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Texas Pacific Land Corporation (TPL)
:TPL
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
4.91Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2021
|% Change Since: -2.09%
|Next Earnings Date:Feb 25, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted strong operational performance with record production levels and significant growth in water sales and royalties. Strategic acquisitions further bolster future growth, while financial metrics show robust performance despite lower realized commodity prices. The sentiment is positive due to the outweighing highlights.Company Guidance
During the Q3 2024 earnings call, Texas Pacific Land Corporation (TPL) provided guidance reflecting robust performance and strategic growth endeavors. TPL achieved a corporate record with oil and gas royalty production reaching approximately 28,300 barrels of oil equivalent per day, a 13% increase sequentially. The company also reported a 37% year-over-year rise in water sales revenues and a 46% increase in produced water royalty volumes. These metrics highlight TPL's successful active management strategy and its resilience despite fluctuating oil and natural gas prices. The company's recent acquisitions, valued at nearly $0.5 billion, are expected to add approximately 30,000 barrels of oil equivalent per day, representing over a 10% increase in royalty production, while generating double-digit cash flow yield at a flat $70 oil price. As a result, TPL announced a 37% increase in its regular quarterly dividend to $1.60 per share, reflecting confidence in its continued financial performance and strategic positioning in the Permian Basin.Record Oil and Gas Royalty Production
TPL's oil and gas royalty production reached approximately 28,300 barrels of oil equivalent per day, setting a corporate record.
Significant Increase in Water Sales and Produced Water Royalties
Water sales revenues increased by 37% year-over-year. Produced water royalty volumes increased by 46% year-over-year.
Successful Strategic Acquisitions
TPL closed on three separate transactions totaling nearly $0.5 billion, adding significant surface and royalty acreage, which are expected to be highly accretive.
Dividend Increase
The Board approved a 37% increase of the regular quarterly dividend to $1.60 per share.
Strong Financial Performance
Consolidated revenues were approximately $174 million, with an adjusted EBITDA margin of 83%. Diluted earnings per share was $4.63, benefiting from higher oil and gas royalty production and water sales volumes.
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TPL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TPL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $1328.29 | $1333.97 | +0.43% |
| Aug 07, 2024 | $771.18 | $825.84 | +7.09% |
| May 08, 2024 | $553.47 | $604.27 | +9.18% |
| Feb 21, 2024 | $497.29 | $510.70 | +2.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Texas Pacific Land Corporation (TPL) report earnings?
Texas Pacific Land Corporation (TPL) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Texas Pacific Land Corporation (TPL) earnings time?
Texas Pacific Land Corporation (TPL) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPL EPS forecast?
Currently, no data Available
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