Texas Pacific Land (TPL) Financials

$1,341.30 +19.69 (+1.49%)

Closing price 03:59 PM Eastern

Extended Trading

$1,333.57 -7.73 (-0.58%)

As of 07:53 PM Eastern

Annual Income Statements for Texas Pacific Land

This table shows Texas Pacific Land's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	210	319	176	270	446	406	454
Consolidated Net Income / (Loss)	210	319	176	270	446	406	454
Net Income / (Loss) Continuing Operations	210	319	176	270	446	406	454
Total Pre-Tax Income	262	402	220	363	569	518	579
Total Operating Income	261	400	217	362	562	486	539
Total Gross Profit	282	455	266	411	626	588	652
Total Revenue	300	490	303	451	667	632	706
Operating Revenue	300	490	303	451	667	632	706
Total Cost of Revenue	18	35	36	40	41	43	54
Operating Cost of Revenue	18	35	36	40	41	43	54
Total Operating Expenses	21	56	49	49	64	102	113
Selling, General & Admin Expense	7.18	26	21	19	22	46	34
Depreciation Expense	2.58	8.91	14	16	15	15	25
Other Operating Expenses / (Income)	11	21	14	13	26	41	53
Total Other Income / (Expense), net	0.92	2.68	2.40	0.62	6.55	32	40
Other Income / (Expense), net	0.92	2.68	2.40	0.62	6.55	32	40
Income Tax Expense	52	84	44	93	122	112	125
Basic Earnings per Share	$26.93	$41.09	$22.70	$34.83	$19.27	$17.60	$19.75
Weighted Average Basic Shares Outstanding	-	7.76M	7.76M	7.75M	23.17M	23.04M	22.99M
Diluted Earnings per Share	$26.93	$41.09	$22.70	$34.83	$19.26	$17.59	$19.72
Weighted Average Diluted Shares Outstanding	7.79M	7.76M	7.76M	7.75M	23.18M	23.06M	23.02M
Weighted Average Basic & Diluted Shares Outstanding	-	-	7.76M	7.75M	7.70M	7.67M	22.98M

This table shows Texas Pacific Land's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	130	100	87	100	106	113	114	115	107	118
Consolidated Net Income / (Loss)	130	100	87	100	106	113	114	115	107	118
Net Income / (Loss) Continuing Operations	130	100	87	100	106	113	114	115	107	118
Total Pre-Tax Income	164	128	110	127	135	145	146	146	135	151
Total Operating Income	162	124	105	120	127	134	136	133	127	143
Total Gross Profit	180	141	136	150	146	156	161	160	159	172
Total Revenue	191	153	146	161	158	167	174	172	174	186
Operating Revenue	191	153	146	161	158	167	174	172	174	186
Total Cost of Revenue	11	12	11	11	11	11	13	13	14	14
Operating Cost of Revenue	11	12	11	11	11	11	13	13	14	14
Total Operating Expenses	18	17	31	30	20	22	25	26	32	29
Selling, General & Admin Expense	5.23	7.27	20	13	5.55	7.24	8.98	5.98	12	7.18
Depreciation Expense	3.92	3.15	3.40	3.89	3.58	3.88	3.84	4.09	5.76	11
Other Operating Expenses / (Income)	9.22	6.32	7.23	12	10	11	13	16	14	11
Total Other Income / (Expense), net	1.92	3.92	5.39	6.87	7.98	11	9.94	13	8.09	8.43
Other Income / (Expense), net	1.92	3.92	5.39	6.87	7.98	11	9.94	13	8.09	8.43
Income Tax Expense	34	28	24	27	29	32	32	32	29	33
Basic Earnings per Share	$16.83	$4.31	$3.75	$4.35	$4.58	$4.91	$4.97	$4.99	$4.64	$5.15
Weighted Average Basic Shares Outstanding	7.71M	23.17M	23.08M	23.06M	23.03M	23.04M	23.00M	22.99M	22.98M	22.99M
Diluted Earnings per Share	$16.82	$4.31	$3.75	$4.35	$4.58	$4.91	$4.97	$4.98	$4.63	$5.15
Weighted Average Diluted Shares Outstanding	7.72M	23.18M	23.10M	23.07M	23.05M	23.06M	23.02M	23.01M	23.01M	23.02M
Basic & Diluted Earnings per Share	-	$4.31	-	-	-	$4.91	-	-	-	$5.15
Weighted Average Basic & Diluted Shares Outstanding	7.70M	7.70M	7.69M	7.68M	7.67M	7.67M	22.99M	22.98M	22.97M	22.98M
Cash Dividends to Common per Share	$3.00	$1.00	$1.08	$1.08	$1.08	$1.08	$1.17	$1.17	$11.17	$1.60

