Texas Pacific Q2 2024 Earnings Report
Key Takeaways
Texas Pacific Land Corporation announced strong financial and operating results for the second quarter of 2024, with a record performance from its Water Service and Operations segment. The company reported consolidated revenues of $172.3 million and net income of $114.6 million, or $4.98 per share (diluted). A special cash dividend of $10.00 per share was declared.
Water Service and Operations segment achieved record revenues and net income.
A special cash dividend of $10.00 per share was declared and paid.
Consolidated net income reached $114.6 million, or $4.98 per share (diluted).
Adjusted EBITDA totaled $153.2 million and free cash flow was $116.0 million.
Texas Pacific
Texas Pacific
Texas Pacific Revenue by Segment
Forward Guidance
TPL will seek to deploy the majority of its free cash flow towards share repurchases and dividends.
Revenue & Expenses
Visualization of income flow from segment revenue to net income