Latest news with #TPL
Globe and Mail
10-07-2025
- Business
- Globe and Mail
Texas Pacific Land Corporation Sets Dates for Second Quarter 2025 Earnings Release and Conference Call
Texas Pacific Land Corporation (NYSE: TPL) (the 'Company') announced today that the Company will release second quarter 2025 financial results after the market closes on Wednesday, August 6, 2025. A conference call will be held on Thursday, August 7, 2025 at 10:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least 15 minutes prior to start time: Domestic: 1-877-407-4018 International: 1-201-689-8471 Conference Call Playback: Domestic: 1-844-512-2921 International: 1-412-317-6671 Pass code: 13753281 The playback can be accessed through Thursday, August 21, 2025. About Texas Pacific Land Corporation Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 873,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership provide revenue opportunities throughout the life cycle of a well. These revenue opportunities include fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and/or treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.
Axios
10-07-2025
- Health
- Axios
Outdoor access is essential for public health, study says
Outdoor recreation provides so many benefits it should be treated as essential public health infrastructure and access to green spaces should be prioritized for vulnerable populations, researchers say. Why it matters: The findings from a recent study out of Oregon State highlight how access to parks, greenways and tree-lined streets — an area where Portland excels — buffered Americans' mental health during the peak of the COVID-19 pandemic. By the numbers: Researchers found that 68% of respondents said "near-home" activities like walking or gardening constituted their most frequent outdoor diversions. And walking alone accounted for 57% of all outdoor recreation. Zoom in: That highlights the importance of access to green spaces, of which Portland has many. A recent analysis from the Trust for Public Land (TPL) found that 89% of Portland residents live within a 10-minute walk of a park. Yes, but: Researchers also found that the pandemic sharply reduced outdoor recreation among adults, particularly among minorities and people worried about their finances. The TPL analysis also found Portlanders in neighborhoods with the highest concentrations of people of color have access to 62% less park space than residents of white neighborhoods.
Scoop
30-06-2025
- Business
- Scoop
Sod Turned For First Build At Precinct North
Soil has been turned on the first building at Precinct North, part of the massive Titanium Park business and industrial estate being developed at Hamilton Airport. New Zealand-owned company Asmuss will be the first tenant at Precinct North, the newest stage of the 170-hectare business park bordering the Airport. Titanium Park Ltd (TPL) is the property arm of Waikato Regional Airport Ltd. The first sod has been turned on a purpose-built 5,000-square metre building for Asmuss, a New Zealand-owned company whose polyethylene pipe extrusion plant has outgrown its Te Rapa facility. When the build is complete in April next year, the Waikato-based Asmuss operation, including around 40 staff, will move from Te Rapa and become anchor tenants. Hamilton Airport chief executive Mark Morgan said the Asmuss design and build deal sees the Airport taking on the build in return for a long-term tenancy from a quality business. It will be a joint project alongside Asmuss and Hamilton-based construction company Fosters, he said. 'We see this contract with Asmuss as the beginning of a long-term relationship that will set the scene for what we want to achieve here,' he said. 'Being first off the block in Precinct North means Asmuss will help us set a benchmark in terms of design and we intend to set that benchmark pretty high.' Asmuss chief executive Dean Brown said the expansion of the company's manufacturing capability was about investing for the future 'in an absolutely prime location'. 'This latest investment is all about being ready for when the infrastructure market recovers – and it will,' Brown said. 'At Precinct North, we have the ability to further expand if we want to. That's why it's important for us to have design input right from the beginning and to work with a long-term partner who, like us, is focused on opportunity.' Over the coming 15-20 years, Morgan estimates hundreds of millions of dollars will go into developing Titanium Park's Precinct North. Waikato-based contractors MacPhersons have been on site since March undertaking earthworks across the 20-hectare first stage. Cambridge-based civil contractors Camex Civil have been awarded the tender for roads and infrastructure and began work this month. 'This is a massive project not just for us, but for the wider Waikato construction and civil construction industries,' Morgan said. 'Precinct North is big in itself, but is just one stage of a bigger picture. The full development of Titanium Park goes to our core purpose of operating an airport which is financially self-sustaining and provides value to the wider community. We are strategically using our landholdings to develop non-aeronautical income which we can in turn re-invest,' he said. 'Up until now, TPL has essentially been a land developer. Now are becoming a developer and a long-term investor and ultimately, an economic enabler for the region.' When complete, Titanium Park will be one of the biggest business parks in New Zealand. It is just minutes from the Waikato Expressway and is already zoned for a broad range of industrial and commercial activities. Already, more than 30 tenants or owner-occupier businesses are based at the park including Visy, Trade Depot, Tyreline Distributors and StorageKing. When complete over the next 15-20 years, more than 5,000 people are expected to work on site. WRAL (Waikato Regional Airport Ltd) is a council-controlled organisation owned by Hamilton City, Otorohanga, Waipā, Waikato and Matamata-Piako District Councils and is the umbrella for subsidiary companies Hamilton Airport, Jet Park Hotel Hamilton Airport, Hamilton & Waikato Tourism (HWT) and Titanium Park Limited.
