DALLAS (AP) _ Texas Pacific Land Trust (TPL) on Monday reported third-quarter net income of $46.3 million.
On a per-share basis, the Dallas-based company said it had profit of $5.97.
The landowner posted revenue of $74.4 million in the period.
Texas Pacific shares have decreased 40% since the beginning of the year. In the final minutes of trading on Monday, shares hit $465.44, a decline of 18% in the last 12 months.
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