Texas Pacific Land Trust
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Texas Pacific Land Trust
The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning well over in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas. It was previously organized as an unusual legal entity, a publicly traded trust taxed as a corporation, and operated under the name Texas Pacific Land Trust. History TPL was created in February 1888 in the wake of the Texas and Pacific Railway bankruptcy, as a means to dispose of the T&P's vast land holdings. TPL received over , and certain T&P bondholders were allowed to exchange their (now worthless) bonds for trust certificates. The certificates were later divided into "sub-share" certificates (3,000 sub-share certificates is the equivalent of one trust certificate), and the sub-share certificates have been traded on the NYSE since January 1927. On March 23, 2020 the trust announced plans to convert the land trust to a C Corporati ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Russell 1000
The Russell 1000 Index is a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weighted average market capitalization of $608.1 billion and a median market capitalization of $15.1 billion. , components ranged in market capitalization from $1.8 billion to $1.4 trillion. The index, which was launched on January 1, 1984, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. The ticker symbol is ^RUI. There are several exchange-traded funds and mutual funds that track the index. Record values Annual returns Top sectors by weight *Technology *Consumer Discretionary * Health Care *Industrials *Financial services Top 10 holdings *Apple () *Microsoft () *Amazon () *Alphabet (Class A) () * Tesla () *Alphabet (Class C) () * Meta () *Nvidia () *Berkshire Hathaway () *UnitedHealth Group () (as of Dece ...
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Dallas, Texas
Dallas () is the third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the fourth-largest metropolitan area in the United States at 7.5 million people. It is the largest city in and seat of Dallas County with portions extending into Collin, Denton, Kaufman and Rockwall counties. With a 2020 census population of 1,304,379, it is the ninth most-populous city in the U.S. and the third-largest in Texas after Houston and San Antonio. Located in the North Texas region, the city of Dallas is the main core of the largest metropolitan area in the Southern United States and the largest inland metropolitan area in the U.S. that lacks any navigable link to the sea. The cities of Dallas and nearby Fort Worth were initially developed due to the construction of major railroad lines through the area allowing access to cotton, cattle and later oil in North and East Texas. The construction of the Interstate Highway System reinforced Dallas's prominen ...
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West Texas
West Texas is a loosely defined region in the U.S. state of Texas, generally encompassing the arid and semiarid lands west of a line drawn between the cities of Wichita Falls, Abilene, and Del Rio. No consensus exists on the boundary between East Texas and West Texas. While most Texans understand these terms, no boundaries are officially recognized and any two individuals are likely to describe the boundaries of these regions differently. Walter Prescott Webb, American historian and geographer, suggested that the 98th meridian separates East and West Texas; Texas writer A.C. Greene proposed that West Texas extends west of the Brazos River. Use of a single line, though, seems to preclude the use of other separators, such as an area— Central Texas. Unlike East Texas, West Texas is not generally considered to be part of the American South, and the dry, desert climate is often more associated with the American Southwest. West Texas is often subdivided according to disti ...
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Texas
Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by both List of U.S. states and territories by area, area (after Alaska) and List of U.S. states and territories by population, population (after California). Texas shares borders with the states of Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexico, Mexican States of Mexico, states of Chihuahua (state), Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south and southwest; and has a coastline with the Gulf of Mexico to the southeast. Houston is the List of cities in Texas by population, most populous city in Texas and the List of United States cities by population, fourth-largest in the U.S., while San Antonio is the second most pop ...
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Texas And Pacific Railway
The Texas and Pacific Railway Company (known as the T&P) was created by federal charter in 1871 with the purpose of building a southern transcontinental railroad between Marshall, Texas, and San Diego, California. History Under the influence of General Buell the TPRR was originally to be gauge, but this was overturned when the state legislature passed a law requiring gauge. The T&P had a significant foothold in Texas by the mid-1870s. Construction difficulties delayed westward progress, until American financier Jay Gould acquired an interest in the railroad in 1879. The T&P never reached San Diego; instead it met the Southern Pacific at Sierra Blanca, Texas, in 1881. The Missouri Pacific Railroad, also controlled by Gould, leased the T&P from 1881 to 1885 and continued a cooperative relationship with the T&P after the lease ended. Missouri Pacific gained majority ownership of the Texas and Pacific Railway's stock in 1928 but allowed it to continue operation as a separate en ...