This table details how cash moves in and out of Texas Pacific Land's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	44	180	-21	145	89	213	-359
Net Cash From Operating Activities	195	343	207	265	447	418	491
Net Cash From Continuing Operating Activities	195	343	207	265	447	418	491
Net Income / (Loss) Continuing Operations	210	319	176	270	446	406	454
Consolidated Net Income / (Loss)	210	319	176	270	446	406	454
Depreciation Expense	2.58	8.91	14	16	15	15	25
Non-Cash Adjustments To Reconcile Net Income	5.02	-18	7.37	-1.88	10	15	3.98
Changes in Operating Assets and Liabilities, net	-22	33	9.22	-19	-25	-18	7.57
Net Cash From Investing Activities	-82	-112	-26	-15	-21	-60	-472
Net Cash From Continuing Investing Activities	-82	-112	-26	-15	-21	-60	-472
Purchase of Property, Plant & Equipment	-9.38	-75	-3.97	-0.54	-0.63	-20	-1.48
Acquisitions	-24	-5.02	-17	0.00	-1.66	-25	-441
Sale of Property, Plant & Equipment	0.03	0.12	0.00	1.09	0.11	0.01	0.00
Other Investing Activities, net	-48	-32	-5.09	-16	-19	-15	-30
Net Cash From Financing Activities	-70	-51	-202	-105	-337	-145	-378
Net Cash From Continuing Financing Activities	-70	-51	-202	-105	-337	-145	-378
Repurchase of Common Equity	-38	-4.35	0.00	-20	-88	-43	-29
Payment of Dividends	-32	-47	-202	-85	-247	-100	-347
Other Financing Activities, net	-	-	0.00	0.00	-1.76	-2.06	-1.62
Cash Income Taxes Paid	46	44	47	68	152	104	121

This table details how cash moves in and out of Texas Pacific Land's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	57	71	80	14	48	71	107	58	-361	-163
Net Cash From Operating Activities	119	133	115	84	108	111	147	98	119	127
Net Cash From Continuing Operating Activities	119	133	115	84	108	111	147	98	119	127
Net Income / (Loss) Continuing Operations	130	100	87	100	106	113	114	115	107	118
Consolidated Net Income / (Loss)	130	100	87	100	106	113	114	115	107	118
Depreciation Expense	3.92	3.15	3.40	3.89	3.58	3.88	3.84	4.09	5.76	11
Non-Cash Adjustments To Reconcile Net Income	2.12	4.75	2.47	2.85	2.79	7.37	3.35	2.70	2.94	-5.01
Changes in Operating Assets and Liabilities, net	-17	25	22	-23	-4.35	-13	26	-23	3.27	1.76
Net Cash From Investing Activities	-6.33	-6.81	-1.74	-26	-28	-4.40	-2.24	-7.41	-216	-246
Net Cash From Continuing Investing Activities	-6.33	-6.81	-1.74	-26	-28	-4.40	-2.24	-7.41	-216	-246
Purchase of Property, Plant & Equipment	-	-0.62	-	-	-	-	-	-	-	-0.45
Acquisitions	-	-	-	-	-23	-	-	-	-208	-232
Other Investing Activities, net	-6.34	-6.19	-1.75	-3.79	-5.09	-4.40	-2.24	-6.38	-7.83	-13
Net Cash From Financing Activities	-56	-55	-33	-45	-31	-36	-38	-33	-263	-43
Net Cash From Continuing Financing Activities	-56	-55	-33	-45	-31	-36	-38	-33	-263	-43
Repurchase of Common Equity	-33	-30	-6.84	-20	-5.95	-10	-10	-6.38	-6.07	-6.36
Payment of Dividends	-23	-23	-25	-25	-25	-25	-27	-27	-257	-37
Cash Income Taxes Paid	48	36	0.00	44	31	29	0.00	67	30	24

