Texas Pacific Land Corporation (TPL 2.77%) is up a staggering 142.8% over the past year, compared to a less than 10% return in the S&P 500 and a less than 2% gain in the energy sector.Here's why Texas Pacific Land, commonly known as TPL, has been such a strong-performing energy stock and why it still could be worth buying now. Playing a pivotal role in the Texas oil boomThere are plenty of ways to invest in the energy sector.Integrated majors like ExxonMobil and Chevron have diverse operations across the oi ...

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Bram de Haas brings 15 years of investing experience to the table and has over 5 years of experience managing a Euro hedge fund. He is also a former professional poker player and utilizes his bundle of risk management skills to uncover lucrative investments based on special situations. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed ab ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Whenever I find a stock that perfectly fits my strategy, I like to make it a big position in my portfolio. As obvious as this may sound, I often go a bit furtherAnalyst’s Disclosure: I/we have a beneficial long position in the shares of TPL, LB either through stock ownership, op ...

Texas Pacific Land Corporation (NYSE:TPL) Q4 2024 Earnings Conference Call February 20, 2025 8:30 AM ET Company Participants Shawn Amini - IR Tyler Glover - President, CEO & Trustee Chris Steddum - CFO Robert Crain - EVP, Texas Pacific Water Resources LLC Conference Call Participants Derrick Whitfield - Texas Capital Operator Greetings, and welcome to the Texas Pacific Land Corporation Fourth Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my p ...

In my previous Texas Pacific Land (NYSE: TPL ) article published in September 2023, I focused on the main issue the company had at the time, which was the governance of the company and theMy passion for financial markets started at a young age, and I have been investing since 2007.Later on, I studied Economics and started as a buy-side equity research analyst. After studying for a Master’s Degree in Economic Analysis and working as an accountant, I assumed the position of CFO for a holding company that oper ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ State or other jurisdiction of incorporation or organization: IRS Employer Identification No.: Delaware 75-0279735 Address of principal executive ...

Financial Performance - Consolidated net income for the fourth quarter of 2024 was $118.4 million, or $5.14 per share, compared to $106.6 million in the third quarter of 2024[9] - Total revenues for the fourth quarter of 2024 reached $185.8 million, an increase from $173.6 million in the third quarter of 2024, driven by a $7.5 million rise in easements and surface-related income[10] - For the full year 2024, total revenues were $705.8 million, a 11.7% increase from $631.6 million in 2023, with water sales contributing a $38.5 million increase[12] - The company achieved a record oil and gas royalty production of 26.8 thousand Boe per day for the full year 2024, compared to 23.5 thousand Boe per day in 2023[15] - Adjusted EBITDA for the full year 2024 was $610.7 million, reflecting strong operational performance[13] - Free cash flow for the full year 2024 was $461.1 million, with total cash dividends paid amounting to $347.3 million[13] - Operating income for the year ended December 31, 2024, was $539.138 million, an increase from $486.053 million in the previous year, representing a growth of 11%[32] - The company reported a diluted net income per share of $5.14 for the three months ended December 31, 2024, compared to $4.63 in the previous quarter, an increase of 11%[27] - The company’s total revenues for the year ended December 31, 2024, were $705.823 million, compared to $631.595 million in the previous year, indicating a growth of 11.7%[32] - Net income for Q4 2024 was $118,360,000, an increase from $106,594,000 in Q3 2024, and up from $405,645,000 in 2023[37] Revenue Breakdown - Oil and gas royalties contributed $96.954 million to total revenues for the three months ended December 31, 2024, up from $94.444 million in the previous quarter, a growth of 3%[27] - Water sales increased to $36.737 million for the three months ended December 31, 2024, compared to $36.211 million in the previous quarter, marking a growth of 1.4%[27] - The Water Service and Operations segment generated total revenues of $265.0 million in 2024, with water sales revenue of $150.7 million and produced water royalties revenue of $104.1 million[5] Production Metrics - Royalty production averaged 29.1 thousand barrels of oil equivalent (Boe) per day in the fourth quarter of 2024, up from 28.3 thousand Boe per day in the previous quarter[10] - Total depreciation, depletion, and amortization for Q4 2024 was $11,467,000, up from $5,762,000 in Q3 2024 and $14,757,000 in 2023[37] Cash Flow and Expenses - Free Cash Flow for Q4 2024 was $123,732,000, compared to $106,865,000 in Q3 2024 and $415,494,000 for the full year 2023[37] - Total operating expenses for the three months ended December 31, 2024, were $43.240 million, a decrease from $46.232 million in the previous quarter, reflecting a reduction of 6.4%[27] - Capital expenditures in Q4 2024 were $7,429,000, down from $9,833,000 in Q3 2024 and $15,431,000 in 2023[37] Shareholder Information - A three-for-one stock split was executed on March 26, 2024, enhancing shareholder value[5] - The weighted average number of diluted shares outstanding was 23,015,530 for the three months ended December 31, 2024, slightly down from 23,012,169 in the previous quarter[27] Other Financial Metrics - Income tax expense for Q4 2024 was $32,618,000, an increase from $28,823,000 in Q3 2024 and $111,916,000 in 2023[37] - Employee share-based compensation for Q4 2024 was $3,509,000, compared to $2,935,000 in Q3 2024 and $9,124,000 in 2023[37] - The company reported a pension curtailment and settlement gain of $(4,616,000) for the full year 2024[37] - Current income tax expense for Q4 2024 was $(30,177,000), compared to $(27,416,000) in Q3 2024 and $(110,517,000) in 2023[37] - EBITDA for Q4 2024 reached $162,445,000, compared to $141,179,000 in Q3 2024 and $532,318,000 for the full year 2023[37] - Adjusted EBITDA for Q4 2024 was $161,338,000, up from $144,114,000 in Q3 2024 and $541,442,000 in 2023[37]

