Grand Cayman, Cayman Islands--(Newsfile Corp. - October 18, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to announce that it has today received formal approval of the protocol necessary to advance its oil production activities in Kazakhstan. This represents a significant regulatory milestone for the Company. Regulatory update With the protocol approval received today, the Company will file for a gas flaring permit early next week, which is expected to be approved withi ...

Core Insights - Texas Pacific Land Corporation (TPL) has experienced a significant stock price increase of 87.2% in 2024, outperforming the broader energy sector which is up 11.2% [1] - The company operates a unique business model focused on land ownership and fee collection rather than direct oil and gas production [2] Company Overview - Texas Pacific is one of the largest landowners in Texas, with 869,000 surface acres and 23,700 net royalty acres, primarily located in the Permian Basin [2] - The majority of its revenue comes from oil and gas royalties, followed by water sales, produced water royalties, land sales, easements, and commercial leases [2] Financial Performance - For the first half of the year ending June 30, Texas Pacific reported $346.8 million in revenue and $77.2 million in operating expenses, resulting in an operating margin of 77% [3] - The company converted 66% of its sales into net income after taxes [3] Cash Management and Dividends - Texas Pacific occasionally uses excess cash to acquire additional assets, recently closing a $286 million transaction for Permian oil and gas minerals and royalty interests [4] - In June, the company paid a special dividend of $10 per share after exceeding its cash target of $700 million, with a current cash balance of $895 million [5] Industry Context - The Permian Basin accounts for approximately 40% of the U.S. oil output and 15% of natural gas production, positioning Texas Pacific favorably for future growth [6] - Major producers like ExxonMobil are focusing their growth strategies in the Permian, which enhances the value of Texas Pacific's land [7] Valuation and Investment Considerations - Texas Pacific has a high price-to-earnings (P/E) ratio of 50.5, which is considered expensive compared to traditional oil companies [10] - The company's 10-year median P/E is 34.4, indicating that its current valuation is above historical averages [11] - Despite a low ordinary dividend yield of 0.5%, Texas Pacific remains a potential investment for risk-averse investors [12]

Grand Cayman, Cayman Islands--(Newsfile Corp. - September 30, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") is pleased to provide an update on the Company's operations in the Republic of Kazakhstan. Operations update An acid job in KBD-10 was recently done to help test the Jurassic zone. The initial results have been discouraging but plans are to continue the test. The oil handling and gas utilization facilities are almost complete and the Company expects to have them in place and ...

A powerhouse in the ownership of Texas lands is the Texas Pacific Land Corporation (NYSE: TPL ), with a market capitalization of $18.46 billion. What puts TPL in a special position is its huge land bank in the Permian I am a financial writer with a degree in Finance. In my five-year career, I have worked with two financial companies. I keep a close eye on Energy, Banking, and Tech stocks. My main focus is fundamental analysis and looking at the long-term position of a stock instead of short-term analysis. T ...

Grand Cayman, Cayman Islands--(Newsfile Corp. - August 29, 2024) - Tethys Petroleum Limited (TSXV: TPL) ("Tethys" or the "Company") today announced that it has filed its interim results for the three months ended June 30, 2024 with the Canadian securities regulatory authorities comprising its Audited Financial Statements together with Management's Discussion and Analysis and other required forms. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-gro ...

Texas Pacific Land Corporation (NYSE:TPL) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Shawn Amini - Vice President, Finance and Investor Relations Tyler Glover - Chief Executive Officer Chris Steddum - Chief Financial Officer Robert Crain - Executive Vice President, Texas Pacific Water Resources Conference Call Participants Nate Pendleton - Texas Capital Hamed Khorsand - BWS Financial Operator Greetings and welcome to Texas Pacific Land Corporation Second Quarter 2024 Ea ...

