Texas Pacific Land (TPL) Q1 2025 Earnings Call May 08, 2025 10:30 AM ET Company Participants Shawn Amini - VP of Finance and IRTyler Glover - President, CEO & DirectorChris Steddum - CFODerrick Whitfield - Managing DirectorRobert Crain - Executive Vice President of Texas Pacific Water Resources LLC Operator Greetings, and welcome to the Texas Pacific Land Corporation First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A brief question and answer session ...

Texas Pacific Land (TPL) Q1 2025 Earnings Call May 08, 2025 10:30 AM ET Speaker0 Greetings, and welcome to the Texas Pacific Land Corporation First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Sean Amini, Investor Relations. Thank you. You may begin. Speaker1 Thank Thank you for joining ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 1-39804 Exact name of registrant as specified in its charter: Texas Pacific Land Corporation State or other jurisdict ...

Exhibit 99.1 TEXAS PACIFIC LAND CORPORATION ANNOUNCES FIRST QUARTER RESULTS Earnings Call to be Held Thursday, May 8, 2025 at 9:30 am CT DALLAS, TX (May 7, 2025) – Texas Pacific Land Corporation (NYSE: TPL) (the "Company," "TPL," "we," "our" or "us"), one of the largest landowners in the State of Texas with surface and royalty ownership that provide revenue opportunities through the support of energy production, today announced its financial and operating results for the first quarter of 2025. Total may not ...

Grand Cayman, Cayman Islands--(Newsfile Corp. - April 29, 2025) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its Annual Results for the year ended December 31, 2024 with the Canadian securities regulatory authorities comprising its Audited Financial Statements together with Management's Discussion and Analysis and other required forms. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.co ...

Texas Pacific Land Corporation (TPL 2.77%) is up a staggering 142.8% over the past year, compared to a less than 10% return in the S&P 500 and a less than 2% gain in the energy sector.Here's why Texas Pacific Land, commonly known as TPL, has been such a strong-performing energy stock and why it still could be worth buying now. Playing a pivotal role in the Texas oil boomThere are plenty of ways to invest in the energy sector.Integrated majors like ExxonMobil and Chevron have diverse operations across the oi ...

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Bram de Haas brings 15 years of investing experience to the table and has over 5 years of experience managing a Euro hedge fund. He is also a former professional poker player and utilizes his bundle of risk management skills to uncover lucrative investments based on special situations. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed ab ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Whenever I find a stock that perfectly fits my strategy, I like to make it a big position in my portfolio. As obvious as this may sound, I often go a bit furtherAnalyst’s Disclosure: I/we have a beneficial long position in the shares of TPL, LB either through stock ownership, op ...

Financial Data and Key Metrics Changes - In Q4 2024, Texas Pacific Land Corporation (TPL) achieved record free cash flow of approximately $461 million, an 11% year-over-year increase [24] - Full year 2024 oil and gas royalty production volumes increased by 14%, while water sales volumes rose by 31% and produced water royalty volumes increased by 37% [6][24] - Consolidated revenues for Q4 2024 were approximately $186 million, with adjusted EBITDA of $161 million and an adjusted EBITDA margin of 87% [25] Business Line Data and Key Metrics Changes - Royalty production for Q4 2024 was approximately 29,100 barrels of oil equivalent per day, representing an 11% increase year-over-year and a 3% increase sequentially [26] - Produced water royalty volumes grew 44% year-over-year to approximately 4 million barrels per day, benefiting from new volumes into out-of-basin pore space acquired in 2023 [26] - Sourced water sales volumes increased by 42% year-over-year to 737,000 barrels per day, with strong demand for treated water [26] Market Data and Key Metrics Changes - The Permian Basin saw a decline in rig counts from around 345 in early 2023 to approximately 290 by the end of 2024, yet production still managed to grow mid-single digits year-over-year [10][11] - New permits in the Permian Basin were up approximately 20% year-over-year, indicating a constructive outlook for 2025 [12] Company Strategy and Development Direction - TPL is focusing on next-generation opportunities, including data centers, power generation, and grid infrastructure, leveraging its hydrocarbon and non-hydrocarbon resources [15] - The company is committed to investing in produced water desalination technology and beneficial reuse initiatives, with a test facility expected to be completed mid-2025 [18][20] - TPL aims to consolidate Permian minerals, royalties, water, and surface assets, with a strong deal pipeline anticipated for 2025 [32][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate long-term value while returning substantial cash to shareholders, supported by a fortress balance sheet and high-margin business model [29][34] - The outlook for the Permian Basin remains positive, with expectations for robust well completions in 2025, contingent on oil prices and activity levels [62] Other Important Information - TPL returned a record $376 million to shareholders in 2024 through dividends and buybacks, with a regular dividend announced at $1.60 per share, a 37% year-over-year increase [7][30] - The company maintains a debt-free balance sheet with cash and cash equivalents of approximately $370 million at year-end [34] Q&A Session Summary Question: Can you elaborate on the potential desalination synergies with behind-the-meter power generation and data centers? - Management highlighted the transformational opportunity of combining power generation with desalination and water needs for data centers, emphasizing the synergies of waste heat capture and produced water availability [40] Question: Is the goal still 75% volume reclamation and analyte removal at a cost of $0.75 per barrel? - Management confirmed they are on track to achieve the 75% volume reduction and analyte removal, with confidence in reaching the $0.75 treatment cost through economies of scale [42][44] Question: Where are the greatest opportunities for consolidation between royalties and surface assets? - Management indicated a strong deal pipeline for 2025, with numerous high-quality opportunities available in both surface and mineral assets [46][47] Question: Could federal policy changes open up greater pore space in New Mexico? - Management noted that while changes are possible, they are not aware of any imminent regulatory changes that would significantly impact pore space availability [52][54] Question: What is the expected turn-in-line quarterly run rate for oil and gas royalties in 2025? - Management projected that approximately 14 to 15 net wells could come online during 2025, indicating a robust inventory and strong potential for production growth [62]