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November 4 , 2021 TEXAS PALTHC LAND CORP Texas Pacific Land Corporation Announces Third Quarter Results Texas Pacific Land Corporation Earnings Call to be held 7:30 am CT on Friday , November 5 , 2021 DALLAS -- ( BUSINESS WIRE ) -- Texas Pacific Land Corporation ( NYSE : TPL ) ( the " Company " or " TPL " ) today announced its financial and operating results for the third quarter of 2021 . Third Quarter 2021 Highlights Net income of $ 83.8 million , or $ 10.82 per Common Share Revenues of $ 123.7 million • EBITDA and adjusted EBITDA ( 1 ) of $ 107.6 million each • Royalty production of 19.5 thousand barrels of oil equivalent per day • Quarterly cash dividend of $ 2.75 per Common Share paid on September 15 , 2021 • Released inaugural Environmental , Social and Governance ( " ESG " ) disclosure Year - to - Date 2021 Highlights • Net income of $ 190.9 million , or $ 24.62 per Common Share Revenues of $ 303.8 million • EBITDA of $ 249.0 million and adjusted EBITDA of $ 257.7 million ( 1 ) • Royalty production of 17.5 thousand barrels of oil equivalent per day • Total cash dividends of $ 8.25 per Common Share paid through September 30 , 2021 • Completed corporate reorganization from a business trust to a Delaware corporation effective January 11 , 2021 ( the " Corporate Reorganization " ) . ( 1 ) Reconciliations of Non - GAAP measures are provided in the tables below . " We produced strong operating results across our vertically integrated business , and , along with a supportive commodity price backdrop , we believe it was the best quarter in our over 100 - year history , " said Tyler Glover , Chief Executive Officer of the Company . " TPL achieved record consolidated EBITDA and royalty production amid healthy activity levels on our