Texas Pacific Land (TPL) Financials

$1,199.25 -20.29 (-1.66%)

Closing price 03:59 PM Eastern

Extended Trading

$1,229.55 +30.30 (+2.53%)

As of 07:56 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	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Net Income / (Loss) Attributable to Common Shareholders	454	406	446	270	176	319	210
Consolidated Net Income / (Loss)	454	406	446	270	176	319	210
Net Income / (Loss) Continuing Operations	454	406	446	270	176	319	210
Total Pre-Tax Income	579	518	569	363	220	402	262
Total Operating Income	539	486	562	362	217	400	261
Total Gross Profit	652	588	626	411	266	455	282
Total Revenue	706	632	667	451	303	490	300
Operating Revenue	706	632	667	451	303	490	300
Total Cost of Revenue	54	43	41	40	36	35	18
Operating Cost of Revenue	54	43	41	40	36	35	18
Total Operating Expenses	113	102	64	49	49	56	21
Selling, General & Admin Expense	34	46	22	19	21	26	7.18
Depreciation Expense	25	15	15	16	14	8.91	2.58
Other Operating Expenses / (Income)	53	41	26	13	14	21	11
Total Other Income / (Expense), net	40	32	6.55	0.62	2.40	2.68	0.92
Other Income / (Expense), net	40	32	6.55	0.62	2.40	2.68	0.92
Income Tax Expense	125	112	122	93	44	84	52
Basic Earnings per Share	$19.75	$17.60	$19.27	$34.83	$22.70	$41.09	$26.93
Weighted Average Basic Shares Outstanding	22.99M	23.04M	23.17M	7.75M	7.76M	7.76M	-
Diluted Earnings per Share	$19.72	$17.59	$19.26	$34.83	$22.70	$41.09	$26.93
Weighted Average Diluted Shares Outstanding	23.02M	23.06M	23.18M	7.75M	7.76M	7.76M	7.79M
Weighted Average Basic & Diluted Shares Outstanding	22.98M	7.67M	7.70M	7.75M	7.76M	-	-

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	121	118	107	115	114	113	106	100	87	100	130
Consolidated Net Income / (Loss)	121	118	107	115	114	113	106	100	87	100	130
Net Income / (Loss) Continuing Operations	121	118	107	115	114	113	106	100	87	100	130
Total Pre-Tax Income	154	151	135	146	146	145	135	127	110	128	164
Total Operating Income	150	143	127	133	136	134	127	120	105	124	162
Total Gross Profit	181	172	159	160	161	156	146	150	136	141	180
Total Revenue	196	186	174	172	174	167	158	161	146	153	191
Operating Revenue	196	186	174	172	174	167	158	161	146	153	191
Total Cost of Revenue	15	14	14	13	13	11	11	11	11	12	11
Operating Cost of Revenue	15	14	14	13	13	11	11	11	11	12	11
Total Operating Expenses	31	29	32	26	25	22	20	30	31	17	18
Selling, General & Admin Expense	6.07	7.18	12	5.98	8.98	7.24	5.55	13	20	7.27	5.23
Depreciation Expense	12	11	5.76	4.09	3.84	3.88	3.58	3.89	3.40	3.15	3.92
Other Operating Expenses / (Income)	13	11	14	16	13	11	10	12	7.23	6.32	9.22
Total Other Income / (Expense), net	4.32	8.43	8.09	13	9.94	11	7.98	6.87	5.39	3.92	1.92
Other Income / (Expense), net	4.32	8.43	8.09	13	9.94	11	7.98	6.87	5.39	3.92	1.92
Income Tax Expense	34	33	29	32	32	32	29	27	24	28	34
Basic Earnings per Share	$5.25	$5.15	$4.64	$4.99	$4.97	$4.91	$4.58	$4.35	$3.75	$4.31	$16.83
Weighted Average Basic Shares Outstanding	22.98M	22.99M	22.98M	22.99M	23.00M	23.04M	23.03M	23.06M	23.08M	23.17M	7.71M
Diluted Earnings per Share	$5.24	$5.15	$4.63	$4.98	$4.97	$4.91	$4.58	$4.35	$3.75	$4.31	$16.82
Weighted Average Diluted Shares Outstanding	23.01M	23.02M	23.01M	23.01M	23.02M	23.06M	23.05M	23.07M	23.10M	23.18M	7.72M
Weighted Average Basic & Diluted Shares Outstanding	22.99M	22.98M	22.97M	22.98M	22.99M	7.67M	7.67M	7.68M	7.69M	7.70M	7.70M
Cash Dividends to Common per Share	$1.60	$1.60	$11.17	$1.17	$1.17	$1.08	$1.08	$1.08	$1.08	$1.00	$3.00

