Texas Pacific Land Corporation (TPL) Income Statement Analysis

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Complete financial analysis of Texas Pacific Land Corporation (TPL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Texas Pacific Land Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.

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Texas Pacific Land Corporation (TPL)

Industry: Oil & Gas Exploration & Production

Sector: Energy

Website: https://www.texaspacific.com

About Texas Pacific Land Corporation

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages approximately 880,000 acres of land. This segment also holds own a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres located in the western part of Texas. In addition, this segment engages in easements and commercial leases activities, such as oil, gas and related hydrocarbons, power line and utility easements, and subsurface wellbore easements. Further, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche. Its Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water gathering/treatment, infrastructure development, disposal solutions, water tracking, analytics, and well testing services to operators in the Permian Basin. This segment also holds royalties for water sourced from its land. Texas Pacific Land Corporation was founded in 1888 and is headquartered in Dallas, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	631.60M	667.42M	450.96M	302.55M	490.50M	300.22M	132.33M	59.91M	79.41M	55.20M	44.11M	32.59M	33.42M	20.07M	13.08M	19.30M	15.47M	22.46M	15.41M	29.14M	9.95M	9.12M	13.43M	7.80M	5.92M	10.48M	13.08M	8.58M	6.44M	9.10M	5.30M	4.30M	4.90M	5.60M	5.40M	4.90M	5.40M	6.20M	12.20M
Cost of Revenue	48.32M	32.89M	29.49M	32.60M	29.71M	13.75M	867.00K	43.29K	35.83K	19.73K	16.29K	16.50K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	583.27M	634.53M	421.47M	269.95M	460.78M	286.47M	131.46M	59.87M	79.38M	55.18M	44.09M	32.57M	33.42M	20.07M	13.08M	19.30M	15.47M	22.46M	15.41M	29.14M	9.95M	9.12M	13.43M	7.80M	5.92M	10.48M	13.08M	8.58M	6.44M	9.10M	5.30M	4.30M	4.90M	5.60M	5.40M	4.90M	5.40M	6.20M	12.20M
Gross Profit Ratio	92.35%	95.07%	93.46%	89.22%	93.94%	95.42%	99.34%	99.93%	99.95%	99.96%	99.96%	99.95%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.85	0.80	0.73	0.82	0.87	0.94	0.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	89.83M	63.49M	59.08M	52.70M	59.01M	25.64M	8.52M	3.02M	2.64M	2.07M	2.53M	2.32M	2.58M	2.88M	2.44M	2.78M	579.69K	555.37K	487.23K	442.65K	405.61K	445.15K	530.56K	468.95K	413.62K	398.69K	491.40K	430.58K	455.97K	500.00K	900.00K	900.00K	400.00K	400.00K	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	89.83M	63.49M	59.08M	52.70M	59.01M	25.64M	8.52M	3.02M	2.64M	2.07M	2.53M	2.32M	2.58M	2.88M	2.44M	2.78M	579.69K	555.37K	487.23K	442.65K	405.61K	445.15K	530.56K	468.95K	413.62K	398.69K	491.40K	430.58K	455.97K	500.00K	900.00K	900.00K	400.00K	400.00K	0.00	0.00	0.00	0.00	0.00
