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Texas Pacific Land Trust Third Quarter Earnings Release (Unaudited)

DALLAS--(BUSINESS WIRE)--

Texas Pacific Land Trust (NYSE:TPL):

REPORT OF OPERATIONS - UNAUDITED

Three Months Ended

September 30, 2012

September 30, 2011

Rentals, royalties and other income $ 7,043,281 $ 5,604,407
Land sales

--

2,955,972
Total income

$

7,043,281

$

8,560,379

Provision for income tax

$

2,058,891

$

2,589,178

Net income

$

4,311,092

$

5,258,936

Net income per sub-share $ .48

$

.56

Average sub-shares outstanding during period 8,940,175 9,340,425

Nine Months Ended

September 30, 2012

September 30, 2011

Rentals, royalties and other income

$

19,520,351

$ 15,931,502
Land sales 5,809,747 7,147,972
Total income

$

25,330,098

$ 23,079,474
Provision for income tax

$

7,570,357

$

6,711,724

Net income

$

15,534,021

$

14,034,434

Net income per sub-share

$

1.73

$

1.49

Average sub-shares outstanding during period 8,998,515 9,400,891

This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the Trust's future operations and prospects, the markets for real estate in the areas in which the Trust owns real estate, applicable zoning regulations, the markets for oil and gas, production limits on prorated oil and gas wells authorized by the Railroad Commission of Texas, expected competition, management's intent, beliefs or current expectations with respect to the Trust's future financial performance and other matters. We assume no responsibility to update any such forward-looking statements.

Texas Pacific Land Trust
Roy Thomas, 214-969-5530
General Agent & Chief Executive Officer

Source: Texas Pacific Land Trust