Texas Pacific Ld Stock Price, News & Analysis

Texas Pacific Land Corporation (NYSE: TPL) announced its plans to release first quarter 2023 financial results after market close on May 3, 2023. A conference call will follow the next day at 8:30 a.m. Eastern Time. Investors can access the webcast on the company's website, allowing them to register 15 minutes before the call. The conference call will also have a playback option available until May 18, 2023. Texas Pacific Land is a major landowner in Texas, with approximately 874,000 acres primarily in the Permian Basin. The company does not produce oil and gas but generates revenue through land use agreements, royalty interests, and various utility easements.

Texas Pacific Land Corporation (NYSE: TPL) has secured a long-term agreement with bpx energy, a subsidiary of BP (NYSE: BP), to provide water services and surface access across approximately 270,000 acres in Culberson, Loving, and Reeves Counties, Texas. This partnership will yield dedicated brackish and treated water sales for TPL, while bpx will gain assured access for oil and gas development. The agreement aims to enhance production in the Delaware Basin for bpx and generate increased revenue streams for TPL. Executives from both companies expressed optimism about the strategic alignment and potential growth opportunities.