2024 Q3 Form 10-Q Financial Statement
#000181107424000049 Filed on August 07, 2024
Income Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| Revenue | $173.6M | $172.3M |
| YoY Change | 9.87% | 7.3% |
| Cost Of Revenue | $11.73M | $14.82M |
| YoY Change | 37.16% | 44.1% |
| Gross Profit | $161.8M | $157.5M |
| YoY Change | 8.31% | 4.78% |
| Gross Profit Margin | 93.24% | 91.4% |
| Selling, General & Admin | $28.56M | $20.20M |
| YoY Change | 51.36% | -22.77% |
| % of Gross Profit | 17.65% | 12.82% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $5.762M | $4.093M |
| YoY Change | 60.77% | 5.14% |
| % of Gross Profit | 3.56% | 2.6% |
| Operating Expenses | $34.50M | $24.29M |
| YoY Change | 53.64% | -19.15% |
| Operating Profit | $127.3M | $133.2M |
| YoY Change | 0.29% | 10.76% |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $8.086M | $13.22M |
| YoY Change | 1.34% | 92.4% |
| Pretax Income | $135.4M | $146.4M |
| YoY Change | 0.36% | 15.17% |
| Income Tax | $28.82M | $31.85M |
| % Of Pretax Income | 21.28% | 21.75% |
| Net Earnings | $106.6M | $114.6M |
| YoY Change | 0.97% | 14.14% |
| Net Earnings / Revenue | 61.42% | 66.49% |
| Basic Earnings Per Share | $4.64 | $4.99 |
| Diluted Earnings Per Share | $4.63 | $4.98 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 22.98M shares | 22.99M shares |
| Diluted Shares Outstanding | 23.01M shares | 23.01M shares |
Balance Sheet
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $533.9M | $894.7M |
| YoY Change | -18.38% | 46.85% |
| Cash & Equivalents | $533.9M | $894.7M |
| Short-Term Investments | ||
| Other Short-Term Assets | $52.43M | $3.878M |
| YoY Change | 926.99% | -27.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $122.6M | $119.1M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $709.0M | $1.018B |
| YoY Change | -10.35% | 38.4% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $119.1M | $95.51M |
| YoY Change | 37.54% | -63.3% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $35.77M | $20.46M |
| YoY Change | 67.89% | |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Total Long-Term Assets | $466.6M | $298.1M |
| YoY Change | 61.76% | 12.07% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $709.0M | $1.018B |
| Total Long-Term Assets | $466.6M | $298.1M |
| Total Assets | $1.176B | $1.316B |
| YoY Change | 8.92% | 31.41% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $40.56M | $31.66M |
| YoY Change | 39.73% | 16.57% |
| Accrued Expenses | $953.0K | $887.0K |
| YoY Change | -40.77% | -50.0% |
| Deferred Revenue | $6.694M | $6.060M |
| YoY Change | 9.7% | -2.6% |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $57.33M | $44.27M |
| YoY Change | 21.03% | -5.12% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $20.63M | $21.09M |
| YoY Change | -19.63% | -20.81% |
| Total Long-Term Liabilities | $20.63M | $21.09M |
| YoY Change | -19.63% | -20.81% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $57.33M | $44.27M |
| Total Long-Term Liabilities | $20.63M | $21.09M |
| Total Liabilities | $123.4M | $109.4M |
| YoY Change | 7.56% | -3.87% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $1.196B | $1.347B |
| YoY Change | 10.4% | 34.29% |
| Common Stock | $231.0K | $231.0K |
| YoY Change | 196.15% | 196.15% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $162.4M | $158.3M |
| YoY Change | 21.34% | 23.19% |
| Treasury Stock Shares | ||
| Shareholders Equity | $1.052B | $1.206B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.176B | $1.316B |
| YoY Change | 8.92% | 31.41% |
Cashflow Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $106.6M | $114.6M |
| YoY Change | 0.97% | 14.14% |
| Depreciation, Depletion And Amortization | $5.762M | $4.093M |
| YoY Change | 60.77% | 5.14% |
| Cash From Operating Activities | $118.6M | $98.29M |
| YoY Change | 10.19% | 16.33% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $128.2M | $7.410M |
| YoY Change | 2344.46% | -71.4% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$87.95M | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$216.1M | -$7.410M |
| YoY Change | 664.74% | -71.4% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -263.2M | -33.28M |
| YoY Change | 742.55% | -25.24% |
| NET CHANGE | ||
| Cash From Operating Activities | 118.6M | 98.29M |
| Cash From Investing Activities | -216.1M | -7.410M |
| Cash From Financing Activities | -263.2M | -33.28M |
| Net Change In Cash | -360.8M | 57.60M |
| YoY Change | -850.22% | 309.38% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $118.6M | $98.29M |
| Capital Expenditures | $128.2M | $7.410M |
| Free Cash Flow | -$9.600M | $90.88M |
| YoY Change | -109.38% | 55.14% |
Facts In Submission
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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-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 869,000 surface acres of land, principally 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) (“NRA”) for a collective total of approximately 195,000 NRA, principally concentrated in the Permian Basin.</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%">Our revenues are derived from oil and gas royalties, water sales, produced water royalties, easements and other surface-related income and land sales.