TPL Texas Pacific Land Corporation

– Achieved Record Annual Performance From Water Segment

– Earnings Call to be Held Thursday, February 20, 2025 at 7:30 am CT

Texas Pacific Land Corporation (NYSE: TPL) (the “Company,” “TPL,” “we,” “our” or “us”), one of the largest landowners in the State of Texas with surface and royalty ownership that provide revenue opportunities through the support of energy production and extraction, today announced its financial and operating results for the fourth quarter and full year of 2024.

Fourth Quarter 2024 Highlights

• Acquired mineral interests across 7,490 net royalty acres located primarily in the Midland Basin for a purchase price of $275.2 million, net of post-close adjustments, in an all-cash transaction in October 2024.
• Royalty production of 29.1 thousand barrels of oil equivalent (“Boe”) per day, a company record
• As of December 31, 2024, TPL’s royalty acreage had an estimated 6.4 net well permits, 13.2 net drilled but uncompleted wells, 3.0 net completed wells, and 86.8 net producing wells; net producing wells added during the quarter had an average lateral length of approximately 10,100 ft.
• Consolidated net income of $118.4 million, or $5.14 per share (diluted)
• Adjusted EBITDA(1) of $161.3 million
• Free cash flow (1) of $123.7 million
• Quarterly cash dividend of $1.60 per share was paid on December 16, 2024

Full Year 2024 Highlights

• Record oil and gas royalty production of 26.8 thousand Boe per day
• Water Service and Operations segment achieved record performance in 2024 for the following:
  • Water sales revenue of $150.7 million
  • Produced water royalties revenue of $104.1 million
  • Total segment revenues of $265.0 million
  • Total segment net income of $139.1 million
• Developed an energy-efficient method of produced water desalination and treatment; the Company successfully conducted a technology pilot and has begun construction of a sub-scale produced water test facility with an initial capacity of 10,000 barrels of produced water per day
• Three-for-one stock split effected March 26, 2024
• Completed two acquisitions of mineral interests for a combined $395.5 million, both in all cash transactions, adding approximately 11,600 net royalty acres to our existing royalty acreage. The acquisitions were completed in August and October 2024.
• Acquired 4,120 surface acres and other surface-related assets located in the core of the Midland Basin for a purchase price of $45.0 million, in an all-cash transaction closed in August 2024.
• Consolidated net income of $454.0 million, or $19.72 per share (diluted)
• Adjusted EBITDA(1) of $610.7 million
• Free cash flow (1) of $461.1 million
• $347.3 million of total cash dividends paid through December 31, 2024 (composed of a $10.00 per share special dividend and $5.11 per share in regular quarterly cash dividends)
• $29.2 million of common stock repurchases

(1)

 

Reconciliations of non-GAAP performance measures are provided in the tables below.

“Fourth quarter 2024 represented a strong finish to a year full of milestones and accomplishments for TPL,” said Tyler Glover, Chief Executive Officer of the Company. “In the quarter, we delivered record oil and gas royalty production and produced water royalty volumes. For the full year 2024, TPL set annual records across nearly every major performance metric, including oil and gas royalty production, water sales volumes and revenues, produced water royalty volumes and revenues, net income and free cash flow per share. Throughout 2024, we deployed over $400 million towards accretive, high-quality royalty interests and surface assets, providing an incremental growth tailwind.

“Beyond our legacy business, we are keenly pursuing various next-gen growth prospects and continue to advance commercial discussions across numerous opportunities. In addition, construction has begun on our sub-scale produced water desalination test facility, and we remain on-track for a mid-2025 completion. Furthermore, there remains a compelling opportunity to consolidate an enormous, yet fragmented market for oil and gas royalties, surface, and water assets. With our unmatched footprint overlapping premier hydrocarbon and non-hydrocarbon natural resources, TPL remains well-positioned to drive accretive growth.”

Financial Results for the Fourth Quarter of 2024 - Sequential

The Company reported net income of $118.4 million for the fourth quarter of 2024 compared to net income of $106.6 million for the third quarter of 2024.

