Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the hel ...

Texas Pacific (TPL) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TPL broke through the 20-day moving average, which suggests a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. L ...

After reaching an important support level, Texas Pacific (TPL) could be a good stock pick from a technical perspective. TPL surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend. TPL has rallied 19.5% over the past four weeks, and the company is a Zacks Rank #2 (Buy) at the moment. This combination suggests TPL could be on the verge of another move higher. With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep the ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Texas Pacific (TPL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question. Texas Pacific is one of 248 individual stocks in the Oils-Energy sector. Co ...

While there are numerous reasons why the stock of this landowner is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. Investors seek growth ...

Texas Pacific Land Corporation (NYSE:TPL) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Shawn Amini - Vice President, Finance and Investor Relations Tyler Glover - Chief Executive Officer Robert Crain - Executive Vice President, Texas Pacific Water Resources Chris Steddum - Chief Financial Officer Conference Call Participants Hamed Khorsand - BWS Financial John Annis - Stifel Operator Greetings and welcome to Texas Pacific Land Corporation First Quarter 2024 Earnings Call. [Op ...

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 March 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 ______ Commission File Number: 1-39804 Exact name of registrant as specified in its charter: Texas Pacific Land Corporation State or other jurisdict ...

Exhibit 99.1 TEXAS PACIFIC LAND CORPORATION ANNOUNCES FIRST QUARTER RESULTS AND RECORD WATER SEGMENT REVENUES Earnings Call to be held 7:30 am CT on Thursday, May 9, 2024 DALLAS, TX (May 8, 2024) – Texas Pacific Land Corporation (NYSE: TPL) (the "Company" or "TPL") today announced its financial and operating results for the first quarter of 2024. First Quarter 2024 Highlights Reconciliations of Non-GAAP measures are provided in the tables below. (1) "Driven by the continued strength of our surface-derived c ...

Texas Pacific Land Corporation (NYSE:TPL) Q4 2023 Earnings Conference Call February 22, 2024 8:30 AM ET Company Participants Shawn Amini - Finance and Investor Relations Ty Glover - Chief Executive Officer Chris Steddum - Chief Financial Officer Conference Call Participants Hamed Khorsand - BWS Financial Nate Pendleton - Stifel Operator Ladies and gentlemen, good morning, and welcome to the Texas Pacific Land Corporation Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a l ...

Financial Performance - Total revenues for 2023 were $631,595,000, a decrease of 5.4% from $667,422,000 in 2022[21] - Net income for 2023 was $405,645,000, down 9.1% from $446,362,000 in 2022[21] - The Land and Resource Management segment generated total revenue of $432,105,000 in 2023, accounting for 69% of consolidated revenue[28] - Water Services and Operations segment revenue for 2023 was $199,490,000, representing 31% of consolidated revenue, up from $160,447,000 (24%) in 2022 and $130,571,000 (29%) in 2021[35] - Adjusted EBITDA for 2023 was $541.4 million, down from $591.8 million in 2022, a decrease of 8.5%[176] - Free Cash Flow for 2023 was $415.5 million, compared to $451.6 million in 2022, reflecting a decline of 8.0%[176] Revenue Sources - Oil and gas royalties accounted for 57% of the Land and Resource Management segment revenue in 2023, totaling $357,394,000[28] - Revenue from easements and other surface-related income increased to $67,905,000 in 2023, representing 11% of total segment revenue[28] - Water sales increased by 21.8% in volume during 2023 compared to 2022, contributing to the revenue growth[36] - Oil and gas royalty revenue decreased by 21.0% to $357.4 million for the year ended December 31, 2023, with average realized prices declining 30.0% to $42.58 per Boe[162] - Water sales revenue increased by 32.4% to $112.2 million in 2023, driven by a 21.8% increase in water sales volumes[170] - Produced water royalties increased to $84.3 million in 2023 from $72.2 million in 2022, reflecting higher produced water volumes[171] Operational Highlights - The number of drilled but uncompleted (DUC) wells under the company's royalty interest increased to 675 in 2023 from 584 in 2022[30] - The average total equivalent price for oil and gas was $42.58 per barrel of oil equivalent (Boe) in 2023, a decrease of 30.0% from $60.81 per Boe in 2022[29] - The average WTI Cushing price per barrel in 2023 was $77.58, down from $94.90 in 2022, while the Henry Hub average price per mmbtu decreased from $6.45 to $2.53[133] - Oil production volumes increased to 3,701 MBbls in 2023 from 3,401 MBbls in 2022, representing an 8.8% increase[164] - The average monthly horizontal permits in the Permian Basin decreased to 499 in 2023 from 627 in 2022, and the average monthly horizontal wells drilled fell to 422 from 511[133] - The average weekly horizontal rig count in the Permian Basin was 323 in 2023, slightly up from 318 in 2022[133] Strategic Initiatives - The company is exploring new opportunities in renewable energy and technology, including carbon capture and bitcoin mining facilities[26] - The company has a long-term strategy focused on optimizing cash flow margins with low ongoing capital expenditure requirements[16] - The company invested $15.2 million in TPWR projects and acquired groundwater rights for $3.8 million to enhance water sourcing assets[37] - A saltwater disposal easement was acquired for $17.6 million, covering approximately 49,000 acres, providing future disposal opportunities[37] Risk Factors - The business is subject to fluctuations in oil and gas market prices, which can impact revenues from oil and gas royalties[56] - Future revenue may be negatively impacted by industry trends such as decarbonization and shifts towards renewable energy sources, affecting demand for oil and natural gas[62] - Cybersecurity threats pose a significant risk to the company's operations, as reliance on digital technologies increases vulnerability to attacks and data breaches[63] - Supply chain risks, including material shortages and price increases due to macroeconomic conditions, could adversely affect the company's revenues and operating costs[67] - The evolving regulatory and legal environment may impact the company's operations and financial performance, necessitating ongoing adjustments to compliance strategies[84] Corporate Governance - The company completed its Corporate Reorganization from a business trust to a corporation on January 11, 2021, changing its name from Texas Pacific Land Trust to Texas Pacific Land Corporation[200] - Rhys J. Best became the Chair of the Board on November 10, 2023, and no longer serves on any committees of the Board[202] - General Donald G. Cook has extensive governance experience and served on the board of Burlington Northern Santa Fe Railroad during its sale to Berkshire Hathaway in a transaction valued at $44 billion[203] - Barbara J. Duganier has been a member of the Board since January 11, 2021, and previously held various leadership positions at Accenture, including Global Chief Strategy Officer[207] - Donna E. Epps served as an attest Partner at Deloitte LLP from 1998 through 2003 and has over 30 years of experience in risk and financial advisory[209] - Karl F. Kurz has extensive private equity experience and previously served as Chief Operating Officer at Anadarko Petroleum Corporation[211] Environmental and Safety Measures - The company reported zero spills of produced water in 2023 and 2022, highlighting its focus on environmental safety[48] - The company has spent $15.8 million on electric infrastructure to reduce costs and emissions, reflecting its commitment to sustainability[48] - The company has established a comprehensive cybersecurity program aligned with the NIST Cybersecurity framework to manage material risks from cybersecurity threats[96] - The company conducts annual external penetration testing and disaster recovery testing to evaluate its cybersecurity risk program[99] - The company has implemented annual information security training for all employees to raise awareness of potential cybersecurity threats[106]