The company said full-year 2024 total revenue was $705.8 million ($631.6 million in the prior year) and consolidated net income was $454.0 million, or $19.72 per diluted share. It said water sales growth was the largest contributor, at $38.5 million.

1. 01

   The company said full-year 2024 total revenue was $705.8 million ($631.6 million in the prior year) and consolidated net income was $454.0 million, or $19.72 per diluted share. It said water sales growth was the largest contributor, at $38.5 million.

2. 02

   Texas Pacific Land said the Water Service and Operations segment posted record results for 2024, with water sales revenue of $150.7 million, produced water royalties revenue of $104.1 million, total segment revenues of $265.0 million and total segment net income of $139.1 million.

3. 03

   The company said net income for Q4 2024 was $118.4 million ($106.6 million versus Q3), and total revenue was $185.8 million ($173.6 million versus Q3). It cited a $7.5 million increase in easements and other surface-related income as the main driver of the revenue growth.

4. 04

   The company said it completed two acquisitions of mineral interests in 2024 for a combined $395.5 million, both all-cash, adding approximately 11,600 net royalty acres. In the same period, it paid total cash dividends of $347.3 million, and its common stock repurchases totaled $29.2 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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.