Texas Pacific Land Trust Fourth Quarter Earnings Release (Unaudited)
DALLAS--(BUSINESS WIRE)--
Texas Pacific Land Trust (NYSE:TPL):
TEXAS PACIFIC LAND TRUST
REPORT OF OPERATIONS - UNAUDITED
Three Months Ended
December 31, 2012
December 31, 2011
Rentals, royalties and other income
$
7,276,793
$
6,514,422
Land sales
--
4,725,140
Total income
$
7,276,793
$
11,239,562
Provision for income tax
$
2,104,711
$
3,449,425
Net income
$
4,113,797
$
6,560,335
Net income per sub-share
$
.47
$
.71
Average sub-shares outstanding during period
8,848,369
9,239,974
Year Ended
December 31, 2012
December 31, 2011
Rentals, royalties and other income
$
26,797,144
$
22,445,924
Land sales
5,809,747
11,873,112
Total income
$
32,606,891
$
34,319,036
Provision for income tax
$
9,675,068
$
10,161,149
Net income
$
19,647,818
$
20,594,769
Net income per sub-share
$
2.20
$
2.21
Average sub-shares outstanding during period
8,939,045
9,336,998
This news release may contain forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995.Forward-looking
statements include statements regarding the Trust's future operations
and prospects, the markets for real estate in the areas in which the
Trust owns real estate, applicable zoning regulations, the markets for
oil and gas, production limits on prorated oil and gas wells authorized
by the Railroad Commission of Texas, expected competition, management's
intent, beliefs or current expectations with respect to the Trust's
future financial performance and other matters.We assume no
responsibility to update any such forward-looking statements.
Texas Pacific Land Trust Roy Thomas, 214-969-5530 General
Agent & Chief Executive Officer
Press Release $TPL Texas Pacific Land Trust
DALLAS--(BUSINESS WIRE)--
Texas Pacific Land Trust (NYSE:TPL):
REPORT OF OPERATIONS - UNAUDITED
Three Months Ended
December 31, 2012
December 31, 2011
$
Year Ended
This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the Trust's future operations and prospects, the markets for real estate in the areas in which the Trust owns real estate, applicable zoning regulations, the markets for oil and gas, production limits on prorated oil and gas wells authorized by the Railroad Commission of Texas, expected competition, management's intent, beliefs or current expectations with respect to the Trust's future financial performance and other matters. We assume no responsibility to update any such forward-looking statements.
Texas Pacific Land Trust
Roy Thomas, 214-969-5530
General Agent & Chief Executive Officer
Source: Texas Pacific Land Trust