$TPL
Texas Pacific Land Corp

2023 Q2 Form 10-Q Financial Statement

#000181107423000025 Filed on May 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $160.6M $146.4M
YoY Change -8.88% -0.66%
Cost Of Revenue $10.29M $5.656M
YoY Change 162.76% 103.31%
Gross Profit $150.3M $140.7M
YoY Change -12.78% -2.66%
Gross Profit Margin 93.6% 96.14%
Selling, General & Admin $26.15M $32.35M
YoY Change 58.8% 100.74%
% of Gross Profit 17.4% 22.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.893M $3.404M
YoY Change -6.87% -17.5%
% of Gross Profit 2.59% 2.42%
Operating Expenses $30.04M $35.75M
YoY Change 45.5% 76.65%
Operating Profit $120.3M $105.0M
YoY Change -20.72% -15.57%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $6.871M $5.389M
YoY Change 990.63% 6990.79%
Pretax Income $127.2M $110.3M
YoY Change -16.53% -11.29%
Income Tax $26.76M $23.77M
% Of Pretax Income 21.04% 21.55%
Net Earnings $100.4M $86.57M
YoY Change -15.56% -11.58%
Net Earnings / Revenue 62.51% 59.15%
Basic Earnings Per Share $13.06 $11.25
Diluted Earnings Per Share $13.05 $11.24
COMMON SHARES
Basic Shares Outstanding 7.692M shares 7.695M shares
Diluted Shares Outstanding 7.691M shares 7.698M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $609.3M $590.6M
YoY Change 56.3% 16.41%
Cash & Equivalents $609.3M $590.6M
Short-Term Investments
Other Short-Term Assets $5.312M $7.586M
YoY Change 206.7% 199.37%
Inventory
Prepaid Expenses
Receivables $120.8M $106.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $735.3M $711.0M
YoY Change 40.35% 14.89%
LONG-TERM ASSETS
Property, Plant & Equipment $260.3M $86.19M
YoY Change 211.91% 7.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.195M $6.757M
YoY Change
Total Long-Term Assets $266.0M $244.2M
YoY Change 10.47% 2.74%
TOTAL ASSETS
Total Short-Term Assets $735.3M $711.0M
Total Long-Term Assets $266.0M $244.2M
Total Assets $1.001B $955.3M
YoY Change 30.94% 11.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.16M $27.26M
YoY Change -7.27% 115.62%
Accrued Expenses $1.774M $1.923M
YoY Change -43.91% -25.23%
Deferred Revenue $6.222M $6.784M
YoY Change 21.07% 45.74%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $46.66M $61.04M
YoY Change -18.25% -9.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $26.64M $22.40M
YoY Change 25.67% 10.32%
Total Long-Term Liabilities $26.64M $22.40M
YoY Change 25.67% 10.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.66M $61.04M
Total Long-Term Liabilities $26.64M $22.40M
Total Liabilities $113.8M $126.2M
YoY Change -4.73% -1.94%
SHAREHOLDERS EQUITY
Retained Earnings $1.003B $927.5M
YoY Change 46.87% 25.02%
Common Stock $78.00K $78.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $128.5M $108.8M
YoY Change 221.17% 644.3%
Treasury Stock Shares
Shareholders Equity $887.6M $829.1M
YoY Change
Total Liabilities & Shareholders Equity $1.001B $955.3M
YoY Change 30.94% 11.52%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $100.4M $86.57M
YoY Change -15.56% -11.58%
Depreciation, Depletion And Amortization $3.893M $3.404M
YoY Change -6.87% -17.5%
Cash From Operating Activities $84.49M $114.8M
YoY Change -3.63% 6.53%
INVESTING ACTIVITIES
Capital Expenditures $25.91M $3.773M
YoY Change 252.9% 25.56%
Acquisitions
YoY Change
Other Investing Activities $0.00 $5.000K
YoY Change -94.79%
Cash From Investing Activities -$25.91M -$1.744M
YoY Change 739.87% -66.32%
FINANCING ACTIVITIES
Cash Dividend Paid $25.06M
YoY Change 7.91%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -44.51M -$32.84M
YoY Change -77.98% 40.07%
NET CHANGE
Cash From Operating Activities 84.49M $114.8M
Cash From Investing Activities -25.91M -$1.744M
Cash From Financing Activities -44.51M -$32.84M
Net Change In Cash 14.07M $80.19M
YoY Change -111.97% 1.37%
FREE CASH FLOW
Cash From Operating Activities $84.49M $114.8M
Capital Expenditures $25.91M $3.773M
Free Cash Flow $58.58M $111.0M
YoY Change -27.08% 5.99%

