Texas Pacific Land Corporation Announces Record Third Quarter Results and 3-for-1 Stock Split

Summary

Texas Pacific Land Corporation (TPL) announced record third-quarter results with consolidated net income of $121.2 million, or $5.27 per share (diluted), and water services and operations segment revenues of $80.8 million, a company record. TPL also declared a quarterly cash dividend of $1.60 per share and approved a three-for-one stock split of its common stock. Additionally, TPL disclosed updated financial results and an investor presentation on its website as part of Regulation FD. The company's financials reflect strong performance across multiple segments, with significant contributions from oil and gas royalties, water sales, and land and resource management.