This table presents Texas Pacific Land's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	598	572	764	877	1,156	1,248
Total Current Assets	367	333	527	633	862	503
Cash & Equivalents	304	281	428	511	725	370
Accounts Receivable	63	48	95	104	129	127
Prepaid Expenses	-	1.29	3.05	7.43	2.94	5.32
Other Current Assets	0.00	1.98	0.00	6.35	5.38	1.55
Plant, Property, & Equipment, net	88	79	80	85	90	123
Total Noncurrent Assets	143	160	158	159	204	622
Intangible Assets	-	-	-	0.00	21	35
Other Noncurrent Operating Assets	143	160	158	159	183	587
Total Liabilities & Shareholders' Equity	598	572	764	877	1,156	1,248
Total Liabilities	86	86	112	105	113	116
Total Current Liabilities	24	21	51	40	44	47
Accounts Payable	19	13	18	23	23	27
Current Deferred Revenue	-	4.00	3.81	4.49	6.33	6.80
Current Deferred & Payable Income Tax Liabilities	5.27	4.05	29	3.17	4.80	4.39
Other Taxes Payable	-	-	0.10	8.50	11	8.42
Total Noncurrent Liabilities	62	65	61	65	69	69
Noncurrent Deferred Revenue	17	22	20	22	25	21
Noncurrent Deferred & Payable Income Tax Liabilities	41	39	39	41	42	47
Other Noncurrent Operating Liabilities	3.37	4.18	2.06	2.09	1.44	0.96
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	512	485	652	773	1,043	1,132
Total Preferred & Common Equity	512	485	652	773	1,043	1,132
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	512	485	652	773	1,043	1,132
Common Stock	0.00	0.00	0.11	8.37	15	20
Retained Earnings	514	488	668	866	1,172	1,278
Treasury Stock	-	0.00	-15	-104	-145	-169
Accumulated Other Comprehensive Income / (Loss)	-1.46	-2.69	-1.01	2.52	1.83	3.58

This table presents Texas Pacific Land's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	829	955	1,001	1,079	1,259	1,316	1,176
Total Current Assets	589	711	738	791	964	1,018	709
Cash & Equivalents	447	591	609	654	837	895	534
Accounts Receivable	140	106	121	126	122	119	123
Prepaid Expenses	2.94	7.59	5.31	5.11	4.92	3.88	48
Current Deferred & Refundable Income Taxes	-	0.00	0.00	0.00	-	-	4.00
Other Current Assets	-	6.76	2.20	5.38	0.00	0.00	0.00
Plant, Property, & Equipment, net	82	86	84	87	92	96	119
Total Noncurrent Assets	158	158	179	202	203	203	347
Intangible Assets	-	-	-	21	21	20	36
Other Noncurrent Operating Assets	158	158	179	181	182	182	312
Total Liabilities & Shareholders' Equity	829	955	1,001	1,079	1,259	1,316	1,176
Total Liabilities	108	126	114	115	137	109	123
Total Current Liabilities	44	61	45	47	71	44	57
Accounts Payable	31	27	27	29	23	32	41
Current Deferred Revenue	4.61	6.78	6.22	6.10	6.77	6.06	6.69
Current Deferred & Payable Income Tax Liabilities	8.26	22	5.15	4.28	37	0.89	2.22
Other Taxes Payable	-	4.56	6.36	7.96	4.18	5.66	7.86
Total Noncurrent Liabilities	64	65	69	67	66	65	66
Noncurrent Deferred Revenue	21	22	27	26	23	21	21
Noncurrent Deferred & Payable Income Tax Liabilities	38	41	40	40	42	43	45
Other Noncurrent Operating Liabilities	4.66	1.92	1.77	1.61	1.10	0.89	0.95
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	721	829	888	965	1,122	1,206	1,052
Total Preferred & Common Equity	721	829	888	965	1,122	1,206	1,052
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	721	829	888	965	1,122	1,206	1,052
Common Stock	5.56	7.81	11	12	13	16	17
Retained Earnings	790	928	1,003	1,084	1,259	1,347	1,196
Treasury Stock	-73	-109	-129	-134	-152	-158	-162
Accumulated Other Comprehensive Income / (Loss)	-0.98	2.49	2.47	2.44	1.81	1.79	1.77

