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Texas Pacific Land Corporation - TPL STOCK NEWS

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

Texas Pacific Land Corporation (TPL) is one of the largest landowners in Texas, holding approximately 888,333 acres across eighteen counties. Established in 1888 as a result of the Texas and Pacific Railway Company's reorganization, TPL has evolved to manage and monetize its vast landholdings through various means, including oil and gas royalties, grazing leases, easements, specialty leases, and land sales.

Texas Pacific Land Corporation operates through two primary business segments: Land and Resource Management and Water Services and Operations. The Land and Resource Management segment is dedicated to managing the company's perpetual oil and gas royalty interests, which cover around 459,200 acres, and the surface acres of land. This segment is the main revenue generator for the corporation.

The Water Services and Operations segment provides a comprehensive range of water services to operators, including produced-water treatment, infrastructure development, and disposal solutions. This segment aims to support the increasing demand for water management solutions in the energy sector.

Recently, Texas Pacific Land Corporation has focused on enhancing its revenue streams through strategic partnerships and the development of new projects within its land and resource management and water services segments. The company's financial condition remains robust, supported by its diversified revenue sources and extensive land assets. TPL's continuous efforts in innovation and sustainable land management practices place it as a significant player in the Texas land and resource market.

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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.
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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.
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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.
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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.
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Milestone Carbon leases land from Texas Pacific Land Corporation for carbon sequestration projects in West Texas
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Texas Pacific Land Corporation to release Q3 2023 financial results
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Texas Pacific Land Corporation (TPL) announced its slate of director nominees for election to the Company’s board of directors at the 2023 Annual Meeting. TPL will nominate two new independent directors, Marguerite Woung-Chapman and Robert Roosa, in addition to current director, Murray Stahl. David E. Barry and John R. Norris III will retire from the Board at the 2023 Annual Meeting. TPL has entered into a Cooperation Agreement with Horizon Kinetics and SoftVest.
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FAQ

What is the current stock price of Texas Pacific Land Corporation (TPL)?

The current stock price of Texas Pacific Land Corporation (TPL) is $1066.19 as of October 14, 2024.

What is the market cap of Texas Pacific Land Corporation (TPL)?

The market cap of Texas Pacific Land Corporation (TPL) is approximately 24.5B.

What is Texas Pacific Land Corporation?

Texas Pacific Land Corporation (TPL) is one of the largest landowners in Texas, managing approximately 888,333 acres across eighteen counties.

What are the main business segments of Texas Pacific Land Corporation?

TPL operates through two primary segments: Land and Resource Management and Water Services and Operations.

How does Texas Pacific Land Corporation generate revenue?

TPL generates revenue from oil and gas royalties, grazing leases, easements, specialty leases, land sales, and water services.

When was Texas Pacific Land Corporation established?

TPL was established in 1888 following the reorganization of the Texas and Pacific Railway Company.

What is the Land and Resource Management segment?

This segment focuses on managing TPL’s oil and gas royalty interests and surface acres of land, generating most of the company's revenue.

What does the Water Services and Operations segment do?

This segment provides water services to operators, including produced-water treatment, infrastructure development, and disposal solutions.

How many acres does Texas Pacific Land Corporation own?

TPL owns approximately 888,333 acres of land in Texas.

How much of TPL's land has perpetual oil and gas royalty interests?

TPL has perpetual oil and gas royalty interests in about 459,200 acres.

What is the significance of Texas Pacific Land Corporation in the market?

TPL is a key player in the Texas land and resource market, known for its extensive land assets and diversified revenue streams.

What recent achievements has Texas Pacific Land Corporation attained?

TPL has focused on enhancing revenue through strategic partnerships and new projects within its land and resource management and water services segments.

Texas Pacific Land Corporation

NYSE:TPL

TPL Rankings

TPL Stock Data

24.47B
22.98M
0.82%
67.93%
6.26%
Oil & Gas E&P
Oil Royalty Traders
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United States of America
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