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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 surface 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, and disposal solutions 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.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 568.86M | 363.02M | 219.66M | 404.45M | 261.75M |
| Net income | 446.36M | 269.98M | 176.05M | 320.93M | 209.74M |
| Selling general administrative | 63.49M | 59.08M | 52.70M | 59.01M | 25.64M |
| Gross profit | 634.53M | 421.47M | 269.95M | 460.78M | 286.47M |
| Reconciled depreciation | 15.38M | 16.26M | 14.39M | 8.91M | 2.58M |
| Ebit | 546.93M | 346.14M | 202.86M | 392.87M | 260.83M |
| Ebitda | 562.31M | 362.39M | 217.25M | 401.77M | 263.42M |
| Depreciation and amortization | 15.38M | 16.26M | 14.39M | 8.91M | 2.58M |
| Non operating income net other | - | - | - | 2.68M | 0.92M |
| Operating income | 562.31M | 362.39M | 217.25M | 401.77M | 260.83M |
| Other operating expenses | 105.11M | 88.56M | 85.30M | 88.72M | 39.39M |
| Interest expense | -6.55M | 16.88M | 16.81M | 11.59M | 0.00M |
| Tax provision | 122.49M | 93.04M | 43.61M | 83.53M | 52.01M |
| Extraordinary items | - | - | - | 0.00M | 0.00M |
| Income tax expense | 122.49M | 93.04M | 43.61M | 83.53M | 52.01M |
| Total revenue | 667.42M | 450.96M | 302.55M | 490.50M | 300.22M |
| Total operating expenses | 72.22M | 59.08M | 52.70M | 59.01M | 25.64M |
| Cost of revenue | 32.89M | 29.49M | 32.60M | 29.71M | 13.75M |
| Total other income expense net | 6.55M | 0.62M | 2.41M | 2.68M | 0.92M |
| Net income from continuing ops | 446.36M | 269.98M | 176.05M | 318.73M | 209.74M |
| Net income applicable to common shares | 446.36M | 269.98M | 176.05M | 318.73M | 209.74M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 877.43M | 764.06M | 571.63M | 598.18M | 285.07M |
| Other current assets | 7.43M | 3.05M | 1.98M | - | 9.40M |
| Total liab | 104.54M | 112.35M | 86.45M | 86.04M | 40.38M |
| Total stockholder equity | 772.89M | 651.71M | 485.18M | 512.14M | 244.69M |
| Deferred long term liab | - | - | - | 40.83M | 14.90M |
| Other current liab | 11.21M | 29.08M | 4.05M | 5.27M | 1.61M |
| Common stock | 0.08M | 0.08M | 487.88M | 513.60M | 245.77M |
| Capital stock | 0.08M | 0.08M | 0.00M | 0.00M | 0.00M |
| Retained earnings | 866.14M | 668.03M | - | 513.60M | 245.77M |
| Other liab | 62.99M | 60.01M | 64.90M | 58.21M | 28.27M |
| Other assets | 6.35M | 111.61M | 211.32M | 111.06M | 14.38M |
| Cash | 510.83M | 428.24M | 281.05M | 303.64M | 119.65M |
| Cash and equivalents | 510.83M | 428.24M | 281.05M | 303.64M | 119.65M |
| Total current liabilities | 56.81M | 67.54M | 18.73M | 24.46M | 12.11M |
| Current deferred revenue | 21.71M | 20.45M | 26.17M | - | - |
| Net debt | -508.88M | -426.80M | -278.23M | -300.28M | -119.65M |
| Short term debt | 0.00M | 0.00M | -26.17M | 0.00M | 0.00M |
| Short long term debt total | 1.96M | 1.45M | 2.82M | 3.37M | - |
| Other stockholder equity | -95.85M | -15.39M | 487.88M | 513.60M | 245.77M |
| Property plant equipment | 242.73M | 81.55M | 81.74M | 195.40M | 75.29M |
| Total current assets | 743.11M | 635.58M | 439.78M | 473.71M | 188.29M |
| Long term investments | - | - | - | 29.06M | 24.30M |
| Net tangible assets | 772.89M | 651.71M | 485.18M | 512.14M | 244.69M |
| Net receivables | 103.98M | 95.22M | 48.22M | 62.99M | 48.75M |
| Inventory | 109.70M | 109.07M | 108.54M | 107.08M | 10.49M |
| Accounts payable | 23.90M | 18.01M | 14.68M | 19.19M | 10.51M |
| Accumulated other comprehensive income | 2.52M | -1.01M | -2.69M | -1.46M | -1.08M |
