AI English summary of an SEC filing — figures as filed
Texas Pacific Land TPLThe company said its total revenues for the 3-month period ended September 30, 2024 were $173.6 million, up 9.9% from $158.0 million a year earlier. It cited increases in water sales of $9.8 million, oil and gas royalty revenue of $7.3 million, and produced water royalties of $6.9 million as factors.
Key points
AI summaryThe company said its total revenues for the 3-month period ended September 30, 2024 were $173.6 million, up 9.9% from $158.0 million a year earlier. It cited increases in water sales of $9.8 million, oil and gas royalty revenue of $7.3 million, and produced water royalties of $6.9 million as factors.
The company said segment revenue for the Water Services and Operations segment rose 39.3% over the 3 months to $66.9 million, and segment net income was $34.7 million, compared with $22.7 million a year earlier. It said water sales volumes increased 32.1%.
The company said it acquired about 4,106 NRA in Culberson County for cash on August 2024, and 4,120 surface acres in Martin County for $120.3 million and $45.0 million respectively. It said it acquired about 7,490 NRA for cash of $276.4 million on October 2.
The company said it paid dividends of $310.6 million and repurchased $22.7 million of its common stock in the 9 months ended September 30, 2024. It disclosed that as of September 30, 2024, it had cash and cash equivalents of $533.9 million and no debt.
Key figures
Quarter ended September 30, 2024
- Revenue
- $174M
- Operating income
- $127M
- Net income
- $107M
- EPS
- $4.63
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Total Revenues for Q3 2024 $173.6 million
The company said its total revenues for the 3-month period ended September 30, 2024 were $173.6 million, up 9.9% from $158.0 million a year earlier. It cited increases in water sales of $9.8 million, oil and gas royalty revenue of $7.3 million, and produced water royalties of $6.9 million as factors.
Source · Based on the MD&A text of the filing
Water Services and Operations Segment Results for 3 Months
The company said segment revenue for the Water Services and Operations segment rose 39.3% over the 3 months to $66.9 million, and segment net income was $34.7 million, compared with $22.7 million a year earlier. It said water sales volumes increased 32.1%.
Source · Based on the MD&A text of the filing
August 2024 and October Acquisitions
The company said it acquired about 4,106 NRA in Culberson County for cash on August 2024, and 4,120 surface acres in Martin County for $120.3 million and $45.0 million respectively. It said it acquired about 7,490 NRA for cash of $276.4 million on October 2.
Source · Based on the MD&A text of the filing
9-Month Shareholder Returns and Cash Balance
The company said it paid dividends of $310.6 million and repurchased $22.7 million of its common stock in the 9 months ended September 30, 2024. It disclosed that as of September 30, 2024, it had cash and cash equivalents of $533.9 million and no debt.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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