Axios
30-06-2025
- Business
- Axios
Park upkeep fees floated by Austin City Council
Austin City Council members are contemplating levying a new fee to pay for city parks. Why it matters: Facing a budget deficit, the City Council is searching for ways to raise money instead of slashing maintenance and key park programs. The parks department has an operating budget of $185 million this fiscal year. What they're saying: Parks, splash pads, playgrounds and recreation centers — as well as park programming such as summer camps — "are vital to our city's identity and quality of life," Council Member Paige Ellis posted on a city message board last week. "But maintaining them requires sustained, reliable funding, and it is clear that the status quo is not enough," How it works: Without offering details, Ellis proposed "a small, dedicated fee on utility bills, with all revenue going directly toward the maintenance and improvement of Austin's parks system." Residents enrolled in a city-sponsored financial assistance program could be exempt from paying the monthly fee, she suggested. Between the lines: ParkScore, a national comparison of park systems across the 100 most populated cities in the U.S., produced by the Trust for Public Land (TPL), rated Austin 54th in 2025, down from 44th in 2024. "Austin's slip mostly has to do with other cities rising faster and that the city's score has largely remained the same," Rebecca Bullis, a spokesperson for TPL, tells Axios. The intrigue: A 2023 state law restricted Austin's ability to require developers to build new parks alongside new construction. Zoom out: The ParkScore drop "shows we can't keep doing things the same way," Council Member Vanessa Fuentes wrote on the message board last week in support of a fee. "But let's make sure we get the equity piece right, both in how we structure the fee and where the money actually goes. Too many neighborhoods have been left behind when it comes to quality parks and amenities." Zoom in: Residents living in lower-income neighborhoods have access to 64% less nearby park space than those in higher-income neighborhoods, per the TPL ParkScore report. Nearly 70% of Austin residents live within a 10-minute walk of a park, TPL says. Nationally, the figure is 76%. Austin also scored below average in the amenities category, which assesses the availability of popular park features like basketball hoops, off-leash dog parks, playgrounds and senior centers. The other side: Last year, Austin parks officials noted underlying "historic injustices" with park acquisition and said the city "is balancing the cost of acquiring parkland in an expensive market with rapid population growth and limited departmental resources." The bottom line: Washington, D.C., remains the system to beat, after claiming the top spot in the TPL report for a fifth consecutive year.
Yahoo
26-06-2025
- Business
- Yahoo
Is Texas Pacific Land Stock Underperforming the Nasdaq?
Dallas, Texas-based Texas Pacific Land Corporation (TPL) is one of the largest private landowners in Texas, operating in the land and resource management and water services businesses. Valued at a market cap of $23.8 billion, the company generates revenue primarily from oil and gas royalties, as well as easements, commercial leases, material sales, and a rapidly growing water services division that supports fracking operations through water sourcing, treatment, and disposal solutions. Companies valued at $10 billion or more are typically classified as 'large-cap stocks,' and TPL fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the oil & gas E&P industry. The company's key strength lies in its unique asset-light business model, where it earns high-margin revenue from oil and gas royalties, without engaging in any drilling or production itself. Its fixed royalty interests ensure upside exposure to oil and gas activity while minimizing capital risk. Nat-Gas Prices Pressured by the Outlook for Cooler US Temps Crude Prices Settle Higher as Weekly EIA Inventories Tumble Crude Prices Gain as Weekly EIA Inventories Fall and Gasoline Demand Soars Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! This oil and gas company has slipped 41.4% from its 52-week high of $1,769.14, reached on Nov. 25, 2024. Shares of TPL have declined 23.9% over the past three months, considerably lagging behind the Nasdaq Composite's ($NASX) 9.3% return during the same time frame. Moreover, on a YTD basis, shares of TPL are down 6.3%, underperforming NASX's 3.4% uptick. Nonetheless, in the longer term, TPL has rallied 38.1% over the past 52 weeks, outpacing NASX's 12.7% rise over the same time frame. To confirm its recent bearish trend, TPL has been trading below its 50-day and 200-day moving averages since late May. On May 7, TPL released its Q1 results, and its shares plunged 4.2% in the following trading session. Driven by strong growth in oil and gas royalties, and an increase in water sales and produced water royalties, the company's overall revenue improved 12.5% year-over-year to $196 million. Moreover, its adjusted EBITDA advanced 11.4% from the year-ago quarter to $169.4 million, while its net income per share of $5.24, grew 5.4% from the same period last year. TPL has considerably outperformed its rival, APA Corporation (APA), which declined 37.6% over the past 52 weeks and 22.6% on a YTD basis. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
