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 |
| 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 three months ended 31 March 2024, Texas Pacific Land Corp revenues increased 19% to $174.1M. Net income increased 32% to $114.4M. Revenues reflect Water service and operations segment increase of 48% to $62.7M, Crude Oil - Production - Total increase of 25% to 990K barrels, Oil Equivalent Production (Units/day) - increase of 19% to 25K barrels per day. |
| Employees: | 100 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $13,143M as of Mar 31, 2024 |
| Annual revenue (TTM): | $659.38M as of Mar 31, 2024 |
| EBITDA (TTM): | $532.40M as of Mar 31, 2024 |
| Net annual income (TTM): | $433.49M as of Mar 31, 2024 |
| Free cash flow (TTM): | $288.13M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 22,989,755 as of Apr 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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