This table displays calculated financial ratios and metrics derived from Texas Pacific Land's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	63.38%	-38.31%	49.05%	48.00%	-5.37%	11.75%
EBITDA Growth	0.00%	55.55%	-43.07%	62.04%	54.04%	-8.89%	13.46%
EBIT Growth	0.00%	53.68%	-45.39%	65.26%	56.70%	-9.02%	11.84%
NOPAT Growth	0.00%	51.48%	-45.00%	54.78%	63.71%	-13.66%	11.00%
Net Income Growth	0.00%	51.97%	-44.77%	53.36%	65.33%	-9.12%	11.91%
EPS Growth	0.00%	52.58%	-44.76%	53.44%	65.33%	-9.12%	12.11%
Operating Cash Flow Growth	0.00%	75.39%	-39.60%	28.08%	68.63%	-6.45%	17.30%
Free Cash Flow Firm Growth	0.00%	0.00%	65.09%	40.18%	60.94%	-19.29%	-106.70%
Invested Capital Growth	0.00%	0.00%	-2.09%	9.47%	17.27%	21.36%	139.80%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	19.27%	0.84%	2.26%	2.79%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	23.15%	0.18%	3.44%	2.28%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	23.98%	0.46%	3.39%	1.02%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	14.74%	4.08%	2.04%	1.79%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	14.53%	4.86%	3.41%	1.17%
EPS Q/Q Growth	0.00%	0.00%	0.00%	14.53%	4.86%	3.41%	0.97%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	20.70%	10.33%	-4.80%	3.19%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	6.62%	-3.72%	-110.48%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-2.11%	-4.56%	2.46%	47.16%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	93.85%	92.81%	88.05%	91.13%	93.80%	93.13%	92.40%
EBITDA Margin	88.05%	83.83%	77.36%	84.10%	87.54%	84.28%	85.57%
Operating Margin	86.88%	81.46%	71.81%	80.36%	84.25%	76.96%	76.38%
EBIT Margin	87.19%	82.01%	72.60%	80.50%	85.23%	81.95%	82.01%
Profit (Net Income) Margin	69.86%	64.98%	58.19%	59.87%	66.88%	64.23%	64.32%
Tax Burden Percent	80.13%	79.24%	80.15%	74.37%	78.47%	78.38%	78.43%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	19.87%	20.76%	19.85%	25.63%	21.53%	21.62%	21.57%
Return on Invested Capital (ROIC)	0.00%	303.71%	84.40%	126.06%	181.75%	131.34%	78.26%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	302.31%	83.74%	125.93%	180.66%	127.35%	72.57%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-179.24%	-49.09%	-78.56%	-119.09%	-86.67%	-36.52%
Return on Equity (ROE)	0.00%	124.47%	35.30%	47.49%	62.67%	44.67%	41.73%
Cash Return on Invested Capital (CROIC)	0.00%	103.71%	86.51%	117.02%	165.86%	112.05%	-4.03%
Operating Return on Assets (OROA)	0.00%	67.25%	37.56%	54.36%	69.31%	50.90%	48.15%
Return on Assets (ROA)	0.00%	53.28%	30.10%	40.43%	54.38%	39.89%	37.76%
Return on Common Equity (ROCE)	0.00%	124.47%	35.30%	47.49%	62.67%	44.67%	41.73%
Return on Equity Simple (ROE_SIMPLE)	0.00%	62.23%	36.29%	41.43%	57.75%	38.88%	40.09%
Net Operating Profit after Tax (NOPAT)	209	317	174	270	441	381	423
NOPAT Margin	69.62%	64.55%	57.55%	59.77%	66.11%	60.32%	59.91%
Net Nonoperating Expense Percent (NNEP)	0.00%	1.40%	0.66%	0.13%	1.09%	4.00%	5.68%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	57.09%	36.52%	37.34%
Cost of Revenue to Revenue	6.15%	7.19%	11.95%	8.87%	6.20%	6.87%	7.60%
SG&A Expenses to Revenue	2.39%	5.29%	6.79%	4.20%	3.30%	7.35%	4.89%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.97%	11.35%	16.25%	10.77%	9.55%	16.17%	16.02%
Earnings before Interest and Taxes (EBIT)	262	402	220	363	569	518	579
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	264	411	234	379	584	532	604
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	14.20	22.72	11.34	22.44
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	14.20	22.72	11.57	23.16
Price to Revenue (P/Rev)	0.00	0.00	0.00	20.52	26.31	18.72	36.00
Price to Earnings (P/E)	0.00	0.00	0.00	34.27	39.34	29.15	55.97
Dividend Yield	0.83%	0.84%	3.77%	0.92%	1.27%	0.84%	1.37%
Earnings Yield	0.00%	0.00%	0.00%	2.92%	2.54%	3.43%	1.79%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	39.49	65.07	34.91	32.83
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	19.57	25.55	17.58	35.48
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	23.27	29.19	20.85	41.46
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	24.31	29.97	21.45	43.26
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	32.74	38.64	29.14	59.22
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	33.28	38.13	26.54	51.03
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	35.27	42.35	34.16	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.59	-0.59	-0.62	-0.66	-0.68	-0.50
Leverage Ratio	0.00	1.17	1.17	1.17	1.15	1.12	1.11
Compound Leverage Factor	0.00	1.17	1.17	1.17	1.15	1.12	1.11
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	53.54	105.89	66.97	135.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	14.99	15.56	10.34	16.00	19.43	10.81
Quick Ratio	0.00	14.99	15.40	10.28	15.53	19.24	10.66
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	108	178	250	403	325	-22
Operating Cash Flow to CapEx	2,089.91%	460.33%	5,220.30%	0.00%	84,848.01%	2,059.01%	33,243.36%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.82	0.52	0.68	0.81	0.62	0.59
Accounts Receivable Turnover	0.00	7.79	5.44	6.29	6.70	5.42	5.52
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	5.55	3.61	5.67	8.08	7.22	6.65
Accounts Payable Turnover	0.00	1.84	2.22	2.56	2.00	1.89	2.17
Days Sales Outstanding (DSO)	0.00	46.88	67.08	58.05	54.47	67.31	66.10
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	198.65	164.18	142.45	182.27	193.27	168.33
Cash Conversion Cycle (CCC)	0.00	-151.77	-97.10	-84.41	-127.80	-125.96	-102.24
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	208	204	223	262	318	763
Invested Capital Turnover	0.00	4.71	1.47	2.11	2.75	2.18	1.31
Increase / (Decrease) in Invested Capital	0.00	208	-4.35	19	39	56	445
Enterprise Value (EV)	0.00	0.00	0.00	8,824	17,051	11,101	25,040
Market Capitalization	0.00	0.00	0.00	9,252	17,562	11,827	25,409
Book Value per Share	$0.00	$66.03	$62.55	$84.13	$100.32	$135.92	$49.29
Tangible Book Value per Share	$0.00	$66.03	$62.55	$84.13	$100.32	$133.18	$47.76
Total Capital	0.00	512	485	652	773	1,043	1,132
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-304	-281	-428	-511	-725	-370
Capital Expenditures (CapEx)	9.35	74	3.97	-0.55	0.53	20	1.48
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	39	30	47	83	93	87
Debt-free Net Working Capital (DFNWC)	0.00	342	311	476	594	818	457
Net Working Capital (NWC)	0.00	342	311	476	594	818	457
Net Nonoperating Expense (NNE)	-0.73	-2.13	-1.92	-0.46	-5.14	-25	-31
Net Nonoperating Obligations (NNO)	0.00	-304	-281	-428	-511	-725	-370
Total Depreciation and Amortization (D&A)	2.58	8.91	14	16	15	15	25
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	7.86%	9.95%	10.50%	12.43%	14.71%	12.32%
Debt-free Net Working Capital to Revenue	0.00%	69.76%	102.84%	105.47%	88.97%	129.53%	64.72%
Net Working Capital to Revenue	0.00%	69.76%	102.84%	105.47%	88.97%	129.53%	64.72%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$7.57	$11.61	$19.27	$17.60	$19.75
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	23.27M	23.26M	23.17M	23.04M	22.99M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$7.57	$11.61	$19.26	$17.59	$19.72
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	23.27M	23.26M	23.18M	23.06M	23.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$7.57	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	23.27M	23.24M	23.09M	23.01M	22.98M
Normalized Net Operating Profit after Tax (NOPAT)	209	317	174	270	441	381	423
Normalized NOPAT Margin	69.62%	64.55%	57.55%	59.77%	66.11%	60.32%	59.91%
Pre Tax Income Margin	87.19%	82.01%	72.60%	80.50%	85.23%	81.95%	82.01%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	15.09%	14.60%	114.55%	31.58%	55.40%	24.65%	76.51%
Augmented Payout Ratio	33.40%	15.97%	114.55%	38.87%	75.06%	35.14%	82.93%

