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Texas Pacific posts 3Q profit

DALLAS (AP) _ Texas Pacific Land Trust (TPL) on Monday reported third-quarter net income of $26.4 million.

The Dallas-based company said it had net income of $3.36 per share.

The landowner posted revenue of $42.5 million in the period.

Texas Pacific shares have climbed 33 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $395.68, an increase of 47 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