Texas Pacific Land Corp (TPL) Financial Statements (2025 and earlier)

Company Profile

Business Address 1700 PACIFIC AVENUE
DALLAS, TX 75201
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6792 - Oil Royalty Traders (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments725,169510,834428,242281,046
Cash and cash equivalent725,169510,834428,242281,046
Prepaid expense  4,809  
Other undisclosed current assets137,295117,75898,271 
Total current assets:862,464633,401526,513281,046
Noncurrent Assets
Operating lease, right-of-use asset1,8612,5251,8262,473
Property, plant and equipment89,58785,47879,72279,267
Intangible assets, net (including goodwill)21,025   
Intangible assets, net (excluding goodwill)21,025   
Other undisclosed noncurrent assets181,461156,023156,003 
Total noncurrent assets:293,934244,026237,55181,740
Other undisclosed assets    208,849
TOTAL ASSETS:1,156,398877,427764,064571,635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:22,50123,89718,00814,680
Taxes payable29,0834,054
Accrued liabilities15,55611,210  
Other undisclosed accounts payable and accrued liabilities6,94512,687(11,075)10,626
Deferred revenue6,3304,4883,809 
Other undisclosed current liabilities15,55611,21029,083 
Total current liabilities:44,38739,59550,90014,680
Noncurrent Liabilities
Long-term debt and lease obligation:   1,445 
Liabilities, other than long-term debt68,54164,81459,39738,728
Deferred revenue25,00621,70820,449 
Deferred income tax liabilities42,36541,15138,94838,728
Operating lease, liability1,1701,9551,445 
Other undisclosed noncurrent liabilities274131611 
Total noncurrent liabilities:68,81564,94561,45338,728
Other undisclosed liabilities    33,043
Total liabilities:113,202104,540112,35386,451
Equity
Equity, attributable to parent1,043,196772,887651,711485,184
Common stock787878 
Treasury stock, value(144,998)(104,139)(15,417) 
Additional paid in capital14,6138,29328 
Accumulated other comprehensive income (loss)1,8312,516(1,007)(2,693)
Retained earnings1,171,672866,139668,029487,877
Total equity:1,043,196772,887651,711485,184
TOTAL LIABILITIES AND EQUITY:1,156,398877,427764,064571,635

Income Statement (P&L) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues631,595667,422450,958302,554
Cost of revenue(120,114)(91,765)(76,783)(75,552)
Cost of product and service sold(33,566)(17,463)(13,233)(14,233)
Gross profit:511,481575,657374,175227,002
Operating expenses(25,428)(13,350)(11,782)(9,751)
Operating income:486,053562,307362,393217,251
Nonoperating income31,5086,5486242,411
Income from continuing operations before income taxes:517,561568,855363,017219,662
Income tax expense(111,916)(122,493)(93,037)(43,613)
Income from continuing operations:405,645446,362269,980176,049
Income before gain (loss) on sale of properties:269,980176,049
Net income available to common stockholders, diluted:405,645446,362269,980176,049

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:405,645446,362269,980176,049
Other comprehensive income (loss)(685)3,5231,686(1,232)
Comprehensive income, net of tax, attributable to parent:404,960449,885271,666174,817

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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