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The latest announcement is out from Texas Pacific Land ( (TPL) ).
On February 19, 2025, Texas Pacific Land Corporation announced its fourth quarter and full year 2024 results, highlighting record performance in various segments, including water services and oil and gas royalty production. The company achieved significant financial milestones with increased revenues and net income, driven by strategic acquisitions and operational efficiencies. Throughout 2024, TPL expanded its royalty acreage and surface assets, setting new annual records for production and financial metrics. As part of its growth strategy, the company is exploring next-generation opportunities and is constructing a produced water desalination test facility to enhance its operations and industry positioning.
More about Texas Pacific Land
Texas Pacific Land Corporation is one of the largest landowners in Texas, primarily focused on the Permian Basin. The company generates revenue through its surface and royalty ownership, offering services like water sourcing and treatment, material sales, and easement fees, but it is not an oil and gas producer itself.
YTD Price Performance: 19.55%
Average Trading Volume: 245,767
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $32.41B
See more insights into TPL stock on TipRanks’ Stock Analysis page.
