Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K TEXAS PACIFIC - TEXAS PACIFIC LAND TRUST | form8-k_269130.htm |
EXHIBIT
99.1
TEXAS
PACIFIC LAND TRUST
1700
Pacific Avenue
Suite
2770
Dallas,
Texas 75201
______
|
TRUSTEES:
|
ROY
THOMAS
|
|
|
MAURICE
MEYER III
|
Telephone
(214) 969-5530
|
General
Agent
|
|
JOHN
R. NORRIS III
|
||
|
JAMES
K. NORWOOD
|
DAVID
M. PETERSON
|
|
|
Assistant
General Agent
|
TEXAS
PACIFIC LAND TRUST
REPORT OF OPERATIONS -
UNAUDITED
|
Three Months Ended
|
||||||||
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September 30, 2009
|
September 30, 2008
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|||||||
|
Rentals,
royalties and other income
|
$ | 3,370,119 | $ | 5,849,778 | ||||
|
Land
sales
|
-- | 184,400 | ||||||
|
Total
income
|
$ | 3,370,119 | $ | 6,034,178 | ||||
|
Provision
for income tax
|
$ | 852,704 | $ | 1,566,556 | ||||
|
Net
income
|
$ | 1,953,700 | $ | 3,593,514 | ||||
|
Net
income per sub-share
|
$ | .19 | $ | .35 | ||||
|
Average
sub-shares outstanding during period
|
10,019,767 | 10,367,017 | ||||||
|
Nine Months Ended
|
||||||||
|
September 30, 2009
|
September 30, 2008
|
|||||||
|
Rentals,
royalties and other income
|
$ | 8,973,073 | $ | 15,681,963 | ||||
|
Land
sales
|
523,010 | $ | 823,440 | |||||
|
Total
income
|
$ | 9,496,083 | $ | 16,505,403 | ||||
|
Provision
for income tax
|
$ | 2,383,984 | $ | 4,345,657 | ||||
|
Net
income
|
$ | 5,144,701 | $ | 9,741,893 | ||||
|
Net
income per sub-share
|
$ | .51 | $ | .94 | ||||
|
Average
sub-shares outstanding during period
|
10,070,246 | 10,406,889 | ||||||
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.