</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;text-indent:36pt"><span><br/></span></div><div style="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:107%">Increase in Authorized Shares of Common Stock</span></div><div style="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%">As of December 31, 2023, the Company had authorized shares consisting of 1,000,000 shares of preferred stock, par value $0.01 per share (“Preferred Stock”), and 7,756,156 shares of common stock, par value $0.01 per share (“Common Stock”). On March 1, 2024, we filed a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation of the Company (the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware, pursuant to which the Certificate of Incorporation was amended and restated to provide that the total number of authorized shares of capital stock of the Company be increased to 47,536,936 shares of capital stock, consisting of 1,000,000 shares of Preferred Stock and 46,536,936 shares of Common Stock.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="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:107%">Common Stock Split</span></div><div style="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 March 26, 2024, we effected a three-for-one stock split in the form of a stock dividend of two shares of Common Stock for every share of Common Stock outstanding to stockholders of record as of March 18, 2024. All shares, stock awards, restricted stock awards (“RSAs”), restricted stock units (“RSUs”), performance stock units (“PSUs”) and per share information have been retroactively adjusted to reflect the stock split. The three-for-one stock split was not applied to shares held as treasury stock. The shares of Common Stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from “Additional paid-in capital” to “Common Stock.” </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, 2023. 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 June 30, 2024 and the results of its operations for the three and six months ended June 30, 2024 and 2023, and its cash flows for the six months ended June 30, 2024 and 2023, 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 Quarterly Report, and 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, 2023. The results for the interim periods shown in this Quarterly Report are not necessarily indicative of future financial results.</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%">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 13, “Business Segment Reporting” for further information regarding our segments.</span></div> | ||
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Stockholders Equity
StockholdersEquity
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Net Income Loss
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Net Income Loss
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Depreciation Amortization And Accretion Net
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Depreciation Amortization And Accretion Net
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Costs And Expenses
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Operating Income Loss
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Operating Income Loss
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Nonoperating Income Expense
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Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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Comprehensive Income Net Of Tax
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Comprehensive Income Net Of Tax
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Earnings Per Share Basic
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|
4.99 | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
4.35 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.98 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.35 | |
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Weighted Average Number Of Shares Outstanding Basic
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|
22987971 | shares |
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23056986 | shares |
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Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23013793 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23072851 | shares |
| CY2024Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.17 | |
| CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.08 | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
7933000 | usd | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
7297000 | usd | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6054000 | usd | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5323000 | usd | |
| us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
20320000 | usd | |
| tpl |
Payments To Acquire Equipment And Other Acquisition Of Real Estate
PaymentsToAcquireEquipmentAndOtherAcquisitionOfRealEstate
|
8622000 | usd | |
| tpl |
Payments To Acquire Equipment And Other Acquisition Of Real Estate
PaymentsToAcquireEquipmentAndOtherAcquisitionOfRealEstate
|
5536000 | usd | |
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | usd | |
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
5000 | usd | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9648000 | usd | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-27654000 | usd | |
| us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
53801000 | usd | |
| us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
50027000 | usd | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
16722000 | usd | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
26379000 | usd | |
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1207000 | usd | |
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
939000 | usd | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-71730000 | usd | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-77345000 | usd | |
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
164155000 | usd | |
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
94265000 | usd | |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
730549000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
