NYSE$TPL
Texas Pacific Land Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Texas Pacific's financial performance was marked by strategic acquisitions and record royalty production.
Texas Pacific Land Corporation announced strong Q3 2024 results, highlighted by strategic acquisitions in the Delaware and Midland Basins, record royalty production, and a 37% increase in the regular dividend. The company reported a net income of $106.6 million and adjusted EBITDA of $144.1 million.
- Acquired mineral interests across approximately 4,106 net royalty acres in the northern Delaware Basin for $120.3 million.
- Acquired approximately 4,120 surface acres in the Midland Basin for $45.0 million.
- Royalty production reached 28.3 thousand barrels of oil equivalent per day.
- Net income totaled $106.6 million, or $4.63 per share (diluted), with adjusted EBITDA at $144.1 million and free cash flow at $106.9 million.
Headline financials
Revenue & EPS history
Texas Pacific · Revenue · Quarterly
$174M
Revenue by segment
Texas Pacific · $153M total across 4 segments · Q3 2023
- Oil and Gas Royalties$87.1M-33.2%57.1%
- Water Sales$26.4M+8.2%17.3%
- Produced Water Royalties$20.8M+9.0%13.7%
- Easements and Other Surface-Related Income$18.2M+28.7%11.9%
Forward guidance
Texas Pacific anticipates that its recently announced acquisitions will meaningfully enhance its royalty production going forward and provide a substantial uplift to near-term financial results and strengthen long-term growth outlook.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+1.2%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+4.6%
Avg return
30 days after
64%
41 / 64 earnings
Positive
+10.2%
Q3 2025
Best reaction
-10.1%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | -7.8% | -7.2% | |
| Q4 2025 | +10.0% | +20.7% | +17.9% | |
| Q3 2025 | +10.2% | +7.6% | +0.7% | |
| Q1 2025 | -3.8% | +2.6% | -17.1% | |
| Q4 2024 | +1.9% | -8.2% | -9.4% | |
| Q3 2024 | +7.4% | +12.6% | +7.7% | |
| Q2 2024 | +7.1% | +7.7% | +3.3% | |
| Q1 2024 | +8.0% | +6.2% | +2.2% | |
| Q4 2023 | +4.9% | +4.6% | +13.1% | |
| Q3 2023 | -2.6% | -4.7% | -5.4% | |
| Q2 2023 | +8.5% | +17.5% | +28.5% | |
| Q1 2023 | -3.8% | -2.5% | -4.5% | |
| Q4 2022 | -1.7% | -1.1% | -8.3% | |
| Q3 2022 | +2.3% | +15.9% | +11.0% | |
| Q2 2022 | -9.9% | -6.1% | +3.6% | |
| Q1 2022 | +1.7% | -6.0% | +21.6% | |
| Q4 2021 | +9.9% | +19.0% | +45.6% | |
| Q3 2021 | +7.3% | +11.6% | -5.4% | |
| Q2 2021 | +2.3% | +4.1% | -10.4% | |
| Q1 2021 | +3.0% | +1.5% | -12.7% | |
| Q4 2020 | -3.5% | -4.0% | +38.0% | |
| Q3 2020 | +7.5% | +10.5% | +37.7% | |
| Q2 2020 | -5.2% | +0.4% | -5.4% | |
| Q1 2020 | -9.2% | -7.8% | +4.7% | |
| Q4 2019 | +1.8% | +5.1% | -6.2% | |
| Q3 2019 | +6.0% | +10.8% | +14.2% | |
| Q2 2019 | -4.3% | -8.5% | -13.8% | |
| Q1 2019 | -5.8% | -10.4% | -12.5% | |
| Q4 2018 | +1.4% | +4.8% | +8.4% | |
| Q3 2018 | -5.6% | -5.5% | -18.4% | |
| Q2 2018 | +7.8% | +8.9% | +13.0% | |
| Q1 2018 | +8.9% | +15.8% | +27.7% | |
| Q4 2017 | -1.9% | -7.2% | -3.6% | |
| Q3 2017 | +2.8% | +4.3% | +1.9% | |
| Q2 2017 | +4.4% | +9.8% | +20.0% | |
| Q1 2017 | +5.8% | +6.2% | -0.3% | |
| Q4 2016 | +0.2% | -0.4% | -6.8% | |
| Q3 2016 | -6.4% | -7.6% | +1.2% | |
| Q2 2016 | -2.0% | -0.6% | +6.4% | |
| Q1 2016 | -3.1% | — | — | |
| Q4 2015 | +0.7% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | +0.9% | — | — | |
| Q1 2015 | -0.0% | — | — | |
| Q4 2014 | +2.0% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q2 2014 | -1.2% | — | — | |
| Q1 2014 | +3.1% | — | — | |
| Q4 2013 | +1.9% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | +2.3% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q3 2012 | +2.4% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2012 | +4.5% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | +6.5% | — | — | |
| Q2 2011 | -10.1% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q4 2010 | -2.7% | — | — | |
| Q3 2010 | +1.6% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q1 2010 | -2.6% | — | — |
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