Texas Pacific Land Q3 net income falls to $105.6 million from $129.8 million
Texas Pacific Land reported third quarter 2023 results on November 1, 2023. Revenue fell to $158.0 million from $191.1 million and diluted earnings per share fell to $13.74 from $16.82, mainly because the average realized oil and gas price dropped to $45.41 per barrel of oil equivalent from $63.42. Higher water sales and easement income partly offset the decline, and the board declared a $3.25 quarterly dividend payable December 15, 2023.
Key points
- Third quarter revenue was $158.0 million versus $191.1 million a year earlier; oil and gas royalty revenue fell $43.2 million.
- Average realized price was $45.41 per barrel of oil equivalent versus $63.42; the company's share of production was 21.8 thousand barrels of oil equivalent per day versus 23.4 thousand.
- Free cash flow was $106.1 million versus $134.0 million a year earlier.
- On October 31, 2023, the board declared a $3.25 per share quarterly dividend, payable December 15, 2023 to holders of record on December 1, 2023.
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 01, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.