Texas Pacific Land said total revenues for the 3 months ended June 30, 2025 were $187.5 million compared to $172.3 million in the same period of the prior year, and net income was $116.1 million compared to $114.6 million in the same period of the prior year.

1. 01

   Texas Pacific Land said total revenues for the 3 months ended June 30, 2025 were $187.5 million compared to $172.3 million in the same period of the prior year, and net income was $116.1 million compared to $114.6 million in the same period of the prior year.

2. 02

   The company said oil and gas royalty revenue for the 3 months was $95.0 million, its share of production increased to 33.2 thousand Boe per day, but the average realized price decreased 20.5% to $32.94 per Boe.

3. 03

   Texas Pacific Land said easements and other surface-related income for the 3 months was $33.5 million, an increase of $19.3 million, produced water royalties were $30.7 million, and water sales were $25.6 million, a decrease of $15.1 million compared to the same period of the prior year.

4. 04

   The company said cash provided by operating activities for the 6 months was $277.6 million and it paid dividends of $74.2 million, with no repurchases of Common Stock. As of June 30, 2025, cash and cash equivalents were $543.9 million and the company had no debt.

Key figures

Quarter ended June 30, 2025

Revenue

$188M

Operating income

$144M

Net income

$116M

EPS

$5.05

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.