Texas Pacific Land Q3 revenue rises quarter or quarter

Texas Pacific Land (Dover)

05/11/2025 22:20

Overview

Texas Pacific Land Corp's total revenues for Q3 were $203.1 mln, compared with $187.5 mln for Q2 of 2025

The land and royalty firm reports record quarterly net income for Water Services and Operations segment

TPL on Nov 3 had approved three-for-one stock split, subject to finalization of effective date

Outlook

Company expects desalination facility in Orla operational by end of 2025

Company anticipates double-digit pre-tax cash flow yield from recent acquisitions

Result Drivers

WATER SERVICES RECORD - Record quarterly revenues in Water Services and Operations segment attributed to past investments and strategic acquisitions

OIL AND GAS ROYALTY PRODUCTION - Record oil and gas royalty production of 36.3 thousand Boe per day contributed to quarterly results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$203.1 mln
$207 mln (1 Analyst)
Q3 Net Income
$121.20 mln
Q3 Adjusted EBITDA
$173.60 mln
$178 mln (1 Analyst)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

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

Wall Street's median 12-month price target for Texas Pacific Land Corp is $921.93, about 0.8% above its November 4 closing price of $914.43

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release: ID:nBw73TXcMa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)