This table displays calculated financial ratios and metrics derived from Texas Pacific Land's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	54.50%	3.76%	-0.66%	-8.88%	-17.34%	9.14%	18.98%	7.30%	9.87%	11.48%
EBITDA Growth	56.01%	0.81%	-11.49%	-16.28%	-17.49%	13.48%	31.72%	14.87%	1.92%	9.02%
EBIT Growth	58.04%	2.06%	-11.29%	-16.53%	-17.71%	13.25%	32.30%	15.17%	0.36%	4.03%
NOPAT Growth	53.82%	22.02%	-15.84%	-19.79%	-22.59%	7.91%	29.49%	9.77%	0.90%	7.11%
Net Income Growth	54.87%	26.17%	-11.58%	-15.56%	-18.69%	13.42%	32.17%	14.14%	0.97%	4.64%
EPS Growth	55.45%	26.17%	-11.58%	-15.56%	-18.69%	13.42%	32.53%	14.48%	1.09%	4.89%
Operating Cash Flow Growth	52.83%	46.17%	6.53%	-3.63%	-9.77%	-15.90%	28.29%	16.33%	10.19%	13.59%
Free Cash Flow Firm Growth	156.62%	-3.02%	-20.06%	-10.87%	-22.56%	-16.77%	-7.33%	-1.85%	-269.40%	-788.38%
Invested Capital Growth	20.28%	17.27%	8.12%	8.93%	13.04%	21.36%	19.68%	12.01%	66.95%	139.80%
Revenue Q/Q Growth	8.42%	-20.10%	-4.15%	9.73%	-1.65%	5.50%	4.49%	-1.04%	0.71%	7.04%
EBITDA Q/Q Growth	7.27%	-21.79%	-13.37%	15.21%	5.71%	7.57%	0.55%	0.47%	-6.22%	15.06%
EBIT Q/Q Growth	7.64%	-21.85%	-13.90%	15.23%	6.12%	7.56%	0.59%	0.31%	-7.53%	11.49%
NOPAT Q/Q Growth	8.37%	-24.66%	-14.83%	15.34%	4.59%	5.03%	2.20%	-2.23%	-3.85%	11.49%
Net Income Q/Q Growth	9.20%	-23.19%	-13.20%	15.97%	5.16%	7.14%	1.16%	0.15%	-6.98%	11.04%
EPS Q/Q Growth	9.43%	-23.19%	-13.20%	15.97%	5.16%	7.14%	-66.26%	0.20%	-7.03%	11.23%
Operating Cash Flow Q/Q Growth	36.01%	11.12%	-13.38%	-26.39%	27.35%	3.57%	32.14%	-33.25%	20.63%	6.76%
Free Cash Flow Firm Q/Q Growth	1.31%	-29.17%	10.90%	12.00%	-11.98%	-23.87%	23.48%	18.62%	-251.91%	-209.38%
Invested Capital Q/Q Growth	7.47%	-4.56%	-9.01%	16.72%	11.54%	2.46%	-10.28%	9.24%	66.25%	47.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	94.40%	92.32%	92.76%	93.40%	92.72%	93.59%	92.70%	92.59%	91.82%	92.50%
EBITDA Margin	87.85%	85.99%	77.71%	81.59%	87.69%	89.41%	86.04%	87.35%	81.34%	87.44%
Operating Margin	84.80%	81.35%	71.71%	74.89%	80.37%	80.32%	78.12%	77.30%	73.36%	76.73%
EBIT Margin	85.80%	83.92%	75.39%	79.17%	85.42%	87.08%	83.83%	84.98%	78.02%	81.27%
Profit (Net Income) Margin	67.94%	65.31%	59.15%	62.51%	66.83%	67.87%	65.70%	66.49%	61.42%	63.71%
Tax Burden Percent	79.18%	77.82%	78.46%	78.96%	78.24%	77.94%	78.38%	78.25%	78.72%	78.40%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	20.82%	22.18%	21.55%	21.04%	21.76%	22.06%	21.62%	21.75%	21.28%	21.60%
Return on Invested Capital (ROIC)	176.75%	174.06%	163.39%	144.18%	132.78%	136.32%	154.16%	137.61%	95.71%	78.57%
ROIC Less NNEP Spread (ROIC-NNEP)	176.38%	173.41%	162.62%	143.10%	131.65%	134.90%	153.07%	136.23%	94.64%	77.36%
Return on Net Nonoperating Assets (RNNOA)	-109.30%	-114.31%	-114.68%	-93.26%	-85.96%	-91.81%	-111.98%	-97.84%	-55.76%	-38.94%
Return on Equity (ROE)	67.45%	59.75%	48.71%	50.92%	46.82%	44.51%	42.17%	39.76%	39.96%	39.63%
Cash Return on Invested Capital (CROIC)	150.19%	165.86%	177.72%	142.19%	115.39%	112.05%	136.82%	129.19%	50.11%	-4.03%
Operating Return on Assets (OROA)	74.50%	68.24%	55.46%	58.35%	55.30%	54.09%	49.92%	49.22%	47.52%	47.71%
Return on Assets (ROA)	58.99%	53.11%	43.51%	46.07%	43.26%	42.15%	39.13%	38.52%	37.41%	37.40%