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	92	-163	-361	58	107	71	48	14	80	71	57
Net Cash From Operating Activities	157	127	119	98	147	111	108	84	115	133	119
Net Cash From Continuing Operating Activities	157	127	119	98	147	111	108	84	115	133	119
Net Income / (Loss) Continuing Operations	121	118	107	115	114	113	106	100	87	100	130
Consolidated Net Income / (Loss)	121	118	107	115	114	113	106	100	87	100	130
Depreciation Expense	12	11	5.76	4.09	3.84	3.88	3.58	3.89	3.40	3.15	3.92
Non-Cash Adjustments To Reconcile Net Income	4.40	-5.01	2.94	2.70	3.35	7.37	2.79	2.85	2.47	4.75	2.12
Changes in Operating Assets and Liabilities, net	20	1.76	3.27	-23	26	-13	-4.35	-23	22	25	-17
Net Cash From Investing Activities	-13	-246	-216	-7.41	-2.24	-4.40	-28	-26	-1.74	-6.81	-6.33
Net Cash From Continuing Investing Activities	-13	-246	-216	-7.41	-2.24	-4.40	-28	-26	-1.74	-6.81	-6.33
Purchase of Property, Plant & Equipment	-0.01	-0.45	-	-	-	-	-	-	-	-0.62	-
Acquisitions	-3.55	-232	-208	-	-	-	-23	-	-	-	-
Other Investing Activities, net	-8.97	-13	-7.83	-6.38	-2.24	-4.40	-5.09	-3.79	-1.75	-6.19	-6.34
Net Cash From Financing Activities	-52	-43	-263	-33	-38	-36	-31	-45	-33	-55	-56
Net Cash From Continuing Financing Activities	-52	-43	-263	-33	-38	-36	-31	-45	-33	-55	-56
Repurchase of Common Equity	-0.10	-6.36	-6.07	-6.38	-10	-10	-5.95	-20	-6.84	-30	-33
Payment of Dividends	-37	-37	-257	-27	-27	-25	-25	-25	-25	-23	-23
Other Financing Activities, net	-14	-	-0.42	-	-1.21	-0.78	-0.35	-	-0.94	-1.76	-
Cash Income Taxes Paid	0.00	24	30	67	0.00	29	31	44	0.00	36	48

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

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,353	1,176	1,316	1,259	1,079	1,001	955	829
Total Current Assets	607	709	1,018	964	791	738	711	589
Cash & Equivalents	460	534	895	837	654	609	591	447
Accounts Receivable	138	123	119	122	126	121	106	140
Prepaid Expenses	4.87	48	3.88	4.92	5.11	5.31	7.59	2.94
Other Current Assets	3.42	0.00	0.00	0.00	5.38	2.20	6.76	-
Plant, Property, & Equipment, net	128	119	96	92	87	84	86	82
Total Noncurrent Assets	618	347	203	203	202	179	158	158
Intangible Assets	35	36	20	21	21	-	-	-
Other Noncurrent Operating Assets	583	312	182	182	181	179	158	158
Total Liabilities & Shareholders' Equity	1,353	1,176	1,316	1,259	1,079	1,001	955	829
Total Liabilities	147	123	109	137	115	114	126	108
Total Current Liabilities	78	57	44	71	47	45	61	44
Accounts Payable	25	41	32	23	29	27	27	31
Current Deferred Revenue	12	6.69	6.06	6.77	6.10	6.22	6.78	4.61
Current Deferred & Payable Income Tax Liabilities	37	2.22	0.89	37	4.28	5.15	22	8.26
Other Taxes Payable	3.44	7.86	5.66	4.18	7.96	6.36	4.56	-
Total Noncurrent Liabilities	69	66	65	66	67	69	65	64
Noncurrent Deferred Revenue	20	21	21	23	26	27	22	21
Noncurrent Deferred & Payable Income Tax Liabilities	48	45	43	42	40	40	41	38
Other Noncurrent Operating Liabilities	0.68	0.95	0.89	1.10	1.61	1.77	1.92	4.66
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,206	1,052	1,206	1,122	965	888	829	721
Total Preferred & Common Equity	1,206	1,052	1,206	1,122	965	888	829	721
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,206	1,052	1,206	1,122	965	888	829	721
Common Stock	2.35	17	16	13	12	11	7.81	5.56
Retained Earnings	1,345	1,196	1,347	1,259	1,084	1,003	928	790
Treasury Stock	-145	-162	-158	-152	-134	-129	-109	-73
Accumulated Other Comprehensive Income / (Loss)	3.54	1.77	1.79	1.81	2.44	2.47	2.49	-0.98

