TPL Q2 2024 Earnings — Texas Pacific Land Corporation Revenue & Financial Results | Market Cap Arena

TPLTexas Pacific Land Corporation

$36B

Q2 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$172M+7.3% YoY

Gross Profit

$153M89.0% margin

Operating Income

$133M77.3% margin

Net Income

$115M66.5% margin

EPS (Diluted)

$1.66

QoQ Revenue Growth

-1.0%

Cash Flow

Operating Cash Flow

$98M

Free Cash Flow

$92M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$109M

Stockholders' Equity

$1.2B

Cash & Equivalents

$895M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$172M	$161M	+7.3%
Gross Profit	$153M	$146M	+4.8%
Operating Income	$133M	$120M	+10.8%
Net Income	$115M	$100M	+14.1%

Revenue Segments

Oil And Gas Royalties

$90M52%

Water Sales And Royalties

$41M24%

Produced Water Royalties

$25M15%

Easement and Sundry

$17M10%