Facts In Submission

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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
597376000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
507356000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6000000 usd
CY2023Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 usd
CY2022Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
4174000 usd
CY2023Q1 tpl Decrease Increase In Accounts Payable Related To Capital Expenditures
DecreaseIncreaseInAccountsPayableRelatedToCapitalExpenditures
2024000 usd
CY2022Q1 tpl Decrease Increase In Accounts Payable Related To Capital Expenditures
DecreaseIncreaseInAccountsPayableRelatedToCapitalExpenditures
-619000 usd
CY2023Q1 tpl Stock Repurchase Program Share Repurchases Not Yet Settled
StockRepurchaseProgramShareRepurchasesNotYetSettled
266000 usd
CY2022Q1 tpl Stock Repurchase Program Share Repurchases Not Yet Settled
StockRepurchaseProgramShareRepurchasesNotYetSettled
0 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
Organization and Description of Business Segments<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 874,000 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, Texas Pacific Land Trust (the “Trust”), organized under a Declaration of Trust dated February 1, 1888 (the “Declaration of Trust”), into Texas Pacific Land Corporation, a corporation formed and existing under the laws of the state of Delaware (the “Corporate Reorganization”).</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-style:italic;font-weight:400;line-height:120%">Basis of Presentation</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%">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, 2022. 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 March 31, 2023 and the results of its operations and its cash flows for the three months ended March 31, 2023 and 2022, 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, 2022. 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>
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q1 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 condensed 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>
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
590619000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
510834000 usd
CY2023Q1 us-gaap Escrow Deposit
EscrowDeposit
6757000 usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
6348000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
597376000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
517182000 usd
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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%">Reclassifications</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%">Certain financial information on the condensed consolidated balance sheet and condensed consolidated statement of income and total comprehensive income as of and for the three months ended March 31, 2022 has been revised to conform to the current year presentation. These revisions include a balance sheet reclassification of $454,000 of other taxes payable previously included in accounts payable and accrued expenses to ad valorem and other taxes payable and an income statement reclassification of $33,000 of property taxes previously included in general and administrative expenses to ad valorem and other taxes for the three months ended March 31, 2022.</span></div>
CY2023Q1 tpl Surface Rights In Acres
SurfaceRightsInAcres
817051 acre
CY2023Q1 tpl Land Surface Rights Carrying Value
LandSurfaceRightsCarryingValue
0 usd
CY2022Q4 tpl Surface Rights In Acres
SurfaceRightsInAcres
817060 acre
CY2022Q4 tpl Land Surface Rights Carrying Value
LandSurfaceRightsCarryingValue
0 usd
CY2023Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
57306 acre
CY2023Q1 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
109704000 usd
CY2022Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
57306 acre
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
109704000 usd
CY2023Q1 tpl Total Real Estateand Land Surface Rights Acres
TotalRealEstateandLandSurfaceRightsAcres
874357 acre
CY2023Q1 tpl Total Real Estate Including Land Surface Rights
TotalRealEstateIncludingLandSurfaceRights
109704000 usd
CY2022Q4 tpl Total Real Estateand Land Surface Rights Acres
TotalRealEstateandLandSurfaceRightsAcres
874366 acre
CY2022Q4 tpl Total Real Estate Including Land Surface Rights
TotalRealEstateIncludingLandSurfaceRights
109704000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
139210000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
135482000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
53018000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
50004000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
86192000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
85478000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
3000000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
3800000 usd
CY2023Q1 tpl Royalty Interest Acquired
RoyaltyInterestAcquired
47928000 usd
CY2022Q4 tpl Royalty Interest Acquired
RoyaltyInterestAcquired
47928000 usd
CY2023Q1 tpl Total Royalty Interests Gross
TotalRoyaltyInterestsGross
47928000 usd
CY2022Q4 tpl Total Royalty Interests Gross
TotalRoyaltyInterestsGross
47928000 usd
CY2023Q1 tpl Accumulated Depreciation Royalty Interests
AccumulatedDepreciationRoyaltyInterests
3208000 usd
CY2022Q4 tpl Accumulated Depreciation Royalty Interests
AccumulatedDepreciationRoyaltyInterests
2903000 usd
CY2023Q1 tpl Total Royalty Interests
TotalRoyaltyInterests
44720000 usd
CY2022Q4 tpl Total Royalty Interests
TotalRoyaltyInterests
45025000 usd
CY2023Q1 us-gaap Depletion
Depletion
300000 usd
CY2022Q1 us-gaap Depletion
Depletion
200000 usd
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2473000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1505000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
500000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
17100000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
110341000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
124389000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23773000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26489000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.213
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.24
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
12.64
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.00
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
86568000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
97900000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7693084 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7741365 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
11.25
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.65
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7693084 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7741365 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5314 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1345 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7698398 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7742710 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
772887000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
86568000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.25
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2370000 usd
CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6749000 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
939000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-6000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-25000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
829051000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
651711000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
97900000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1481000 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
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
146362000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
147335000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
86568000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
97900000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3773000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3005000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3404000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4126000 usd
CY2023Q1 us-gaap Assets
Assets
955251000 usd
CY2022Q4 us-gaap Assets
Assets
877427000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
86192000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
85478000 usd
CY2023Q1 tpl Share Of Oil And Gas Produced
ShareOfOilAndGasProduced
20900 boe
CY2022Q1 tpl Share Of Oil And Gas Produced
ShareOfOilAndGasProduced
20800 boe
CY2023Q1 tpl Number Of Oil And Gas Wells
NumberOfOilAndGasWells
565 well
CY2022Q4 tpl Number Of Oil And Gas Wells
NumberOfOilAndGasWells
584 well

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