TEXAS
PACIFIC LAND TRUST
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1700
Pacific Avenue
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Suite
2770
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Dallas,
Texas 75201
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______
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TRUSTEES:
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ROY
THOMAS
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MAURICE
MEYER III
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Telephone
(214) 969-5530
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General
Agent
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JOHN
R. NORRIS III
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JAMES
K. NORWOOD
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DAVID
M. PETERSON
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Assistant
General Agent
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TEXAS
PACIFIC LAND TRUST
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REPORT OF OPERATIONS -
UNAUDITED
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Three Months Ended
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December 31, 2009
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December 31, 2008
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Rentals,
royalties and other income
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$ | 3,642,204 | $ | 3,019,609 | ||||
Land
sales
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-- | -- | ||||||
Total
income
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$ | 3,642,204 | $ | 3,019,609 | ||||
Provision
for income tax
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$ | 746,736 | $ | 519,536 | ||||
Net
income
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$ | 1,769,342 | $ | 1,197,880 | ||||
Net
income per sub-share
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$ | .18 | $ | .12 | ||||
Average
sub-shares outstanding during period
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9,938,380 | 10,272,592 | ||||||
Year
Ended
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December 31, 2009
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December
31, 2008
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Rentals,
royalties and other income
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$ | 12,615,277 | $ | 18,701,572 | ||||
Land
sales
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523,010 | 823,440 | ||||||
Total
income
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$ | 13,138,287 | $ | 19,525,012 | ||||
Provision
for income tax
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$ | 3,130,720 | $ | 4,865,193 | ||||
Net
income
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$ | 6,914,043 | $ | 10,939,773 | ||||
Net
income per sub-share
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$ | .69 | $ | 1.06 | ||||
Average
sub-shares outstanding during period
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10,018,028 | 10,354,408 |