Texas Pacific Land Trust First Quarter Earnings Release (Unaudited)

DALLAS–(BUSINESS WIRE)–Texas Pacific Land Trust (NYSE:TPL):   TEXAS PACIFIC LAND TRUST         REPORT OF OPERATIONS – UNAUDITED   Three Months Ended   March 31, 2016 March 31, 2015   Oil and gas royalties $ 5,610,751 $ 6,525,265   Land sales 86,000 20,268,000   Easements and sundry income 6,070,973 7,802,995   Other income   130,379   143,093   Total income $ 11,898,103 $ 34,739,353   Provision for income tax $ 3,522,363 $ 11,589,522   Net income $ 7,280,051 $ 22,166,089   Net income per sub-





Source: BusinessWire-Construction

Texas Pacific Land Trust First Quarter Earnings Release (Unaudited)