$TPL
Texas Pacific Land Corp

2022 Q4 Form 10-Q Financial Statement

#000181107422000071 Filed on November 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $152.7M $191.1M
YoY Change 3.76% 54.5%
Cost Of Revenue $4.418M $6.348M
YoY Change 61.59% 73.92%
Gross Profit $148.3M $184.8M
YoY Change 2.66% 53.91%
Gross Profit Margin 97.11% 96.68%
Selling, General & Admin $20.85M $18.79M
YoY Change 50.12% 45.25%
% of Gross Profit 14.06% 10.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.153M $3.917M
YoY Change -32.84% 1.32%
% of Gross Profit 2.13% 2.12%
Operating Expenses $24.06M $22.71M
YoY Change 29.46% 35.14%
Operating Profit $124.2M $162.1M
YoY Change -1.3% 56.97%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $3.922M $1.920M
YoY Change -1407.33% 274.27%
Pretax Income $128.2M $164.0M
YoY Change 2.06% 58.04%
Income Tax $28.42M $34.14M
% Of Pretax Income 22.18% 20.82%
Net Earnings $99.73M $129.8M
YoY Change 26.17% 54.87%
Net Earnings / Revenue 65.31% 67.94%
Basic Earnings Per Share $16.83
Diluted Earnings Per Share $12.94 $16.82
COMMON SHARES
Basic Shares Outstanding 7.704M shares 7.722M shares
Diluted Shares Outstanding 7.720M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $510.8M $446.6M
YoY Change 19.29% 19.81%
Cash & Equivalents $510.8M $446.6M
Short-Term Investments
Other Short-Term Assets $12.24M $2.943M
YoY Change 300.65% 20.12%
Inventory
Prepaid Expenses
Receivables $104.0M $139.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $633.4M $589.2M
YoY Change 20.3% 28.61%
LONG-TERM ASSETS
Property, Plant & Equipment $85.48M $81.56M
YoY Change 7.22% 2.97%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.348M
YoY Change
Total Long-Term Assets $244.0M $239.8M
YoY Change 2.73% 0.96%
TOTAL ASSETS
Total Short-Term Assets $633.4M $589.2M
Total Long-Term Assets $244.0M $239.8M
Total Assets $877.4M $829.0M
YoY Change 14.84% 19.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.90M $30.73M
YoY Change 32.7% 70.51%
Accrued Expenses $2.086M $4.663M
YoY Change 1.46% -30.09%
Deferred Revenue $4.488M $4.611M
YoY Change 17.83% 16.29%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $39.60M $43.60M
YoY Change -22.21% 49.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.71M $21.43M
YoY Change 6.16% 3.51%
Total Long-Term Liabilities $21.71M $21.43M
YoY Change 6.16% 3.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.60M $43.60M
Total Long-Term Liabilities $21.71M $21.43M
Total Liabilities $104.5M $107.8M
YoY Change -6.95% 13.99%
SHAREHOLDERS EQUITY
Retained Earnings $866.1M $789.5M
YoY Change 29.66% 28.43%
Common Stock $78.00K $78.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $104.1M $72.93M
YoY Change 575.48% 551.53%
Treasury Stock Shares
Shareholders Equity $772.9M $721.2M
YoY Change
Total Liabilities & Shareholders Equity $877.4M $829.0M
YoY Change 14.84% 19.17%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $99.73M $129.8M
YoY Change 26.17% 54.87%
Depreciation, Depletion And Amortization $3.153M $3.917M
YoY Change -32.84% 1.32%
Cash From Operating Activities $132.5M $119.2M
YoY Change 46.17% 52.83%
INVESTING ACTIVITIES
Capital Expenditures $6.810M $1.808M
YoY Change -235.79% -72.55%
Acquisitions
YoY Change
Other Investing Activities $0.00 $10.00K
YoY Change -100.0% -99.07%
Cash From Investing Activities -$6.810M -$6.328M
YoY Change 35.98% 14.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -55.10M -56.12M
YoY Change 82.68% 89.43%
NET CHANGE
Cash From Operating Activities 132.5M 119.2M
Cash From Investing Activities -6.810M -6.328M
Cash From Financing Activities -55.10M -56.12M
Net Change In Cash 70.59M 56.79M
YoY Change 27.24% 32.45%
FREE CASH FLOW
Cash From Operating Activities $132.5M $119.2M
Capital Expenditures $6.810M $1.808M
Free Cash Flow $125.7M $117.4M
YoY Change 31.39% 64.39%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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dei Amendment Flag
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dei Document Type
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dei Document Quarterly Report
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dei Document Period End Date
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2022-09-30
dei Document Transition Report
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dei Entity File Number
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dei Entity Registrant Name
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Texas Pacific Land Corporation
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dei Entity Address City Or Town
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dei Entity Address State Or Province
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dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
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dei City Area Code
CityAreaCode
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dei Local Phone Number
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dei Security12b Title
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dei Trading Symbol
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tpl Payments To Acquire Equipment And Other Acquisition Of Real Estate
PaymentsToAcquireEquipmentAndOtherAcquisitionOfRealEstate
13023000 usd
tpl Payments To Acquire Equipment And Other Acquisition Of Real Estate
PaymentsToAcquireEquipmentAndOtherAcquisitionOfRealEstate
11058000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14591000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9989000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
57578000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10816000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
224130000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
63970000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-281708000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-74786000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18346000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
89737000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
428242000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
283024000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
446588000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
372761000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
115609000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
44113000 usd
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
4174000 usd
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 usd
tpl Decrease Increase In Accounts Payable Related To Capital Expenditures
DecreaseIncreaseInAccountsPayableRelatedToCapitalExpenditures
-868000 usd
tpl Decrease Increase In Accounts Payable Related To Capital Expenditures
