Trade Texas Pacific Land Corp - TPL CFD

Trading Conditions

• TypeThis financial market is available for CFD trading.Learn more about:CFDs: CFD
• Spread: 0.86
• Long position overnight funding adjustmentLong position overnight funding adjustmentMargin. Your investment$1,000.00Overnight funding adjustmentCharges from full value of position-0.022179 %(-$4.44)Trade size with leverage ~ $20,000.00Money from leverage ~ $$19,000.00Go to platform: -0.02218%
• Short position overnight funding adjustmentShort position overnight funding adjustmentMargin. Your investment$1,000.00Overnight funding adjustmentCharges from full value of position-0.000043 %(-$0.01)Trade size with leverage ~ $20,000.00Money from leverage ~ $$19,000.00Go to platform: -0.00004%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: USD
• Min traded quantity: 0.01
• Margin: 5.00%
• Stock exchange: United States of America
• Commission on trade: 0%
• Guaranteed stop premiumA guaranteed stop-loss (GSL) fee is only charged if the GSL is triggered. Please consult the Charges and Fees section of our website for more details.: 1%

• Margin. Your investment: $1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.022179 %
  (-$4.44)

• Margin. Your investment: $1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.000043 %
  (-$0.01)

Key Stats

• Prev. Close: 357.34
• Open: 359.85
• 1-Year Change: -62.1%
• Day's Range: 358.31 - 364.41

Trade Texas Pacific Land Corp - TPL

About Texas Pacific Land Corp

Texas Pacific Land Corp is engaged in managing land, including royalty interests, for the benefit of it's owners. The Company’s operating segments are Land and Resource Management, and Water Services and Operations. The Company operates as a landowner in the State of Texas with approximately 880,000 acres of land in West Texas. The Land and Resource Management segment focuses on managing TPL’s oil and gas royalty interest and surface acres located in over 19 different counties. It's revenue streams principally consist of oil and gas royalties, commercial lease, land sales, easements and materials sales. It's Water Services and Operations offers various solutions, such as water sourcing, infrastructure development, water tracking, analytics, well testing, produced water gathering/treatment/recycling and produced water disposal services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Texas Pacific Land Corp revenues increased 49% to $451M. Net income increased 53% to $270M. Revenues reflect Land and resource management segment increase of 64% to $320.4M, Crude Oil - Production - Total increase of 11% to 3.08B barrels, Oil Equivalent Production (Units/day) - increase of 15% to 19K barrels per day. Net income benefited from Land sales expenses decrease from $4M (expense) to $0K.

Equity composition

Sub-Share Certificates of Proprietary Interest $.03 Par, 12/10, 9,548,444 O/S. Insiders control own 35.67%. Public Offering: NA. 07/07, 5-for-1 stock split.