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Dec 31, 2024
Texas Pacific Q4 2024 Earnings Report
Texas Pacific Land Corporation reported strong revenue growth and record royalty production in Q4 2024.
Key Takeaways
TPL delivered solid financial results for Q4 2024, with total revenue of $185.78M and record royalty production of 29.1K Boe/d. Net income reached $118.36M, and free cash flow stood at $123.73M. The company continued expanding its asset base with significant acquisitions in the Midland Basin.
Total revenue of $185.78M, driven by strong oil & gas royalties and water operations.
Net income of $118.36M, with diluted EPS at $5.14.
Free cash flow of $123.73M, supporting continued investments and dividends.
Acquired 7,490 net royalty acres for $275.2M, expanding the asset base.
Texas Pacific
Texas Pacific
Texas Pacific Revenue by Segment
Revenue by Segment
Oil & Gas Royalties Revenue
CapyFin.comWater Sales Revenue
CapyFin.comProduced Water Royalties Revenue
CapyFin.comSurface-Related Income Revenue
CapyFin.com Forward Guidance
TPL remains focused on growth through strategic acquisitions, water infrastructure expansion, and royalty asset optimization.
Positive Outlook
- Expansion of royalty and surface asset base.
- Continued investment in water infrastructure projects.
- Ongoing construction of produced water desalination test facility.
- Strong free cash flow supporting shareholder returns.
- Exploring consolidation opportunities in the royalty market.
Challenges Ahead
- Exposure to commodity price fluctuations.
- Regulatory uncertainties in energy and water sectors.
- Potential operational disruptions due to infrastructure projects.
- Increased competition in the Permian Basin.
- Macroeconomic factors impacting oil and gas demand.