DALLAS (AP) _ Texas Pacific Land Trust (TPL) on Thursday reported first-quarter net income of $57.4 million.
The Dallas-based company said it had profit of $7.40 per share.
The landowner posted revenue of $96.6 million in the period.
Texas Pacific shares have fallen 27% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $570.15, a fall of 31% 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