Total revenues for the fourth quarter of 2024 were $185.8 million compared to $173.6 million for the third quarter of 2024. The increase in revenues was primarily due to a $7.5 million increase in easements and other surface-related income and a $2.5 million increase in oil and gas royalty revenue compared to the third quarter of 2024. The Company’s share of production was 29.1 thousand Boe per day for the fourth quarter of 2024 versus 28.3 thousand Boe per day for the third quarter of 2024, and the average realized price was $37.93 per Boe in the fourth quarter of 2024 compared to $38.04 per Boe in the third quarter of 2024. TPL’s revenue streams are directly impacted by commodity prices and development and operating decisions made by its customers.

Total operating expenses were $43.2 million for the fourth quarter of 2024 compared to $46.2 million for the third quarter of 2024. The decrease in operating expenses was principally related to a $5.8 million decrease in general and administrative expenses and a $2.4 million decrease in water service-related expenses, partially offset by a $5.7 million increase in depreciation, depletion and amortization during the fourth quarter of 2024 over the same period.

Financial Results for the Year Ended December 31, 2024

Total revenues for the year ended December 31, 2024 were $705.8 million compared to $631.6 million for the prior year. All revenue streams except land sales, increased for the year ended December 31, 2024 compared to the prior year, with a $38.5 million increase in water sales being the biggest contributor. The growth in water sales was principally due to an increase of 31.0% in water sales volumes for the year ended December 31, 2024 compared to the prior year. Produced water royalties increased $19.9 million, principally due to increased produced water volumes. Additionally, oil and gas royalty revenue increased $15.9 million, primarily due to higher production volumes for the year ended December 31, 2024 compared to the prior year. Oil and gas royalty revenue for the year ended December 31, 2023 included an $8.7 million settlement with an operator with respect to unpaid oil and gas royalties for older production periods. Excluding the impact of the $8.7 million settlement on oil and gas royalty revenues for the year ended December 31, 2023, oil and gas royalty revenue for the year ended December 31, 2024 increased $24.6 million compared to the prior year. The Company’s share of production was 26.8 thousand Boe per day for the year ended December 31, 2024 versus 23.5 thousand Boe per day for the prior year, and the average realized price was $39.87 per Boe for the year ended December 31, 2024 versus $42.58 per Boe for the prior year. TPL’s revenue streams are directly impacted by commodity prices and development and operating decisions made by its customers.

Total operating expenses were $166.7 million for the year ended December 31, 2024 compared to $145.5 million for the prior year. The increase in operating expenses was principally related to a $12.6 million increase in water service-related expenses, $10.4 million increase in depreciation, depletion and amortization, and a $10.2 million increase in salaries and related employee expenses, partially offset by a $12.0 million decrease in general and administrative expenses.

Quarterly Dividend Declared

On February 18, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $1.60 per share, payable on March 17, 2025 to stockholders of record at the close of business on March 3, 2025.

Conference Call and Webcast Information

The Company will hold a conference call on Thursday, February 20, 2025 at 7:30 a.m. Central Time to discuss fourth quarter and year end results. A live 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 site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.

The conference call can also be accessed by dialing 1-877-407-4018 or 1-201-689-8471. The telephone replay can be accessed by dialing 1-844-512-2921 or 1-412-317-6671 and providing the conference ID# 13745175. The telephone replay will be available starting shortly after the call through March 6, 2025.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 873,000 acres of land, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership provide revenue opportunities throughout the life cycle of a well. These revenue opportunities include fixed fee payments for use of the Company’s land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and/or treated produced water, revenue from the Company’s oil and gas royalty interests, and revenue related to saltwater disposal on the Company’s land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases and temporary permits principally related to a variety of land uses including, but not limited to, midstream infrastructure projects and hydrocarbon processing facilities.

