Texas Pacific Land Trust Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
January 31, 2014 at 02:45 am IST
Texas Pacific Land Trust reported unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net income of $7,519,106 or $0.88 per sub share on rentals, royalties and other income of $11,623,283 against net income of $4,113,797 or $0.47 per sub share on rentals, royalties and other income of $7,276,793 a year ago. Total income was $12,503,683 compared to $7,276,793 a year ago.
For the full year, the company reported net income of $27,218,508 or $3.16 per sub share on rentals, royalties and other income of $37,707,491 against net income of $19,647,818 or $2.20 per sub share on rentals, royalties and other income of $26,797,144 a year ago. Total income was $44,121,079 compared to $32,606,891 a year ago.