Company Quick10K Filing
Texas Pacific Land Trust
10-K 2019-12-31 Filed 2020-02-27
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-03-31 Filed 2019-05-07
10-K 2018-12-31 Filed 2019-02-28
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-07
10-Q 2018-03-31 Filed 2018-05-07
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-09-30 Filed 2017-11-07
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-04
10-K 2016-12-31 Filed 2017-02-28
10-Q 2016-09-30 Filed 2016-11-03
10-Q 2016-06-30 Filed 2016-08-04
10-Q 2016-03-31 Filed 2016-05-05
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-06
10-K 2014-12-31 Filed 2015-02-27
10-Q 2014-09-30 Filed 2014-11-06
10-Q 2014-06-30 Filed 2014-08-06
10-Q 2014-03-31 Filed 2014-05-07
10-K 2013-12-31 Filed 2014-02-28
10-Q 2013-09-30 Filed 2013-11-06
10-Q 2013-06-30 Filed 2013-08-06
10-Q 2013-03-31 Filed 2013-05-07
10-K 2012-12-31 Filed 2013-03-11
10-Q 2012-09-30 Filed 2012-11-06
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-07
10-K 2011-12-31 Filed 2012-03-12
10-Q 2011-09-30 Filed 2011-11-07
10-Q 2011-06-30 Filed 2011-08-05
10-Q 2011-03-31 Filed 2011-05-05
10-K 2010-12-31 Filed 2011-03-11
10-Q 2010-09-30 Filed 2010-11-04
10-Q 2010-06-30 Filed 2010-08-04
10-Q 2010-03-31 Filed 2010-05-05
10-K 2009-12-31 Filed 2010-03-12
8-K 2020-03-23 Regulation FD, Exhibits
8-K 2020-03-06 Enter Agreement, Exhibits
8-K 2020-03-02 Regulation FD, Exhibits
8-K 2020-02-24 Other Events, Exhibits
8-K 2020-02-20 Enter Agreement, Exhibits
8-K 2020-01-30 Earnings
8-K 2020-01-22 Regulation FD, Exhibits
8-K 2019-12-04 Other Events, Exhibits
8-K 2019-11-14 Regulation FD, Exhibits
8-K 2019-10-31 Earnings
8-K 2019-09-30 Other Events, Exhibits
8-K 2019-08-08 Officers, Exhibits
8-K 2019-07-31 Earnings
8-K 2019-07-30 Enter Agreement, Other Events, Exhibits
8-K 2019-06-27 Other Events, Exhibits
8-K 2019-06-23 Other Events, Exhibits
8-K 2019-06-14 Other Events, Exhibits
8-K 2019-05-22 Other Events, Exhibits
8-K 2019-05-22 Other Events, Exhibits
8-K 2019-05-21 Other Events, Exhibits
8-K 2019-05-20 Other Events, Exhibits
8-K 2019-05-17 Other Events, Exhibits
8-K 2019-05-16 Other Events, Exhibits
8-K 2019-05-13 Other Events, Exhibits
8-K 2019-05-07 Other Events, Exhibits
8-K 2019-05-06 Other Events, Exhibits
8-K 2019-05-03 Other Events, Exhibits
8-K 2019-04-30 Other Events, Exhibits
8-K 2019-04-30 Other Events, Exhibits
8-K 2019-04-25 Earnings
8-K 2019-04-22 Other Events, Exhibits
8-K 2019-04-15 Other Events, Exhibits
8-K 2019-04-15 Other Events, Exhibits
8-K 2019-04-15 Other Events, Exhibits
8-K 2019-04-08 Other Events, Exhibits
8-K 2019-04-08 Other Events, Exhibits
8-K 2019-03-25 Other Events, Exhibits
8-K 2019-03-04 Other Events
8-K 2019-02-25 Officers, Exhibits
8-K 2019-01-31 Earnings
8-K 2019-01-07 M&A
8-K 2018-11-21 Enter Agreement
8-K 2018-10-31 Earnings
8-K 2018-07-31 Earnings
8-K 2018-04-30 Earnings
8-K 2018-01-31 Earnings

Texas Pacific Land Trust Financials

TPL Metrics, Comps, Filings

Quarterly | Annual

Business

Texas Pacific Land Trust (which, together with its subsidiaries as the context requires, may be referred to as "Texas Pacific", the "Trust", "our", "we" or "us") is one of the largest landowners in the State of Texas with approximately 900,000 acres of land in West Texas. Texas Pacific was organized under a Declaration of Trust, dated February 1, 1888, to receive and hold title to extensive tracts of land in the State of Texas, previously the property of the Texas and Pacific Railway Company, and to issue transferable Certificates of Proprietary Interest pro rata to the holders of certain debt securities of the Texas and Pacific Railway Company. Our Trustees are empowered under the Declaration of Trust to manage the lands with all the powers of an absolute owner.