Visit TPL at www.TexasPacific.com.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements in this news release are, and certain statements made on the related conference call may be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on TPL’s beliefs, as well as assumptions made by, and information currently available to, TPL, and therefore involve risks and uncertainties that are difficult to predict. Generally, future or conditional verbs such as “will,” “would,” “should,” “could,” or “may” and the words “believe,” “anticipate,” “continue,” “intend,” “expect” and similar expressions or the negative of such terms identify forward-looking statements. Forward-looking statements include, but are not limited to, references to strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects; statements regarding the anticipated benefits of recent acquisitions; and other statements that are not historical facts. You should not place undue reliance on forward-looking statements. Although TPL believes that plans, intentions and expectations reflected in or suggested by any forward-looking statements made herein are reasonable, TPL may be unable to achieve such plans, intentions or expectations and actual results, and performance or achievements may differ materially from those set forth in the forward-looking statements due to a number of factors, including, but not limited to: the initiation or outcome of potential litigation; and any changes in general economic and/or industry specific conditions; and the other risks discussed in TPL’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. You can access TPL’s filings with the Securities and Exchange Commission (“SEC”) through the SEC’s website at www.sec.gov and TPL strongly encourages you to do so. These forward-looking statements are based only on information available to TPL and speak only as of the date hereof. Except as required by applicable law, TPL undertakes no obligation to update any forward-looking statements or other statements herein for revisions or changes after this communication is made.

FINANCIAL AND OPERATIONAL RESULTS

(unaudited)

 

 

 

Three Months Ended

 

Years Ended

 

 

December 31, 2024

 

September 30, 2024

 

December 31, 2024

 

December 31, 2023(2)

Company’s share of production volumes(1):

 

 

 

 

 

 

 

 

Oil (MBbls)

 

 

1,115

 

 

1,046

 

 

4,118

 

 

3,701

Natural gas (MMcf)

 

 

4,763

 

 

4,654

 

 

17,074

 

 

14,528

NGL (MBbls)

 

 

768

 

 

779

 

 

2,841

 

 

2,453

Equivalents (MBoe)

 

 

2,676

 

 

2,600

 

 

9,804

 

 

8,575

Equivalents per day (MBoe/d)

 

 

29.1

 

 

28.3

 

 

26.8

 

 

23.5

 

 

 

 

 

 

 

 

 

Oil and gas royalty revenue (in thousands):

 

 

 

 

 

 

 

 

Oil royalties

 

$

75,286

 

$

75,427

 

$

298,074

 

$

273,304

Natural gas royalties

 

 

4,882

 

 

4,201

 

 

18,512

 

 

29,915

NGL royalties

 

 

16,786

 

 

14,816

 

 

56,745

 

 

45,510

Total oil and gas royalties

 

$

96,954

 

$

94,444

 

$

373,331

 

$

348,729

 

 

 

 

 

 

 

 

 

Realized prices (1):

 

 

 

 

 

 

 

 

Oil ($/Bbl)

 

$

70.73

 

$

75.53

 

$

75.80

 

$

77.33

Natural gas ($/Mcf)

 

$

1.11

 

$

0.98

 

$

1.17

 

$

2.23

NGL ($/Bbl)

 

$

23.63

 

$

20.57

 

$

21.60

 

$

20.05

Equivalents ($/Boe)

 

$

37.93

 

$

38.04

 

$

39.87

 

$

42.58

____________________________

(1)

 

Term

 

Definition

 

 

Bbl

 

One stock tank barrel of 42 U.S. gallons liquid volume used herein in reference to crude oil, condensate or NGLs.

 

 

MBbls

 

One thousand barrels of crude oil, condensate or NGLs.

 

 

MBoe

 

One thousand Boe.

 

 

MBoe/d

 

One thousand Boe per day.

 

 

Mcf

 

One thousand cubic feet of natural gas.

 

 

MMcf

 

One million cubic feet of natural gas.

 

 

NGL

 

Natural gas liquids. Hydrocarbons found in natural gas that may be extracted as liquefied petroleum gas and natural gasoline.

