Texas Pacific Land is trading 5% up at $400.00 in after-hours trading after reporting Q2 results that beat earnings expectations despite a slight revenue miss.
- The company reported EPS of $2.23 versus the $2.14 forecast, driven by record oil and gas royalty production and higher produced water volumes.
- Management's strategic emphasis on tech infrastructure and water sustainability appears to be boosting investor sentiment despite revenue coming in at $246.1 million.