West Texas landowner Texas Pacific Land (NYSE: TPL) will be reporting results this Wednesday after market hours. Here’s what you need to know.
Texas Pacific Land beat analysts’ revenue expectations last quarter, reporting revenues of $211.6 million, up 13.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS estimates.
Is Texas Pacific Land a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Texas Pacific Land’s revenue to grow 21.8% year on year, improving from the 12.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Texas Pacific Land only rarely missed Wall Street’s revenue estimates since going public.
Looking at Texas Pacific Land’s peers in the u.s. shale e&p segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Crescent Energy delivered year-on-year revenue growth of 24.5%, meeting analysts’ expectations, and Diamondback Energy reported revenues up 4.7%, topping estimates by 10.5%.
Read our full analysis of Crescent Energy’s results here and Diamondback Energy’s results here.
There has been positive sentiment among investors in the u.s. shale e&p segment, with share prices up 5.1% on average over the last month. Texas Pacific Land is down 3.8% during the same time and is heading into earnings with an average analyst price target of $445.50 (compared to the current share price of $431.65).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