517182000 | usd |
| CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
894704000 | usd |
| CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
611447000 | usd |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
66557000 | usd | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
44396000 | usd | |
| us-gaap |
Depletion
Depletion
|
1000000.0 | usd | |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
21403000 | usd |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
946000 | usd |
| CY2024Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
300000 | usd |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
600000 | usd | |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
600000 | usd |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
1100000 | usd |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
14300000 | usd |
| CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2850000 | usd |
| CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
600000 | usd |
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
114589000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
100393000 | usd |
| CY2024Q2 | us-gaap |
Assets Current
AssetsCurrent
|
1017684000 | usd |
| CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
862464000 | usd |
| CY2024Q2 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
130800000 | usd |
| CY2023Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
130024000 | usd |
| CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
95511000 | usd |
| CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
89587000 | usd |
| CY2023Q4 | tpl |
Total Royalty Interests
TotalRoyaltyInterests
|
46609000 | usd |
| CY2024Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
20457000 | usd |
| CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
21025000 | usd |
| CY2024Q2 | us-gaap |
Other Assets
OtherAssets
|
5756000 | usd |
| CY2023Q4 | us-gaap |
Other Assets
OtherAssets
|
6689000 | usd |
| CY2024Q2 | tpl |
Total Royalty Interests
TotalRoyaltyInterests
|
45583000 | usd |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2024Q2 | tpl |
Land Sales Expense
LandSalesExpense
|
0 | usd |
| CY2023Q2 | tpl |
Land Sales Expense
LandSalesExpense
|
2000 | usd |
| CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
26758000 | usd |
| us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
2.34 | ||
| us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
2.16 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
229006000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
186961000 | usd | |
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-756000 | usd | |
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
673000 | usd | |
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-10016000 | usd | |
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
14477000 | usd | |
| us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-4328000 | usd | |
| us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
8040000 | usd | |
| us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-3904000 | usd | |
| us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
1984000 | usd | |
| us-gaap |
Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
|
0 | usd | |
| us-gaap |
Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
|
-4809000 | usd | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
245533000 | usd | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
199264000 | usd | |
| us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
1026000 | usd | |
| tpl |
Decrease Increase In Accounts Payable Related To Capital Expenditures
DecreaseIncreaseInAccountsPayableRelatedToCapitalExpenditures
|
3539000 | usd | |
| tpl |
Decrease Increase In Accounts Payable Related To Capital Expenditures
DecreaseIncreaseInAccountsPayableRelatedToCapitalExpenditures
|
-392000 | usd | |
| CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2024Q1 | tpl |
Capital Stock Shares Authorized
CapitalStockSharesAuthorized
|
47536936 | shares |
| CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
46536936 | shares |
| CY2024Q1 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
3 | |
| CY2024Q1 | us-gaap |
Common Stock Dividends Shares
CommonStockDividendsShares
|
2 | shares |
| CY2024Q1 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
3 | |
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
| 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> | ||
| CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
894704000 | usd |
| CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
725169000 | usd |
| CY2024Q2 | us-gaap |
Escrow Deposit
EscrowDeposit
|
0 | usd |
| CY2023Q4 | us-gaap |
Escrow Deposit
EscrowDeposit
|
5380000 | usd |
| CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
894704000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
730549000 | usd |
| CY2024Q2 | tpl |
Surface Rights In Acres
SurfaceRightsInAcres
|
798958 | acre |
| CY2024Q2 | tpl |
Land Surface Rights Carrying Value
LandSurfaceRightsCarryingValue
|
0 | usd |
| CY2023Q4 | tpl |
Surface Rights In Acres
SurfaceRightsInAcres
|
798999 | acre |
| CY2023Q4 | tpl |
Land Surface Rights Carrying Value
LandSurfaceRightsCarryingValue
|
0 | usd |
| CY2024Q2 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
70087 | acre |
| CY2024Q2 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
130800000 | usd |
| CY2023Q4 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
69447 | acre |
| CY2023Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
130024000 | usd |
| CY2024Q2 | tpl |
Total Real Estateand Land Surface Rights Acres
TotalRealEstateandLandSurfaceRightsAcres
|
869045 | acre |
| CY2024Q2 | tpl |
Total Real Estate Including Land Surface Rights
