Texas Pacific Land Corporation Announces Three-for-One Stock Split
March 07 2024 - 6:08PM
Business Wire
Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) today
announced that its Board of Directors has approved a three-for-one
stock split to be distributed to stockholders as a stock dividend.
Each stockholder of record at the close of business on March 18,
2024, will receive two additional shares of common stock of the
Company for each share held as of this record date. The new shares
will be distributed on March 26, 2024. We expect that trading of
the Company’s common stock will begin on a stock-split adjusted
basis on March 27, 2024.
About Texas Pacific Land Corporation
Texas Pacific Land Corporation (NYSE: TPL) is one of the largest
landowners in the State of Texas with approximately 868,000 acres
of land in West Texas, with the majority of its ownership
concentrated in the Permian Basin. The Company is not an oil and
gas producer, but its surface and royalty ownership allow revenue
generation through the entire value chain of oil and gas
development, including through fixed fee payments for use of our
land, revenue for sales of materials (caliche) used in the
construction of infrastructure, providing sourced water and treated
produced water, revenue from our oil and gas royalty interests, and
revenues related to saltwater disposal on our land. The Company
also generates revenue from pipeline, power line and utility
easements, commercial leases, and temporary permits related to a
variety of land uses including midstream infrastructure projects
and hydrocarbon processing facilities.
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version on businesswire.com: https://www.businesswire.com/news/home/20240307485320/en/
TPL Investor Relations IR@texaspacific.com
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