Texas Pacific Land Corp
NYSE:TPL
Income Statement
Earnings Waterfall
Texas Pacific Land Corp
Revenue
|
631.6m
USD
|
Cost of Revenue
|
-33.6m
USD
|
Gross Profit
|
598m
USD
|
Operating Expenses
|
-112m
USD
|
Operating Income
|
486.1m
USD
|
Other Expenses
|
-80.4m
USD
|
Net Income
|
405.6m
USD
|
Income Statement
Texas Pacific Land Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
44
N/A
|
49
+11%
|
55
+11%
|
55
0%
|
55
+1%
|
78
+42%
|
75
-5%
|
78
+5%
|
79
+2%
|
57
-29%
|
61
+8%
|
57
-6%
|
66
+16%
|
79
+19%
|
95
+21%
|
132
+40%
|
155
+17%
|
184
+19%
|
226
+23%
|
247
+9%
|
300
+22%
|
432
+44%
|
445
+3%
|
470
+6%
|
491
+4%
|
396
-19%
|
366
-8%
|
342
-7%
|
303
-11%
|
290
-4%
|
329
+13%
|
378
+15%
|
451
+19%
|
514
+14%
|
594
+16%
|
662
+11%
|
667
+1%
|
666
0%
|
651
-2%
|
618
-5%
|
632
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(4)
|
(8)
|
(11)
|
(15)
|
(18)
|
(19)
|
(21)
|
(23)
|
(20)
|
(17)
|
(14)
|
(11)
|
(12)
|
(14)
|
(13)
|
(13)
|
(13)
|
(16)
|
(17)
|
(20)
|
(27)
|
(29)
|
(34)
|
|
Gross Profit |
13
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
79
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
66
N/A
|
30
-54%
|
63
+106%
|
115
+83%
|
154
+35%
|
183
+18%
|
222
+21%
|
239
+8%
|
289
+21%
|
417
+44%
|
427
+2%
|
451
+6%
|
470
+4%
|
373
-21%
|
346
-7%
|
325
-6%
|
288
-11%
|
279
-3%
|
317
+13%
|
365
+15%
|
438
+20%
|
501
+15%
|
581
+16%
|
646
+11%
|
650
+1%
|
646
-1%
|
624
-3%
|
589
-6%
|
598
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(3)
|
(5)
|
(6)
|
(7)
|
(9)
|
(12)
|
(16)
|
(20)
|
(28)
|
(36)
|
(49)
|
(62)
|
(70)
|
(78)
|
(79)
|
(75)
|
(71)
|
(71)
|
(71)
|
(73)
|
(75)
|
(77)
|
(76)
|
(82)
|
(88)
|
(103)
|
(113)
|
(112)
|
(112)
|
|
Selling, General & Administrative |
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(3)
|
(5)
|
(6)
|
(7)
|
(9)
|
(11)
|
(15)
|
(18)
|
(26)
|
(32)
|
(45)
|
(56)
|
(61)
|
(67)
|
(63)
|
(58)
|
(53)
|
(52)
|
(55)
|
(56)
|
(59)
|
(60)
|
(59)
|
(65)
|
(72)
|
(88)
|
(98)
|
(98)
|
(97)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(9)
|
(11)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(17)
|
(15)
|
(15)
|
(14)
|
(14)
|
(15)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(4)
|
(4)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
|
Operating Income |
40
N/A
|
45
+12%
|
51
+13%
|
50
0%
|
51
+2%
|
75
+45%
|
71
-5%
|
74
+5%
|
75
+2%
|
52
-31%
|
56
+8%
|
52
-7%
|
63
+20%
|
73
+16%
|
89
+21%
