TPL Q3 2023 Earnings — Texas Pacific Land Corporation Revenue & Financial Results | Market Cap Arena

TPLTexas Pacific Land Corporation

$36B

Q3 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$158M-17.3% YoY

Gross Profit

$146M92.3% margin

Operating Income

$127M80.4% margin

Net Income

$106M66.8% margin

EPS (Diluted)

$1.53

QoQ Revenue Growth

-1.6%

Cash Flow

Operating Cash Flow

$108M

Free Cash Flow

$103M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$115M

Stockholders' Equity

$965M

Cash & Equivalents

$654M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$158M	$191M	-17.3%
Gross Profit	$146M	$181M	-19.4%
Operating Income	$127M	$162M	-21.7%
Net Income	$106M	$130M	-18.7%

Revenue Segments

Oil And Gas Royalties

$87M55%

Water Sales And Royalties

$26M17%

Produced Water Royalties

$21M13%

Easement and Sundry

$18M12%

Land Sales and Other Revenue

$5M3%