Texas Pacific Land Corporation (TPL)

Texas Pacific Land Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	742.87	705.82	631.6	667.42	450.96	302.56
Revenue	742.87	705.82	631.6	667.42	450.96	302.56
Revenue Growth (YoY)	10.70%	11.75%	-5.37%	48.00%	49.05%	-38.31%
Cost of Revenue	40.67	46.12	33.57	17.46	13.23	18.21
Gross Profit	702.21	659.7	598.03	649.96	437.73	284.36
Selling, General & Admin	82.73	82.91	89.32	63.06	58.82	52.52
Other Operating Expenses	7.57	7.3	7.39	8.85	0.14	-
Operating Expenses	133.17	115.37	111.46	87.29	75.22	66.92
Operating Income	569.04	544.33	486.57	562.67	362.51	217.44
Interest & Investment Income	20.7	32.14	28.63	6.21	0.08	-
Other Non Operating Income (Expenses)	1.94	2.35	0.96	-0.02	0.43	2.22
EBT Excluding Unusual Items	591.68	578.82	516.16	568.86	363.02	219.66
Other Unusual Items	-1.9	-	1.4	-	-	-
Pretax Income	589.78	578.82	517.56	568.86	363.02	219.66
Income Tax Expense	128.03	124.86	111.92	122.49	93.04	43.61
Net Income	461.75	453.96	405.65	446.36	269.98	176.05
Net Income to Common	461.75	453.96	405.65	446.36	269.98	176.05
Net Income Growth	3.14%	11.91%	-9.12%	65.33%	53.35%	-44.77%
Shares Outstanding (Basic)	23	23	23	23	23	23
Shares Outstanding (Diluted)	23	23	23	23	23	23
Shares Change (YoY)	-0.05%	-0.17%	-0.52%	-0.33%	-0.05%	-0.00%
EPS (Basic)	20.09	19.75	17.60	19.27	11.61	7.57
EPS (Diluted)	20.06	19.72	17.59	19.26	11.61	7.57
EPS Growth	3.18%	12.11%	-8.67%	65.91%	53.44%	-44.76%
Free Cash Flow	489.41	460.98	403.26	427.94	249.62	201.95
Free Cash Flow Per Share	21.27	20.02	17.49	18.46	10.73	8.68
Dividend Per Share	5.970	5.110	4.330	4.000	3.667	-
Dividend Growth	32.37%	18.01%	8.25%	9.09%	-	-
Gross Margin	94.53%	93.47%	94.69%	97.38%	97.07%	93.98%
Operating Margin	76.60%	77.12%	77.04%	84.30%	80.39%	71.86%
Profit Margin	62.16%	64.32%	64.22%	66.88%	59.87%	58.19%
Free Cash Flow Margin	65.88%	65.31%	63.85%	64.12%	55.35%	66.75%
EBITDA	611.91	569.49	501.32	578.05	378.76	231.83
EBITDA Margin	82.37%	80.69%	79.37%	86.61%	83.99%	76.62%
D&A For EBITDA	42.87	25.16	14.76	15.38	16.26	14.4
EBIT	569.04	544.33	486.57	562.67	362.51	217.44
EBIT Margin	76.60%	77.12%	77.04%	84.30%	80.39%	71.86%
Effective Tax Rate	21.71%	21.57%	21.62%	21.53%	25.63%	19.86%
Revenue as Reported	742.87	705.82	631.6	667.42	450.96	302.56

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q