TPL Stock Recent News

Texas Pacific Land Corporation (TPL) Q3 2023 Earnings Call Transcript

The upward trajectory in costs is expected to have affected Texas Pacific Land's (TPL) earnings in Q3.

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release third quarter 2023 financial results after the market closes on Wednesday, November 1, 2023. A conference call will be held on Thursday, November 2, 2023 at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at www.texaspacific.com. To listen to the live broadcast, go to the s.

The new Cooperation Agreement will allow major shareholders of Texas Pacific Land to vote freely and improve governance. Although two of the major promoters of the legal issues will retire soon, they haven't ceased the lawsuit. TPL has the best business model to gain exposure to the oil and gas markets, but I consider the stock to be overvalued with a current fair price of $1,433.

Texas Pacific Land Corp is one of the largest land and mineral rights owners in the US, with access to natural resources. TPL has delivered impressive returns of around 31,000% since the turn of the century. The company's future growth opportunities include solar farms, wind farms, and other innovative land uses, while its main revenue source remains oil royalties.

Founded in 1888, Texas Pacific Land Corp ( TPL , Financial) is one of the largest landowners in the state of Texas with approximately 900,000 acres of land in West Texas. The company operates in the Oil & Gas industry and primarily generates revenue through oil and gas royalties, easements, and land sales.

Texas Pacific Land Corp ( TPL , Financial) is a prominent player in the Oil & Gas industry. As of August 3, 2023, the company's stock price stands at $1559.77, with a market cap of $12 billion.

Texas Pacific Land Corporation (NYSE:TPL ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Shawn Amini - VP, Finance & IR Tyler Glover - President & CEO Chris Steddum - CFO Conference Call Participants Derrick Whitfield - Stifel Hamed Khorsand - BWS Financial Operator Good day, and welcome to the Texas Pacific Land Corporation Second Quarter 2023 Earnings Call. All participants are in a listen-only mode.

Texas Pacific (TPL) came out with quarterly earnings of $13.05 per share, beating the Zacks Consensus Estimate of $11.11 per share. This compares to earnings of $15.37 per share a year ago.

On July 28, 2023, renowned investor Murray Stahl (Trades, Portfolio) reduced his stake in Texas Pacific Land Corp ( TPL , Financial), a significant transaction that warrants a closer look. This article will delve into the details of the transaction, provide an overview of Stahl's investment philosophy and portfolio, and examine the performance and prospects of Texas Pacific Land Corp. We will also compare Stahl's holdings in TPL with those of other prominent gurus.