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Texas Pacific: 4Q Earnings Snapshot

DALLAS (AP) _ Texas Pacific Land Trust (TPL) on Thursday reported fourth-quarter earnings of $62.7 million.

The Dallas-based company said it had net income of $8.06 per share.

The landowner posted revenue of $93.2 million in the period.

For the year, the company reported profit of $209.7 million, or $26.93 per share. Revenue was reported as $300.2 million.

Texas Pacific shares have risen 30 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $703, an increase of 31 percent 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