Land Corporation Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Texas Pacific Land Corporation (NYSE: TPL) reported strong financial and operating results for the fourth quarter and full year of 2023. Highlights include net income of $113.1 million for Q4, revenues of $166.7 million, and royalty production of 26.3 thousand barrels of oil equivalent per day. For the full year, net income was $405.6 million, revenues were $631.6 million, and royalty production was 23.5 thousand barrels of oil equivalent per day. The company also announced a quarterly cash dividend of $3.25 per share for Q4 and $3.50 per share for the upcoming quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
Tags
earnings
-
News
Texas Pacific Land Corporation Sets Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
Texas Pacific Land Corporation (NYSE: TPL) will release its fourth quarter and full year 2023 financial results on February 21, 2024, followed by a conference call on February 22, 2024. The webcast and call details are available on the Investors section of the Company’s website at www.texaspacific.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
earnings
-
News
Delaware Court of Chancery Rules in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders’ Agreement
Rhea-AI Summary
Texas Pacific Land Corporation (NYSE: TPL) has received a favorable ruling from the Delaware Court of Chancery in a litigation against the Investor Group regarding the Share Authorization Proposal. The Court has ruled that the Investor Group should have voted with the Board's recommendation on the proposal, and their shares have been deemed approved. The Company intends to use the newly authorized shares for a stock split in the form of a stock dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.54%
Tags
none
News
Texas Pacific Land Corporation Announces Third Quarter 2023 Results
Rhea-AI Summary
Texas Pacific Land Corporation (TPL) reported net income of $105.6 million and revenues of $158.0 million for Q3 2023. The company also announced a quarterly cash dividend of $3.25 per share. TPL's royalty acreage had 6.7 net well permits, 7.9 net drilled but uncompleted wells, 5.2 net completed wells, and 62.8 net producing wells as of September 30, 2023. For the nine months ended September 30, 2023, TPL had net income of $292.5 million and revenues of $464.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.44%
Tags
earnings
-
News
Milestone Carbon Announces Land Agreement for Carbon Hub Development in the Permian Basin
Rhea-AI Summary
Milestone Carbon leases land from Texas Pacific Land Corporation for carbon sequestration projects in West Texas
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
-
News
Texas Pacific Land Corporation Sets Dates for Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Texas Pacific Land Corporation to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
earnings
News
Texas Pacific Land Corporation Announces Second Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.96%
Tags
earnings
Stock TPL logo
Texas Pacific Land Corporation

NYSE:TPL

TPL Rankings

#660 Ranked by Market Cap
#3393 Ranked by Stock Gains
#1295 Ranked by Dividends

TPL Stock Data

13.93B
19.15M
0.82%
68.72%
3.07%
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
Real Estate and Rental and Leasing
Link
US
Dallas

About TPL

texas pacific land trust was created in 1888 as a result of a reorganization of the texas and pacific railway company following receivership. holders of texas and pacific railway company bonds received 3.5 million acres of land in texas which had been earned by the railroad and pledged as security against bonds. the bondholders created the trust and converted bonds to shares of proprietary interest in the trust. the trust was created to manage and sell the land. today the trust is one of the largest landowners in texas with around 888,333 acres located in eighteen different counties. texas pacific land trust derives revenue from all avenues of managing the land, i.e. oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales. the trust has a perpetual oil and gas royalty interest in some 459,200 acres.