Texas Pacific Land Corp reports results for the quarter ended in June - Earnings Summary

Texas Pacific Land (Dover)

03/08/2023 24:10

* Texas Pacific Land Corp  TPL.N  reported quarterly
adjusted
earnings of $13.05​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of $11.22 per share.
    * Revenue fell 8.9% to $160.61 million from a year ago;
analysts
expected $143.24 million. 
    * The mean earnings estimate of analysts had fallen by
about 16%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Texas Pacific Land Corp shares had risen by 12.8% this
quarter and lost 36.6% so far this year.
    * The company reported quarterly net income of $100.39
million.
    * Wall Street's median 12-month price target for Texas
Pacific
Land Corp is $2,060.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 11:10 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      11.22          13.05          Beat
 Mar. 31 2023      13.20          11.25          Missed
 Dec. 31 2022      15.14          12.94          Missed
 Sep. 30 2022      14.38          16.82          Beat