KEY TAKEAWAYSTexas Pacific Land shares rose in intraday trading Friday, a day after S&P Dow Jones Indices said the real estate operating company will be replacing Marathon Oil in the S&P 500.TPL's shares, which hit an all-time high Thursday, are surging a further 6% Friday morning.Marathon Oil is being removed from the index as its acquisition by ConocoPhillips is set to close Friday. Texas Pacific Land (TPL) shares rose in intraday trading Friday, a day after S&P Dow Jones Indices said the real estate oper ...

Grand Cayman, Cayman Islands--(Newsfile Corp. - November 18, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to announce that it has received the Ecology permit for oil production at Kulbas. This permit is valid through December 31, 2024. The company is in the process of commissioning the facilities to start production from KBD #2 and KBD #6 as soon as possible. The commissioning with the connection to KBD#7 is scheduled to be started on December 1, 2024. The Ecology per ...

Texas Pacific Land Corporation (NYSE:TPL) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Shawn Amini - Vice President, Finance and Investor Relations Tyler Glover - Chief Executive Officer Chris Steddum - Chief Financial Officer Robert Crain - Executive Vice President, Texas Pacific Water Resources Conference Call Participants Derrick Whitfield - Stifel Operator Ladies and gentlemen, good morning, and welcome to the Texas Pacific Land Corporation's Third Quarter 2024 Earnin ...

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 .There are not many stocks I discuss as much as the Texas Pacific Land Corporation (NYSE: TPL ) . Since I started buying the company, I have brought it up in many articles and podcasts and discussed it in countless direct messagesAnalyst’s Disclosure: I/we have a beneficial long ...

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 September 30, 2024 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 juris ...

Exhibit 99.1 TEXAS PACIFIC LAND CORPORATION ANNOUNCES THIRD QUARTER RESULTS Earnings Call to be held 7:30 am CT on Thursday, November 7, 2024 DALLAS, TX (November 6, 2024) – Texas Pacific Land Corporation (NYSE: TPL) (the "Company" or "TPL") today announced its financial and operating results for the third quarter of 2024. Third Quarter 2024 Highlights • Acquired mineral interests across approximately 4,106 net royalty acres located in the northern Delaware Basin for a purchase price of $120.3 million, net ...

Grand Cayman, Cayman Islands--(Newsfile Corp. - October 18, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to announce that it has today received formal approval of the protocol necessary to advance its oil production activities in Kazakhstan. This represents a significant regulatory milestone for the Company. Regulatory update With the protocol approval received today, the Company will file for a gas flaring permit early next week, which is expected to be approved withi ...

Core Insights - Texas Pacific Land Corporation (TPL) has experienced a significant stock price increase of 87.2% in 2024, outperforming the broader energy sector which is up 11.2% [1] - The company operates a unique business model focused on land ownership and fee collection rather than direct oil and gas production [2] Company Overview - Texas Pacific is one of the largest landowners in Texas, with 869,000 surface acres and 23,700 net royalty acres, primarily located in the Permian Basin [2] - The majority of its revenue comes from oil and gas royalties, followed by water sales, produced water royalties, land sales, easements, and commercial leases [2] Financial Performance - For the first half of the year ending June 30, Texas Pacific reported $346.8 million in revenue and $77.2 million in operating expenses, resulting in an operating margin of 77% [3] - The company converted 66% of its sales into net income after taxes [3] Cash Management and Dividends - Texas Pacific occasionally uses excess cash to acquire additional assets, recently closing a $286 million transaction for Permian oil and gas minerals and royalty interests [4] - In June, the company paid a special dividend of $10 per share after exceeding its cash target of $700 million, with a current cash balance of $895 million [5] Industry Context - The Permian Basin accounts for approximately 40% of the U.S. oil output and 15% of natural gas production, positioning Texas Pacific favorably for future growth [6] - Major producers like ExxonMobil are focusing their growth strategies in the Permian, which enhances the value of Texas Pacific's land [7] Valuation and Investment Considerations - Texas Pacific has a high price-to-earnings (P/E) ratio of 50.5, which is considered expensive compared to traditional oil companies [10] - The company's 10-year median P/E is 34.4, indicating that its current valuation is above historical averages [11] - Despite a low ordinary dividend yield of 0.5%, Texas Pacific remains a potential investment for risk-averse investors [12]

Grand Cayman, Cayman Islands--(Newsfile Corp. - September 30, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide an update on the Company's operations in the Republic of Kazakhstan. Operations update An acid job in KBD-10 was recently done to help test the Jurassic zone. The initial results have been discouraging but plans are to continue the test. The oil handling and gas utilization facilities are almost complete and the Company expects to have them in place and ...

A powerhouse in the ownership of Texas lands is the Texas Pacific Land Corporation (NYSE: TPL ), with a market capitalization of $18.46 billion. What puts TPL in a special position is its huge land bank in the Permian I am a financial writer with a degree in Finance. In my five-year career, I have worked with two financial companies. I keep a close eye on Energy, Banking, and Tech stocks. My main focus is fundamental analysis and looking at the long-term position of a stock instead of short-term analysis. T ...