 

 

 

 

 

(2)

 

The metrics and dollars provided for the year ended December 31, 2023 exclude the impact of an $8.7 million settlement with an operator with respect to unpaid oil and gas royalties.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except share and per share amounts) (unaudited)

 

 

 

Three Months Ended

 

Years Ended

 

 

December 31, 2024

 

September 30, 2024

 

December 31, 2024

 

December 31, 2023

Revenues:

 

 

 

 

 

 

 

 

Oil and gas royalties

 

$

96,954

 

$

94,444

 

$

373,331

 

$

357,394

Water sales

 

 

36,737

 

 

36,211

 

 

150,724

 

 

112,203

Produced water royalties

 

 

28,089

 

 

27,727

 

 

104,123

 

 

84,260

Easements and other surface-related income

 

 

21,761

 

 

14,280

 

 

73,257

 

 

70,932

Land sales

 

 

2,243

 

 

901

 

 

4,388

 

 

6,806

Total revenues

 

 

185,784

 

 

173,563

 

 

705,823

 

 

631,595

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

Salaries and related employee expenses

 

 

14,359

 

 

14,030

 

 

53,621

 

 

43,384

Water service-related expenses

 

 

9,357

 

 

11,731

 

 

46,124

 

 

33,566

General and administrative expenses

 

 

6,752

 

 

12,520

 

 

34,483

 

 

46,450

Depreciation, depletion and amortization

 

 

11,467

 

 

5,762

 

 

25,162

 

 

14,757

Ad valorem and other taxes

 

 

1,305

 

 

2,189

 

 

7,295

 

 

7,385

Total operating expenses

 

 

43,240

 

 

46,232

 

 

166,685

 

 

145,542

 

 

 

 

 

 

 

 

 

Operating income

 

 

142,544

 

 

127,331

 

 

539,138

 

 

486,053

 

 

 

 

 

 

 

 

 

Other income, net

 

 

8,434

 

 

8,086

 

 

39,683

 

 

31,508

Income before income taxes

 

 

150,978

 

 

135,417

 

 

578,821

 

 

517,561

Income tax expense

 

 

32,618

 

 

28,823

 

 

124,861

 

 

111,916

Net income

 

$

118,360

 

$

106,594

 

$

453,960

 

$

405,645

 

 

 

 

 

 

 

 

 

Net income per share of common stock (1)

 

 

 

 

 

 

 

 

Basic

 

$

5.15

 

$

4.64

 

$

19.75

 

$

17.60

Diluted

 

$

5.14

 

$

4.63

 

$

19.72

 

$

17.59

 

 

 

 

 

 

 

 

 

Weighted average number of shares of common stock outstanding (1)

 

 

 

 

 

 

 

 

Basic

 

 

22,974,238

 

 

22,979,781

 

 

22,986,197

 

 

23,044,305

Diluted

 

 

23,015,530

 

 

23,012,169

 

 

23,019,751

 

 

23,059,845

____________________________

(1)

 

All share and share price amounts reflect the three-for-one stock split effected on March 26, 2024.

SEGMENT OPERATING RESULTS

(dollars in thousands) (unaudited)

   

 

 

Three Months Ended

 

 

December 31, 2024

 

September 30, 2024

 

 

Land and Resource Management

 

Water

Services and Operations

 

Consolidated

 

Land and Resource Management

 

Water Services and Operations

 

Consolidated

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Oil and gas royalties

 

$

96,954

 

$

—

 

$

96,954

 

$

94,444

 

$

—

 

$

94,444

Water sales

 

 

—

 

 

36,737

 

 

36,737

 

 

—

 

 

36,211

 

 

36,211

Produced water royalties

 

 

—

 

 

28,089

 

 

28,089

 

 

—

 

 

27,727

 

 

27,727

Easements and other surface-related income

 

 

19,431

 

 

2,330

 

 

21,761

 

 

11,303

 

 

2,977

 

 

14,280

Land sales

 

 

2,243

 

 

—

 

 

2,243

 

 

901

 

 

—

 

 

901

Total revenues

 

 