|
125
+41%
|
145
+16%
|
171
+18%
|
206
+21%
|
219
+7%
|
261
+19%
|
382
+46%
|
379
-1%
|
389
+3%
|
400
+3%
|
295
-26%
|
267
-9%
|
250
-6%
|
217
-13%
|
209
-4%
|
245
+18%
|
292
+19%
|
362
+24%
|
425
+17%
|
505
+19%
|
564
+12%
|
562
0%
|
543
-3%
|
512
-6%
|
476
-7%
|
486
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
2
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
2
|
7
|
12
|
18
|
24
|
32
|
|
Pre-Tax Income |
40
N/A
|
45
+12%
|
51
+13%
|
50
0%
|
51
+2%
|
75
+45%
|
71
-5%
|
74
+5%
|
75
+2%
|
52
-31%
|
56
+8%
|
52
-7%
|
63
+20%
|
73
+16%
|
89
+21%
|
125
+41%
|
145
+16%
|
171
+18%
|
206
+21%
|
220
+7%
|
262
+19%
|
383
+46%
|
380
-1%
|
392
+3%
|
402
+3%
|
298
-26%
|
270
-9%
|
253
-6%
|
220
-13%
|
210
-4%
|
247
+17%
|
293
+19%
|
363
+24%
|
425
+17%
|
506
+19%
|
566
+12%
|
569
+0%
|
555
-2%
|
530
-5%
|
501
-5%
|
518
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(13)
|
(15)
|
(17)
|
(16)
|
(17)
|
(25)
|
(24)
|
(25)
|
(25)
|
(17)
|
(19)
|
(17)
|
(21)
|
(24)
|
(29)
|
(41)
|
(48)
|
(49)
|
(52)
|
(48)
|
(52)
|
(77)
|
(77)
|
(79)
|
(84)
|
(62)
|
(56)
|
(53)
|
(44)
|
(42)
|
(49)
|
(57)
|
(93)
|
(108)
|
(126)
|
(141)
|
(122)
|
(120)
|
(113)
|
(108)
|
(112)
|
|
Income from Continuing Operations |
27
|
30
|
34
|
34
|
35
|
50
|
47
|
49
|
50
|
35
|
38
|
35
|
42
|
49
|
60
|
84
|
97
|
122
|
154
|
172
|
210
|
306
|
303
|
312
|
319
|
236
|
214
|
200
|
176
|
169
|
198
|
236
|
270
|
318
|
380
|
426
|
446
|
435
|
417
|
392
|
406
|
|
Net Income (Common) |
27
N/A
|
30
+11%
|
34
+13%
|
34
N/A
|
35
+2%
|
50
+43%
|
47
-5%
|
49
+4%
|
50
+1%
|
35
-30%
|
38
+8%
|
35
-7%
|
42
+20%
|
49
+16%
|
60
+21%
|
84
+41%
|
97
+16%
|
122
+25%
|
154
+26%
|
172
+12%
|
210
+22%
|
306
+46%
|
303
-1%
|
312
+3%
|
319
+2%
|
236
-26%
|
214
-9%
|
200
-6%
|
176
-12%
|
169
-4%
|
198
+17%
|
236
+19%
|
270
+15%
|
318
+18%
|
380
+19%
|
426
+12%
|
446
+5%
|
435
-3%
|
417
-4%
|
392
-6%
|
406
+3%
|
|
EPS (Diluted) |
3.22
N/A
|
3.56
+11%
|
4.04
+13%
|
4.03
0%
|
4.14
+3%
|
5.98
+44%
|
5.75
-4%
|
6.01
+5%
|
6.1
+1%
|
4.34
-29%
|
4.73
+9%
|
4.41
-7%
|
5.29
+20%
|
6.22
+18%
|
7.53
+21%
|
10.59
+41%
|
12.3
+16%
|
15.61
+27%
|
19.73
+26%
|
22.01
+12%
|
26.88
+22%
|
39.23
+46%
|
38.85
-1%
|
40.03
+3%
|
40.85
+2%
|
30.26
-26%
|
27.44
-9%
|
25.69
-6%
|
22.56
-12%
|
21.64
-4%
|
25.55
+18%
|
30.41
+19%
|
11.61
-62%
|
41.04
+253%
|
49.07
+20%
|
55.13
+12%
|
19.26
-65%
|
56.5
+193%
|
18.05
-68%
|
17.02
-6%
|
17.59
+3%
|