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Texas Pacific: 1Q Earnings Snapshot

DALLAS (AP) _ Texas Pacific Land Trust (TPL) on Thursday reported first-quarter net income of $140 million.

On a per-share basis, the Dallas-based company said it had profit of $18.04.

The landowner posted revenue of $33.2 million in the period.

Texas Pacific shares have climbed 65 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $891.78, an increase of 65 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TPL at https://www.zacks.com/ap/TPL