Texas Pacific Land (TPL) risk factors: FY2025 10-K

1. Our oil and gas royalties are dependent upon the market prices of oil and gas which fluctuate.
2. We are not an oil and gas producer. Our revenues from oil and gas royalties are subject to the actions of others.
3. Our estimated proved developed producing (“PDP”) reserves are based on many assumptions that may prove to be inaccurate. Any inaccuracies in these estimates or underlying assumptions may materially affect the quantities and present value of our reserves.reworded
4. The loss of key members of our management team or difficulty attracting and retaining experienced technical personnel could reduce our competitiveness and prospects for future success.
5. Demand for TPWR’s products and services is substantially dependent on the levels of expenditures by our customers.
6. We face the risks of doing business in a new and rapidly evolving market for TPWR and may not be able to successfully address such risks and achieve acceptable levels of success or profits.
7. The impact of government regulation on TPWR could adversely affect our business.
8. Our produced water desalination project creates risks related to invested capital, environmental exposure and our reputation.new
9. Our revenues from the sale of land are subject to substantial fluctuation. Land sales are subject to many factors that are beyond our control.
10. A third party has refused to continue to fulfill its obligations under existing arrangements to which the Trust was a party in connection with the completion of our Corporate Reorganization, and thereby may cause us to lose certain benefits that the Trust historically received.
11. Our Credit Facility may limit our operating flexibility or otherwise adversely affect our business.new
12. We may make minority investments, engage in joint ventures or make other strategic alliances with third parties that subject us to risks and uncertainties outside of our control.new
13. Cyber incidents or attacks targeting the systems and infrastructure used by us, our operators, other third parties with whom we do business or the oil and gas industry in general may adversely impact our operations, and if we are unable to obtain and maintain adequate protection of our data, our business may be adversely impacted.Cybersecurity

Read these in Item 1A · See the changes

1. The market price of our Common Stock may fluctuate significantly.
2. We may not continue to pay dividends or to pay dividends at the same rate as previously paid.
3. We will evaluate whether to repurchase our outstanding Common Stock in the future and we cannot guarantee the timing or amount of share repurchases, if any.
4. The issuance of additional Common Stock in the future would dilute other stockholders.
5. State law and anti-takeover provisions could enable our Board to resist a takeover attempt by a third party and limit the power of our stockholders.
6. Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware or the U.S. District Court for the Northern District of Texas as the sole and exclusive forums for certain types of actions and proceedings that may be initiated by our stockholders, which could discourage lawsuits against the Company and our directors and officers.

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1. Our business and financial results are subject to major trends in our industry, such as decarbonization, and may be adversely affected by future developments that are out of our control.
2. Our business could be negatively affected as a result of the actions of activists.

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Headings in the FY2024 10-K with no match this year.

1. We face direct and indirect supply chain risks that may adversely affect our business.