An announcement from Texas Pacific Land ( (TPL) ) is now available.
Texas Pacific Land Corporation (TPL) reported robust third-quarter 2024 results, highlighting strategic acquisitions in the Delaware and Midland Basins, driving record royalty production and strong financial performance. The company’s net income reached $106.6 million, with an adjusted EBITDA of $144.1 million, supported by increased oil and gas royalty revenues and strategic management of legacy assets. TPL’s strategic actions, including a 37% dividend increase, reflect its commitment to enhancing shareholder value and long-term growth prospects.
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