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