Texas Pacific Land Corporation (TPL) Q1 2025 Earnings Call Transcript

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Texas Pacific Land Corporation (NYSE:TPL) Q1 2025 Results Conference Call May 8, 2025 10:30 AM ET

Company Participants

Shawn Amini - IR
Tyler Glover - President, CEO & Trustee
Chris Steddum - CFO
Robert Crain - EVP, Texas Pacific Water Resources LLC

Conference Call Participants

Derrick Whitfield - Texas Capital

Operator

Greetings, and welcome to the Texas Pacific Land Corporation First Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now pleasure to introduce your host, Shawn Amini, Investor Relations. Thank you. You may begin.

Shawn Amini

Thank you for joining us today for Texas Pacific Land Corporation's First Quarter 2025 Earnings Conference Call. Yesterday afternoon, the company released its financial results and filed its Form 10-Q with the Securities and Exchange Commission, which is available on the Investors section of the company's website at www.texaspacific.com. As a reminder, remarks made on today's conference call may include forward-looking statements. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those discussed today. We do not undertake any obligation to update our forward-looking statements in light of new information or future events. .

For a more detailed discussion of the factors that may affect the company's results, please refer to our earnings release for this quarter and to our recent SEC filings. During this call, we will also be discussing certain non-GAAP financial measures. More information and reconciliations about these non-GAAP financial measures are contained in our earnings release and SEC filings. Please also note, we may at times refer to our company by stock ticker TPL. This morning's conference call is hosted by TPL's Chief Executive Officer, Ty Glover; Chief Financial Officer, Chris Steddum; and Executive Vice President of Tech Specific Water Resources, Robert Crain. Management will make some prepared comments, after which we'll open the call for questions. Now I

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