Texas Pacific Land Q1 Net Income, Revenue Rise

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Texas Pacific Land (TPL) reported late Wednesday Q1 net income per diluted share of $5.24, up from $4.97 a year earlier.

Analyst estimates were not available for net income.

Revenue for the quarter ended March 31 was $196 million, up from $174.1 million a year earlier. One analyst polled by FactSet expected $211 million.

The company kept its quarterly dividend at $1.60 per share, payable June 16 to holders of record as of June 2.

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