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Texas Pacific Land (NYSE:TPL) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Texas Pacific Land (NYSE:TPL) reported strong quarterly earnings, beating analyst expectations with an EPS of $1.79 against a $1.73 consensus and revenues of $211.6 million against $204.0 million. The stock saw a significant jump of $12.91 to $439.33 on increased trading volume, reflecting positive investor sentiment. Despite a “Hold” consensus rating from analysts and an average target price of $350.00, institutional investors maintain a substantial ownership of 59.94% in the company.