Our Land and Resource Management segment encompasses the business of managing the approximately 900,000 acres of land and related resources in West Texas owned by the Trust. The revenue streams of this segment principally consist of royalties from oil and gas, revenues from easements and leases and land sales.

We are not an oil and gas producer. Rather, our oil and gas revenue is derived from our oil and gas royalty interests. Thus, in addition to being subject to fluctuations in response to the market prices for oil and gas, our oil and gas royalty revenues are also subject to decisions made by the owners and operators of the oil and gas wells to which our royalty interests relate as to investments in and production from those wells.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarterly)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Cabot Oil & Gas (COG) 7,230 0% 8.4 12% 4,443 2,229 1,605 0 534 992 8,368
Encana (ECA) 6,098 0% 4.2 6% 21,356 11,435 7,879 0 1,270 3,301 13,785
Texas Pacific Land Trust (TPL) 5,165 0% 12.9 60% 522 79 470 0 312 381 4,915
Newfield Exploration (NFX) 5,879 0% 6.5 9% 5,676 3,805 711 0 524 1,232 8,004
Cimarex Energy (XEC) 5,162 0% 26.8 2% 7,619 3,648 1,706 0 176 266 7,138
Helmerich & Payne (HP) 4,431 0% 8.4 -1% 5,840 1,827 2,798 0 -34 540 4,535
Parsley Energy (PE) 4,775 0% 6.8 3% 9,996 3,433 1,891 0 316 1,034 6,985
Southwest Gas (SWX) 4,988 49% 12.3 3% 7,840 5,417 2,272 1,118 264 605 7,459
WPX Energy (WPX) 4,416 0% 4.1 8% 8,620 3,977 2,871 0 732 1,641 6,701
Murphy Oil (MUR) 3,690 0% 2.2 12% 11,784 5,758 2,792 0 1,402 2,742 6,034
Transocean (RIG) 2,777 24% -46.1 -6% 24,449 12,507 3,044 731 -1,444 -213 9,816
EQT (EQT) 2,851 46% 10.7 -3% 20,160 9,263 4,779 2,219 -681 619 6,643
Chesapeake Energy (CHK) 2,394 0% 5.4 0% 16,579 11,844 6,669 0 16 2,195 11,904
Kosmos Energy (KOS) 2,589 0% 6.9 4% 4,468 3,577 1,050 0 166 655 4,524
Patterson Uti Energy (PTEN) 1,876 0% -4.8 -12% 4,609 1,666 2,774 0 -541 -560 2,687
PDC Energy (PDCE) 2,044 0% 4.6 3% 4,584 2,224 1,873 0 143 722 3,307
Matador Resources (MTDR) 2,025 0% 4.7 2% 3,937 2,024 737 0 89 418 1,984
Centennial Resource Development (CDEV) 1,267 0% 43.6 0% 4,646 1,392 688 0 7 52 2,253
Tellurian (TELL) 1,904 70% -14.2 -37% 394 191 22 15 -146 -131 1,871
Magnolia Oil & Gas (MGY) 1,882 0% 4.4 2% 3,533 749 706 0 71 477 2,117

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash8101315121181091613182426275039464547464549535069807186111120175191250
Accounts Receivable
Inventory
PP&E000000000000000000000113592032526068779095
Assets-24-2527-25252122212428313333555250535455627177116127135177220285405464522
Accounts Payable
Long-Term Debt
Liabilities767966675748556157759812152829484824242540718079
Stockholders' Equity181921202020161616171820262827403845464445434843496879111153195245334383443
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue991110977710151312161513351218151216141824274238607473931918799
Cost of Revenue
Gross Profit
R&D
SG&A10-1110-1110-1100-1111-1123-4111223
Tax3333332235435541246445457191318112212361315
Net Income557654446987109822711971091115172618445351631405060
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating67924555141010932-2137117121124114347421625864
Cash Investing00-0-00-00-0-0-0-00-0-0-0-0-0-1-2-2-13-22-8-60-42-5
Cash Financing-4-5-7-5-4-8-4-6-8-5-4-7-9-9-9-5-8-9-12-19-11-7-7-38-10-8-5100