Texas Pacific Land Trust Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011
January 30, 2012 at 04:46 pm
Texas Pacific Land Trust reported unaudited earnings results for the fourth quarter and full year ended December 31, 2011. For the fourth quarter, the company reported total income of $11,239,562 compared to $5,465,308 a year ago. Net income was $6,560,335 or $0.71 per share compared to $1,292,781 or $0.30 per share a year ago.
For the full year, the company reported total income of $34,319,036 compared to $20,091,672 a year ago. Net income was $20,594,769 or $2.21 per share compared to $11,308,711 or $1.17 per share a year ago.