Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

TEXAS PACIFIC LAND CORPORATION

(TPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

TEXAS PACIFIC LAND : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

05/06/2021 | 04:44pm EDT

Cautionary Statement Regarding Forward-Looking Statements


Statements in this Quarterly Report on Form 10-Q that are not purely historical
are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934,
including statements regarding management's expectations, hopes, intentions or
strategies regarding the future. Words or phrases such as "expects" and
"believes", or similar expressions, when used in this Form 10-Q or other filings
with the Securities and Exchange Commission (the "SEC"), are intended to
identify "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements include
statements regarding the Company's future operations and prospects, the severity
and duration of the COVID-19 pandemic and related economic repercussions, the
markets for real estate in the areas in which the Company owns real estate,
applicable zoning regulations, the markets for oil and gas including actions of
other oil and gas producers or consortiums worldwide such as OPEC+, expected
competition, management's intent, beliefs or current expectations with respect
to the Company's future financial performance and other matters. All
forward-looking statements in this Report are based on information available to
us as of the date this Report is filed with the Securities and Exchange
Commission (the "SEC"), and we assume no responsibility to update any such
forward-looking statements, except as required by law. All forward-looking
statements are subject to a number of risks, uncertainties and other factors
that could cause our actual results, performance, prospects or opportunities to
differ materially from those expressed in, or implied by, these forward-looking
statements. These risks, uncertainties and other factors include, but are not
limited to, the factors discussed in Item 1A. "Risk Factors" of Part I of our
Annual Report on Form 10-K for the year ended December 31, 2020, and in Part I,
Item 2. "Management's Discussion and Analysis of Financial Condition and Results
of Operations" and Part II, Item 1A. "Risk Factors" of this Quarterly Report on
Form 10-Q.

The following discussion and analysis should be read together with (i) the
factors discussed in Item 1A. "Risk Factors" of Part I of our Annual Report on
Form 10-K for the year ended December 31, 2020, (ii) the factors discussed in
Part II, Item 1A. "Risk Factors," if any, of this Quarterly Report on Form 10-Q
and (iii) the Financial Statements, including the Notes thereto, and the other
financial information appearing elsewhere in this Report. Period-to-period
comparisons of financial data are not necessarily indicative, and therefore
should not be relied upon as indicators, of the Company's future performance.

Overview


Texas Pacific Land Corporation (which, together with its subsidiaries as the
context requires, may be referred to as "TPL", the "Company", "our", "we" or
"us") is one of the largest landowners in the State of Texas with approximately
880,000 acres of land, comprised of a number of separate tracts, located in 19
counties in West Texas, with the majority of our ownership concentrated in the
Permian Basin. Additionally, we own a 1/128th nonparticipating perpetual oil and
gas royalty interest ("NPRI") under approximately 85,000 acres of land and a
1/16th NPRI under approximately 371,000 acres of land in the western part of
Texas, as well as approximately 4,000 additional net royalty acres (normalized
to 1/8th).

We completed our reorganization from a business trust to a corporation (the
"Corporate Reorganization") on January 11, 2021, changing our name from Texas
Pacific Land Trust (the "Trust") to Texas Pacific Land Corporation. Any
references in this Quarterly Report on Form 10-Q to the Company, TPL, our, we,
or us with respect to periods prior to January 11, 2021 will be in reference to
the Trust, and references to periods on that date and thereafter will be in
reference to Texas Pacific Land Corporation or TPL Corporation. For further
information on the Corporate Reorganization, see   Note 7, "    Changes in

Equity" in the notes to the condensed consolidated financial statements.


Our surface and royalty ownership allow steady revenue generation through the
entire value chain of oil and gas development. While we are not an oil and gas
producer, we benefit from various revenue sources throughout the life cycle of a
well. During the initial development phase where infrastructure for oil and gas
development is constructed, we receive fixed fee payments for use of our land
and revenue for sales of materials (caliche) used in the construction of the
infrastructure. During the drilling and completion phase, we generate revenue
for providing sourced water and/or treated produced water in addition to fixed
fee payments for use of our land. During the production phase, we receive
revenue from our oil and gas royalty interests and also revenues related to
saltwater disposal on our land. In addition, we generate revenue from pipeline,
power line and utility easements, commercial leases, material sales and seismic
and temporary permits principally related to a variety of land uses, including
midstream infrastructure projects and processing facilities as hydrocarbons are
processed and transported to market.

