Texas Pacific Land Q3 revenue rises to $173.6M, but net income falls to $106.6M
Texas Pacific Land reported third-quarter 2024 results, with total revenue of $173.6 million, up from $172.3 million in the second quarter, while net income fell to $106.6 million from $114.6 million. The company also raised its quarterly cash dividend by 37% to $1.60 per share and posted an updated investor presentation.
Key points
- Q3 2024 diluted EPS was $4.63, versus $4.98 in Q2 2024; nine-month net income was $335.6 million, up from $292.5 million a year earlier.
- Total operating expenses rose to $46.2 million from $39.1 million, mainly due to higher legal and professional fees.
- The board declared a quarterly cash dividend of $1.60 per share, up from $1.17, payable December 16, 2024.
- Acquisitions in Q3 included northern Delaware Basin mineral interests for $120.3 million and Midland Basin surface acreage for $45.0 million.
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 06, 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.