Texas Pacific Land said net income for Q1 2025 was $120.7 million, or $5.24 per share (diluted), compared to net income of $118.4 million for Q4 2024.

1. 01

   Texas Pacific Land said net income for Q1 2025 was $120.7 million, or $5.24 per share (diluted), compared to net income of $118.4 million for Q4 2024.

2. 02

   The company said total revenues for Q1 2025 were $196.0 million, up from $174.1 million for Q1 2024. It cited an increase of $19.1 million in oil and gas royalty revenue and an increase of $4.7 million in produced water royalties as factors.

3. 03

   Texas Pacific Land said oil and gas royalty production for Q1 2025 was 31.1 thousand Boe per day, a company record, compared to 24.8 thousand Boe/d for Q1 2024. The average realized price was $41.58 per Boe, down from $42.71 for Q1 2024.

4. 04

   The company said Adjusted EBITDA for Q1 2025 was $169.4 million and free cash flow was $126.6 million. Free cash flow, a non-GAAP measure, is calculated as Adjusted EBITDA less current income tax expense and capital expenditures.

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

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