04:50 PM EDT, 05/08/2024 (MT Newswires) -- Texas Pacific Land ( TPL ) reported Q1 net income late Wednesday of $4.97 per diluted share, up from $3.75 a year earlier.

A single analyst polled by Capital IQ expected $4.82.

Revenue in the quarter ended March 31 rose to $174.1 million from $146.4 million a year earlier. Two analysts surveyed by Capital IQ expected $158.2 million.

The company's shares rose 2% in after-hours activity.

Price: 575.00, Change: +11.50, Percent Change: +2.04