Texas Pacific Land Corp (N:TPL)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEC
Company Contact
Address: 1700 Pacific Avenue, Suite 2900
DALLAS TX 75201
Tel: N/A
Website: https://www.texaspacific.com
IR: See website
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Key People
Tyler Glover
President, Chief Executive Officer, Director
Chris Steddum
Chief Financial Officer
Micheal W. Dobbs
Senior Vice President, General Counsel, Secretary
Business Overview
Texas Pacific Land Corporation is a landowner in the state of Texas with approximately 868,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. Its segments include Land and Resource Management and Water Services and Operations. Its Land and Resource Management segment encompasses the business of managing its approximately 868,000 surface acres of land and its oil and gas royalty interests in West Texas, principally concentrated in the Permian Basin. This segment consists primarily of royalties from oil and gas, revenues from easements, commercial leases and renewables, and land and material sales. Its Water Services and Operations segment encompasses the business of providing full-service water offerings to operators in the Permian Basin through Texas Pacific Water Resources LLC (TPWR). These full-service water offerings include, but are not limited to, water sourcing, produced-water treatment, infrastructure development, and others.
Financial Overview
For the fiscal year ended 31 December 2023, Texas Pacific Land Corp revenues decreased 5% to $631.6M. Net income decreased 9% to $405.6M. Revenues reflect Land and resource management segment decrease of 15% to $432.1M. Net income also reflects Legal and professional fees increase from $8.7M to $31.5M (expense). Dividend per share increased from $3.00 to $12.25.
Employees: 100 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $12,533M as of Dec 31, 2023
Annual revenue (TTM): $631.60M as of Dec 31, 2023
EBITDA (TTM): $500.81M as of Dec 31, 2023
Net annual income (TTM): $405.65M as of Dec 31, 2023
Free cash flow (TTM): $258.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 7,668,422 as of Feb 14, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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