Grand Cayman, Cayman Islands--(Newsfile Corp. - August 29, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its interim results for the three months ended June 30, 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-gro ...

Texas Pacific Land Corporation (NYSE:TPL) Q2 2024 Earnings Conference Call August 8, 2024 11:00 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 Nate Pendleton - Texas Capital Hamed Khorsand - BWS Financial Operator Greetings and welcome to Texas Pacific Land Corporation Second Quarter 2024 Ea ...

Texas Pacific (TPL) came out with quarterly earnings of $4.98 per share, missing the Zacks Consensus Estimate of $5.36 per share. This compares to earnings of $4.35 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -7.09%. A quarter ago, it was expected that this landowner would post earnings of $4.58 per share when it actually produced earnings of $4.97, delivering a surprise of 8.52%. Over the last four quarters, the company h ...

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 June 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 jurisdicti ...

Financial Performance - Consolidated net income for Q2 2024 was $114.6 million, or $4.98 per share (diluted), with consolidated revenues of $172.3 million and adjusted EBITDA of $153.2 million[1] - Total revenues for the six months ended June 30, 2024 were $346.5 million, up from $307.0 million in the same period of 2023, driven by a 25.5% increase in water sales volumes[8] - Total revenues for the six months ended June 30, 2024, were $346.476 million, compared to $306.971 million in the same period of 2023, representing a 12.9% increase[21] - Net income for the six months ended June 30, 2024, was $229.006 million, up 22.5% from $186.961 million in the same period of 2023[21] - Adjusted EBITDA for the six months ended June 30, 2024, was $305.279 million, compared to $249.504 million in the same period of 2023[30] - Free Cash Flow for the six months ended June 30, 2024, was $230.454 million, up from $193.156 million in the same period of 2023[30] - Basic net income per share for the six months ended June 30, 2024, was $9.96, up from $8.10 in the same period of 2023[21] Water Segment Performance - Water segment achieved record performance with water sales revenue of $40.7 million and produced water royalties revenue of $25.3 million, totaling $68.3 million in segment revenues and $34.5 million in net income[1] - Water sales volumes increased by 16.5% in Q2 2024 compared to Q1 2024, contributing to a $3.5 million increase in water sales revenue[6] - Water sales revenue for the six months ended June 30, 2024, increased to $77.776 million (22% of total revenues) from $59.377 million (20%) in the same period of 2023[26] - Water services and operations net income for the six months ended June 30, 2024, was $67.906 million, accounting for 30% of total net income, up from $51.985 million (28%) in the same period of 2023[26] Royalty Production and Acreage - Royalty production remained steady at 24.9 thousand barrels of oil equivalent (Boe) per day, with an average realized price of $41.44 per Boe in Q2 2024[1][6] - As of June 30, 2024, the company's royalty acreage included 6.3 net well permits, 9.5 net drilled but uncompleted wells, 4.0 net completed wells, and 73.3 net producing wells[1] - Oil and gas royalties revenue for the six months ended June 30, 2024, was $181.933 million, accounting for 53% of total revenues, compared to $171.542 million (56%) in the same period of 2023[26] Share Repurchases and Dividends - The company announced a target cash balance of $700 million, with excess free cash flow to be deployed towards share repurchases and dividends, including a special cash dividend of $10.00 per share paid on July 15, 2024[1] - The company repurchased $6.3 million of common stock in Q2 2024 and $16.6 million in the first six months of 2024[1][3] Operating Expenses and Capital Expenditures - Total operating expenses for the six months ended June 30, 2024 were $77.2 million, down from $81.7 million in the same period of 2023, primarily due to lower legal and professional fees[9][10] - Capital expenditures for the six months ended June 30, 2024, were $12.161 million, compared to $5.144 million in the same period of 2023[30] Land and Resource Management - Land and resource management net income for the six months ended June 30, 2024, was $161.100 million, representing 70% of total net income, compared to $134.976 million (72%) in the same period of 2023[26] Innovation and Development - The company is developing a new energy-efficient method of produced water desalination and treatment, with a pilot facility progressing towards an initial capacity of 10,000 barrels per day[2]

Two distinct business lines A pristine balance sheet justifies an expensive valuation Risk factors to my case I usually do not start with the history of a company to present my investment thesis, but Texas Pacific Land Corp. (TPL, Financial) is such an atypical enterprise that it is better to start from the beginning. Its historical background explains its current business model. Founded in 1871, Texas and Pacific Railway Company was created through a federal charter to build a railway that would link East ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the hel ...

Texas Pacific (TPL) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TPL broke through the 20-day moving average, which suggests a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. L ...

After reaching an important support level, Texas Pacific (TPL) could be a good stock pick from a technical perspective. TPL surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend. TPL has rallied 19.5% over the past four weeks, and the company is a Zacks Rank #2 (Buy) at the moment. This combination suggests TPL could be on the verge of another move higher. With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep the ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Texas Pacific (TPL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question. Texas Pacific is one of 248 individual stocks in the Oils-Energy sector. Co ...