Return on Common Equity (ROCE)	67.45%	59.75%	48.71%	50.92%	46.82%	44.51%	42.17%	39.76%	39.96%	39.63%
Return on Equity Simple (ROE_SIMPLE)	59.03%	0.00%	52.47%	46.93%	40.67%	0.00%	38.62%	37.11%	42.65%	0.00%
Net Operating Profit after Tax (NOPAT)	128	97	82	95	99	104	107	104	100	112
NOPAT Margin	67.14%	63.31%	56.26%	59.13%	62.88%	62.60%	61.23%	60.49%	57.75%	60.15%
Net Nonoperating Expense Percent (NNEP)	0.37%	0.65%	0.77%	1.09%	1.13%	1.42%	1.09%	1.38%	1.07%	1.21%
Return On Investment Capital (ROIC_SIMPLE)	-	12.51%	-	-	-	10.00%	-	-	-	9.87%
Cost of Revenue to Revenue	5.60%	7.68%	7.24%	6.60%	7.28%	6.42%	7.30%	7.41%	8.18%	7.50%
SG&A Expenses to Revenue	2.73%	4.76%	13.79%	8.39%	3.51%	4.34%	5.16%	3.47%	7.11%	3.86%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.61%	10.96%	21.05%	18.51%	12.35%	13.26%	14.58%	15.28%	18.45%	15.77%
Earnings before Interest and Taxes (EBIT)	164	128	110	127	135	145	146	146	135	151
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	168	131	114	131	139	149	150	151	141	162
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	18.53	22.72	15.42	11.17	14.21	11.34	11.68	13.80	19.32	22.44
Price to Tangible Book Value (P/TBV)	18.53	22.72	15.42	11.17	14.53	11.57	11.90	14.04	20.00	23.16
Price to Revenue (P/Rev)	20.18	26.31	19.18	15.23	22.19	18.72	19.89	24.81	29.61	36.00
Price to Earnings (P/E)	31.39	39.34	29.38	23.79	34.94	29.15	30.25	37.19	45.31	55.97
Dividend Yield	1.66%	1.27%	1.76%	0.97%	0.71%	0.84%	0.00%	0.62%	1.65%	1.37%
Earnings Yield	3.19%	2.54%	3.40%	4.20%	2.86%	3.43%	3.31%	2.69%	2.21%	1.79%
Enterprise Value to Invested Capital (EV/IC)	47.03	65.07	51.13	33.42	42.05	34.91	43.02	50.55	38.20	32.83
Enterprise Value to Revenue (EV/Rev)	19.51	25.55	18.29	14.29	21.13	17.58	18.62	23.48	28.83	35.48
Enterprise Value to EBITDA (EV/EBITDA)	22.14	29.19	21.41	17.10	25.36	20.85	21.60	26.80	33.52	41.46
Enterprise Value to EBIT (EV/EBIT)	22.80	29.97	21.97	17.56	26.08	21.45	22.19	27.52	34.55	43.26
Enterprise Value to NOPAT (EV/NOPAT)	30.46	38.64	28.63	23.12	34.96	29.14	30.29	38.01	47.66	59.22
Enterprise Value to Operating Cash Flow (EV/OCF)	31.86	38.13	26.84	20.62	29.71	26.54	27.24	33.92	41.63	51.03
Enterprise Value to Free Cash Flow (EV/FCFF)	34.20	42.35	29.89	24.51	38.67	34.16	34.26	41.34	95.37	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.62	-0.66	-0.71	-0.65	-0.65	-0.68	-0.73	-0.72	-0.59	-0.50
Leverage Ratio	1.15	1.15	1.16	1.15	1.13	1.12	1.13	1.11	1.12	1.11
Compound Leverage Factor	1.15	1.15	1.16	1.15	1.13	1.12	1.13	1.11	1.12	1.11
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	77.93	104.23	64.02	55.57	74.88	65.91	60.71	94.54	101.88	134.77
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	13.51	16.00	11.65	16.43	16.70	19.43	13.60	22.99	12.37	10.81
Quick Ratio	13.45	15.53	11.41	16.26	16.47	19.24	13.53	22.90	11.45	10.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	82	58	64	72	64	48	60	71	-108	-333
Operating Cash Flow to CapEx	0.00%	21,337.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	28,128.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.87	0.81	0.74	0.74	0.65	0.62	0.60	0.58	0.61	0.59
Accounts Receivable Turnover	5.95	6.70	6.20	5.14	4.65	5.42	5.79	5.60	5.52	5.52
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.23	8.08	8.02	7.76	7.35	7.22	7.39	7.46	6.68	6.65
