Texas Pacific Land (TPL) Income Statement: Revenue & Earnings

Texas Pacific Land Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Texas Pacific Land Corporation income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	705.82	631.60	667.42	450.96	302.56
Cost of Revenue	71.29	33.57	17.46	29.49	18.21
Gross Profit	634.54	598.03	649.96	421.47	284.36
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	88.10	89.32	63.06	58.93	52.52
Operating Expenses	95.40	111.46	87.29	59.08	66.92
Operating Income	539.14	486.57	562.67	362.39	217.44
Other Income/Expense
Interest Income	32.14	28.63	6.21	0.08	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	7.54	0.96	-0.02	0.62	2.22
Income
Income Before Tax	578.82	517.56	568.86	363.02	219.66
Income Tax Expense	124.86	111.92	122.49	93.04	43.61
Net Income	453.96	405.65	446.36	269.98	176.05
Net Income - Continuous Operations	453.96	405.65	446.36	269.98	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	564.30	501.32	578.05	378.65	231.83
EBIT	539.14	486.57	562.67	362.39	217.44
Depreciation & Amortization	25.16	14.76	15.38	16.26	14.40
Earnings Per Share
Basic EPS	7.00	6.00	6.00	4.00	3.00
Diluted EPS	7.00	6.00	6.00	4.00	3.00
Basic Shares Outstanding	68.96	69.13	69.50	69.77	69.81
Diluted Shares Outstanding	69.06	69.18	69.54	69.77	69.81