TotalRealEstateIncludingLandSurfaceRights
|
130800000 | usd |
| CY2023Q4 | tpl |
Total Real Estateand Land Surface Rights Acres
TotalRealEstateandLandSurfaceRightsAcres
|
868446 | acre |
| CY2023Q4 | tpl |
Total Real Estate Including Land Surface Rights
TotalRealEstateIncludingLandSurfaceRights
|
130024000 | usd |
| CY2024Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
158897000 | usd |
| CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
146739000 | usd |
| CY2024Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
63386000 | usd |
| CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
57152000 | usd |
| CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
95511000 | usd |
| CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
89587000 | usd |
| CY2024Q2 | us-gaap |
Depreciation
Depreciation
|
3200000 | usd |
| CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
3200000 | usd |
| us-gaap |
Depreciation
Depreciation
|
6200000 | usd | |
| us-gaap |
Depreciation
Depreciation
|
6300000 | usd | |
| CY2024Q2 | tpl |
Royalty Interest Acquired
RoyaltyInterestAcquired
|
51494000 | usd |
| CY2023Q4 | tpl |
Royalty Interest Acquired
RoyaltyInterestAcquired
|
51494000 | usd |
| CY2024Q2 | tpl |
Total Royalty Interests Gross
TotalRoyaltyInterestsGross
|
51494000 | usd |
| CY2023Q4 | tpl |
Total Royalty Interests Gross
TotalRoyaltyInterestsGross
|
51494000 | usd |
| CY2024Q2 | tpl |
Accumulated Depreciation Royalty Interests
AccumulatedDepreciationRoyaltyInterests
|
5911000 | usd |
| CY2023Q4 | tpl |
Accumulated Depreciation Royalty Interests
AccumulatedDepreciationRoyaltyInterests
|
4885000 | usd |
| CY2024Q2 | tpl |
Total Royalty Interests
TotalRoyaltyInterests
|
45583000 | usd |
| CY2023Q4 | tpl |
Total Royalty Interests
TotalRoyaltyInterests
|
46609000 | usd |
| CY2023Q2 | us-gaap |
Depletion
Depletion
|
600000 | usd |
| CY2024Q2 | us-gaap |
Depletion
Depletion
|
600000 | usd |
| us-gaap |
Depletion
Depletion
|
900000 | usd | |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
21403000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
378000 | usd |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
20457000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
21025000 | usd |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P18Y3M18D | |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
1100000 | usd |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
1100000 | usd |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
1100000 | usd |
| CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
1100000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
3 | |
| CY2024Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2700000 | usd |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6054000 | usd | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5323000 | usd | |
| CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
600000 | usd |
| us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1300000 | usd | |
| us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1100000 | usd | |
| CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
14100000 | usd |
| us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y4M24D | ||
| CY2024Q2 | tpl |
Interest On Cash And Cash Equivalents
InterestOnCashAndCashEquivalents
|
10761000 | usd |
| CY2023Q2 | tpl |
Interest On Cash And Cash Equivalents
InterestOnCashAndCashEquivalents
|
6741000 | usd |
| tpl |
Interest On Cash And Cash Equivalents
InterestOnCashAndCashEquivalents
|
20562000 | usd | |
| tpl |
Interest On Cash And Cash Equivalents
InterestOnCashAndCashEquivalents
|
11999000 | usd | |
| CY2024Q2 | us-gaap |
Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
|
-143000 | usd |
| CY2023Q2 | us-gaap |
Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
|
-130000 | usd |
| us-gaap |
Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
|
-285000 | usd | |
| us-gaap |
Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
|
-258000 | usd | |
| CY2024Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2316000 | usd |
| CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | usd |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2316000 | usd | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3000 | usd | |
| CY2024Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
13220000 | usd |
| CY2023Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
6871000 | usd |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
23163000 | usd | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
12260000 | usd | |
| CY2024Q2 | us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
1900000 | usd |
| CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
146442000 | usd |
| CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
127151000 | usd |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
292426000 | usd | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
237492000 | usd | |
| CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
31853000 | usd |
| CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
26758000 | usd |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
63420000 | usd | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
50531000 | usd | |
| CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.218 | |
| CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.210 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.217 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.213 | ||
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
114589000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
100393000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
229006000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
