Texas Pacific Land reports Q1 EPS $11.24, consensus $13.20

Reports Q1 revenue $146.4M, consensus $154.53M. The company said, "While commodity price volatility has continued into 2023, TPL‘s high-margin cash flow profile and fortress balance sheet provide the Company the ability to drive value for shareholders through any cycle. The Company continues to generate meaningful free cash flow across both of our operating segments. Although broader oil and gas industry activity may be impacted by an evolving commodity price and economic environment, our expansive position across high-quality Permian acreage continues to see strong near-term development while still retaining tremendous value for the long-term."