UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 1, 2008

TEXAS PACIFIC LAND TRUST

(Exact Name of Registrant as Specified in its Charter)

 

Not Applicable

(State or Other

Jurisdiction of Incorporation)

1-737

(Commission File Number)

75-0279735

(I.R.S. Employer

Identification Number)

 

1700 Pacific Avenue, Suite 1670, Dallas, Texas 75201

(Address of Principal Executive Offices, including Zip Code)

Registrant’s Telephone Number, including Area Code: 214-969-5530

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 

 

 

Item 2.02.

Results of Operations and Financial Condition.

Texas Pacific Land Trust (the “Trust”) hereby incorporates by reference the contents of a Report of Operations — Unaudited, announcing certain of its financial results for the three months and one year periods, both ended December 31, 2007, which was released to the press on February 1, 2008. A copy of the report of operations is furnished as Exhibit 99.1 to this Report on Form 8-K.

 

Item 9.01.

Financial Statements and Exhibits.

 

 

(d)

Exhibits.

 

99.1

Report of Operations - Unaudited of Texas Pacific Land Trust for the Three Months and One Year Periods Ended December 31, 2007 and 2006.

 

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Trust has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

TEXAS PACIFIC LAND TRUST

Date: February 1, 2008

By:

/s/Roy Thomas

 

Roy Thomas

 

General Agent and Chief Executive Officer

 

 

 

 

EXHIBIT INDEX

Exhibit Number

Description

99.1

Report of Operations - Unaudited of Texas Pacific Land Trust for the Three Months and One Year Periods Ended December 31, 2007 and 2006.

 

 

Exhibit 99.1

TEXAS PACIFIC LAND TRUST

 

1700 Pacific Avenue

Suite 1670

Dallas, Texas 75201

______

 

 

TRUSTEES:

ROY THOMAS

 

Maurice Meyer III

Telephone (214) 969-5530

General Agent

 

John R. Norris III

 

James K. Norwood

DAVID M. PETERSON

 

Assistant General Agent

 

TEXAS PACIFIC LAND TRUST

 

REPORT OF OPERATIONS - UNAUDITED

 

 

Three Months Ended

 

December 31, 2007

December 31, 2006

Rentals, royalties and other income

$4,129,382

$3,130,823

Land sales

        75,000

   6,577,874

Total income

$4,204,382

$9,708,697

Provision for income tax

$1,016,949

$1,774,434

Net income

   

         $2,170,989  

  

    $3,800,222  

Net income per sub-share

$ .21

$ .36

Average sub-shares outstanding during period

 

   10,502,208 

 

   10,639,042  

 

 

 

 

Year Ended

 

December 31, 2007

December 31, 2006

Rentals, royalties and other income

    $13,902,447

$14,821,035

Land sales

    1,932,664

     8,201,447

Total income

$15,835,111

$ 23,022,482

Provision for income tax

$  3,628,026

$   5,309,153

Net income

   

          $  8,249,688  

   

    $ 11,569,862  

Net income per sub-share

$ .78

$1.08

Average sub-shares outstanding during period

 

 10,536,367  

 

  10,695,644  

 

This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the Trust's future operations and prospects, the markets for real estate in the areas in which the Trust owns real estate, applicable zoning regulations, the markets for oil and gas, production limits on prorated oil and gas wells authorized by the Railroad Commission of Texas, expected competition, management's intent, beliefs or current expectations with respect to the Trust's future financial performance and other matters. We assume no responsibility to update any such forward-looking statements.

 


The following information was filed by Texas Pacific Land Trust on Friday, February 1, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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