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Texas Pacific: 2Q Earnings Snapshot

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.

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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