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.54%	11.48%	9.87%	7.30%	18.98%	9.14%	-17.34%	-8.88%	-0.66%	3.76%	54.50%
EBITDA Growth	11.02%	9.02%	1.92%	14.87%	31.72%	13.48%	-17.49%	-16.28%	-11.49%	0.81%	56.01%
EBIT Growth	5.76%	4.03%	0.36%	15.17%	32.30%	13.25%	-17.71%	-16.53%	-11.29%	2.06%	58.04%
NOPAT Growth	9.99%	7.11%	0.90%	9.77%	29.49%	7.91%	-22.59%	-19.79%	-15.84%	22.02%	53.82%
Net Income Growth	5.45%	4.64%	0.97%	14.14%	32.17%	13.42%	-18.69%	-15.56%	-11.58%	26.17%	54.87%
EPS Growth	5.43%	4.89%	1.09%	14.48%	32.53%	13.42%	-18.69%	-15.56%	-11.58%	26.17%	55.45%
Operating Cash Flow Growth	6.44%	13.59%	10.19%	16.33%	28.29%	-15.90%	-9.77%	-3.63%	6.53%	46.17%	52.83%
Free Cash Flow Firm Growth	-674.90%	-788.38%	-269.40%	-1.85%	-7.33%	-16.77%	-22.56%	-10.87%	-20.06%	-3.02%	156.62%
Invested Capital Growth	161.39%	139.80%	66.95%	12.01%	19.68%	21.36%	13.04%	8.93%	8.12%	17.27%	20.28%
Revenue Q/Q Growth	5.49%	7.04%	0.71%	-1.04%	4.49%	5.50%	-1.65%	9.73%	-4.15%	-20.10%	8.42%
EBITDA Q/Q Growth	2.39%	15.06%	-6.22%	0.47%	0.55%	7.57%	5.71%	15.21%	-13.37%	-21.79%	7.27%
EBIT Q/Q Growth	2.26%	11.49%	-7.53%	0.31%	0.59%	7.56%	6.12%	15.23%	-13.90%	-21.85%	7.64%
NOPAT Q/Q Growth	4.95%	11.49%	-3.85%	-2.23%	2.20%	5.03%	4.59%	15.34%	-14.83%	-24.66%	8.37%
Net Income Q/Q Growth	1.94%	11.04%	-6.98%	0.15%	1.16%	7.14%	5.16%	15.97%	-13.20%	-23.19%	9.20%
EPS Q/Q Growth	1.75%	11.23%	-7.03%	0.20%	-66.26%	7.14%	5.16%	15.97%	-13.20%	-23.19%	9.43%
Operating Cash Flow Q/Q Growth	23.82%	6.76%	20.63%	-33.25%	32.14%	3.57%	27.35%	-26.39%	-13.38%	11.12%	36.01%
Free Cash Flow Firm Q/Q Growth	-3.12%	-209.38%	-251.91%	18.62%	23.48%	-23.87%	-11.98%	12.00%	10.90%	-29.17%	1.31%
Invested Capital Q/Q Growth	-2.20%	47.16%	66.25%	9.24%	-10.28%	2.46%	11.54%	16.72%	-9.01%	-4.56%	7.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	92.56%	92.50%	91.82%	92.59%	92.70%	93.59%	92.72%	93.40%	92.76%	92.32%	94.40%
EBITDA Margin	84.87%	87.44%	81.34%	87.35%	86.04%	89.41%	87.69%	81.59%	77.71%	85.99%	87.85%
Operating Margin	76.57%	76.73%	73.36%	77.30%	78.12%	80.32%	80.37%	74.89%	71.71%	81.35%	84.80%
EBIT Margin	78.78%	81.27%	78.02%	84.98%	83.83%	87.08%	85.42%	79.17%	75.39%	83.92%	85.80%
Profit (Net Income) Margin	61.56%	63.71%	61.42%	66.49%	65.70%	67.87%	66.83%	62.51%	59.15%	65.31%	67.94%
Tax Burden Percent	78.15%	78.40%	78.72%	78.25%	78.38%	77.94%	78.24%	78.96%	78.46%	77.82%	79.18%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	21.85%	21.60%	21.28%	21.75%	21.62%	22.06%	21.76%	21.04%	21.55%	22.18%	20.82%
Return on Invested Capital (ROIC)	84.45%	78.57%	95.71%	137.61%	154.16%	136.32%	132.78%	144.18%	163.39%	174.06%	176.75%
ROIC Less NNEP Spread (ROIC-NNEP)	83.93%	77.36%	94.64%	136.23%	153.07%	134.90%	131.65%	143.10%	162.62%	173.41%	176.38%
Return on Net Nonoperating Assets (RNNOA)	-46.76%	-38.94%	-55.76%	-97.84%	-111.98%	-91.81%	-85.96%	-93.26%	-114.68%	-114.31%	-109.30%