118,628

 

 

67,156

 

 

185,784

 

 

106,648

 

 

66,915

 

 

173,563

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and related employee expenses

 

 

7,366

 

 

6,993

 

 

14,359

 

 

7,182

 

 

6,848

 

 

14,030

Water service-related expenses

 

 

—

 

 

9,357

 

 

9,357

 

 

—

 

 

11,731

 

 

11,731

General and administrative expenses

 

 

4,509

 

 

2,243

 

 

6,752

 

 

10,359

 

 

2,161

 

 

12,520

Depreciation, depletion and amortization

 

 

7,327

 

 

4,140

 

 

11,467

 

 

2,135

 

 

3,627

 

 

5,762

Ad valorem and other taxes

 

 

1,269

 

 

36

 

 

1,305

 

 

2,189

 

 

—

 

 

2,189

Total operating expenses

 

 

20,471

 

 

22,769

 

 

43,240

 

 

21,865

 

 

24,367

 

 

46,232

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

 

98,157

 

 

44,387

 

 

142,544

 

 

84,783

 

 

42,548

 

 

127,331

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

 

6,317

 

 

2,117

 

 

8,434

 

 

6,446

 

 

1,640

 

 

8,086

Income before income taxes

 

 

104,474

 

 

46,504

 

 

150,978

 

 

91,229

 

 

44,188

 

 

135,417

Income tax expense

 

 

22,543

 

 

10,075

 

 

32,618

 

 

19,359

 

 

9,464

 

 

28,823

Net income

 

$

81,931

 

$

36,429

 

$

118,360

 

$

71,870

 

$

34,724

 

$

106,594

SEGMENT OPERATING RESULTS (Continued)

(dollars in thousands) (unaudited)

   

 

 

Years Ended

 

 

December 31, 2024

 

December 31, 2023

 

 

Land and Resource Management

 

Water Services and Operations

 

Consolidated

 

Land and Resource Management

 

Water Services and Operations

 

Consolidated

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Oil and gas royalties

 

$

373,331

 

$

—

 

$

373,331

 

$

357,394

 

$

—

 

$

357,394

Water sales

 

 

—

 

 

150,724

 

 

150,724

 

 

—

 

 

112,203

 

 

112,203

Produced water royalties

 

 

—

 

 

104,123

 

 

104,123

 

 

—

 

 

84,260

 

 

84,260

Easements and other surface-related income

 

 

63,074

 

 

10,183

 

 

73,257

 

 

67,905

 

 

3,027

 

 

70,932

Land sales

 

 

4,388

 

 

—

 

 

4,388

 

 

6,806

 

 

—

 

 

6,806

Total revenues

 

 

440,793

 

 

265,030

 

 

705,823

 

 

432,105

 

 

199,490

 

 

631,595

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and related employee expenses

 

 

27,493

 

 

26,128

 

 

53,621

 

 

21,945

 

 

21,439

 

 

43,384

Water service-related expenses

 

 

—

 

 

46,124

 

 

46,124

 

 

—

 

 

33,566

 

 

33,566

General and administrative expenses

 

 

25,531

 

 

8,952

 

 

34,483

 

 

39,078

 

 

7,372

 

 

46,450

Depreciation, depletion and amortization

 

 

10,968

 

 

14,194

 

 

25,162

 

 

3,073

 

 

11,684

 

 

14,757

Ad valorem and other taxes

 

 

7,257

 

 

38

 

 

7,295

 

 

7,382

 

 

3

 

 

7,385

Total operating expenses

 

 

71,249

 

 

95,436

 

 

166,685

 

 

71,478

 

 

74,064

 

 

145,542

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

 

369,544

 

 

169,594

 

 

539,138

 

 

360,627

 

 

125,426

 

 

486,053

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income, net

 

 

31,707

 

 

7,976

 

 

39,683

 

 

30,384

 

 

1,124

 

 

31,508

Income before income taxes

 

 

401,251

 

 

177,570

 

 

578,821

 

 

391,011

 

 

