Texas Pacific Land Corp
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 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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Condensed Consolidated Balance Sheets as of
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except shares and per share amounts)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $533,914 | $725,169 |
| Accounts receivable and accrued receivables, net | 122,627 | 128,971 |
| Prepaid expenses and other current assets | 48,426 | 2,944 |
| Tax like-kind exchange escrow | — | 5,380 |
| Prepaid income taxes | 4,002 | — |
| Total current assets | 708,969 | 862,464 |
| Real estate acquired | 142,727 | 130,024 |
| Property, plant and equipment, net | 119,108 | 89,587 |
| Royalty interests acquired, net | 164,028 | 46,609 |
| Intangible assets, net | 35,773 | 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 | — | — |
| Other assets | 4,964 | 6,689 |
| Total assets | $1,175,569 | $1,156,398 |
| LIABILITIES AND EQUITY | ||
| Accounts payable and accrued expenses | $40,560 | $22,501 |
| Ad valorem and other taxes payable | 7,860 | 10,761 |
| Income taxes payable | 2,217 | 4,795 |
| Unearned revenue | 6,694 | 6,330 |
| Total current liabilities | 57,331 | 44,387 |
| Deferred taxes payable | 44,528 | 42,365 |
| Unearned revenue - noncurrent | 20,625 | 25,006 |
| Accrued liabilities - noncurrent | 953 | 1,444 |
| Total liabilities | 123,437 | 113,202 |
| Commitments and contingencies | — | — |
| Equity: | ||
| Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of September 30, 2024 and December 31, 2023 | — | — |
| Common stock, $0.01 par value; 46,536,936 and 7,756,156 shares authorized as of September 30, 2024 and December 31, 2023, respectively, and 22,977,125 and 23,007,681 (as adjusted for stock split) outstanding as of September 30, 2024 and December 31, 2023, respectively | 231 | 78 |
| Treasury stock, at cost; 108,951 and 86,929 shares as of September 30, 2024 and December 31, 2023, respectively | (162,416) | (144,998) |
| Additional paid-in capital | 16,391 | 14,613 |
| Accumulated other comprehensive income | 1,768 | 1,831 |
| Retained earnings | 1,196,158 | 1,171,672 |
| Total equity | 1,052,132 | 1,043,196 |
| Total liabilities and equity | $1,175,569 | $1,156,398 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.