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Last update at 2024-10-07T18:52:00Z
Is Texas Pacific Land Corporation (NYSE:TPL) The Top Goldman Sachs Fund Manager Stock Pick?
Fri 04 Oct 24, 05:21 PMTexas Pacific Land Corporation (TPL): Leveraging Services for Strong Market Performance
Tue 01 Oct 24, 09:22 AMHere’s Why Texas Pacific Land Corporation (TPL) Rose in Q2
Tue 10 Sep 24, 08:01 AMTexas Pacific Land's (NYSE:TPL) five-year earnings growth trails the 34% YoY shareholder returns
Thu 29 Aug 24, 06:59 PMLandBridge Co LLC Emerges as a Key Player in Murray Stahl's Latest Investment Moves
Wed 14 Aug 24, 10:02 PMTexas Pacific Land Second Quarter 2024 Earnings: Misses Expectations
Fri 09 Aug 24, 11:17 AMDecoding Texas Pacific Land Corp (TPL): A Strategic SWOT Insight
Fri 09 Aug 24, 05:04 AMTexas Pacific Land: An Atypical Real Estate Growth Stock
Wed 10 Jul 24, 02:00 PMBreakdown | 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 |
Minority interest | - | - | - | - | - |
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 |
Selling and marketing expenses | - | - | - | - | - |
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 | -6.54800M | 16.88M | 16.81M | 11.59M | 0.00000M |
Tax provision | 122.49M | 93.04M | 43.61M | 83.53M | 52.01M |
Interest income | - | - | - | - | - |
Net interest income | - | - | - | - | - |
Extraordinary items | - | - | - | 0.00000M | 0.00000M |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
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 |
Discontinued operations | - | - | - | - | - |
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 |
Preferred stock and other adjustments | - | - | - | - | - |
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 |
Intangible assets | - | - | - | - | - |
Earning assets | - | - | - | - | - |
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 | 0.00000M | 0.00000M | 0.00000M |
Retained earnings | 866.14M | 668.03M | - | 513.60M | 245.77M |
Other liab | 62.99M | 60.01M | 64.90M | 58.21M | 28.27M |
Good will | - | - | - | - | - |
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 | -508.87900M | -426.79700M | -278.22500M | -300.27800M | -119.64700M |
Short term debt | 0.00000M | 0.00000M | -26.16800M | 0.00000M | 0.00000M |
Short long term debt | - | - | - | - | - |
Short long term debt total | 1.96M | 1.45M | 2.82M | 3.37M | - |
Other stockholder equity | -95.84600M | -15.38900M | 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 |
Short term investments | - | - | - | - | - |
Net receivables | 103.98M | 95.22M | 48.22M | 62.99M | 48.75M |
Long term debt | - | - | - | - | - |
Inventory | 109.70M | 109.07M | 108.54M | 107.08M | 10.49M |
Accounts payable | 23.90M | 18.01M | 14.68M | 19.19M | 10.51M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | 2.52M | -1.00700M | -2.69300M | -1.46100M | -1.07800M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | - | - | - | - |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | - | - | 513.60M | 245.77M |
Treasury stock | - | -15.41700M | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 1.29M | 2.54M | 4.47M | 3.98M | 7.68M |
Deferred long term asset charges | - | - | - | - | - |
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 | 0.00000M | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
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 | -21.40100M | -14.99700M | -25.99800M | -111.69200M | -81.53300M |
Change to liabilities | 1.94M | 1.25M | 2.50M | 11.62M | 5.54M |
Total cashflows from investing activities | -21.40100M | -14.99700M | -25.99800M | -111.69200M | -81.53300M |
Net borrowings | - | - | - | - | - |
Total cash from financing activities | -336.80800M | -104.94800M | -201.66000M | -50.89900M | -70.04900M |
Change to operating activities | 18.34M | 3.16M | -6.29100M | 7.96M | 7.96M |
Net income | 446.36M | 269.98M | 176.05M | 318.73M | 209.74M |
Change in cash | 88.94M | 145.22M | -20.62100M | 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 |
Issuance of capital stock | - | - | - | - | - |
Depreciation | 15.38M | 16.26M | 14.39M | 8.91M | 2.58M |
Other cashflows from investing activities | 0.11M | 1.09M | 0.00000M | -37.10900M | -24.27800M |
Dividends paid | -247.28100M | -85.26400M | -201.66000M | -46.54600M | 31.65M |
Change to inventory | - | -0.86700M | - | - | - |
Change to account receivables | -13.83300M | -47.60300M | 18.83M | -13.80200M | -37.82400M |
Sale purchase of stock | -87.76500M | -19.68400M | 0.00000M | -4.35300M | -38.39700M |
Other cashflows from financing activities | -1.76200M | -0.07800M | -25.99800M | -111.69200M | -81.53300M |
Change to netincome | 9.70M | 0.25M | -3.51400M | 25.92M | 14.79M |
Capital expenditures | 20.87M | 15.55M | 22.03M | 37.23M | 72.18M |
Change receivables | - | - | - | -13.80200M | -37.82400M |
Cash flows other operating | - | - | - | -8.59000M | -3.17200M |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | - | - | - | 180.20M | 40.07M |
Change in working capital | -24.28400M | -21.32200M | 20.11M | 11.23M | -35.45700M |
Stock based compensation | 8.43M | 0.03M | -14.39500M | - | - |
Other non cash items | - | 16.26M | 12.98M | -13.09400M | -0.00200M |
Free cash flow | 426.27M | 249.62M | 185.00M | 305.56M | 119.47M |
Sector: Energy Industry: Oil & Gas E&P
Company | 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 Trust |
3.21 0.33% | 984.58 | 31.52 | 28.82 | 19.88 | 12.84 | 19.23 | 24.21 |
COP ConocoPhillips |
0.21 0.19% | 114.75 | 12.82 | 11.12 | 2.24 | 2.90 | 2.47 | 5.63 |
CNQ Canadian Natural Resources Ltd |
0.76 2.14% | 36.31 | 15.51 | 14.24 | 2.37 | 2.92 | 2.26 | 5.34 |
EOG EOG Resources Inc |
1.34 1.01% | 134.46 | 9.09 | 8.98 | 3.01 | 2.57 | 2.97 | 5.16 |
PEXNY PTT Exploration & Production |
-0.63 3.79% | 16.01 | 25.79 | 24.51 | 5.92 | 3.66 | 0.05 | 0.08 |
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.
1700 Pacific Avenue, Dallas, TX, United States, 75201
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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