Aug 5 (Reuters) - Texas Pacific Land ( TPL ) beat Wall

Street estimates for second-quarter profit on Wednesday, as

higher oil prices and record oil and gas royalty production

boosted earnings.

Shares of the company rose 3% in after-hours trading.

* Texas Pacific generates revenue from oil and gas royalty

interests, land-use fees, construction-material sales, and water

sourcing and treatment services.

* Revenue rose to $246.1 million from $236.8 million in the

first quarter, but missed Wall Street's estimate of $254

million, according to LSEG data.

* Revenue from oil and gas royalty increased to $145.6

million from $118.2 million, as the company's share of

production rose to a record 39,700 barrels of oil equivalent per

day (boepd) from 37,100 boepd.

* Its average realized price rose to $42.17 per boe from

$37.06, with realized oil prices increasing to $97.55 per barrel

from $70.57.

* Produced-water royalty revenue rose to $37.1 million,

while water-sales revenue fell to $39.7 million as volumes

declined.

* Net income was $153.9 million and adjusted EBITDA totaled

$215.6 million.

* During the quarter, Texas Pacific announced an agreement

with a Chevron ( CVX ) unit to provide land and brackish-water

resources for Project Kilby, a power-generation and data-center

development in Reeves County, Texas.

* The Permian-focused land and royalty company reported

diluted earnings of $2.23 per share for the quarter ended June

30, above analysts' average estimate of $2.19.