A significant portion of our revenues is generated from our business activity in
the Permian Basin and derived primarily from oil, gas and produced water
royalties, sales of water and land, easements and commercial leases. Due to the
nature of our operations, our revenue is subject to substantial fluctuations
from quarter to quarter and year to year. The demand
                                       10
--------------------------------------------------------------------------------
  Table of Contents
for, and sale price of, particular tracts of land are influenced by many factors
beyond our control, including general economic conditions, the rate of
development in nearby areas and the suitability of the particular tract for
commercial uses prevalent in western Texas.

As our oil and gas revenue is derived from our oil and gas royalty interests, in
addition to fluctuating in response to the market prices for oil and gas, our
oil and gas royalty revenues are also subject to decisions made by the owners
and operators of the oil and gas wells to which our royalty interests relate as
to investments in and production from those wells.

Our revenue from easements is primarily generated from pipelines transporting
oil, gas and related hydrocarbons, power line and utility easements and
subsurface wellbore easements. The majority of our easements have a thirty-plus
year term but subsequently renew every ten years with an additional payment.
Commercial lease revenue is derived primarily from processing, storage and
compression facilities and roads.

Texas Pacific Water Resources LLC ("TPWR"), a single member Texas limited
liability company owned by the Company, provides full-service water offerings to
operators in the Permian Basin. These services include, but are not limited to,
water sourcing, produced-water gathering/treatment, infrastructure development,
disposal solutions, water tracking, analytics and well testing services. TPWR's
revenue streams principally consist of revenue generated from sales of sourced
and treated water as well as revenues from produced water royalties. We are
committed to sustainable water development. Our significant surface ownership in
the Permian Basin provides TPWR with a unique opportunity to provide multiple
full-service water offerings to operators.

During the three months ended March 31, 2021, we invested approximately $2.7 million in TPWR projects to maintain and/or enhance water sourcing assets.

Market Conditions

COVID-19 Pandemic and Impact of Increased Supply by OPEC+


The uncertainty caused by the global spread of COVID-19, together with the
increased supply of oil and gas by member nations of OPEC+, led to declines in
crude oil prices and a reduction in global demand for oil and gas beginning in
the first quarter of 2020. These events led to production curtailments and/or
conservation of capital by the owners and operators of the oil and gas wells to
which the Company's royalty interests relate. These events negatively affected
the Company's business and operations for 2020. The lingering impact of these
events continues to reduce the demand for oil in 2021, and we expect that these
events will continue to affect our financial results in 2021.

In response to these events, we implemented certain cost reduction measures
during 2020 and continue to identify additional cost reduction opportunities in
2021, thus reducing our operating expenses. Our immediate focus was negotiating
price reductions and discounts with certain vendors and reducing our usage of
independent contract service providers. As part of our longer-term water
business strategy, we have invested in electrifying our water sourcing
infrastructure. The use of electricity instead of fuel-powered generators to
source and transport water translates into reduced fuel, equipment rental and
repairs and maintenance costs. This strategy not only reduces our current
expenses but affords us the ability to continue cost savings in the future.
Additionally, our investment in automation has allowed us to curtail our
reliance on independent contract service providers to support our field
operations.

Our primary focus has always been, and will continue to be, on maintaining a
safe and healthy work environment for our employees. Our information technology
infrastructure has afforded us the opportunity to allow our corporate employees
to work remotely and we have deployed additional safety and sanitation measures
for our field employees.

Despite the uncertainty caused by these events, we believe our longevity in the industry, strong financial position and our capital resource allocation discipline have equipped us with the tools necessary to continue navigating through the uncertainty.

Permian Basin Activity


The Permian Basin is one of the oldest and most well-known hydrocarbon-producing
areas and currently accounts for a substantial portion of oil and gas production
in the United States, covering approximately 86,000 miles and 52 counties across
southeastern New Mexico and western Texas. All of our assets are located in West
Texas.

