Texas Pacific Land Corp
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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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.
Jun 30, 2025 · Filed Aug 6, 2025
TPL$274.63-1.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Six Months EndedJune 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $236,792 | $229,006 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 25,640 | 7,933 |
| Share-based compensation | 7,882 | 6,054 |
| Deferred taxes | 1,329 | 756 |
| Changes in operating assets and liabilities: | ||
| Operating assets, excluding income taxes | 8,154 | 10,016 |
| Operating liabilities, excluding income taxes | (1,964) | (4,328) |
| Income taxes payable | (207) | (3,904) |
| Cash provided by operating activities | 277,626 | 245,533 |
| Cash flows from investing activities: | ||
| Purchase of fixed assets | (12,277) | (8,622) |
| Acquisition of real estate | (4,505) | (1,026) |
| Acquisition of royalty interests, net of post-close adjustments | (3,546) | — |
| Post-close adjustment from seller related to prior year acquisition | 3,878 | — |
| Cash used in investing activities | (16,450) | (9,648) |
| Cash flows from financing activities: | ||
| Dividends paid | (74,216) | (53,801) |
| Shares exchanged for tax withholdings | (14,311) | (1,207) |
| Cash settlement of common stock repurchases | (100) | (16,722) |
| Cash used in financing activities | (88,627) | (71,730) |
| Net increase in cash, cash equivalents and restricted cash | 172,549 | 164,155 |
| Cash, cash equivalents and restricted cash, beginning of period | 371,381 | 730,549 |
| Cash, cash equivalents and restricted cash, end of period | $543,930 | $894,704 |
| Supplemental disclosure of cash flow information: | ||
| Income taxes paid | $65,450 | $66,557 |
| Supplemental non-cash investing and financing information: | ||
| Increase in accounts payable related to capital expenditures | $1,439 | $3,539 |
| (Decrease) increase in accrued dividends on unvested stock awards | $(411) | $43 |
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