TPL Q1 2024 Earnings — Texas Pacific Land Corporation Revenue & Financial Results | Market Cap Arena

TPLTexas Pacific Land Corporation

$36B

Q1 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$174M+19.0% YoY

Gross Profit

$160M91.8% margin

Operating Income

$136M78.1% margin

Net Income

$114M65.7% margin

EPS (Diluted)

$1.66

QoQ Revenue Growth

+4.5%

Cash Flow

Operating Cash Flow

$147M

Free Cash Flow

$145M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$137M

Stockholders' Equity

$1.1B

Cash & Equivalents

$837M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$174M	$146M	+19.0%
Gross Profit	$160M	$137M	+16.4%
Operating Income	$136M	$105M	+29.6%
Net Income	$114M	$87M	+32.2%

Revenue Segments

Oil And Gas Royalties

$92M53%

Water Sales And Royalties

$37M21%

Produced Water Royalties

$23M13%

Easement and Sundry

$21M12%

Land Sales

$1M1%