126,550

 

 

517,561

Income tax expense

 

 

86,350

 

 

38,511

 

 

124,861

 

 

84,305

 

 

27,611

 

 

111,916

Net income

 

$

314,901

 

$

139,059

 

$

453,960

 

$

306,706

 

$

98,939

 

$

405,645

NON-GAAP PERFORMANCE MEASURES AND DEFINITIONS

In addition to amounts presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we also present certain supplemental non-GAAP performance measures. These measures are not to be considered more relevant or accurate than the measures presented in accordance with GAAP. In compliance with the requirements of the SEC, our non-GAAP measures are reconciled to net income, the most directly comparable GAAP performance measure. For all non-GAAP measures, neither the SEC nor any other regulatory body has passed judgment on these non-GAAP measures.

EBITDA, Adjusted EBITDA and Free Cash Flow

EBITDA is a non-GAAP financial measure of earnings before interest expense, taxes, depreciation, depletion and amortization. Its purpose is to highlight earnings without finance, taxes, and depreciation, depletion and amortization expense, and its use is limited to specialized analysis. We calculate Adjusted EBITDA as EBITDA plus employee share-based compensation and less pension curtailment and settlement gain. The pension curtailment and settlement gain is related to a buyout by a third party of defined benefit obligations under our pension plan and the subsequent freezing of our pension plan, both of which occurred in the fourth quarter of 2024. We have excluded the pension curtailment and settlement gain from the calculation of Adjusted EBITDA as such gain is a non-recurring item and is not related to our core business. The purpose of presenting Adjusted EBITDA is to highlight earnings without non-cash activity such as share-based compensation and other non-recurring or unusual items, if applicable. We calculate Free Cash Flow as Adjusted EBITDA less current income tax expense and capital expenditures. The purpose of presenting Free Cash Flow is to provide an additional measure of operating performance. We have presented EBITDA, Adjusted EBITDA and Free Cash Flow because we believe that these metrics are useful supplements to net income in analyzing the Company’s operating performance. Our definitions of EBITDA, Adjusted EBITDA and Free Cash Flow may differ from computations of similarly titled measures of other companies.

The following table presents a reconciliation of EBITDA, Adjusted EBITDA and Free Cash Flow to net income for the three months ended December 31, 2024 and September 30, 2024 and for the years ended December 31, 2024 and 2023 (in thousands):

 

 

Three Months Ended

 

Years Ended

 

 

December 31, 2024

 

September 30, 2024

 

December 31, 2024

 

December 31, 2023

Net income

 

$

118,360

 

 

$

106,594

 

 

$

453,960

 

 

$

405,645

 

Add:

 

 

 

 

 

 

 

 

Income tax expense

 

 

32,618

 

 

 

28,823

 

 

 

124,861

 

 

 

111,916

 

Depreciation, depletion and amortization

 

 

11,467

 

 

 

5,762

 

 

 

25,162

 

 

 

14,757

 

EBITDA

 

 

162,445

 

 

 

141,179

 

 

 

603,983

 

 

 

532,318

 

Add (deduct):

 

 

 

 

 

 

 

 

Employee share-based compensation

 

 

3,509

 

 

 

2,935

 

 

 

11,364

 

 

 

9,124

 

Pension curtailment and settlement gain

 

 

(4,616

)

 

 

—

 

 

 

(4,616

)

 

 

—

 

Adjusted EBITDA

 

 

161,338

 

 

 

144,114

 

 

 

610,731

 

 

 

541,442

 

Deduct:

 

 

 

 

 

 

 

 

Current income tax expense

 

 

(30,177

)

 

 

(27,416

)

 

 

(120,257

)

 

 

(110,517

)

Capital expenditures

 

 

(7,429

)

 

 

(9,833

)

 

 

(29,423

)

 

 

(15,431

)

Free Cash Flow

 

$

123,732

 

 

$

106,865

 

 

$

461,051

 

 

$

415,494

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250219899731/en/

Investor Relations IR@TexasPacific.com