Texas Pacific Land said total revenues for the 3 months ended March 31, 2025 were $196.0 million, compared to $174.1 million in the same period of the prior year, and net income was $120.7 million, compared to $114.4 million in the same period of the prior year.

1. 01

   Texas Pacific Land said total revenues for the 3 months ended March 31, 2025 were $196.0 million, compared to $174.1 million in the same period of the prior year, and net income was $120.7 million, compared to $114.4 million in the same period of the prior year.

2. 02

   The company said oil and gas royalty revenue for the 3 months increased $19.1 million to $111.2 million, its share of production was 31.1 thousand Boe per day, compared to 24.8 thousand Boe per day in the same period of the prior year, and its average realized price was $41.58 per Boe, compared to $42.71 per Boe in the same period of the prior year.

3. 03

   Texas Pacific Land said water sales revenue for the 3 months increased $1.7 million to $38.8 million, citing a 14.0% increase in water sales volumes, and produced water royalties were $27.7 million, compared to $23.0 million in the same period of the prior year.

4. 04

   The company said net cash provided by operating activities for the 3 months was $156.7 million, compared to $147.2 million in the same period of the prior year, cash and cash equivalents as of March 31 were $460.4 million, it had no debt, and it paid dividends of $37.4 million but repurchased no shares of its common stock.

Key figures

Quarter ended March 31, 2025

Revenue

$196M

Operating income

$150M

Net income

$121M

EPS

$5.24

Operating cash flow

$157M

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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