TPL Q2 2023 Earnings — Texas Pacific Land Corporation Revenue & Financial Results | Market Cap Arena

TPLTexas Pacific Land Corporation

$36B

Q2 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$161M-8.9% YoY

Gross Profit

$146M91.2% margin

Operating Income

$120M74.9% margin

Net Income

$100M62.5% margin

EPS (Diluted)

$1.45

QoQ Revenue Growth

+9.7%

Cash Flow

Operating Cash Flow

$84M

Free Cash Flow

$81M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$114M

Stockholders' Equity

$888M

Cash & Equivalents

$609M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$161M	$176M	-8.9%
Gross Profit	$146M	$168M	-12.9%
Operating Income	$120M	$152M	-20.7%
Net Income	$100M	$119M	-15.6%

Revenue Segments

Oil And Gas Royalties

$82M51%

Water Sales And Royalties

$38M23%

Produced Water Royalties

$21M13%

Easement and Sundry

$19M12%

Land Sales and Other Revenue

$1M1%