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Saturday, December 02, 2017 7:32:04 AM
in the 3 qtr, if the 20% corporate tax rate holds for 2018, the after tax
deferred revenue would add around $4.00 per share. More deferred revenue may come about by then as well as some used up in 4 qtr so my estimate is
tentative at best.
When I put together my 2018 EPS estimate for TPL I get a range of $20-$24 a share which would include deferred revenue. Put a PE of 40 to that and you
get $800-$1000 a share. Maybe we will get lucky and the stock price will
stay under $400 for some of 2018. That would allow for a 5% stock buyback.
Personally, I do not think we will be that "lucky."
TPL will have many tailwinds hit for 2018 and beyond. The 20% tax rate
should end up being 17.5% because of depletion allowance. Oil prices are
at a recent high and that may continue with the OPEC/Russia agreement to
keep production cuts in 2018. The major producers in TPL's lands all are
ramping up production and expanding operations. Water sales are increasing
and TPL has not yet started its "full service water operations." What the
potential there is I do not know. In a way I do not understand TPL's water
rights are grandfathered in because they owned the land prior to 1895.
This gives them some sort of an advantage. If anyone on this board can
explain it please do.
Recent TPL News
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 09/24/2024 10:08:18 AM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/24/2024 10:05:49 AM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 09/24/2024 10:02:23 AM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 09/13/2024 08:45:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 08:27:56 PM
- Texas Pacific Land Corporation Acquires Permian Mineral Interests and Surface Acreage in Cash Transactions • Business Wire • 08/27/2024 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 08:19:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 08:17:25 PM
- Texas Pacific Land Corporation Announces Second Quarter Results and Another Record Performance From Water Segment • Business Wire • 08/07/2024 08:15:00 PM
- Texas Pacific Land Corporation Sets Dates for Second Quarter 2024 Earnings Release and Conference Call • Business Wire • 07/23/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 08:17:32 PM
- Texas Pacific Land Corporation Announces Special Dividend of $10 Per Share and Cash Balance Target • Business Wire • 06/13/2024 08:15:00 PM
- KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 • PR Newswire (US) • 06/07/2024 10:09:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:01:46 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 05/08/2024 09:17:59 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:20:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:17:56 PM
- Texas Pacific Land Corporation Announces First Quarter Results and Record Water Segment Revenues • Business Wire • 05/08/2024 08:15:00 PM
- Texas Pacific Land Corporation Sets Dates for First Quarter 2024 Earnings Release and Conference Call • Business Wire • 04/18/2024 08:15:00 PM
- Texas Pacific Land Corporation Announces Three-for-One Stock Split • Business Wire • 03/07/2024 11:08:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 10:26:34 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/28/2024 12:30:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/27/2024 12:30:17 PM
- Delaware Supreme Court Affirms Ruling in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders’ Agreement • Business Wire • 02/27/2024 12:00:00 PM
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