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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 | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 617.10 | 0 | 09:09:32 |
Texas Pacific Land Trust (NYSE:TPL):
TEXAS PACIFIC LAND TRUST REPORT OF OPERATIONS - UNAUDITED
Three Months Ended
June 30, 2016 June 30, 2015 Oil and gas royalties $ 6,866,702 $ 5,699,594 Land sales -- 160,000 Easements and sundry income 9,198,970 5,802,945 Other income 130,438 132,595 Total income $ 16,196,110 $ 11,795,134 Provision for income tax $ 4,980,353 $ 3,533,021 Net income $ 10,123,117 $ 7,416,012 Net income per sub-share $ 1.26 $ .90 Average sub-shares outstanding during period 8,048,500 8,244,345
Six Months Ended
June 30, 2016 June 30, 2015 Oil and gas royalties $ 12,477,453 $ 12,224,859 Land sales 86,000 20,428,000 Easements and sundry income 15,269,943 13,605,939 Other income 260,817 275,689 Total income $ 28,094,213 $ 46,534,487 Provision for income tax $ 8,502,716 $ 15,122,543 Net income $ 17,403,168 $ 29,582,101 Net income per sub-share $ 2.16 $ 3.58 Average sub-shares outstanding during period 8,064,759 8,262,482This 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/20160728006528/en/
Texas Pacific Land TrustDavid M. Peterson, 214-969-5530General Agent, Chief Executive Officer
1 Year Texas Pacific Land Chart |
1 Month Texas Pacific Land Chart |
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