Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - TEXAS PACIFIC LAND TRUST | tpl20140130_8k.htm |
Exhibit 99.1
TEXAS PACIFIC LAND TRUST
1700 Pacific Avenue
Suite 2770
Dallas, Texas 75201
______
TRUSTEES: DAVID M. PETERSON MAURICE MEYER III Telephone (214) 969-5530 General Agent JOHN R. NORRIS III JAMES K. NORWOOD
TEXAS PACIFIC LAND TRUST
REPORT OF OPERATIONS - UNAUDITED
Three Months Ended December 31, 2013 December 31, 2012 Rentals, royalties and other income Land sales Total income Provision for income tax Net income Net income per sub-share Average sub-shares outstanding during period
$
11,623,283
$
7,276,793
880,400
--
$
12,503,683
$
7,276,793
$
3,626,169
$
2,104,711
$
7,519,106
$
4,113,797
$
.88
$
.47
8,518,660
8,848,369
Year Ended December 31, 2013 December 31, 2012 Rentals, royalties and other income Land sales Total income Provision for income tax Net income Net income per sub-share Average sub-shares outstanding during period
$
37,707,491
$
26,797,144
6,413,588
5,809,747
$
44,121,079
$
32,606,891
$
12,924,070
$
9,675,068
$
27,218,508
$
19,647,818
$
3.16
$
2.20
8,601,171
8,939,045
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.