- Texas Pacific Land reported a net income of $118.4 million for the fourth quarter, a 4.6% increase compared to last year.
- Earnings per share (EPS) rose to $5.14 from $4.91 year over year.
- Total revenue increased by 11% year over year, reaching $185.8 million.
- Oil and gas royalties slightly decreased by 1.8%, totaling $97.0 million.
- Water sales surged by 39%, amounting to $36.7 million.
- Produced water royalties increased by 25% to $28.1 million.
- Easements and other surface-related income rose by 14%, totaling $21.8 million.
- Land sales saw a significant decline, decreasing by 67% to $2.24 million.
- Operating expenses increased by 32%, reaching $43.2 million.
- Adjusted EBITDA rose by 6.9% to $161.3 million.
- Free cash flow experienced a 6.4% increase, totaling $123.7 million.
- Analyst recommendations include 0 buys, 1 hold, and 0 sells.
A look at Texas Pacific Land Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts have assessed the long-term outlook for Texas Pacific Land Corporation using Smartkarma Smart Scores in key areas. The company scores well in Growth, Resilience, and Momentum, indicating positive prospects for future development and stability. With a strong momentum score of 5, Texas Pacific Land is showing promising signs of growth and performance. The company’s resilience score of 4 further suggests its ability to withstand market challenges. Additionally, the Growth score of 4 highlights the potential for continued expansion and profitability in the long run.
Summary: Texas Pacific Land Corporation, which owns land in Texas initially belonging to the Texas and Pacific Railway Co, is driven by income from land sales, oil and gas royalties, grazing leases, and interest. Based on the Smartkarma Smart Scores, the company holds a favorable overall outlook, particularly in terms of growth, resilience, and momentum, positioning it well for sustained success in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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