Texas Pacific Land Corp

For the period ended Dec 31, 2023. Filed Feb 21, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 21, 2024

TPL$274.63-1.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets – December 31, 2023 and F-

	December 31,2023	December 31,2022
ASSETS
Cash and cash equivalents	$725,169	$510,834
Accounts receivable and accrued receivables, net	128,971	103,983
Prepaid expenses and other current assets	2,944	7,427
Tax like-kind exchange escrow	5,380	6,348
Prepaid income taxes	—	4,809
Total current assets	862,464	633,401
Real estate acquired	130,024	109,704
Property, plant and equipment, net	89,587	85,478
Royalty interests acquired, net	46,609	45,025
Intangible assets, net	21,025	—
Real estate and royalty interests assigned through the Declaration of Trust, no value assigned:
Land (surface rights)	—	—
1/16th nonparticipating perpetual royalty interest	—	—
1/128th nonparticipating perpetual royalty interest	—	—
Operating lease right-of-use assets	1,861	2,525
Other assets	4,828	1,294
Total assets	$1,156,398	$877,427
LIABILITIES AND EQUITY
Accounts payable and accrued expenses	$22,501	$23,443
Ad valorem and other taxes payable	10,761	8,497
Income taxes payable	4,795	3,167
Unearned revenue	6,330	4,488
Total current liabilities	44,387	39,595
Deferred taxes payable	42,365	41,151
Unearned revenue - noncurrent	25,006	21,708
Operating lease liabilities	1,170	1,955
Accrued liabilities - noncurrent	274	131
Total liabilities	113,202	104,540
Commitments and contingencies	—	—
Equity:
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of December 31, 2023 and 2022	—	—
Common stock, $0.01 par value; 7,756,156 shares authorized and 7,669,227 and 7,695,679 outstanding as of December 31, 2023 and 2022, respectively	78	78
Treasury stock, at cost; 86,929 and 60,477 shares as of December 31, 2023 and 2022, respectively	(144,998)	(104,139)
Additional paid-in capital	14,613	8,293
Accumulated other comprehensive income	1,831	2,516
Retained earnings	1,171,672	866,139
Total equity	1,043,196	772,887
Total liabilities and equity	$1,156,398	$877,427

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.