The filing also includes a footnote explaining that Murray Stahl, associated with Horizon Kinetics, does not exercise discretion to invest in securities of the issuer, despite having a direct and indirect interest in additional shares. TPL maintains a strong financial position with more cash than debt on its balance sheet and sufficient cash flows to cover interest payments. TPL maintains a strong financial position with more cash than debt on its balance sheet and sufficient cash flows to cover interest payments.
The filing also includes a footnote explaining that Murray Stahl, associated with Horizon Kinetics, does not exercise discretion to invest in securities of the issuer, despite having a direct and indirect interest in additional shares. TPL maintains a strong financial position with more cash than debt on its balance sheet and sufficient cash flows to cover interest payments.
The filing also includes a footnote explaining that Murray Stahl, associated with Horizon Kinetics, does not exercise discretion to invest in securities of the issuer, despite having a direct and indirect interest in additional shares.
In other recent news, Texas Pacific Land (NYSE:) Corp has made big strides. The company's latest financial results showed an increase in oil and gas production revenues and water sales revenues, with combined revenues reaching $174 million, while adjusted EBITDA of $144 million. Texas Pacific Land Corp.'s water sales revenue saw a significant year-over-year increase of 37%, largely due to improved hydraulic fracturing technologies.
The company also announced a 37% increase in its quarterly dividend to $1.60 per share. This comes alongside news of Texas Pacific Land Corp.'s strategic acquisitions in the Permian Basin and a record increase in oil and gas production.
In management developments, Texas Pacific Land Corp. has amended its corporate bylaws, which now require a special meeting to be called upon the written request of shareholders who own at least 25% of the outstanding common stock. This change is consistent with the newly adopted third amended and restated bylaws.
Furthermore, Texas Pacific Land Corp. is set to join , replacing Marathon oil Corp (NYSE:). This change comes with the acquisition of Marathon Oil by ConocoPhillips (NYSE:). These are among Texas Pacific Land Corp.'s recent developments.
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