https://www.sec.gov/ix?doc=/Archives/edgar/data/1811074/000110465924093445/tm2422814d1_8k.htm

Pro-rata purchase of mineral interests with a Brigham minerals fund. Seems like a pretty effective way to get deals done. Aligned incentives.

The NYSE welcomes Texas Pacific Land in celebration of its 136th anniversary of listing! $TPL https://t.co/7UO04CBGed

— NYSE 🏛 (@NYSE) August 12, 2024

They flew commercial, right?

https://ir.stockpr.com/tpltrust/sec-filings-email/content/0001811074-24-000049/tpl-20240630.htm

Solid and could have been more so with higher nat gas prices (fully out of control of company).

I didn’t read the fine print in recent announcements. How often will cash be swept out via div to get to $700MM? Should the regular dividend be higher with FCF healthily in excess of $100MM?

Of course, I remain thankful for another quarter of no dilution.