Other Expenses	7.39M	8.73M	624.00K	2.41M	2.68M	916.00K	3.17M	1.79M	1.48M	1.70M	1.43M	949.76K	980.07K	790.77K	653.59K	935.42K	3.38M	5.59M	2.75M	2.93M	1.95M	1.58M	2.85M	1.99M	1.31M	1.24M	2.75M	2.01M	1.23M	-1.80M	-1.70M	-1.60M	-1.60M	-1.50M	-1.40M	-1.30M	-1.30M	-1.30M	-1.40M
Operating Expenses	97.22M	72.22M	59.08M	52.70M	59.01M	25.64M	11.69M	4.81M	4.12M	3.77M	3.96M	3.27M	3.56M	3.67M	3.09M	3.72M	3.96M	6.14M	3.23M	3.37M	2.36M	2.03M	3.39M	2.46M	1.72M	1.64M	3.24M	2.44M	1.69M	-1.30M	-800.00K	-700.00K	-1.20M	-1.10M	-1.40M	-1.30M	-1.30M	-1.30M	-1.40M
Cost & Expenses	145.54M	105.12M	88.57M	85.30M	88.72M	39.39M	12.55M	4.85M	4.16M	3.79M	3.98M	3.28M	3.56M	3.67M	3.09M	3.72M	3.96M	6.14M	3.23M	3.37M	2.36M	2.03M	3.39M	2.46M	1.72M	1.64M	3.24M	2.44M	1.69M	-1.30M	-800.00K	-700.00K	-1.20M	-1.10M	-1.40M	-1.30M	-1.30M	-1.30M	-1.40M
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	84.00K	29.07K	27.44K	14.52K	12.01K	19.44K	898.28K	25.71K	1.27M	1.59M	1.83M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	84.00K	29.07K	27.44K	14.52K	12.01K	19.44K	898.28K	25.71K	1.27M	1.59M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	14.76M	105.12M	88.57M	85.30M	90.92M	39.39M	9.69M	4.85M	25.37K	19.73K	16.29K	16.50K	12.68K	15.39K	42.14K	36.80K	36.00K	37.13K	28.79K	38.17K	50.93K	49.97K	52.12K	44.41K	48.03K	60.32K	49.20K	15.73K	11.31K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	500.81M	577.68M	378.65M	231.66M	408.48M	263.42M	145.32M	55.10M	75.28M	51.44M	40.15M	29.32M	30.75M	16.41M	10.03M	15.61M	11.54M	16.35M	12.20M	25.81M	7.65M	7.14M	10.10M	5.39M	4.25M	8.90M	9.88M	6.15M	4.76M	10.40M	6.10M	5.00M	6.10M	6.70M	6.80M	6.20M	6.70M	7.50M	13.60M
EBITDA Ratio	79.29%	84.25%	80.36%	71.81%	81.91%	87.74%	90.80%	91.97%	94.79%	93.18%	91.02%	89.97%	89.38%	81.80%	76.68%	80.91%	74.64%	72.81%	79.19%	88.57%	76.82%	78.31%	75.18%	69.08%	71.70%	84.94%	75.57%	71.72%	73.96%	114.29%	115.09%	116.28%	124.49%	119.64%	125.93%	126.53%	124.07%	120.97%	111.48%
Operating Income	486.05M	562.31M	362.39M	217.25M	401.77M	260.83M	119.78M	55.06M	75.26M	51.42M	40.13M	29.30M	30.74M	16.40M	9.99M	15.58M	11.51M	16.32M	12.17M	25.77M	7.60M	7.09M	10.04M	5.34M	4.20M	8.84M	9.83M	6.14M	4.75M	10.40M	6.10M	5.00M	6.10M	6.70M	6.80M	6.20M	6.70M	7.50M	13.60M
Operating Income Ratio	76.96%	84.25%	80.36%	71.81%	81.91%	86.88%	90.51%	91.90%	94.76%	93.14%	90.98%	89.92%	91.97%	81.72%	76.36%	80.72%	74.41%	72.65%	79.00%	88.44%	76.31%	77.76%	74.79%	68.51%	70.89%	84.37%	75.19%	71.54%	73.78%	114.29%	115.09%	116.28%	124.49%	119.64%	125.93%	126.53%	124.07%	120.97%	111.48%
