Texas Pacific Land Corp

Country

United States

Sector

Energy

Industry

Oil & Gas E&P

Employees

111

Ticker

TPL

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.texaspacific.com

Description

Texas Pacific Land Corporation operates as one of the largest private landowners in the state of Texas. Primarily recognized for its real estate interests, the company oversees millions of acres of la... Show more

Financial Statements of Texas Pacific Land Corp

Below are the financial statements of Texas Pacific Land Corp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Revenues	—	—	—
Oil and gas royalties	373.33^a	357.39^a	452.43^a
Water sales	150.72^a	112.2^a	84.73^a
Produced water royalties	104.12^a	84.26^a	72.23^a
Easements and other surface-related income	73.26^a	70.93^a	48.35^a
Land sales	4.39^a	6.81^a	9.68^a
Total revenues	705.82^a	631.6^a	667.42^a
Expenses	—	—	—
Salaries and related employee expenses	-53.62^a	-43.38^a	-41.4^a
Water service-related expenses	-46.12^a	-33.57^a	-17.46^a
General and administrative expenses	-34.48^a	-46.45^a	-22.02^a
Depreciation, depletion and amortization	-25.16^a	-14.76^a	-15.38^a
Ad valorem and other taxes	-7.3^a	-7.39^a	-8.85^a
Total operating expenses	-166.69^a	-145.54^a	-105.12^a
Operating income	539.14^a	486.05^a	562.31^a
Other income, net	39.68^a	31.51^a	6.55^a
Income before income taxes	578.82^a	517.56^a	568.86^a
Income tax expense	—	—	—
Current	-120.26^a	-110.52^a	-121.23^a
Deferred	-4.6^a	-1.4^a	-1.26^a
Total income tax expense	-124.86^a	-111.92^a	-122.49^a
Net income	453.96^a	405.65^a	446.36^a

Verified Sources Behind Texas Pacific Land Corp’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Texas Pacific Land Corp’s data sources below and access millions more through our Disclosure Search.

a. Texas Pacific Land Corp's 10-K 2024

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Texas Pacific Land Corp

Financial Statements of Texas Pacific Land Corp

Verified Sources Behind Texas Pacific Land Corp’s Financial Fundamentals Data

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