DALLAS (AP) _ Texas Pacific Land Trust (TPL) on Thursday reported fourth-quarter net income of $44.8 million.

The Dallas-based company said it had net income of $5.77 per share.

The landowner posted revenue of $74.3 million in the period.

For the year, the company reported profit of $176 million, or $22.70 per share. Revenue was reported as $302.6 million.

Texas Pacific shares have climbed 53% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $1,111.87, an increase of 53% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News