Texas Pacific Land Trust Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 01, 2017 at 02:50 am IST
Texas Pacific Land Trust announced unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported oil and gas royalties of $9,064,633 against $6,574,701 a year ago. Total income was $17,573,001 against $14,721,058 a year ago. Net income was $10,906,970 against $8,995,057 a year ago. Net income per sub-share was $1.37 against $1.10 a year ago.
For the year, the company reported oil and gas royalties of $29,996,962 against $24,860,205 a year ago. Total income was $59,940,467 against $79,442,293 a year ago. Net income was $37,239,550 against $50,038,507 a year ago. Net income per sub-share was $4.66 against $6.10 a year ago.