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Texas Pacific Land (TPL)
NYSE:TPL
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
4.97Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -6.95%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in production volumes, strategic investments, and shareholder returns, indicating strong company performance. Despite challenges such as declining realized prices and costly disposal wells in New Mexico, the overall sentiment leans positive due to the robust growth and future opportunities discussed.Company Guidance
During the Texas Pacific Land Corporation Fourth Quarter 2024 Earnings Call, significant guidance was provided highlighting the company's remarkable achievements and strategic outlook. In 2024, TPL set records with a 14% increase in oil and gas royalty production, a 31% rise in water sales volumes, and a 37% increase in produced water royalty volumes. The company's strategic investments in technology and infrastructure led to a 23% year-over-year increase in surface and water revenues. Over $400 million was invested in acquiring high-quality Permian assets, contributing to a record shareholder return of $376 million through dividends and buybacks. Looking to 2025, the company anticipates a promising outlook for the Permian, with a 20% increase in new permits and a continued focus on next-generation opportunities like data centers and water desalination. TPL aims to invest $65 to $75 million in capital expenditures, including $28 million for produced water desalination and gas generation projects, while returning substantial capital to shareholders. The company maintains a strong balance sheet with zero debt and a year-end cash balance of approximately $370 million.Record Production Volumes
Oil and gas royalty production volumes increased 14%, water sales volumes increased 31%, and produced water royalty volumes increased 37% year-over-year, all representing corporate records.
Strategic Investments Yield Results
Surface and water revenues were up 23% year-over-year due to strategic investments in people, technology, and infrastructure.
Significant Shareholder Returns
TPL returned a record $376 million to shareholders in 2024 through dividends and buybacks.
Positive Permian Outlook
Fourth quarter 2024 new permits in the Permian were up approximately 20% year-over-year with a constructive outlook for 2025.
Innovative Growth Opportunities
TPL is exploring opportunities in data centers, power generation, and grid infrastructure, leveraging its assets for future growth.
Desalination and Reuse Advancement
Construction of a 10,000 barrel per day desalination test facility is underway, with completion expected mid-2025, and multiple beneficial reuse initiatives are advancing.
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TPL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TPL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $1403.30 | $1429.41 | +1.86% |
| Nov 06, 2024 | $1326.80 | $1332.48 | +0.43% |
| Aug 07, 2024 | $770.31 | $824.91 | +7.09% |
| May 08, 2024 | $552.84 | $603.60 | +9.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Texas Pacific Land (TPL) report earnings?
Texas Pacific Land (TPL) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Texas Pacific Land (TPL) earnings time?
Texas Pacific Land (TPL) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPL EPS forecast?
Currently, no data Available
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