Texas Pacific Land Q2 EPS $13.05 Beats $11.87 Estimate, Sales $160.61M Beat $147.24M Estimate
Portfolio Pulse from totan@benzinga.com
Texas Pacific Land (NYSE:TPL) reported Q2 earnings of $13.05 per share, beating the analyst consensus estimate of $11.87 by 9.94%. However, this is a 15.09% decrease from the same period last year. The company also reported quarterly sales of $160.61 million, beating the analyst consensus estimate of $147.24 million by 9.08%, but this is an 8.88% decrease from the same period last year.
August 04, 2023 | 12:15 pm
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NEUTRAL IMPACT
Texas Pacific Land's Q2 earnings and sales beat estimates but decreased from the same period last year.
While Texas Pacific Land beat Q2 earnings and sales estimates, the year-over-year decreases may concern investors, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100