The Texas Pacific Land Trust (TPL) reported another extraordinary quarter. Results for the second quarter included:
- $6.73 per sub-share (the term the Trust uses for its stock). It was $2.58 in the second quarter of 2017.
- $73.8 million in revenue. It was $32.8 million in the second quarter of 2017.
- 128.7% increase in water sales and royalty revenue compared to the prior year.
- 148.5% increase in oil and gas revenue compared to the prior year.
- 115.1% increase in easements and sundry income compared to the prior year.
The six-month results showed similar results