Group 1 - Tethys Petroleum Limited has received an Ecology permit for oil production at Kulbas, valid through December 31, 2024 [1] - The company is in the process of commissioning facilities to start production from KBD 2 and KBD 6 as soon as possible, with commissioning for KBD 7 scheduled to begin on December 1, 2024 [1] - The Ecology permit application for 2025 is currently under review, and the permit for gas flaring for 2025 has already been received [1] Group 2 - Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region [2]

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 .There are not many stocks I discuss as much as the Texas Pacific Land Corporation (NYSE: TPL ) . Since I started buying the company, I have brought it up in many articles and podcasts and discussed it in countless direct messagesAnalyst’s Disclosure: I/we have a beneficial long ...

Exhibit 99.1 TEXAS PACIFIC LAND CORPORATION ANNOUNCES THIRD QUARTER RESULTS Earnings Call to be held 7:30 am CT on Thursday, November 7, 2024 DALLAS, TX (November 6, 2024) – Texas Pacific Land Corporation (NYSE: TPL) (the "Company" or "TPL") today announced its financial and operating results for the third quarter of 2024. Third Quarter 2024 Highlights • Acquired mineral interests across approximately 4,106 net royalty acres located in the northern Delaware Basin for a purchase price of $120.3 million, net ...

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 ...

Group 1 - Texas Pacific Land Corporation (TPL) has a market capitalization of $18.46 billion and is a significant player in Texas land ownership, particularly in the Permian Basin [1] - TPL's extensive land bank positions it uniquely within the energy sector, providing potential for long-term growth and investment opportunities [1] Group 2 - The article emphasizes the importance of fundamental analysis over short-term market fluctuations, indicating a focus on long-term stock positions [1]

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 (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 ...

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]

Core Viewpoint - Texas Pacific Land Corp. (TPL) operates as a unique real estate company with a focus on land ownership and royalty collection, primarily benefiting from the oil and gas sector while also diversifying into water and renewable energy businesses [4][10][17] Business Model - The company has two distinct business lines: leasing land to oil producers and generating revenue from water-related services, including production, treatment, and desalination [6][11] - TPL holds approximately 880,000 acres in the Permian Basin, which is the highest-producing oil field in the U.S., producing 1.60 million barrels of oil per day [10] Financial Performance - TPL has a pristine balance sheet with no debt and $837 million in cash, supported by an operating margin that has fluctuated between 72% and 96% since 2016, currently at 78.50% [7] - The company reported a free cash flow of $114.5 million in the first quarter of 2024, with total revenue increasing by 18.90% year-over-year, driven significantly by a $15.40 million increase in water sales [11][12] Growth Potential - The water business is identified as a key growth area, with ongoing investments in energy-efficient technologies and infrastructure to support increased capacity [11] - TPL's revenue streams are diversified, including fixed-fee payments, royalties from oil and gas, and revenues from infrastructure projects like solar and wind installations [10][11] Valuation and Market Position - The stock has seen a significant price increase, trading around 40 times earnings after a recent rally, making it less attractive at current levels but still a candidate for accumulation as the market cools [7][17] - TPL is often misclassified as an energy company; however, it primarily operates as a real estate firm with a unique competitive advantage due to its land ownership [10][17] Long-term Outlook - The company is positioned for long-term growth, with a historical average revenue growth of 40% per year over the last decade, suggesting that financials will likely adjust the valuation positively without needing a market pullback [15][17] - TPL's management is aligned with shareholder interests, focusing on share buybacks and reinvestment in growth initiatives [16][17]