Texas Pacific Ld Stock Price, News & Analysis

Texas Pacific Land Corporation (NYSE: TPL) announced strong Q1 2022 results with a net income of $97.9 million, up 95.6% year-over-year, and revenues of $147.3 million, driven mainly by a significant increase in oil and gas royalty revenue. The company declared a special dividend of $20 per share and a quarterly cash dividend of $3.00, both payable on June 15, 2022. Despite facing supply chain challenges, TPL's production remains robust, with 20.8 thousand barrels of oil equivalent per day. A stock repurchase program of up to $100 million is also in place to enhance shareholder value.

Texas Pacific Land Corporation (NYSE: TPL) will release its first quarter 2022 financial results after market close on May 4, 2022. A conference call to discuss these results is scheduled for May 5, 2022, at 8:30 a.m. Eastern Time. The conference call will be accessible via webcast on the Company's website. Texas Pacific owns approximately 880,000 acres in Texas, primarily in the Permian Basin, generating revenue through land usage, oil and gas royalties, and other related activities.

Texas Pacific Land Corporation (NYSE: TPL) and Aris Water Solutions, Inc. (NYSE: ARIS) have expanded their alliance to enhance full-cycle water solutions for clients in the Permian Basin. This collaboration will optimize the service delivery across key Texas locations, enabling Aris to utilize TPL's Northern Delaware surface acreage. The partnership aims to improve water recycling capabilities and facilitate operator development on TPL's royalty lands. This strategic enhancement seeks to provide critical water management solutions in the region, addressing the growing demands of energy operators.

Texas Pacific Land Corporation (NYSE: TPL) and Aris Water Solutions, Inc. (NYSE: ARIS) have expanded their alliance to enhance full-cycle water management solutions in the Delaware Basin. This partnership allows Aris to access TPL's Northern Delaware surface acreage, enabling them to offer comprehensive produced water services and water recycling to key customers. Both companies aim to improve water sustainability and operational efficiency for upstream operators, further solidifying their roles in the Permian Basin's water infrastructure.

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.

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.

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.

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.

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.