Texas Pacific Land Corp
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
View on SEC.govAbout 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.
FY2024 · Filed Feb 19, 2025
TPL$274.63-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets – December 31, 2024 and F-
| December 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $369,835 | $725,169 |
| Accounts receivable and accrued receivables, net | 126,670 | 128,971 |
| Prepaid expenses and other current assets | 5,318 | 2,944 |
| Tax like-kind exchange escrow | 1,546 | 5,380 |
| Total current assets | 503,369 | 862,464 |
| Royalty interests acquired, net | 432,401 | 46,609 |
| Real estate acquired | 143,178 | 130,024 |
| Property, plant and equipment, net | 122,578 | 89,587 |
| Intangible assets, net | 35,188 | 21,025 |
| Real estate and royalty interests assigned through the Declaration of Trust, no value assigned: | ||
| Land (surface rights) | — | — |
| 1/16th and 1/128th nonparticipating perpetual royalty interests | — | — |
| Operating lease right-of-use assets | 1,163 | 1,861 |
| Other assets | 10,143 | 4,828 |
| Total assets | $1,248,020 | $1,156,398 |
| LIABILITIES AND EQUITY | ||
| Accounts payable and accrued expenses | $26,958 | $22,501 |
| Ad valorem and other taxes payable | 8,418 | 10,761 |
| Income taxes payable | 4,388 | 4,795 |
| Unearned revenue | 6,797 | 6,330 |
| Total current liabilities | 46,561 | 44,387 |
| Deferred taxes payable | 47,401 | 42,365 |
| Unearned revenue - noncurrent | 20,636 | 25,006 |
| Operating lease liabilities | 453 | 1,170 |
| Accrued liabilities - noncurrent | 504 | 274 |
| Total liabilities | 115,555 | 113,202 |
| Commitments and contingencies (Note 13) | — | — |
| Equity: | ||
| Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of December 31, 2024 and 2023 | — | — |
| Common stock, $0.01 par value; 46,536,936 shares authorized as of December 31, 2024 and 2023, 22,971,803 and 23,007,681 outstanding as of December 31, 2024 and 2023, respectively | 231 | 78 |
| Treasury stock, at cost; 114,273 and 86,929 shares as of December 31, 2024 and 2023, respectively | (168,843) | (144,998) |
| Additional paid-in capital | 19,900 | 14,613 |
| Accumulated other comprehensive income | 3,583 | 1,831 |
| Retained earnings | 1,277,594 | 1,171,672 |
| Total equity | 1,132,465 | 1,043,196 |
| Total liabilities and equity | $1,248,020 | $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.