Accounts Payable Turnover	1.55	2.00	2.14	1.55	1.49	1.89	1.80	1.62	1.45	2.17
Days Sales Outstanding (DSO)	61.36	54.47	58.87	71.00	78.56	67.31	63.06	65.23	66.13	66.10
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	234.79	182.27	170.91	236.12	245.47	193.27	202.90	225.15	252.09	168.33
Cash Conversion Cycle (CCC)	-173.43	-127.80	-112.04	-165.12	-166.91	-125.96	-139.84	-159.92	-185.95	-102.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	275	262	238	278	310	318	285	312	518	763
Invested Capital Turnover	2.63	2.75	2.90	2.44	2.11	2.18	2.52	2.27	1.66	1.31
Increase / (Decrease) in Invested Capital	46	39	18	23	36	56	47	33	208	445
Enterprise Value (EV)	12,914	17,051	12,190	9,302	13,053	11,101	12,276	15,756	19,798	25,040
Market Capitalization	13,360	17,562	12,781	9,911	13,707	11,827	13,114	16,651	20,332	25,409
Book Value per Share	$93.39	$100.32	$107.73	$115.38	$125.63	$135.92	$48.80	$52.48	$45.78	$49.29
Tangible Book Value per Share	$93.39	$100.32	$107.73	$115.38	$122.85	$133.18	$47.89	$51.59	$44.23	$47.76
Total Capital	721	773	829	888	965	1,043	1,122	1,206	1,052	1,132
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-447	-511	-591	-609	-654	-725	-837	-895	-534	-370
Capital Expenditures (CapEx)	-0.01	0.62	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	99	83	59	83	89	93	56	79	118	87
Debt-free Net Working Capital (DFNWC)	546	594	650	693	743	818	893	973	652	457
Net Working Capital (NWC)	546	594	650	693	743	818	893	973	652	457
Net Nonoperating Expense (NNE)	-1.52	-3.05	-4.23	-5.43	-6.24	-8.78	-7.79	-10	-6.36	-6.61
Net Nonoperating Obligations (NNO)	-447	-511	-591	-609	-654	-725	-837	-895	-534	-370
Total Depreciation and Amortization (D&A)	3.92	3.15	3.40	3.89	3.58	3.88	3.84	4.09	5.76	11
Debt-free, Cash-free Net Working Capital to Revenue	14.96%	12.43%	8.91%	12.81%	14.46%	14.71%	8.47%	11.73%	17.14%	12.32%
Debt-free Net Working Capital to Revenue	82.43%	88.97%	97.53%	106.43%	120.37%	129.53%	135.42%	145.05%	94.89%	64.72%
Net Working Capital to Revenue	82.43%	88.97%	97.53%	106.43%	120.37%	129.53%	135.42%	145.05%	94.89%	64.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.61	$1.44	$3.75	$4.35	$4.58	$1.64	$4.97	$4.99	$4.64	$5.15
Adjusted Weighted Average Basic Shares Outstanding	23.14M	69.50M	23.08M	23.06M	23.03M	69.13M	23.00M	22.99M	22.98M	22.99M
Adjusted Diluted Earnings per Share	$5.61	$1.44	$3.75	$4.35	$4.58	$1.64	$4.97	$4.98	$4.63	$5.15
Adjusted Weighted Average Diluted Shares Outstanding	23.16M	69.54M	23.10M	23.07M	23.05M	69.18M	23.02M	23.01M	23.01M	23.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$1.44	$0.00	$0.00	$0.00	$1.64	$0.00	$0.00	$0.00	$5.15
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.11M	23.09M	23.08M	23.03M	23.02M	23.01M	22.99M	22.98M	22.97M	22.98M
Normalized Net Operating Profit after Tax (NOPAT)	128	97	82	95	99	104	107	104	100	112
Normalized NOPAT Margin	67.14%	63.31%	56.26%	59.13%	62.88%	62.60%	61.23%	60.49%	57.75%	60.15%
Pre Tax Income Margin	85.80%	83.92%	75.39%	79.17%	85.42%	87.08%	83.83%	84.98%	78.02%	81.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.66%	55.40%	57.26%	23.12%	25.02%	24.65%	23.49%	23.17%	74.78%	76.51%
Augmented Payout Ratio	73.26%	75.06%	78.96%	44.62%	40.95%	35.14%	34.12%	30.53%	82.14%	82.93%