| Retained earnings total equity | - | - | - | 513.60M | 245.77M |
| Treasury stock | - | -15.42M | - | - | - |
| Non currrent assets other | 1.29M | 2.54M | 4.47M | 3.98M | 7.68M |
| Non current assets total | 134.32M | 128.48M | 131.86M | 124.46M | 96.79M |
| Capital lease obligations | 1.96M | 1.45M | 2.82M | 3.37M | - |
| Long term debt total | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -21.40M | -15.00M | -26.00M | -111.69M | -81.53M |
| Change to liabilities | 1.94M | 1.25M | 2.50M | 11.62M | 5.54M |
| Total cashflows from investing activities | -21.40M | -15.00M | -26.00M | -111.69M | -81.53M |
| Total cash from financing activities | -336.81M | -104.95M | -201.66M | -50.90M | -70.05M |
| Change to operating activities | 18.34M | 3.16M | -6.29M | 7.96M | 7.96M |
| Net income | 446.36M | 269.98M | 176.05M | 318.73M | 209.74M |
| Change in cash | 88.94M | 145.22M | -20.62M | 180.20M | 40.07M |
| Begin period cash flow | 428.24M | 283.02M | 303.64M | 123.45M | 79.58M |
| End period cash flow | 517.18M | 428.24M | 283.02M | 303.64M | 119.65M |
| Total cash from operating activities | 447.15M | 265.16M | 207.04M | 342.79M | 191.65M |
| Depreciation | 15.38M | 16.26M | 14.39M | 8.91M | 2.58M |
| Other cashflows from investing activities | 0.11M | 1.09M | 0.00M | -37.11M | -24.28M |
| Dividends paid | -247.28M | -85.26M | -201.66M | -46.55M | 31.65M |
| Change to inventory | - | -0.87M | - | - | - |
| Change to account receivables | -13.83M | -47.60M | 18.83M | -13.80M | -37.82M |
| Sale purchase of stock | -87.77M | -19.68M | 0.00M | -4.35M | -38.40M |
| Other cashflows from financing activities | -1.76M | -0.08M | -26.00M | -111.69M | -81.53M |
| Change to netincome | 9.70M | 0.25M | -3.51M | 25.92M | 14.79M |
| Capital expenditures | 20.87M | 15.55M | 22.03M | 37.23M | 72.18M |
| Change receivables | - | - | - | -13.80M | -37.82M |
| Cash flows other operating | - | - | - | -8.59M | -3.17M |
| Cash and cash equivalents changes | - | - | - | 180.20M | 40.07M |
| Change in working capital | -24.28M | -21.32M | 20.11M | 11.23M | -35.46M |
| Stock based compensation | 8.43M | 0.03M | -14.39M | - | - |
| Other non cash items | - | 16.26M | 12.98M | -13.09M | -0.00M |
| Free cash flow | 426.27M | 249.62M | 185.00M | 305.56M | 119.47M |
Sector: Energy Industry: Oil & Gas E&P
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TPL Texas Pacific Land Corporation |
- -% |
274.63 | 31.52 | 28.82 | 19.88 | 12.84 | 19.23 | 24.21 |
| COP ConocoPhillips |
1.17 0.87% |
135.64 | 18.08 | 13.59 | 2.63 | 2.51 | 2.84 | 6.47 |
| CNQ Canadian Natural Resources Ltd |
0.18 0.37% |
48.22 | 12.42 | 14.47 | 2.38 | 3.07 | 3.09 | 6.67 |
| EOG EOG Resources Inc |
3.08 2.08% |
151.51 | 9.09 | 8.98 | 3.01 | 2.57 | 2.97 | 5.16 |
| OXY Occidental Petroleum Corporation |
1.14 2.04% |
56.90 | 13.25 | 11.48 | 1.80 | 2.51 | 2.77 | 5.35 |
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 surface 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, and disposal solutions 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.
| Name | Title | Year Born |
|---|---|---|
| Mr. Tyler Glover | Pres, CEO & Trustee | 1985 |
| Mr. Chris Steddum | Chief Financial Officer | 1981 |
| Mr. Micheal W. Dobbs | Sr. VP, Sec. & Gen. Counsel | 1973 |
| Ms. Stephanie D. Buffington | Chief Accounting Officer | 1967 |
| Shawn Amini | VP of Fin. & Investor Relations | NA |
| Mr. Robert A. Crain | Exec. VP of Texas Pacific Water Resources LLC | 1979 |
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