05:49 PM EST, 02/19/2025 (MT Newswires) -- Texas Pacific Land ( TPL ) reported Q4 net income late Wednesday of $118.4 million, up from $113.1 million a year earlier.

Earnings per share were $5.14, based on 23 million shares outstanding, compared with $14.73 a year earlier, based on 7.68 million shares outstanding. A three-for-one stock split was announced in March.

Revenue in the three months ended Dec. 31 rose to $185.8 million from $166.7 million a year earlier.

A single analyst surveyed by FactSet expected $185 million.

Texas Pacific Land ( TPL ) maintained its quarterly dividend at $1.60 a share, payable on March 17 to investors of record March 3.