13 thoughts on “1Q20

  1. Actually, it looks like margin is higher than 4Q19 and on par with 3Q19 if you exclude land/mineral rights sales. Plus a little more detail in their press release, not much, but its a start… hopefully they keep improving on the transparency front.

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    • I am pretty new to holding TPL shares, have been following the company for the past year or so and I am still amazed that this earnings release has more detail! It is a start but a long way to go.

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  2. I’m really still concerned with the ratio of water services income and expenses. It’s even worse when you add the depreciation which can only be applied to equipment in that area.

    The sinful salaries also irritate the hell out of me.

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