TPL Texas Pacific Land Corporation

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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):  October 30, 2014

 

 

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 (IRS Employer Identification Number)

 

 

1700 Pacific Avenue, Suite 2770, 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))

 

 

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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 month and nine month periods ended September 30, 2014, which was released to the press on October 30, 2014. 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 Month and Nine Month Periods Ended September 30, 2014 and 2013.

 

 

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:  October 30, 2014	By:	/s/ David M. Peterson
		David M. Peterson
		General Agent and Chief Executive Officer and Chief Financial Officer

 

 

EXHIBIT INDEX

 

Exhibit Number	Description
99.1	Report of Operations - Unaudited of Texas Pacific Land Trust for the Three Month and Nine Month Periods Ended September 30, 2014 and 2013.

 

 

 

Exhibit 99.1

 

TEXAS PACIFIC LAND TRUST

 

1700 Pacific Avenue

Suite 2770

Dallas, Texas 75201

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TRUSTEES:		DAVID M. PETERSON
MAURICE MEYER III	Telephone (214) 969-5530	General Agent
JOHN R. NORRIS III
JAMES K. NORWOOD

 

TEXAS PACIFIC LAND TRUST

 

REPORT OF OPERATIONS - UNAUDITED

 

 

		Three Months Ended
		September 30, 2014				September 30, 2013
Rentals, royalties and other income		$	14,433,343			$	9,735,009
Land sales			323,125				5,201,600
Total income		$	14,756,468			$	14,936,609
Provision for income tax		$	4,512,504			$	4,672,797
Net income		$	9,366,043			$	9,431,118
Net income per sub-share		$	1.11			$	1.10
Average sub-shares outstanding during period			8,406,403				8,602,550

 

		Nine Months Ended
		September 30, 2014				September 30, 2013
Rentals, royalties and other income		$	39,927,955			$	26,084,208
Land sales			1,993,730				5,533,188
Total income		$	41,921,685			$	31,617,396
Provision for income tax		$	12,700,879			$	9,297,901
Net income		$	26,530,128			$	19,699,402
Net income per sub-share		$	3.15			$	2.28
Average sub-shares outstanding during period			8,425,346				8,657,125

   

 

 

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.