Return on Equity (ROE)	37.69%	39.63%	39.96%	39.76%	42.17%	44.51%	46.82%	50.92%	48.71%	59.75%	67.45%
Cash Return on Invested Capital (CROIC)	-5.24%	-4.03%	50.11%	129.19%	136.82%	112.05%	115.39%	142.19%	177.72%	165.86%	150.19%
Operating Return on Assets (OROA)	43.89%	47.71%	47.52%	49.22%	49.92%	54.09%	55.30%	58.35%	55.46%	68.24%	74.50%
Return on Assets (ROA)	34.29%	37.40%	37.41%	38.52%	39.13%	42.15%	43.26%	46.07%	43.51%	53.11%	58.99%
Return on Common Equity (ROCE)	37.69%	39.63%	39.96%	39.76%	42.17%	44.51%	46.82%	50.92%	48.71%	59.75%	67.45%
Return on Equity Simple (ROE_SIMPLE)	38.15%	0.00%	42.65%	37.11%	38.62%	0.00%	40.67%	46.93%	52.47%	0.00%	59.03%
Net Operating Profit after Tax (NOPAT)	117	112	100	104	107	104	99	95	82	97	128
NOPAT Margin	59.84%	60.15%	57.75%	60.49%	61.23%	62.60%	62.88%	59.13%	56.26%	63.31%	67.14%
Net Nonoperating Expense Percent (NNEP)	0.52%	1.21%	1.07%	1.38%	1.09%	1.42%	1.13%	1.09%	0.77%	0.65%	0.37%
Return On Investment Capital (ROIC_SIMPLE)	9.72%	9.87%	-	-	-	10.00%	-	-	-	12.51%	-
Cost of Revenue to Revenue	7.44%	7.50%	8.18%	7.41%	7.30%	6.42%	7.28%	6.60%	7.24%	7.68%	5.60%
SG&A Expenses to Revenue	3.10%	3.86%	7.11%	3.47%	5.16%	4.34%	3.51%	8.39%	13.79%	4.76%	2.73%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.99%	15.77%	18.45%	15.28%	14.58%	13.26%	12.35%	18.51%	21.05%	10.96%	9.61%
Earnings before Interest and Taxes (EBIT)	154	151	135	146	146	145	135	127	110	128	164
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	166	162	141	151	150	149	139	131	114	131	168
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	25.25	22.44	19.32	13.80	11.68	11.34	14.21	11.17	15.42	22.72	18.53
Price to Tangible Book Value (P/TBV)	25.99	23.16	20.00	14.04	11.90	11.57	14.53	11.17	15.42	22.72	18.53
Price to Revenue (P/Rev)	41.85	36.00	29.61	24.81	19.89	18.72	22.19	15.23	19.18	26.31	20.18
Price to Earnings (P/E)	66.18	55.97	45.31	37.19	30.25	29.15	34.94	23.79	29.38	39.34	31.39
Dividend Yield	1.17%	1.37%	1.65%	0.62%	0.00%	0.84%	0.71%	0.97%	1.76%	1.27%	1.66%
Earnings Yield	1.51%	1.79%	2.21%	2.69%	3.31%	3.43%	2.86%	4.20%	3.40%	2.54%	3.19%
Enterprise Value to Invested Capital (EV/IC)	40.21	32.83	38.20	50.55	43.02	34.91	42.05	33.42	51.13	65.07	47.03
Enterprise Value to Revenue (EV/Rev)	41.22	35.48	28.83	23.48	18.62	17.58	21.13	14.29	18.29	25.55	19.51
Enterprise Value to EBITDA (EV/EBITDA)	48.34	41.46	33.52	26.80	21.60	20.85	25.36	17.10	21.41	29.19	22.14
Enterprise Value to EBIT (EV/EBIT)	51.08	43.26	34.55	27.52	22.19	21.45	26.08	17.56	21.97	29.97	22.80
Enterprise Value to NOPAT (EV/NOPAT)	69.19	59.22	47.66	38.01	30.29	29.14	34.96	23.12	28.63	38.64	30.46
Enterprise Value to Operating Cash Flow (EV/OCF)	59.97	51.03	41.63	33.92	27.24	26.54	29.71	20.62	26.84	38.13	31.86
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	95.37	41.34	34.26	34.16	38.67	24.51	29.89	42.35	34.20
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	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	0.00