Regulatory Update - Tethys received all ecological and environmental approvals for 2024 on November 18, 2024, and the 2025 ecological permit on December 9, 2024, allowing production of up to 490 tons/day under Contract No 1897 for the Kul Bas field until July 26, 2026 [2] - On January 8, 2025, Kul-Bas LLP submitted an application to transition Contract No 1897 to the Production Period, which would extend production until July 2048 and allow hydrocarbon exports, with a decision expected by February 5, 2025 [3] Operations Update - Oil production is constrained by limitations on associated gas flaring, prompting Tethys to convert gas to electricity to limit emissions [4] - The Central Processing Facility (CPF) at Kul Bas was commissioned on November 19, 2024, and the Gas Utilization Facilities (GUF) on January 17, 2025, marking the completion of Phase 1 work [4] - Phase 1 focused on handling associated gas from the first 3 wells (KBD-2, KBD-6, KBD-7), with plans for a Phase 2 program to increase oil production and bring on additional wells (KBD-3, KBD-4, KBD-8) [4] - Logistics, handled by oil buyers, can limit production due to factors like trucking, rail capacity, and weather conditions, with Tethys currently selling oil primarily to mini-refineries at higher prices [5] - A prohibition on naphtha exports in Kazakhstan has negatively impacted mini-refineries and reduced the price Tethys receives for oil compared to export prices [5] Company Strategy - Tethys remains committed to responsible growth, optimizing operations while meeting regulatory requirements [6] - The company focuses on oil and gas exploration and production in Central Asia and the Caspian Region [7]

Mr. Mavroudis is a professional portfolio manager specializing in institutional and private portfolios. He focuses on risk management, which is accompanied by in-depth financial market analysis (fundamental, macro and technical) to control the risk undertaken by the portfolios. He invests in all financial instruments globally (stocks, bonds, fx, commodities), restructuring investment portfolios based on prevailing conditions and the needs of each client-investor. Mr. Mavroudis has successfully navigated all ...