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EXHIBIT
99.1
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TEXAS
PACIFIC LAND TRUST
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1700
Pacific Avenue
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Suite
2770
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Dallas,
Texas 75201
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______
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TRUSTEES:
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ROY
THOMAS
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|
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MAURICE
MEYER III
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Telephone
(214) 969-5530
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General
Agent
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JOHN
R. NORRIS III
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JAMES
K. NORWOOD
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DAVID
M. PETERSON
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Assistant
General Agent
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TEXAS
PACIFIC LAND TRUST
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REPORT OF OPERATIONS -
UNAUDITED
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Three Months Ended
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December 31, 2009
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December 31, 2008
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Rentals,
royalties and other income
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$ | 3,642,204 | $ | 3,019,609 | ||||
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Land
sales
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-- | -- | ||||||
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Total
income
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$ | 3,642,204 | $ | 3,019,609 | ||||
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Provision
for income tax
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$ | 746,736 | $ | 519,536 | ||||
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Net
income
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$ | 1,769,342 | $ | 1,197,880 | ||||
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Net
income per sub-share
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$ | .18 | $ | .12 | ||||
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Average
sub-shares outstanding during period
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9,938,380 | 10,272,592 | ||||||
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Year
Ended
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||||||||
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December 31, 2009
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December
31, 2008
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|||||||
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Rentals,
royalties and other income
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$ | 12,615,277 | $ | 18,701,572 | ||||
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Land
sales
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523,010 | 823,440 | ||||||
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Total
income
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$ | 13,138,287 | $ | 19,525,012 | ||||
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Provision
for income tax
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$ | 3,130,720 | $ | 4,865,193 | ||||
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Net
income
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$ | 6,914,043 | $ | 10,939,773 | ||||
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Net
income per sub-share
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$ | .69 | $ | 1.06 | ||||
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Average
sub-shares outstanding during period
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10,018,028 | 10,354,408 | ||||||
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 Thursday, January 28, 2010 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.
View differences made from one year to another to evaluate Texas Pacific Land Trust's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Texas Pacific Land Trust.
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10-K Annual Report March 2010
Material Contracts, Statements, Certifications & more
Texas Pacific Land Trust provided additional information to their SEC Filing as exhibits
SEC Filing Exhibit
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CIK: 97517
Form Type: 10-K Annual Report
Accession Number: 0000932440-10-000057
Submitted to the SEC: Fri Mar 12 2010 1:45:21 PM EST
Accepted by the SEC: Fri Mar 12 2010
Period: Thursday, December 31, 2009
Industry: Oil Royalty Traders
External Resources:
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