DecreaseIncreaseInAccountsPayableRelatedToCapitalExpenditures
441000 usd
tpl Stock Repurchase Program Share Repurchases Not Yet Settled
StockRepurchaseProgramShareRepurchasesNotYetSettled
1090000 usd
tpl Stock Repurchase Program Share Repurchases Not Yet Settled
StockRepurchaseProgramShareRepurchasesNotYetSettled
377000 usd
us-gaap Stock Issued1
StockIssued1
0 usd
us-gaap Stock Issued1
StockIssued1
78000 usd
tpl Noncash Or Part Noncash Acquisition Operating Lease Right Of Use Assets
NoncashOrPartNoncashAcquisitionOperatingLeaseRightOfUseAssets
1364000 usd
tpl Noncash Or Part Noncash Acquisition Operating Lease Right Of Use Assets
NoncashOrPartNoncashAcquisitionOperatingLeaseRightOfUseAssets
0 usd
us-gaap Nature Of Operations
NatureOfOperations
Organization and Description of Business Segments<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Organization </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Texas Pacific Land Corporation (which, together with its subsidiaries as the context requires, may be referred to as “TPL”, the “Company”, “our”, “we” or “us”) is a Delaware corporation and one of the largest landowners in the State of Texas with approximately 880,000 surface acres of land in West Texas, with the majority of our ownership concentrated in the Permian Basin. Additionally, we own a 1/128th nonparticipating perpetual oil and gas royalty interest (“NPRI”) under approximately 85,000 acres of land, a 1/16th NPRI under approximately 371,000 acres of land, and approximately 4,000 additional net royalty acres (normalized to 1/8th) in the western part of Texas.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TPL’s income is derived primarily from oil, gas and produced water royalties, sales of water and land, easements and commercial leases of the land.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 11, 2021, we completed our reorganization from a business trust, organized under a Declaration of Trust dated February 1, 1888 (the “Declaration of Trust”), to a corporation (the “Corporate Reorganization”) and changed our name from Texas Pacific Land Trust (the “Trust”) to Texas Pacific Land Corporation. See further discussion of the Corporate Reorganization and its impact on our equity structure in Note 10, “Changes in Equity.” Any references in these condensed consolidated financial statements and notes to the Company, TPL, our, we, or us with respect to periods prior to January 11, 2021 are in reference to the Trust, and references to periods on or after that date are in reference to Texas Pacific Land Corporation or TPL Corporation.</span></div><div style="padding-left:27pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Basis of Presentation </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and on the same basis as the audited financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021. The condensed consolidated financial statements herein include all adjustments which are, in the opinion of management, necessary to fairly state the financial position of the Company as of September 30, 2022 and the results of its operations for the three and nine months ended September 30, 2022 and 2021, respectively, and its cash flows for the nine months ended September 30, 2022 and 2021, respectively. Such adjustments are of a normal nature and all intercompany accounts and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted from this report, and accordingly these interim financial statements and footnotes should be read in conjunction with the audited financial statements and footnotes included in our Annual Report on Form 10-K for the year ended December 31, 2021. The results for the interim periods shown in this report are not necessarily indicative of future financial results. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We operate our business in two segments: Land and Resource Management and Water Services and Operations. Our segments provide management with a comprehensive financial view of our key businesses. The segments enable the alignment of strategies and objectives of TPL and provide a framework for timely and rational allocation of resources within businesses. See Note 11, “Business Segment Reporting” for further information regarding our segments.</span></div>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q4 tpl Surface Rights In Acres
SurfaceRightsInAcres
823452 acre
CY2021Q4 tpl Land Surface Rights Carrying Value
LandSurfaceRightsCarryingValue
0 usd
CY2022Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
57146 acre
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates in the Preparation of Financial Statements</span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. In the event estimates and/or assumptions prove to be different from actual amounts, adjustments are made in subsequent periods to reflect more current information.</span></div>
CY2022Q3 tpl Total Real Estateand Land Surface Rights Acres
TotalRealEstateandLandSurfaceRightsAcres
880469 acre
CY2022Q3 tpl Surface Rights In Acres
SurfaceRightsInAcres
823323 acre
CY2022Q3 tpl Land Surface Rights Carrying Value
LandSurfaceRightsCarryingValue
0 usd
CY2022Q3 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
109083000 usd
CY2021Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
57129 acre
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
109071000 usd
CY2022Q3 tpl Total Real Estate Including Land Surface Rights
TotalRealEstateIncludingLandSurfaceRights
109083000 usd
CY2021Q4 tpl Total Real Estateand Land Surface Rights Acres
TotalRealEstateandLandSurfaceRightsAcres
880581 acre
CY2021Q4 tpl Total Real Estate Including Land Surface Rights
TotalRealEstateIncludingLandSurfaceRights
109071000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
129508000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
118401000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
47952000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
38679000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
81556000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
79722000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
3600000 usd
us-gaap Depreciation
Depreciation
10900000 usd
CY2022Q3 tpl Royalty Interest Acquired
RoyaltyInterestAcquired
47928000 usd
CY2021Q4 tpl Royalty Interest Acquired
RoyaltyInterestAcquired
46266000 usd
CY2022Q3 tpl Total Royalty Interests Gross
TotalRoyaltyInterestsGross
47928000 usd
CY2021Q4 tpl Total Royalty Interests Gross
TotalRoyaltyInterestsGross
46266000 usd
CY2022Q3 tpl Accumulated Depreciation Royalty Interests
AccumulatedDepreciationRoyaltyInterests
2597000 usd
CY2021Q4 tpl Accumulated Depreciation Royalty Interests
