Texas Pacific Land Q1 net income rises to $120.7 million, revenue up to $196.0 million
Texas Pacific Land reported first-quarter 2025 net income of $120.7 million, or $5.24 per diluted share, up from $114.4 million, or $4.97 per diluted share, in the first quarter of 2024. Total revenues rose to $196.0 million from $174.1 million a year earlier, and oil and gas royalty production reached a company record of 31.1 thousand barrels of oil equivalent per day.
Key points
- Net income $120.7 million, or $5.24 per diluted share, versus $114.4 million, or $4.97, a year earlier
- Total revenues $196.0 million versus $174.1 million in Q1 2024; Water Services and Operations revenue a record $69.4 million
- Oil and gas royalty production 31.1 thousand Boe per day, a company record, versus 24.8 thousand a year earlier
- Quarterly cash dividend of $1.60 per share declared May 6, 2025, payable June 16, 2025 to holders of record on June 2, 2025
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 07, 2025.
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.