- Earnings per share (EPS) for Texas Pacific Land increased to $5.05 from $4.98 year-over-year.
- Total revenue reached $187.5 million, marking an 8.8% increase compared to the previous year.
- Revenue from oil and gas royalties was $95.0 million, up by 5.8% year-over-year.
- Water sales experienced a significant decline, dropping by 37% to $25.6 million.
- Produced water royalties increased by 21%, amounting to $30.7 million.
- Easements and other surface-related income more than doubled to $36.2 million, compared to $16.6 million the previous year.
- Operating expenses rose by 12%, totaling $43.8 million.
- Net income saw a slight increase of 1.4%, reaching $116.1 million.
- Adjusted EBITDA was $166.2 million, reflecting an 8.4% increase year-over-year.
- Free cash flow improved by 12% to a total of $130.1 million.
- There is one analyst recommendation to buy, with no holds or sells.
A look at Texas Pacific Land Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
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
Investors looking at Texas Pacific Land Corporation can take comfort in the company’s solid long-term outlook based on its Smartkarma Smart Scores. With a Growth score of 4 and a Resilience score of 4, the company is well-positioned for future expansion and appears robust in the face of economic challenges. The company’s Value, Dividend, and Momentum scores provide additional insights into its overall standing in the market.
As an overview, Texas Pacific Land Corporation stands out as a unique entity that owns extensive land tracts in Texas, originally owned by the Texas and Pacific Railway Co. The company generates revenue through various channels, including land sales, oil and gas royalties, grazing leases, and interest income. With a balanced mix of income sources, Texas Pacific Land Corporation presents a diversified investment opportunity for those eyeing the long-term prospects of the company.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
