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

Texas Pacific Land (Dover)

07/08/2024 23:44

* Texas Pacific Land Corp  TPL.N  reported quarterly
adjusted
earnings of $4.98​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $4.35.  The lone analyst forecast for the
quarter was for earnings of $5.36 per share. 
    * Revenue rose 7.3% to $172.33 million from a year ago;
analysts
expected $182.35 million. 
    * Texas Pacific Land Corp's reported EPS for the quarter was
$4.98​.
    * Texas Pacific Land Corp shares had risen by 6.7% this
quarter and gained 49.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is  "hold."

Wall Street's median 12-month price target for Texas Pacific
Land Corp is $741.06 
This summary was machine generated from LSEG data August 7 at
10:43 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      5.36           4.98           Missed
 Mar. 31 2024      4.82           4.97           Beat
 Dec. 31 2023      4.15           4.91           Beat
 Sep. 30 2023      4.99           4.58           Missed