186961000 | usd | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22987971 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23056986 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22995486 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23068056 | shares | |
| CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.99 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.35 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
9.96 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
8.10 | ||
| CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22987971 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23056986 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22995486 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23068056 | shares | |
| CY2024Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
25822 | shares |
| CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
15865 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
22827 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
15587 | shares | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23013793 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23072851 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23018313 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23083643 | shares | |
| CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.98 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.35 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
9.95 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
8.10 | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares | |
| CY2024Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1043196000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3416000 | usd |
| CY2024Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
10445000 | usd |
| CY2024Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
1207000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
6000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-21000 | usd |
| CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2642000 | usd |
| CY2024Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
6344000 | usd |
| CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
5000 | usd |
| CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-21000 | usd |
| CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1206421000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
772887000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
86568000 | usd |
| 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 |
| CY2024Q1 | 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 |
| CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2806000 | usd |
| CY2023Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
19708000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
8000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-26000 | usd |
| CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
887550000 | usd |
| CY2024Q1 | tpl |
Capital Stock Shares Authorized
CapitalStockSharesAuthorized
|
47536936 | shares |
| CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
46536936 | shares |
| CY2022Q4 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
250000000.0 | usd |
| us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
16600000 | usd | |
| us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
26200000 | usd | |
| CY2024Q2 | tpl |
Common Stock Special Dividends Per Share Cash Paid
CommonStockSpecialDividendsPerShareCashPaid
|
10.00 | |
| CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
172334000 | usd |
| CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
160609000 | usd |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
346476000 | usd | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
306971000 | usd | |
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
114589000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
100393000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
229006000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
186961000 | usd | |
| CY2024Q2 | us-gaap |
Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
|
6499000 | usd |
| CY2023Q2 | us-gaap |
Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
|
1371000 | usd |
| us-gaap |
Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
|
12161000 | usd | |
| us-gaap |
Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
|
5144000 | usd | |
| CY2024Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4093000 | usd |
| CY2023Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
3893000 | usd |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
7933000 | usd | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
7297000 | usd | |
| CY2024Q2 | us-gaap |
Assets
Assets
|
1315791000 | usd |
| CY2023Q4 | us-gaap |
Assets
Assets
|
1156398000 | usd |
| CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
95511000 | usd |
| CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
89587000 | usd |
| CY2023Q2 | tpl |
Share Of Oil And Gas Produced
ShareOfOilAndGasProduced
|
24900 | boe |
| CY2024Q2 | tpl |
Share Of Oil And Gas Produced
ShareOfOilAndGasProduced
|
24900 | boe |
| tpl |
Share Of Oil And Gas Produced
ShareOfOilAndGasProduced
|
24900 | boe | |
| tpl |
Share Of Oil And Gas Produced
ShareOfOilAndGasProduced
|
22900 | boe | |
| CY2024Q2 | tpl |
Number Of Oil And Gas Wells
NumberOfOilAndGasWells
|
635 | well |
| CY2023Q4 | tpl |
Number Of Oil And Gas Wells
NumberOfOilAndGasWells
|
675 | well |
| CY2024Q2 | tpl |
Royalty Interest Of Oil And Gas Wells Produced
RoyaltyInterestOfOilAndGasWellsProduced
|
9.5 | |
| CY2023Q4 | tpl |
Royalty Interest Of Oil And Gas Wells Produced
RoyaltyInterestOfOilAndGasWellsProduced
|
9.7 | |
| CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
