STOCK TITAN

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.

Rhea-AI Summary

Texas Pacific Land Corporation (NYSE: TPL) announced a stock repurchase program to buy back up to $100 million of its outstanding common stock. The purchases may occur through open market repurchases, negotiated transactions, or other methods as deemed appropriate. The program will conclude on December 31, 2022, unless modified or terminated earlier by the board. This initiative aims to enhance shareholder value by utilizing available capital for share repurchases.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.19%
Tags
buyback
-
Rhea-AI Summary

Texas Pacific Land Corporation (TPL) reported strong financial results for Q4 and the full year 2021, with a net income of $79.0 million ($10.21 per share) in Q4 and $270.0 million ($34.83 per share) for the year. Revenues surged to $147.2 million in Q4 and $451.0 million for 2021, driven by increased oil and gas royalty revenue. The company achieved record adjusted EBITDA of $130.3 million for Q4. A quarterly dividend of $3.00 per share was declared for Q1 2022. TPL's strong performance reflects robust activity in the Permian Basin amidst rising oil prices.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.52%
Tags
none
-
Rhea-AI Summary

Texas Pacific Land Corporation (NYSE: TPL) will announce its fourth quarter and full year 2021 financial results post-market on February 23, 2022. A conference call will be held the following day, February 24, 2022, at 7:30 a.m. CT. The call will be accessible via a webcast on the company’s website. TPL is noted for its significant landholdings in Texas, specifically in the Permian Basin, generating revenue from various sources including oil and gas royalties and commercial leases.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
Rhea-AI Summary

Texas Pacific Land Corporation (NYSE: TPL) will hold its Annual Meeting virtually on December 29, 2021, at 2:00 p.m. Central time due to the rise in COVID-19 cases from the Omicron variant. Stockholders can join via a virtual platform, with details available in the revised proxy statement. In-person voting will be available at the Omni Dallas Hotel, though the meeting will not be held in person. The Company plans to provide future opportunities for in-person interactions with its Board of Directors and management when safe. Additional information can be found at SEC.gov.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.79%
Tags
covid-19
-
Rhea-AI Summary

Gabi Gliksberg, a significant stockholder of Texas Pacific Land Corporation (NYSE: TPL), has issued an open letter to the Board addressing their opposition to his Proposal #7 to declassify the Board, claiming it hinders accountability. He criticizes the Board's refusal to disclose results from an inquiry regarding Mr. McGinnis's stock ownership, arguing for transparency. Gliksberg emphasizes that the Company should prioritize stockholders' interests, not the Board's stability, and questions the Board's integrity in handling stockholder inquiries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.79%
Tags
none
-
Rhea-AI Summary

Texas Pacific Land Corporation (NYSE: TPL) urges stockholders to vote ‘FOR’ the election of three qualified directors—Barbara Duganier, Tyler Glover, and Dana McGinnis—at the Annual Meeting on December 29, 2021. The Board also recommends support for Proposals Two, Four, Five, and Six, and suggests a one-year term for Proposal Three while opposing Proposal Seven related to the Board's classified structure. The letter highlights the directors' experience and addresses concerns regarding stockholder Gabi Gliksberg's proposals.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.25%
Tags
none
Rhea-AI Summary

Texas Pacific Land Corporation (NYSE: TPL) reported robust financial results for Q3 2021, achieving net income of $83.8 million ($10.82/share) on revenues of $123.7 million. This represents an 81.2% increase in net income year-over-year. Year-to-date, net income reached $190.9 million, a 45.5% increase from the previous year. The company's royalty production averaged 19.5 thousand barrels of oil equivalent per day. A quarterly cash dividend of $2.75 per share was declared for December 15, 2021. The company also completed a corporate reorganization in January 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.3%
Tags
none
-
News
Rhea-AI Summary

Texas Pacific Land Corporation (NYSE: TPL) has postponed its 2021 Annual Meeting of Stockholders from November 16, 2021, to December 29, 2021. The new record date for stockholders entitled to vote will be November 29, 2021. This decision was made to allow additional time for reviewing and responding to stockholder proposals. The Company previously filed a definitive proxy statement and an amendment with the SEC, and will file a second amendment regarding the postponement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
none
-
Rhea-AI Summary

Texas Pacific Land Corporation (NYSE: TPL) will release its third-quarter 2021 financial results on November 4, 2021, after market close. A conference call is scheduled for November 5, 2021, at 7:30 a.m. Central Time. Investors can participate via a live webcast available on the Company’s website. TPL is a major landowner in Texas, with approximately 880,000 acres primarily in the Permian Basin, generating revenues through various streams linked to oil and gas development, utilities, and land use.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.53%
Tags
none

FAQ

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

The current stock price of Texas Pacific Land Corporation (TPL) is $970.46 as of October 3, 2024.

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

The market cap of Texas Pacific Land Corporation (TPL) is approximately 22.3B.

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

22.31B
22.98M
0.82%
67.93%
6.26%
Oil & Gas E&P
Oil Royalty Traders
Link
United States of America
DALLAS