Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) announced today that the Company will release first quarter 2025 financial results after the market closes on Wednesday, May 7, 2025.

A conference call will be held on Thursday, May 8, 2025 at 10:30 a.m. Eastern Time.

Texas Pacific Land Corporation (NYSE: TPL) reported strong financial and operational results for the fourth quarter and full year 2024, achieving record oil and gas royalty production and water service revenues while executing significant acquisitions.

In the fourth quarter, TPL completed the $275.2 million acquisition of mineral interests across 7,490 net royalty acres in the Midland Basin. The company posted record royalty production of 29.1 thousand barrels of oil equivalent (Boe) per day and ended the year with 86.8 net producing wells. Consolidated net income for the quarter was $118.4 million, or $5.14 per diluted share, while adjusted EBITDA reached $161.3 million. Free cash flow totaled $123.7 million, and the company paid a quarterly dividend of $1.60 per share.

For the full year 2024, TPL set multiple records, including oil and gas royalty production averaging 26.8 thousand Boe per day. The Water Service and Operations segment achieved record revenue, with $150.7 million from water sales and $104.1 million from produced water royalties, contributing to total segment revenues of $265.0 million and net income of $139.1 million.

The company advanced its water treatment initiatives, successfully conducting a technology pilot for produced water desalination and beginning construction of a test facility with a 10,000-barrel-per-day capacity.

TPL executed two mineral interest acquisitions totaling $395.5 million, adding approximately 11,600 net royalty acres, and acquired 4,120 surface acres in the Midland Basin for $45.0 million.

Full-year net income was $454.0 million, or $19.72 per diluted share, with adjusted EBITDA of $610.7 million and free cash flow of $461.1 million. The company paid $347.3 million in cash dividends, including a $10.00 per share special dividend, and repurchased $29.2 million in common stock.

CEO Tyler Glover emphasized TPL’s focus on growth through acquisitions and next-generation initiatives, including water desalination and market consolidation opportunities. With a strong asset base and financial position, the company remains well-positioned for future expansion.