Texas Pacific Land Corp Files 8-K

TL;DR

TPL filed an 8-K on 6/13. Details TBD.

AI Summary

Texas Pacific Land Corporation filed an 8-K on June 13, 2024, to report other events and financial statements. The filing does not contain specific details about the nature of these events or financial figures within the provided text.

Why It Matters

This filing indicates a regulatory update from Texas Pacific Land Corporation, which may contain important information for investors regarding the company's operations or financial status.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for reporting events and exhibits, with no immediate indication of significant negative developments.

Key Players & Entities

• Texas Pacific Land Corporation (company) — Registrant
• 0001811074-24-000036 (filing_id) — Accession Number
• June 13, 2024 (date) — Report Date
• 1-39804 (commission_file_number) — SEC File Number
• 1700 Pacific Avenue, Suite 2900 Dallas, Texas 75201 (address) — Principal Executive Offices

FAQ

From the Filing

0001811074-24-000036.txt : 20240613 0001811074-24-000036.hdr.sgml : 20240613 20240613161732 ACCESSION NUMBER: 0001811074-24-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240613 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240613 DATE AS OF CHANGE: 20240613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Texas Pacific Land Corp CENTRAL INDEX KEY: 0001811074 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 750279735 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39804 FILM NUMBER: 241041448 BUSINESS ADDRESS: STREET 1: 1700 PACIFIC AVENUE STREET 2: SUITE 2900 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-969-5530 MAIL ADDRESS: STREET 1: 1700 PACIFIC AVENUE STREET 2: SUITE 2900 CITY: DALLAS STATE: TX ZIP: 75201 8-K 1 tpl-20240613.htm 8-K tpl-20240613 June 13, 2024 0001811074 False 0001811074 2024-06-13 2024-06-13 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):  June 13, 2024 Commission File Number: 1-39804     Exact name of registrant as specified in its charter: TEXAS PACIFIC LAND CORPORATION State or other jurisdiction of incorporation or organization: IRS Employer Identification No.: Delaware 75-0279735 Address of principal executive offices:   1700 Pacific Avenue , Suite 2900 Dallas , Texas 75201    Registrant’s telephone number, including area code:   214 - 969-5530   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))   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.   Emerging growth company     ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock (par value $.01 per share) TPL New York Stock Exchange Item 8.01 Other Events. On June 13, 2024 , the Board of Directors (the “Board”) of Texas Pacific Land Corporation (the “Company”) declared a special cash dividend of $10.00 per share, payable on July 15, 2024 to stockholders of record at the close of business on July 1, 2024. In addition, the Company has set a cash balance target of approximately $700 million, above which level the Company will seek to deploy the majority of its free cash flow towards share repurchases and dividends. On June 13, 2024 , the Company issued a press release announcing the dividend and the cash balance target, a copy of which is filed herewith as Exhibit 99.1 and is incorporated by reference herein.   Item 9.01. Financial Statements and Exhibits.     (d)   Exhibits.         99.1 Press release dated Jun