DALLAS (AP) _ Texas Pacific Land Trust (TPL) on Thursday reported second-quarter net income of $27.6 million.

On a per-share basis, the Dallas-based company said it had profit of $3.56.

The landowner posted revenue of $54.6 million in the period.

Texas Pacific shares have declined 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $554.57, a decline of 27% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TPL at https://www.zacks.com/ap/TPL

Automated Insights, source Associated Press News