Frequently Asked Questions About Texas Pacific Land's Financials

When does Texas Pacific Land's fiscal year end?

According to the most recent income statement we have on file, Texas Pacific Land's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Texas Pacific Land's net income changed over the last 6 years?

Texas Pacific Land's net income appears to be on an upward trend, with a most recent value of $453.96 million in 2024, rising from $209.74 million in 2018. The previous period was $405.65 million in 2023. Find out what analysts predict for Texas Pacific Land in the coming months.

What is Texas Pacific Land's operating income?

Texas Pacific Land's total operating income in 2024 was $539.14 million, based on the following breakdown:

Total Gross Profit: $652.20 million
Total Operating Expenses: $113.06 million

How has Texas Pacific Land revenue changed over the last 6 years?

Over the last 6 years, Texas Pacific Land's total revenue changed from $300.22 million in 2018 to $705.82 million in 2024, a change of 135.1%.

How much debt does Texas Pacific Land have?

Texas Pacific Land's total liabilities were at $115.56 million at the end of 2024, a 2.1% increase from 2023, and a 34.3% increase since 2019.

How much cash does Texas Pacific Land have?

In the past 5 years, Texas Pacific Land's cash and equivalents has ranged from $281.05 million in 2020 to $725.17 million in 2023, and is currently $369.84 million as of their latest financial filing in 2024.

How has Texas Pacific Land's book value per share changed over the last 6 years?

Over the last 6 years, Texas Pacific Land's book value per share changed from 0.00 in 2018 to 49.29 in 2024, a change of 4,929.1%.

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This page (NYSE:TPL) was last updated on 5/6/2025 by MarketBeat.com Staff

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Texas Pacific Land (TPL) Financials

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