                                       11
--------------------------------------------------------------------------------
  Table of Contents
With our ownership concentration in the Permian Basin, our revenues are directly
impacted by oil and gas pricing and drilling activity in the Permian Basin.
Below are metrics for the three months ended March 31, 2021 and 2020:

                                                                 Three Months Ended
                                                                      March 31,
                                                                  2021            2020
Oil and Gas Pricing Metrics:(1)
WTI average price per bbl                                   $    58.09          $ 45.34
Henry Hub average price per mmbtu                           $     3.50      

$ 1.90

Activity Metrics specific to the Permian Basin:(1)(2) Average monthly horizontal permits

                                       446          721
Average monthly horizontal wells drilled                                 343          575
Average monthly horizontal rig count                                     189          384
DUCs as of March 31 for each applicable year                     4,617      

4,921


Total Average US weekly horizontal rig count (2)                         350          703




(1) Commonly used definitions in the oil and gas industry provided in the table
above are defined as follows: WTI represents West Texas Intermediate. Bbl
represents one barrel of 42 U.S. gallons of oil. Mmbtu represents one million
British thermal units, a measurement used for natural gas. DUCs represents
drilled but uncompleted wells.

(2) Permian specific information per Enverus analytics. US weekly horizontal rig counts per Baker Hughes United States Rotary Rig Count for horizontal rigs.


  The metrics above demonstrate the shifts in activity in the Permian Basin from
the first quarter of 2020 to the first quarter of 2021. While oil and gas
prices, which began declining in the first quarter of 2020 (prior to oil
reaching record lows in the second quarter of 2020), have rebounded in the first
quarter of 2021, development, drilling and completion and production activities
have not returned to their previous levels. Operators are cautiously managing
their capital allocations by deploying at a decreased pace of development while
oil demand begins to recover. As we are a significant landowner in the Permian
Basin and not an oil and gas producer, our revenue is affected by the
development decisions made by companies that operate in the areas where we own
royalty interests and land. Accordingly, these decisions made by others affect
not only our production and produced water disposal volumes but also directly
impact our surface-related income and water sales.

  Winter Storm Uri, in February 2021, created operational issues in the Permian
Basin which impacted not only production from existing wells, but development
and completion of new wells. As discussed above, we generate revenue through
each phase of the life cycle of a well. While Winter Storm Uri directly impacted
production and produced water disposal volumes, the effects on our results were
tempered by increased oil and gas prices during the first quarter of 2021.

Liquidity and Capital Resources


Our principal sources of liquidity are revenues from oil, gas and produced water
royalties, easements and other surface-related income and water and land sales.
Our primary liquidity and capital requirements are for capital expenditures
related to our Water Services and Operations segment, working capital and
general corporate needs.

We continuously review our liquidity and capital resources. If market conditions
were to change and our revenue was to decline significantly or operating costs
were to increase significantly, our cash flows and liquidity could be reduced.
Should this occur, we could seek alternative sources of funding, including
potential future borrowing under a credit facility or other financing options.
We have no debt or credit facilities as of March 31, 2021 and have no immediate
plans to enter into such arrangements.

As of March 31, 2021, we had cash and cash equivalents of $310.7 million that we
expect to utilize, along with cash flow from operations, to provide capital to
support the growth of our business, particularly the growth of TPWR, to
repurchase our Common Stock subject to market conditions, to pay dividends
subject to the discretion of the board of directors and for
                                       12
--------------------------------------------------------------------------------
  Table of Contents
general corporate purposes. We believe that cash from operations, together with
our cash and cash equivalents balances, will be sufficient to meet ongoing
capital expenditures, working capital requirements and other cash needs for the
foreseeable future.

Results of Operations

We operate our business in two segments: Land and Resource Management and Water
Services and Operations. We eliminate any inter-segment revenues and expenses
upon consolidation.

We analyze financial results for each of our reportable segments. The reportable segments presented are consistent with our reportable segments discussed in

  Note 8. "Business Segment Reporting"   in the notes to the condensed
consolidated financial statements in this Quarterly Report on Form 10-Q. We
monitor our reporting segments based upon revenue and net income calculated in
accordance with accounting principles generally accepted in the United States of
America ("GAAP").

As previously discussed above under "Market Conditions," our results of
operations for the three months ended March 31, 2021 have been negatively
impacted by the lingering reduction in demand for oil and Winter Storm Uri.
These combined circumstances have affected not only our production and produced
water volumes, but also directly impacted our surface-related income and water
sales as discussed further below.

