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Texas Pacific Land (TPL) achieved Q4 adjusted core profit of $178.1 million, exceeding expectations, with revenue at $211.6 million. Production volumes rose to 37,500 barrels of oil equivalent per day from 29,100, helping mitigate weaker pricing.

The average realized oil price declined to $29.33 per barrel. TPL's strategy focuses on water sourcing, land-use income, and partnerships like Bolt, aiming to transition Permian land into infrastructure for data centers. This shift could enhance cash flow stability and change how investors value landowners in the energy sector.