Welcome to our dedicated page for Texas Pacific Ld news (Ticker: TPL), a resource for investors and traders seeking the latest updates and insights on Texas Pacific Ld stock.
Texas Pacific Land Corporation (TPL) is a land and resource management company whose financial and operating results are closely linked to energy development and related infrastructure in West Texas. News about TPL often centers on its role as one of the largest landowners in the State of Texas, with surface and royalty ownership concentrated in the Permian Basin, and on how that footprint translates into oil and gas royalty revenue, water-related income, and surface access fees.
Investors following TPL news can expect regular coverage of quarterly and annual financial results, including updates on oil and gas royalty production volumes, water sales, produced water royalties, easements and other surface-related income, and segment performance for Land and Resource Management and Water Services and Operations. Earnings releases frequently discuss drilling activity on the company’s royalty acreage, net well permits, drilled but uncompleted wells, completed but not producing wells, and net producing wells, as well as how commodity prices and customer development decisions affect revenue.
Company news also highlights strategic and capital markets developments. Recent announcements have included a dual listing of TPL common stock on NYSE Texas, Inc. while maintaining its primary listing on the New York Stock Exchange, the completion of a revolving credit facility intended to provide liquidity for capital expenditures, working capital, acquisitions, and other purposes, and stock split actions approved through amendments to the company’s certificate of incorporation. Governance-related news, such as proxy access bylaw changes, annual meeting results, and director elections, is reported through proxy materials and Form 8-K filings.
Another important news theme for Texas Pacific Land Corporation is its expansion into new opportunities that build on its land, energy, and water expertise. The company has announced a strategic agreement with Bolt Data & Energy, Inc. to pursue large-scale data center campuses and supporting infrastructure on TPL land, including an equity investment and a right of first refusal to supply water to Bolt-affiliated projects. It has also reported progress on produced water desalination and treatment projects. For investors and observers, the TPL news feed provides ongoing insight into how the company’s land and water assets are being used, how its financial performance is evolving, and how it is approaching growth initiatives. Bookmark this page to access a continuous stream of press releases, earnings updates, and regulatory news related to TPL.
Texas Pacific Land Corporation (NYSE: TPL) will announce its fourth quarter and full year 2022 financial results on
Texas Pacific Land Corporation (NYSE: TPL) has announced the further adjournment of its 2022 annual meeting of stockholders, originally set for February 14, 2023, now rescheduled to May 18, 2023. This decision allows the Delaware Court of Chancery to rule on a dispute regarding voting commitments with Horizon Kinetics and related entities, with a trial scheduled for April 17, 2023. The company advises stockholders not to attend the February meeting, which will be adjourned immediately. The record date remains September 22, 2022, with a revised notice to be sent to stockholders in due course.
Texas Pacific Land Corporation (NYSE: TPL) reported significant financial growth in its Q3 2022 results, with a net income of $129.8 million ($16.83 per share), up 54.9% year-over-year. Total revenues reached $191.1 million, driven by a $51.2 million increase in oil and gas royalties. The company also initiated a stock repurchase program, committing $250 million for future buybacks. Furthermore, TPL declared a quarterly dividend of $3.00 per share, reflecting strong cash flow and operational performance in the Permian Basin.
Texas Pacific Land Corporation (NYSE: TPL) will release its third quarter 2022 financial results after the market closes on November 2, 2022. A conference call for investors will be held on November 3, 2022, at 8:30 a.m. ET. Interested parties can join the call by dialing 1-877-407-4018 domestically or 1-201-689-8471 internationally. A replay will be available until November 17, 2022. As one of Texas's largest landowners with approximately 880,000 acres in the Permian Basin, TPL generates revenue through various land-use agreements.
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Mawson Infrastructure Group (NASDAQ:MIGI) reported strong Q2 2022 financial results with revenue of
Texas Pacific Land Corporation (TPL) reported strong financial results for Q2 2022, with a net income of $118.9 million ($15.37 per share), a substantial increase of 108.4% year-over-year. Revenues reached $176.3 million, driven by a $63.1 million rise in oil and gas royalties. Average realized price per barrel was $70.36, up from $40.83 in Q2 2021. Year-to-date, net income was $216.8 million and dividends amounted to $201.0 million. The company also expanded its ventures into bitcoin mining and carbon sequestration.
Texas Pacific Land Corporation (NYSE: TPL) will announce its financial results for the second quarter of 2022 on August 3, 2022, after market close. A conference call is scheduled for August 4, 2022, at 8:30 a.m. ET. Investors can access the live broadcast via the company's website and participate in the call using designated phone numbers. TPL holds approximately 880,000 acres of land in Texas, primarily in the Permian Basin, generating revenue through various channels related to oil and gas development, land usage fees, and utility easements.
Texas Pacific Land Corporation (NYSE: TPL) has signed a Letter of Intent with Milestone Carbon for evaluating geological characteristics of 21,000 acres in the Permian Basin for CO2 sequestration. Milestone Carbon specializes in carbon capture technology aimed at reducing industrial emissions. This collaboration aligns with TPL's commitment to sustainability and enhancing shareholder value through innovative land use. TPL has been recognized as a top performer in ESG initiatives, ranking #1 in the U.S. Oil and Gas Producers Industry by Sustainalytics.
Texas Pacific Land Corporation (NYSE: TPL) has signed a Letter of Intent with Milestone Carbon for evaluating CO2 sequestration on approximately 21,000 acres in the Permian Basin. This partnership aims to develop carbon capture and sequestration (CCS) projects, enhancing TPL's commitment to sustainability. TPL has been recognized for its Environmental, Social, and Governance (ESG) efforts, ranking #1 in the U.S. and #2 globally among Oil and Gas Producers according to Sustainalytics. This initiative could create value for shareholders while addressing climate change.