Texas Pacific Land (TPL) reported Q4 net income late Wednesday of $118.4 million, up from $113.1 million a year earlier.
Earnings per share were $5.14, based on 23 million shares outstanding, compared with $14.73 a year earlier, based on 7.68 million shares outstanding. A three-for-one stock split was announced in March.
Revenue in the three months ended Dec. 31 rose to $185.8 million from $166.7 million a year earlier.
A single analyst surveyed by FactSet expected $185 million.
Texas Pacific Land maintained its quarterly dividend at $1.60 a share, payable on March 17 to investors of record March 3.
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