Financial Leverage	-0.56	-0.50	-0.59	-0.72	-0.73	-0.68	-0.65	-0.65	-0.71	-0.66	-0.62
Leverage Ratio	1.12	1.11	1.12	1.11	1.13	1.12	1.13	1.15	1.16	1.15	1.15
Compound Leverage Factor	1.12	1.11	1.12	1.11	1.13	1.12	1.13	1.15	1.16	1.15	1.15
Debt to Total Capital	0.00%	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%	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%	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%	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%	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%	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	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	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	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	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	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	0.00
Altman Z-Score	127.05	134.77	101.88	94.54	60.71	65.91	74.88	55.57	64.02	104.23	77.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.80	10.81	12.37	22.99	13.60	19.43	16.70	16.43	11.65	16.00	13.51
Quick Ratio	7.69	10.66	11.45	22.90	13.53	19.24	16.47	16.26	11.41	15.53	13.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-343	-333	-108	71	60	48	64	72	64	58	82
Operating Cash Flow to CapEx	3,134,520.00%	28,128.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	21,337.20%	0.00%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.59	0.61	0.58	0.60	0.62	0.65	0.74	0.74	0.81	0.87
Accounts Receivable Turnover	5.60	5.52	5.52	5.60	5.79	5.42	4.65	5.14	6.20	6.70	5.95
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.60	6.65	6.68	7.46	7.39	7.22	7.35	7.76	8.02	8.08	8.23
Accounts Payable Turnover	2.30	2.17	1.45	1.62	1.80	1.89	1.49	1.55	2.14	2.00	1.55
Days Sales Outstanding (DSO)	65.22	66.10	66.13	65.23	63.06	67.31	78.56	71.00	58.87	54.47	61.36
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	158.47	168.33	252.09	225.15	202.90	193.27	245.47	236.12	170.91	182.27	234.79
Cash Conversion Cycle (CCC)	-93.24	-102.24	-185.95	-159.92	-139.84	-125.96	-166.91	-165.12	-112.04	-127.80	-173.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	746	763	518	312	285	318	310	278	238	262	275
Invested Capital Turnover	1.41	1.31	1.66	2.27	2.52	2.18	2.11	2.44	2.90	2.75	2.63
Increase / (Decrease) in Invested Capital	461	445	208	33	47	56	36	23	18	39	46
Enterprise Value (EV)	29,994	25,040	19,798	15,756	12,276	11,101	13,053	9,302	12,190	17,051	12,914
Market Capitalization	30,455	25,409	20,332	16,651	13,114	11,827	13,707	9,911	12,781	17,562	13,360
Book Value per Share	$52.48	$49.29	$45.78	$52.48	$48.80	$135.92	$125.63	$115.38	$107.73	$100.32	$93.39
Tangible Book Value per Share	$50.98	$47.76	$44.23	$51.59	$47.89	$133.18	$122.85	$115.38	$107.73	$100.32	$93.39
Total Capital	1,206	1,132	1,052	1,206	1,122	1,043	965	888	829	773	721
Total Debt	0.00	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	0.00
Net Debt	-460	-370	-534	-895	-837	-725	-654	-609	-591	-511	-447
