Texas Pacific Land said total revenues for the year ended December 31, 2024 increased $705.8 million, or 11.8%, compared to $631.6 million in the prior year, and net income was $454.0 million, or 11.9% higher than 2023.

1. 01

   Texas Pacific Land said total revenues for the year ended December 31, 2024 increased $705.8 million, or 11.8%, compared to $631.6 million in the prior year, and net income was $454.0 million, or 11.9% higher than 2023.

2. 02

   The company said Water Services and Operations segment revenues for 2024 increased 32.9% to $265.0 million compared to $199.5 million in 2023. Water sales revenue increased $38.5 million, or 34.3%, to $150.7 million, and water sales volumes increased 31.0%.

3. 03

   The company said oil and gas royalty revenue for 2024 was $373.3 million, an increase of 4.5% compared to $357.4 million in the prior year. The company's share of production volumes increased to 26.8 thousand Boe per day from 23.5 thousand Boe per day, while average realized prices decreased to $39.87 per Boe from $42.58 per Boe.

4. 04

   The company said it paid total dividends of $347.3 million during 2024, consisting of cumulative regular cash dividends of $5.11 per share and a special dividend of $10.00 per share, and repurchased $29.2 million of its Common Stock. It also completed acquisitions of mineral interests and surface acres in Martin County, Texas and other locations during 2024.

Key figures

Fiscal year ended December 31, 2024

Revenue

$706M

Operating income

$539M

Net income

$454M

EPS

$19.72

Operating cash flow

$491M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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