For the three months ended March 31, 2021 as compared to the three months ended March 31, 2020


Revenues. Revenues decreased $12.4 million, or 12.9%, to $84.2 million for the
three months ended March 31, 2021 compared to $96.6 million for the three months
ended March 31, 2020. Net income decreased $7.3 million, or 12.8%, to $50.1
million for the three months ended March 31, 2021 compared to $57.4 million for
the three months ended March 31, 2020.

The following is an analysis of our operating results for the comparable periods by reportable segment (in thousands):

                                                                           Three Months Ended March 31,
                                                                     2021                                  2020
Revenues:
Land and resource management:
Oil and gas royalties                                 $      49,533                59  %       $ 42,360                44  %
Easements and other surface-related income                    8,187                10  %         13,298                14  %
Land sales and other operating revenue                           70                 -  %          1,000                 1  %
                                                             57,790                69  %         56,658                59  %
Water services and operations:
Water sales                                                  12,956                15  %         26,967                28  %
Produced water royalties                                     12,549                15  %         12,506                13  %
Easements and other surface-related income                      860                 1  %            463                 -  %
                                                             26,365                31  %         39,936                41  %
Total consolidated revenues                           $      84,155               100  %       $ 96,594               100  %

Net income:
Land and resource management                          $      39,513                79  %       $ 39,118                68  %
Water services and operations                                10,539                21  %         18,283                32  %
Total consolidated net income                         $      50,052               100  %       $ 57,401               100  %



Land and Resource Management

Land and Resource Management segment revenues increased $1.1 million, or 2.0%,
to $57.8 million for the three months ended March 31, 2021 as compared with
$56.7 million for the comparable period of 2020. The increase in Land and
Resource Management segment revenues is principally due to an increase in gas
royalty revenue, partially offset by decreases in easements and other
surface-related income and, to a lesser extent, oil royalty revenue as discussed
further below.

                                       13
--------------------------------------------------------------------------------
  Table of Contents
Oil and gas royalties. Oil and gas royalty revenue was $49.5 million for the
three months ended March 31, 2021 compared to $42.4 million for the three months
ended March 31, 2020. Oil royalty revenue was $34.2 million for the three months
ended March 31, 2021, a decrease of 4.6% compared to the three months ended
March 31, 2020 when oil royalty revenue was $35.9 million. This decrease in oil
royalty revenue is principally due to a 10.6% decrease in crude oil production
subject to our royalty interests, partially offset by a 6.7% increase in our
average realized price per royalty barrel during the three months ended March
31, 2021 compared to the same period in 2020. Gas royalty revenue was $15.3
million for the three months ended March 31, 2021, an increase of 136.8%
compared to the three months ended March 31, 2020 when gas royalty revenue was
$6.5 million. This increase in gas royalty revenue is principally due to a
121.1% increase in our average realized price for gas production and, to a
lesser extent, a 7.1% increase in gas production subject to our royalty
interests during the three months ended March 31, 2021 compared to the same
period in 2020.

Easements and other surface-related income. Easements and other surface-related
income was $8.2 million for the three months ended March 31, 2021, a decrease of
38.4% compared to $13.3 million for the three months ended March 31, 2020.
Easements and other surface-related income includes pipeline, power line and
utility easements, commercial leases, material sales and seismic and temporary
permits. The decrease in easements and other surface-related income is
principally related to a decrease of $4.9 million in pipeline easement income to
$1.2 million for the three months ended March 31, 2021 from $6.1 million for the
three months ended March 31, 2020. The amount of income derived from pipeline
easements is a function of the term of the easement, the size of the easement
and the number of easements entered into for any given period. Easements and
other surface-related income is dependent on development decisions made by
companies that operate in the areas where we own land and is therefore,
unpredictable and may vary significantly from period to period. See "Market
Conditions" above for additional discussion of decreased development activity in
the Permian Basin during the three months ended March 31, 2021 relative to the
same time period of 2020.

