Q4 Net, Revenues Up For Texas Pacific Land Trust: Press Release

January 30, 2020 Texas Pacific Land Trust today announced financial and operating results for the fourth quarter and year ended December 31, 2019. Results for the fourth quarter of 2019:
  • Net income of $71.3 million, or $9.20 per Sub-share Certificate, for the fourth quarter ended December 31, 2019 compared with $62.7 million, or $8.06 per Sub-share Certificate, for the fourth quarter ended December 31, 2018.
  • Revenues of $113.3 million for the fourth quarter ended December 31, 2019, compared with $93.2 million for the fourth quarter ended December 31, 2018.
  • Increases of 26.6% in easements and other surface-related income, 22.0% in oil and gas royalty revenue and 20.6% in water sales and royalty revenue for the fourth quarter ended December 31, 2019 compared with the fourth quarter ended December 31, 2018.
  • EBITDA of $94.9 million for the fourth quarter ended December 31, 2019, compared with $79.3 million for the fourth quarter of 2018, an increase of 19.6%......
 
Please click here to subscribe or click here to log in to read more of this, along with dozens of Texas energy news stories each week, including exclusives, analysis, opinion and the latest in energy worldwide.