Capital Expenditures (CapEx)	0.01	0.45	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.62	-0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	69	87	118	79	56	93	89	83	59	83	99
Debt-free Net Working Capital (DFNWC)	529	457	652	973	893	818	743	693	650	594	546
Net Working Capital (NWC)	529	457	652	973	893	818	743	693	650	594	546
Net Nonoperating Expense (NNE)	-3.38	-6.61	-6.36	-10	-7.79	-8.78	-6.24	-5.43	-4.23	-3.05	-1.52
Net Nonoperating Obligations (NNO)	-460	-370	-534	-895	-837	-725	-654	-609	-591	-511	-447
Total Depreciation and Amortization (D&A)	12	11	5.76	4.09	3.84	3.88	3.58	3.89	3.40	3.15	3.92
Debt-free, Cash-free Net Working Capital to Revenue	9.44%	12.32%	17.14%	11.73%	8.47%	14.71%	14.46%	12.81%	8.91%	12.43%	14.96%
Debt-free Net Working Capital to Revenue	72.71%	64.72%	94.89%	145.05%	135.42%	129.53%	120.37%	106.43%	97.53%	88.97%	82.43%
Net Working Capital to Revenue	72.71%	64.72%	94.89%	145.05%	135.42%	129.53%	120.37%	106.43%	97.53%	88.97%	82.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.25	$5.15	$4.64	$4.99	$4.97	$1.64	$4.58	$4.35	$3.75	$1.44	$5.61
Adjusted Weighted Average Basic Shares Outstanding	22.98M	22.99M	22.98M	22.99M	23.00M	69.13M	23.03M	23.06M	23.08M	69.50M	23.14M
Adjusted Diluted Earnings per Share	$5.24	$5.15	$4.63	$4.98	$4.97	$1.64	$4.58	$4.35	$3.75	$1.44	$5.61
Adjusted Weighted Average Diluted Shares Outstanding	23.01M	23.02M	23.01M	23.01M	23.02M	69.18M	23.05M	23.07M	23.10M	69.54M	23.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$5.15	$0.00	$0.00	$0.00	$1.64	$0.00	$0.00	$0.00	$1.44	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.99M	22.98M	22.97M	22.98M	22.99M	23.01M	23.02M	23.03M	23.08M	23.09M	23.11M
Normalized Net Operating Profit after Tax (NOPAT)	117	112	100	104	107	104	99	95	82	97	128
Normalized NOPAT Margin	59.84%	60.15%	57.75%	60.49%	61.23%	62.60%	62.88%	59.13%	56.26%	63.31%	67.14%
Pre Tax Income Margin	78.78%	81.27%	78.02%	84.98%	83.83%	87.08%	85.42%	79.17%	75.39%	83.92%	85.80%
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	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	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	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	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	77.76%	76.51%	74.78%	23.17%	23.49%	24.65%	25.02%	23.12%	57.26%	55.40%	57.66%
Augmented Payout Ratio	81.87%	82.93%	82.14%	30.53%	34.12%	35.14%	40.95%	44.62%	78.96%	75.06%	73.26%

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. View Texas Pacific Land's forecast to see where analysts expect Texas Pacific Land to go next.

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 5/29/2025 by MarketBeat.com Staff

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Texas Pacific Land (TPL) Financials

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Texas Pacific Land (TPL) Financials

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