Total Other Income/Expenses	31.51M	6.55M	624.00K	2.40M	2.68M	916.00K	114.00K	29.07K	27.44K	14.52K	12.01K	19.44K	18.53K	25.71K	53.43K	228.75K	370.00K	561.28K	245.86K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-51.72K	-3.10M	-2.50M	-2.30M	-2.80M	-2.60M	-2.80M	-2.50M	-2.60M	-2.60M	-2.80M
Income Before Tax	517.56M	568.86M	363.02M	219.66M	404.46M	261.75M	119.86M	55.09M	75.28M	51.43M	40.14M	29.32M	30.76M	16.42M	10.04M	15.80M	11.88M	16.88M	12.17M	25.77M	7.60M	7.09M	10.04M	5.34M	4.20M	8.84M	9.83M	6.14M	4.75M	7.30M	3.60M	2.70M	3.30M	4.10M	4.00M	3.70M	4.10M	4.90M	10.80M
Income Before Tax Ratio	81.95%	85.23%	80.50%	72.60%	82.46%	87.19%	90.58%	91.95%	94.80%	93.17%	91.01%	89.98%	92.03%	81.85%	76.77%	81.91%	76.80%	75.15%	79.00%	88.44%	76.31%	77.76%	74.79%	68.51%	70.89%	84.37%	75.19%	71.54%	73.78%	80.22%	67.92%	62.79%	67.35%	73.21%	74.07%	75.51%	75.93%	79.03%	88.52%
Income Tax Expense	111.92M	122.49M	93.04M	43.61M	83.53M	52.01M	43.50M	17.85M	25.24M	16.67M	12.92M	9.68M	10.16M	5.12M	3.13M	4.87M	3.63M	5.31M	3.66M	8.36M	2.27M	2.19M	3.16M	1.58M	1.26M	2.81M	3.12M	1.87M	1.42M	2.30M	1.10M	700.00K	1.00M	1.30M	1.20M	1.40M	1.40M	1.80M	3.80M
Net Income	405.65M	446.36M	269.98M	176.05M	320.93M	209.74M	76.36M	37.24M	50.04M	34.77M	27.22M	19.65M	20.59M	11.31M	6.91M	10.94M	8.25M	11.57M	8.51M	17.41M	5.33M	4.90M	6.89M	3.76M	2.94M	6.03M	6.71M	4.26M	3.33M	5.00M	1.70M	2.00M	2.30M	2.80M	2.80M	2.30M	2.70M	3.10M	7.00M
Net Income Ratio	64.23%	66.88%	59.87%	58.19%	65.43%	69.86%	57.71%	62.16%	63.01%	62.98%	61.71%	60.29%	61.62%	56.36%	52.84%	56.69%	53.34%	51.51%	55.25%	59.75%	53.55%	53.72%	51.28%	48.19%	49.59%	57.57%	51.29%	49.69%	51.69%	54.95%	32.08%	46.51%	46.94%	50.00%	51.85%	46.94%	50.00%	50.00%	57.38%
EPS	17.60	19.27	11.61	7.57	13.79	8.98	3.24	1.55	2.03	1.38	1.05	0.73	0.74	0.39	0.23	0.35	0.26	0.36	0.26	0.53	0.16	0.14	0.19	0.10	0.07	0.15	0.16	0.10	0.07	0.11	0.03	0.04	0.04	0.05	0.05	0.04	0.05	0.05	0.12
EPS Diluted	17.59	19.26	11.61	7.57	13.79	8.98	3.24	1.55	2.03	1.38	1.05	0.73	0.74	0.39	0.23	0.35	0.26	0.36	0.26	0.53	0.16	0.14	0.19	0.10	0.07	0.15	0.16	0.10	0.07	0.11	0.03	0.04	0.04	0.05	0.05	0.04	0.05	0.05	0.12
Weighted Avg Shares Out	23.04M	23.17M	23.26M	23.27M	23.27M	23.36M	23.56M	23.97M	24.59M	25.19M	25.80M	26.82M	28.01M	29.04M	30.05M	31.06M	31.61M	32.14M	32.57M	33.10M	34.17M	35.17M	37.02M	38.35M	39.70M	40.77M	42.09M	44.18M	45.41M	47.47M	49.04M	50.00M	52.27M	53.16M	54.55M	54.76M	55.48M	56.71M	59.32M
Weighted Avg Shares Out (Dil)	23.06M	23.18M	23.26M	23.27M	23.27M	23.36M	23.56M	23.97M	24.59M	25.19M	25.80M	26.82M	28.01M	29.04M	30.05M	31.22M	31.68M	32.14M	32.57M	33.10M	34.17M	35.17M	37.02M	38.35M	39.77M	40.95M	42.44M	44.18M	45.41M	47.47M	49.04M	50.00M	52.27M	53.16M	54.55M	54.76M	55.48M	56.71M	59.32M

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