Texas Pacific (TPL) came out with quarterly earnings of $4.98 per share, missing the Zacks Consensus Estimate of $5.36 per share. This compares to earnings of $4.35 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -7.09%. A quarter ago, it was expected that this landowner would post earnings of $4.58 per share when it actually produced earnings of $4.97, delivering a surprise of 8.52%. Over the last four quarters, the company h ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 1-39804 Exact name of registrant as specified in its charter: Texas Pacific Land Corporation State or other jurisdicti ...

Financial Performance - Consolidated net income for Q2 2024 was $114.6 million, or $4.98 per share (diluted), with consolidated revenues of $172.3 million and adjusted EBITDA of $153.2 million[1] - Total revenues for the six months ended June 30, 2024 were $346.5 million, up from $307.0 million in the same period of 2023, driven by a 25.5% increase in water sales volumes[8] - Total revenues for the six months ended June 30, 2024, were $346.476 million, compared to $306.971 million in the same period of 2023, representing a 12.9% increase[21] - Net income for the six months ended June 30, 2024, was $229.006 million, up 22.5% from $186.961 million in the same period of 2023[21] - Adjusted EBITDA for the six months ended June 30, 2024, was $305.279 million, compared to $249.504 million in the same period of 2023[30] - Free Cash Flow for the six months ended June 30, 2024, was $230.454 million, up from $193.156 million in the same period of 2023[30] - Basic net income per share for the six months ended June 30, 2024, was $9.96, up from $8.10 in the same period of 2023[21] Water Segment Performance - Water segment achieved record performance with water sales revenue of $40.7 million and produced water royalties revenue of $25.3 million, totaling $68.3 million in segment revenues and $34.5 million in net income[1] - Water sales volumes increased by 16.5% in Q2 2024 compared to Q1 2024, contributing to a $3.5 million increase in water sales revenue[6] - Water sales revenue for the six months ended June 30, 2024, increased to $77.776 million (22% of total revenues) from $59.377 million (20%) in the same period of 2023[26] - Water services and operations net income for the six months ended June 30, 2024, was $67.906 million, accounting for 30% of total net income, up from $51.985 million (28%) in the same period of 2023[26] Royalty Production and Acreage - Royalty production remained steady at 24.9 thousand barrels of oil equivalent (Boe) per day, with an average realized price of $41.44 per Boe in Q2 2024[1][6] - As of June 30, 2024, the company's royalty acreage included 6.3 net well permits, 9.5 net drilled but uncompleted wells, 4.0 net completed wells, and 73.3 net producing wells[1] - Oil and gas royalties revenue for the six months ended June 30, 2024, was $181.933 million, accounting for 53% of total revenues, compared to $171.542 million (56%) in the same period of 2023[26] Share Repurchases and Dividends - The company announced a target cash balance of $700 million, with excess free cash flow to be deployed towards share repurchases and dividends, including a special cash dividend of $10.00 per share paid on July 15, 2024[1] - The company repurchased $6.3 million of common stock in Q2 2024 and $16.6 million in the first six months of 2024[1][3] Operating Expenses and Capital Expenditures - Total operating expenses for the six months ended June 30, 2024 were $77.2 million, down from $81.7 million in the same period of 2023, primarily due to lower legal and professional fees[9][10] - Capital expenditures for the six months ended June 30, 2024, were $12.161 million, compared to $5.144 million in the same period of 2023[30] Land and Resource Management - Land and resource management net income for the six months ended June 30, 2024, was $161.100 million, representing 70% of total net income, compared to $134.976 million (72%) in the same period of 2023[26] Innovation and Development - The company is developing a new energy-efficient method of produced water desalination and treatment, with a pilot facility progressing towards an initial capacity of 10,000 barrels per day[2]

Two distinct business lines A pristine balance sheet justifies an expensive valuation Risk factors to my case I usually do not start with the history of a company to present my investment thesis, but Texas Pacific Land Corp. (TPL, Financial) is such an atypical enterprise that it is better to start from the beginning. Its historical background explains its current business model. Founded in 1871, Texas and Pacific Railway Company was created through a federal charter to build a railway that would link East ...