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) 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.
Texas Pacific Land Corporation (NYSE: TPL) reported its fourth quarter and full-year financial results for 2020, revealing a net income of $44.8 million for Q4, down 35.2% from Q4 2019, primarily due to decreased land and water sales. Full-year net income also dropped 44.8% to $176.0 million. The Company declared a quarterly dividend of $2.75 per share and a special cash dividend of $10.00 per sub-share. Despite challenges in the oil and gas sector and impacts from COVID-19, TPL reported its second-largest revenue year, $302.6 million, historically.
Texas Pacific Land Corporation (NYSE: TPL) has successfully completed the reorganization of Texas Pacific Land Trust, transferring all assets and obligations to TPL Corporation. Sub-share certificate holders will receive one share of Common Stock for each sub-share certificate they hold. The new trading of TPL Corporation begins today on NYSE under the symbol 'TPL'. The reorganization aims to better align with investor expectations and enhance value creation through improved governance. TPL Corporation owns approximately 880,000 acres of land in Texas, generating revenue through various land use activities.
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