AccumulatedDepreciationRoyaltyInterests
1876000 usd
CY2022Q3 tpl Total Royalty Interests
TotalRoyaltyInterests
45331000 usd
CY2021Q4 tpl Total Royalty Interests
TotalRoyaltyInterests
44390000 usd
CY2022Q3 us-gaap Depletion
Depletion
300000 usd
CY2021Q3 us-gaap Depletion
Depletion
100000 usd
us-gaap Depletion
Depletion
700000 usd
us-gaap Depletion
Depletion
500000 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
103753000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2121000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5616000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1200000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
10100000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y4M24D
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
163975000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
440702000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
237456000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34138000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19916000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
94071000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46521000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.208
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.192
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.213
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.196
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
129837000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
83837000 usd
us-gaap Net Income Loss
NetIncomeLoss
346631000 usd
us-gaap Net Income Loss
NetIncomeLoss
190935000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7714796 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7751329 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7729866 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7754439 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
16.83
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
44.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
24.62
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7714796 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7751329 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7729866 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7754439 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5425 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3639 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7720221 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7751329 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7733505 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7754439 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
16.82
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
44.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
24.62
CY2022Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
6900000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
651711000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
97900000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.00
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1481000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
50052000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
2000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
727876000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
118894000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1811000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
25534000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
2000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
645281000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
129837000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2091000 usd
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
32915000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
3000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
721170000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
485184000 usd
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.75
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
514716000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
8000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
28000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
513935000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
57046000 usd
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2504000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
8000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
29000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
547177000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
83837000 usd
CY2021Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8689000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
8000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
29000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
601042000 usd
CY2022Q1 tpl Stock Repurchase Program Shares Authorized To Be Repurchased Amount
StockRepurchaseProgramSharesAuthorizedToBeRepurchasedAmount
100000000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
191111000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
123693000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
303780000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
129837000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
83837000 usd
us-gaap Net Income Loss
NetIncomeLoss
346631000 usd
us-gaap Net Income Loss
NetIncomeLoss
190935000 usd
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1808000 usd
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6587000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12155000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11499000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3917000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3866000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12223000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11562000 usd
CY2022Q3 us-gaap Assets
Assets
828974000 usd
CY2021Q4 us-gaap Assets
Assets
764064000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
81556000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
79722000 usd
CY2022Q3 tpl Share Of Oil And Gas Produced
ShareOfOilAndGasProduced
23400 boe
CY2021Q3 tpl Share Of Oil And Gas Produced
ShareOfOilAndGasProduced
19500 boe
tpl Share Of Oil And Gas Produced
ShareOfOilAndGasProduced
21300 boe
tpl Share Of Oil And Gas Produced
ShareOfOilAndGasProduced
17500 boe
CY2022Q3 tpl Number Of Oil And Gas Wells
NumberOfOilAndGasWells
548 well
CY2021Q4 tpl Number Of Oil And Gas Wells
NumberOfOilAndGasWells
452 well

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