DALLAS (AP) _ Texas Pacific Land Trust (TPL) on Wednesday reported second-quarter profit of $49.6 million.
The Dallas-based company said it had net income of $6.39 per share.
The landowner posted revenue of $87.3 million in the period.
Texas Pacific shares have risen 47% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $796.88, an increase of almost 8% in the last 12 months.