Financial Summary


Texas Pacific Land Trust

Texas Pacific Land Trust (TPL)

$600
11.01 (+1.87%)
Strong Buy
S
Market Info
Financial Info
Financial Modelling
Symbol TPL
Price 600$
Beta 1.323
Volume Avrg. 0.02M
Market Cap 4.65B
Shares (2019) 7,756.44K
Last Div 16.0
Dividend Yield 1.00%
DCF Unlevered 496.76 Sell
DCF Levered 613.89 Neutral
ROE 62.23% Strong Buy
ROA 53.28% Strong Buy
Operating Margin 258.24% Strong Buy
Debt / Equity 16.80% Neutral
P/E 17.68 Strong Buy
P/B 11.00 Strong Buy

Income Statement

Quarter data

Balance Sheet Statement

Quarter data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Short-term debt --1.711.801.20------
Other Assets 18,636.4117,839.8114,402.6812,761.979,117.746,287.735,423.5813,036.0428.36100.63206.21
Total current liabilities 1,520.561,731.405.004.143.805.184.0814.5547.8325.4841.84
Cash and cash equivalents 8,151.217,149.5513.038.4213.2426.8145.0149.4279.58119.65303.64
Long-term debt -----------
Cash and short-term investments 8,151.217,149.5513.038.4213.2426.8145.0149.4279.58119.65303.64
Total debt --1.711.801.20------
Inventories -----------
Deferred revenue 767.23755.200.831.021.383.942.5811.7841.3813.3717.38
Goodwill and Intangible Assets -----------
Total non-current liabilities --2.952.271.670.290.160.280.4314.9040.83
Total non-current assets --11.6110.065.393.071.646.4929.68116.68231.54
Total liabilities 7,083.626,687.136.895.594.436.384.7514.8348.2740.3886.04
Total assets 26,787.6224,989.3627.4321.1922.3633.1050.4462.45127.46285.07598.18
Other comprehensive income 488.35515.7222.2217.5019.1729.4348.1949.5480.80246.85515.06
Short-term investments -----------
Property, Plant & Equipment Net --0.050.070.080.090.261.1719.5264.8088.32
Net Debt -8,151.21-7,149.55-11.32-6.62-12.04-26.81-45.01-49.42-79.58-119.65-303.64
Investments --10.358.373.890.920.140.09---
Total shareholders equity --20.5515.6017.9326.7245.6947.6279.19244.69512.14
Retained earnings (deficit) ---0.83-0.95-0.62-1.35-1.25-0.96-0.80-1.08-1.46
Long-term investments --10.358.373.890.920.140.09---
Receivables --2.792.703.733.223.796.5518.2048.7562.99
Payables 753.33976.201.081.080.860.830.870.835.6110.5119.19
Total current assets 8,151.217,149.5515.8211.1316.9630.0348.8055.9797.78168.40366.64

Cash Flow Statement

Quarter data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Operating Cash Flow 9,392.94-23.9319.9130.0738.8549.5740.9693.83191.65342.79
Free Cash Flow 9,363.27-27.6723.9719.8630.0138.8049.3539.9875.08143.77341.19
Capital Expenditure 29.6627.67-0.040.050.050.050.220.9818.7547.881.60
Depreciation & Amortization 42.1415.390.010.020.020.020.030.040.382.588.91
Acquisitions and disposals -----------
Deferred income taxes -413.77-444.771.33-0.68-0.60-1.38-0.13-4.04-3.1214.7925.92
Investment purchases --------33.09-34.27-38.40-4.35
Accounts payables 179.67--0.020.40-0.342.55-1.639.225.094.787.96
Sales/Maturities of investments -----------
Change in working capital -1,798.51-1,212.50-5,407.33-3.836.1811.6919.86-3.308.5492.97181.88
Debt repayment 982.35-57.8957.89-416.88416.88-815.94815.94--1.20-8.209.40
Other non-cash items -----------
Investing Cash Flow -20.66-15.170.02-0.04-0.03-0.03-0.20-0.96-18.72-81.53-111.69
Cash at beginning of period 9,654.388,151.217.1513.038,424.9113.2426.8145.0149.4279.58123.45
Stock-based compensation -----------
Net cash flow / Change in cash -1,503.17-5.88-4.6013.2413.5818.204.4130.1640.07180.20
Effect of forex changes on cash -----------
Financing Cash Flow -10,875.44-12,683.11-18.03-24.48-25,216.94-25.24-31.17-35.59-44.95-70.05-50.90
Dividend payments -1,930.44-1,968.06-2.00-4.30--2.28-2.40-2.51-10.68-31.65-46.55
Accounts receivables -451.20-534.64-637.2492.41-1,240.70689.13-563.99-2,874.44-12.23-37.82-13.80
Cash at end of period 8,151.217,149.5513.038.4213.2426.8145.0149.4279.58119.65303.64
Net cash provided by operating activities 9,392.94-23.9319.9130.0738.8549.5740.9693.83191.65342.79
Other working capital 6,630.655,418.1510.826.9913.1724.8644.7241.4249.95142.92324.80
Inventory -----------

Retained Earning Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Retained Earnings (Previous Year) ----1-1-1-1-1-1-1-1
Net Income 6,91411,30921202735503776210319
Stock Dividends -4,984-9,341-19-15-27-33-48-34-66-178-273
Dividend Paid -1,930-1,968-2-4--2-2-3-11-32-47
Retained Earnings ---1-1-1-1-1-1-1-1-1

PPE Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gross PPE ---0000012065
Annual Depreciation -30-280-0-0-0-0-0-0-322
Capital Expenditure 3028-00000119482
Net PPE --000001206588

Intangible and Goodwill Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Intangible and Goodwill (Previous Year) -----------
New Purchases --------33-34-38-4
Intangible and Goodwill -----------

About


Mr. Tyler Glover
Energy
Oil & Gas E&P
New York Stock Exchange

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. The Land and Resource Management segment manages various land and related resources in West Texas. This segment has oil and gas royalty interests; enter into easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; and leases land. As of December 31, 2019, it owned the surface estate in approximately 901,787 acres of land comprising various separate tracts located in 19 counties in the western part of Texas. This segment also owns a 1/128th nonparticipating perpetual oil and gas royalty interest under 84,934 acres of land, as well as a 1/16th nonparticipating perpetual oil and gas royalty interest under 370,737 acres of land in the western part of Texas; and oil and gas royalty interests in approximately 3,074 net royalty acres. The Water Service and Operat