Net income. Net income for the Land and Resource Management segment was $39.5
million for the three months ended March 31, 2021 compared to $39.1 million for
the three months ended March 31, 2020. The increase in net income is principally
due to the $1.1 million increase in segment revenues, partially offset by a
slight increase in segment expenses, including income tax expense. The increase
in segment revenues is principally due to an increase in gas royalty revenue,
partially offset by decreases in easements and other surface-related income and
oil royalty revenues, as discussed above. Total segment expenses were $18.3
million and $17.6 million for the three months ended March 31, 2021 and 2020,
respectively. The overall increase in segment expenses was principally related
to increased income tax expense, depletion expense related to our royalty
interests and increased board of director expenses associated with our Corporate
Reorganization. Expenses are discussed further below under "Other Financial Data
- Consolidated."

Water Services and Operations


Water Services and Operations segment revenues decreased 34.0% to $26.4 million
for the three months ended March 31, 2021 as compared with $39.9 million for the
comparable period of 2020. The decrease in Water Services and Operations segment
revenues is principally due to a decrease in water sales revenue, which is
discussed below. As discussed in "Market Conditions" above, our segment revenues
are directly influenced by development decisions made by our customers and the
overall activity level in the Permian Basin. Accordingly, our segment revenues
and sales volumes, as further discussed below, will fluctuate from period to
period based upon those decisions and activity levels.

Water sales. Water sales revenue was $13.0 million for the three months ended
March 31, 2021, a decrease of $14.0 million or 52.0%, compared with the three
months ended March 31, 2020 when water sales revenue was $27.0 million. This
decrease was principally due to a 40.7% decrease in the number of barrels of
sourced and treated water sold and, to a lesser extent, a 20.4% decrease in the
average sales price per barrel of water for the three months ended March 31,
2021 compared to the same period in 2020.

Produced water royalties. Produced water royalties are royalties received from
the transportation or disposal of produced water on our land. We do not operate
any salt water disposal wells. Produced water royalties were $12.5 million for
the three months ended March 31, 2021 and 2020.

Net income. Net income for the Water Services and Operations segment was $10.5
million for the three months ended March 31, 2021 compared to $18.3 million for
the three months ended March 31, 2020. As discussed above, segment revenues
decreased 34.0% for the three months ended March 31, 2021 compared to the same
period of 2020. Total segment expenses, including income tax expense, were $15.8
million for the three months ended March 31, 2021 as compared to $21.6 million
for the three months ended March 31, 2020. The overall decrease in segment
expenses during 2021 is principally related to decreased water service-related
expenses, primarily equipment rental, fuel and repairs and maintenance and
income tax expense. Expenses are discussed further below under "Other Financial
Data - Consolidated."
                                       14

--------------------------------------------------------------------------------

Table of Contents

Other Financial Data - Consolidated


Salaries and related employee expenses. Salaries and related employee expenses
were $10.0 million for the three months ended March 31, 2021 compared to $10.6
million for the comparable period of 2020. The decrease in salaries and related
employee expenses during 2021 as compared to the same period of 2020 is
principally due to decreased usage of contract labor by our Water Services and
Operations segment.

Water service-related expenses. Water service-related expenses were $3.3 million
for the three months ended March 31, 2021 compared to $6.8 million for the
comparable period of 2020. The decrease in expenses during 2021 is primarily
related to decreased equipment rental, fuel and repairs and maintenance expenses
related to the 40.7% decrease in the number of barrels of sourced and treated
water sold and ongoing cost saving measures as discussed above in "Market
Conditions."

General and administrative expenses. General and administrative expenses
decreased $0.2 million to $2.8 million for the three months ended March 31, 2021
from $3.0 million for the same period of 2020. The decrease in general and
administrative expenses during the three months ended March 31, 2021 compared to
the same period of 2020 is primarily related to decreases associated with
independent contract service providers and travel expenses, partially offset by
increased board of director fees resulting from our Corporate Reorganization in
January 2021.

Legal and professional expenses. Legal and professional fees were $2.2 million
for the three months ended March 31, 2021 compared to $2.4 million for the
comparable period of 2020. Legal and professional fees for the three months
ended March 31, 2021 principally related to the completion of our Corporate
Reorganization effective January 11, 2021. Legal and professional fees for the
three months ended March 31, 2020 principally related to the conversion
exploration committee and planning and preparation for the Corporate
Reorganization.

Depreciation, depletion and amortization. Depreciation, depletion and
amortization was $3.8 million for the three months ended March 31, 2021 compared
to $3.3 million for the three months ended March 31, 2020. The increase in
depreciation, depletion and amortization is principally related to our
investment in water service-related assets placed in service in 2021 and 2020
and, to a lesser extent, increased depletion related to our oil and gas royalty
interests.

