Texas Pacific Land Q1 net income rises to $114.4 million, revenue up to $174.1 million
Texas Pacific Land reported first-quarter 2024 net income of $114.4 million, or $4.97 per diluted share, and total revenues of $174.1 million, compared with $86.6 million and $146.4 million a year earlier. Both headline measures rose year over year, and operating expenses fell to $38.1 million from $41.4 million. The company also declared a $1.17 per share quarterly dividend and released a produced water desalination presentation ahead of a May 9, 2024 earnings call.
Key points
- Net income was $114.4 million, or $4.97 per diluted share, versus $86.6 million, or $3.75 per share, in the first quarter of 2023; per-share figures reflect the three-for-one stock split effective March 26, 2024.
- Total revenues were $174.1 million, up from $146.4 million a year earlier, with water sales of $37.1 million and total water services and operations revenue of $62.7 million.
- Board declared a quarterly cash dividend of $1.17 per share, payable June 17, 2024 to holders of record on June 3, 2024.
- Earnings call is scheduled for 7:30 a.m. Central Time on May 9, 2024.
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 May 08, 2024.
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.