Texas Pacific Land Corporation (TPL)

Texas Pacific Land Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	631.6	667.42	450.96	302.56	490.5
Revenue Growth (YoY)	-5.37%	48.00%	49.05%	-38.31%	63.38%
Cost of Revenue	84.34	67.72	53.39	46.41	55.85
Gross Profit	547.26	599.7	397.57	256.16	434.65
Selling, General & Admin	46.45	22.02	18.92	20.53	25.94
Other Operating Expenses	14.76	15.38	16.26	18.37	9.13
Operating Expenses	61.21	37.4	35.18	38.9	35.07
Operating Income	486.05	562.31	362.39	217.26	399.57
Other Expense / Income	-31.51	-6.55	-0.62	-2.4	-2.68
Pretax Income	517.56	568.86	363.02	219.66	402.26
Income Tax	111.92	122.49	93.04	43.61	83.53
Net Income	405.65	446.36	269.98	176.05	318.73
Net Income Growth	-9.12%	65.33%	53.36%	-44.77%	51.97%
Shares Outstanding (Basic)	23	23	23	23	23
Shares Outstanding (Diluted)	23	23	23	23	23
Shares Change	-0.52%	-0.33%	-0.05%	-0.00%	-0.40%
EPS (Basic)	17.60	19.27	11.61	7.57	13.70
EPS (Diluted)	17.59	19.26	11.61	7.57	13.70
EPS Growth	-8.66%	65.87%	53.43%	-44.75%	52.58%
Free Cash Flow	361.54	427.41	250.17	197.99	236.12
Free Cash Flow Per Share	15.69	18.45	10.76	8.51	10.15
Dividend Per Share	4.333	10.667	3.667	8.667	2.000
Dividend Growth	-59.38%	190.89%	-57.69%	333.35%	48.15%
Gross Margin	86.65%	89.85%	88.16%	84.66%	88.61%
Operating Margin	76.96%	84.25%	80.36%	71.81%	81.46%
Profit Margin	64.23%	66.88%	59.87%	58.19%	64.98%
Free Cash Flow Margin	57.24%	64.04%	55.47%	65.44%	48.14%
Effective Tax Rate	21.62%	21.53%	25.63%	19.85%	20.76%
EBITDA	532.32	584.23	379.27	234.06	411.16
EBITDA Margin	84.28%	87.54%	84.10%	77.36%	83.83%
Depreciation & Amortization	14.76	15.38	16.26	14.4	8.91
EBIT	517.56	568.86	363.02	219.66	402.26
EBIT Margin	81.95%	85.23%	80.50%	72.60%	82.01%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).