Cash Flow Analysis

For the three months ended March 31, 2021 as compared to the three months ended March 31, 2020


Cash flows provided by operating activities for the three months ended March 31,
2021 and 2020 were $52.4 million and $68.6 million, respectively. The decrease
in cash flows provided by operating activities was primarily related to
decreased proceeds from water sales and easements and other surface-related
payments received during the three months ended March 31, 2021.

Cash flows used in investing activities were $1.4 million compared to $24.4 million for the three months ended March 31, 2021 and 2020, respectively. Acquisitions of land and royalty interests were $20.8 million for the three months ended March 31, 2020. There were no acquisitions of land or royalty interests during the three months ended March 31, 2021.


Cash flows used in financing activities were $21.3 million compared to $124.1
million for the three months ended March 31, 2021 and 2020, respectively. During
the three months ended March 31, 2021, we paid total dividends of $21.3 million
consisting of a quarterly cash dividend of $2.75 per share. During the three
months ended March 31, 2020, we paid total dividends of $124.1 million
consisting of an annual cash dividend of $10.00 per Sub-share and a special
dividend of $6.00 per Sub-share.

Off-Balance Sheet Arrangements

The Company has not engaged in any off-balance sheet arrangements.

                                       15
--------------------------------------------------------------------------------
  Table of Contents
Critical Accounting Policies and Estimates

This discussion and analysis of our financial condition and results of
operations is based on our consolidated financial statements, which have been
prepared in accordance with GAAP. The preparation of these financial statements
requires us to make judgments, estimates and assumptions that affect the
reported amounts of assets, liabilities, revenues, expenses and disclosures of
contingent assets and liabilities. For a full discussion of our accounting
policies please refer to Note 2 to the Consolidated Financial Statements
included in our 2020 Annual Report on Form 10-K filed with the SEC on February
25, 2021. Our most critical accounting policies and estimates include our
accrual of oil and gas royalties. We continually evaluate our judgments,
estimates and assumptions. We base our estimates on the terms of underlying
agreements, historical experience and other factors that we believe are
reasonable based on the circumstances, the results of which form our
management's basis for making judgments about the carrying value of assets and
liabilities that are not readily apparent from other sources. Actual results may
differ from these estimates. There have been no material changes to our critical
accounting policies and estimates from the information provided in Item 7.
Management's Discussion and Analysis of Financial Condition and Results of
Operations included in our 2020 Annual Report on Form 10-K.

New Accounting Pronouncements

For further information regarding recently issued accounting pronouncements, see

  Note 2, "Summary of Significant Accounting Policies"   in the notes to the
consolidated financial statements included in   Item 1. "Financial Statements"
in this Quarterly Report on Form 10-Q.

© Edgar Online, source Glimpses

All news about TEXAS PACIFIC LAND CORPORATION
10/19TEXAS PACIFIC LAND CORPORATION : Sets Dates for Third Quarter 2021 Earnings Release and Co..
BU
09/29TEXAS PACIFIC LAND : Credit Suisse Starts Texas Pacific Land Trust at Underperform With $8..
MT
08/26TEXAS PACIFIC LAND CORP : Regulation FD Disclosure (form 8-K)
AQ
08/26TEXAS PACIFIC LAND CORPORATION : Releases Inaugural ESG Disclosure
BU
08/05TEXAS PACIFIC LAND : Management's Discussion and Analysis of Financial Condition and Resul..
AQ
08/05Tranche Update on Texas Pacific Land Corporation's Equity Buyback Plan announced on May..
CI
08/05TEXAS PACIFIC LAND CORP : Results of Operations and Financial Condition (form 8-K)
AQ
08/05Texas Pacific Land Corporation Reports Earnings Results for the Second Quarter Ended Ju..
CI
08/05TEXAS PACIFIC : Q2 Earnings Snapshot
AQ
08/05TEXAS PACIFIC LAND : Earnings Flash (TPL) TEXAS PACIFIC LAND CORPORATION Posts Q2 Revenue ..
MT
More news
Analyst Recommendations on TEXAS PACIFIC LAND CORPORATION
More recommendations