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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Texas Pacific Land Corporation | NYSE:TPL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-6.14 | -1.01% | 601.54 | 606.33 | 597.59 | 606.31 | 71,451 | 01:00:00 |
Texas Pacific Land Trust (NYSE:TPL):
TEXAS PACIFIC LAND TRUSTREPORT OF OPERATIONS - UNAUDITED
Three Months Ended
December 31, 2016 December 31, 2015 Oil and gas royalties $ 9,064,633$
6,574,701
Land sales 2,374,000 300,000 Easements and sundry income* 5,999,978 7,716,059 Other income 134,390 130,298 Total income $ 17,573,001 $ 14,721,058 Provision for income tax $ 5,174,389 $ 4,350,113 Net income $ 10,906,970 $ 8,995,057 Net income per sub-share $ 1.37 $ 1.10 Average sub-shares outstanding during period 7,936,789 8,154,321Year Ended
December 31, 2016 December 31, 2015 Oil and gas royalties $ 29,996,962 $ 24,860,205 Land sales 2,945,505 22,616,635 Easements and sundry income* 26,470,669 31,413,158 Other income 527,331 552,295 Total income $ 59,940,467 $ 79,442,293 Provision for income tax $ 17,847,370 $ 25,244,515 Net income $ 37,239,550 $ 50,038,507 Net income per sub-share $ 4.66 $ 6.10 Average sub-shares outstanding during period 7,989,030 8,197,632*The Trust deferred $2,083,355 of easement income for the fourth quarter of 2016 and $7,809,669 for the year ended 2016 due to the transition to term easements.
This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the Trust's future operations and prospects, the markets for real estate in the areas in which the Trust owns real estate, applicable zoning regulations, the markets for oil and gas, production limits on prorated oil and gas wells authorized by the Railroad Commission of Texas, expected competition, management's intent, beliefs or current expectations with respect to the Trust's future financial performance and other matters. We assume no responsibility to update any such forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170131006367/en/
Texas Pacific Land TrustRobert J. Packer, 214-969-5530General Agent, Chief Financial Officer
1 Year Texas Pacific Land Chart |
1 Month Texas Pacific Land Chart |
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