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 Corp (NYSE: TPL) maintains one of the most unique positions in natural resource management, overseeing 880,000 acres in West Texas' Permian Basin. This dedicated news hub provides investors with essential updates on royalty interests, land utilization strategies, and water services operations that drive the company's performance.
Access authoritative reporting on TPL's quarterly earnings, surface lease agreements, and infrastructure developments. Our curated collection features verified press releases alongside analysis of strategic partnerships and regulatory updates affecting land management practices.
Key coverage areas include mineral royalty revenue trends, water recycling initiatives for energy operators, and surface right negotiations. Bookmark this page for timely updates on TPL's dual revenue streams from legacy land assets and modern environmental service solutions.
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.
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.
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.
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.
Texas Pacific Land Corporation (NYSE: TPL) reported robust financial results for Q2 2021, showing a net income of $57.0 million ($7.36 per share), up 106.8% YoY. Total revenues reached $95.9 million, driven by a significant increase in oil and gas royalty revenue. Cash flows from operations amounted to $44.1 million, and a quarterly dividend of $2.75 per share was declared. Despite some increased operating expenses due to severance costs, the company maintains a strong balance sheet and flexibility for future investments.
Texas Pacific Land Corporation (TPL) announced its plans to release second quarter 2021 financial results on August 5, 2021, after market close. A conference call is scheduled for August 6, 2021, at 8:30 a.m. ET to discuss the results. TPL, a major landowner in Texas, primarily generates revenue through oil and gas development, land use fees, and utility easements. Interested parties can access the conference call via the company’s website or by dialing in.
Texas Pacific Land Corporation (NYSE: TPL) reported its Q1 2021 financial results, revealing a net income of $50.1 million, down 12.8% from $57.4 million in Q1 2020. Total revenues decreased to $84.2 million, impacted by operational disruptions from Winter Storm Uri and reduced development in the Permian Basin. Water sales dropped 40.7%, resulting in a $14.0 million decline. However, oil and gas royalties rose by 16.9%. The company completed its transition from a trust to a corporation on January 11, enhancing governance and management alignment.
Texas Pacific Land Corporation (NYSE: TPL) will announce its first quarter 2021 financial results on May 6, 2021, after market close. A conference call for discussing the results is set for May 7, 2021, at 8:30 a.m. ET. TPL operates approximately 880,000 acres in Texas and generates revenue from various sources related to oil and gas development, such as land use fees, royalties, and easements. Investors can access the conference call via telephone or through a webcast on the company's website.
Texas Pacific Land Corporation (TPL) announced the retirement of CFO Robert Packer effective May 31, 2021, after 10 years of service. He will be succeeded by Chris Steddum, currently TPL's Vice President of Finance and Investor Relations. Stephanie Buffington has been appointed as Chief Accounting Officer. Both will officially start their roles on June 1, 2021. Additionally, TPL has appointed Deloitte & Touche LLP as its new Independent Registered Public Accounting Firm for 2021, succeeding Lane Gorman Trubitt, LLC.
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