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Texas Pacific posts 1Q profit

DALLAS (AP) _ Texas Pacific Land Trust (TPL) on Thursday reported first-quarter profit of $14.9 million.

The Dallas-based company said it had profit of $1.88 per share.

The landowner posted revenue of $11.2 million in the period.

Texas Pacific shares have fallen slightly more than 2 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $290, a rise of 85 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


Keywords: Texas Pacific, Earnings Report