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Culberson County, Texas
Culberson County is a county located in the U.S. state of Texas. As of the 2020 census, its population was 2,188. The county seat is Van Horn. Culberson County was founded in 1911 and organized the next year. It is named for David B. Culberson, a lawyer and Confederate soldier in the American Civil War. Culberson County is primarily in the Central Time Zone, but northwestern Culberson County, including Guadalupe Mountains National Park, is in the Mountain Time Zone, making it one of only a few U.S. counties officially split into two time zones. It is one of the nine counties that comprise the Trans-Pecos region of West Texas. History Native Americans Prehistoric Clovis culture peoples in Culberson County lived in the rock shelters and caves nestled near water supplies. These people left behind artifacts and pictographs as evidence of their presence. With its treacherous topography, the area remained untouched by white explorations for centuries. Jumano Indians led the Ant ...
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Reeves County, Texas
Reeves County is a county located in the U.S. state of Texas. As of the 2020 census, its population was 14,748. Its county seat and most populous city is Pecos. The county was created in 1883 and organized the next year. It is named for George R. Reeves, a Texas state legislator and colonel in the Confederate Army. It is one of the nine counties that comprise the Trans-Pecos region of West Texas. Reeves County comprises the Pecos micropolitan statistical area. History Native Americans Prehistoric Clovis culture peoples in Reeves County lived in the rock shelters and caves nestled near water supplies. These people left behind artifacts and pictographs as evidence of their presence. Jumano Indians led the Antonio de Espejo 1582–1583 expedition near Toyah Lake on a better route to the farming and trade area of La Junta de los Ríos. Espejo's diary places the Jumano along the Pecos River and its tributaries. The Mescalero Apache frequented San Solomon Springs to irrigate t ...
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Hudspeth County, Texas
Hudspeth County is a county located in the U.S. state of Texas. As of the 2020 census, the population was 3,202. Its county seat is Sierra Blanca, and the largest community is Fort Hancock. The county is named for Claude Benton Hudspeth, a state senator and United States Representative from El Paso. It is northeast of the Mexico–U.S. border. Hudspeth County is included in the El Paso Metropolitan Statistical Area. It is one of the nine counties that comprise the Trans-Pecos region of West Texas. Hudspeth is one of two Texas counties to entirely observe Mountain Time, along with neighboring El Paso, while Culberson County partly observes it (in the northwest region, as the rest of the county observes Central Time). History Prehistoric Jornada Mogollón peoples Texas Beyond History were practicing agriculture in the Rio Grande floodplain ''circa'' 900–1350 AD. These people left behind artifacts and pictographs as evidence of their presence. Texas Beyond History The Ro ...
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10-Q
Form 10-Q, (also known as a 10-Q or 10Q) is a quarterly report mandated by the United States federal Securities and Exchange Commission, to be filed by publicly traded corporations. Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, the 10-Q is an SEC filing that must be filed quarterly with the US Securities and Exchange Commission. It contains similar information to the annual form 10-K, however the information is generally less detailed, and the financial statements are generally unaudited. Information for the final quarter of a firm's fiscal year is included in the 10-K, so only three 10-Q filings are made each year. These reports generally compare last quarter to the current quarter and last year's quarter to this year's quarter. The SEC put this form in place to facilitate better informed investors. The form 10-Q must be filed within 40 days for large accelerated filers and accelerated filers or 45 days after the end of the fiscal quarter for al ...
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Securities And Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as and commonly referred to as the Exchange Act or the 1934 Act). Overview The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated companies submit quarterly and annual re ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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