Texas Pacific Land Corp. Files Q2 2024 10-Q

Ticker: TPL · Form: 10-Q · Filed: 2024-08-07T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, oil-and-gas

TL;DR

TPL's Q2 10-Q is in - check financials and land/royalty updates.

AI Summary

Texas Pacific Land Corp. filed its 10-Q for the period ending June 30, 2024. The company's financial performance and operational details for the second quarter of 2024 are presented. Key financial metrics and operational data related to land and royalty interests are disclosed.

Why It Matters

This filing provides investors with an update on Texas Pacific Land Corp.'s financial health and operational performance, crucial for understanding its current market position and future prospects.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the nature of oil and gas royalties can introduce volatility.

Key Numbers

1700 PACIFIC AVENUE — Business Address (Company headquarters location)
75201 — ZIP Code (Company business address ZIP code)

Key Players & Entities

Texas Pacific Land Corp. (company) — Filer of the 10-Q
20240630 (date) — End of the reporting period
20240807 (date) — Filing date

FAQ

What were the total royalty interests in acres as of June 30, 2024?

The filing indicates royalty interests in acres for TPL, but specific total figures for June 30, 2024, are not explicitly stated in the provided snippet.

What is the company's fiscal year end?

The company's fiscal year ends on December 31.

When was this 10-Q form filed?

This 10-Q form was filed on August 7, 2024.

What is the SEC file number for Texas Pacific Land Corp?

The SEC file number is 001-39804.

What is the Standard Industrial Classification for Texas Pacific Land Corp?

The SIC code is 6792 for OIL ROYALTY TRADERS.

From the Filing

0001811074-24-000049.txt : 20240807 0001811074-24-000049.hdr.sgml : 20240807 20240807161931 ACCESSION NUMBER: 0001811074-24-000049 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 77 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240807 DATE AS OF CHANGE: 20240807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Texas Pacific Land Corp CENTRAL INDEX KEY: 0001811074 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 750279735 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39804 FILM NUMBER: 241184107 BUSINESS ADDRESS: STREET 1: 1700 PACIFIC AVENUE STREET 2: SUITE 2900 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-969-5530 MAIL ADDRESS: STREET 1: 1700 PACIFIC AVENUE STREET 2: SUITE 2900 CITY: DALLAS STATE: TX ZIP: 75201 10-Q 1 tpl-20240630.htm 10-Q tpl-20240630 0001811074 --12-31 2024 Q2 false 0.0625 0.0625 0.0078125 0.0078125 0.0625 0.0078125 0.125 0.0625 0.0625 0.0078125 0.0078125 .33 .33 .33 212 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure utr:acre tpl:segment utr:Boe tpl:well 0001811074 2024-01-01 2024-06-30 0001811074 2024-07-31 0001811074 2024-06-30 0001811074 2023-12-31 0001811074 tpl:LandSurfaceRightsMember 2024-06-30 0001811074 tpl:LandSurfaceRightsMember 2023-12-31 0001811074 tpl:RoyaltyInterestsInAcres116Member 2024-06-30 0001811074 tpl:RoyaltyInterestsInAcres116Member 2023-12-31 0001811074 tpl:RoyaltyInterestsInAcres128Member 2024-06-30 0001811074 tpl:RoyaltyInterestsInAcres128Member 2023-12-31 0001811074 srt:ScenarioPreviouslyReportedMember 2023-12-31 0001811074 tpl:RoyaltyInterestsInAcres116Member 2024-01-01 2024-06-30 0001811074 tpl:RoyaltyInterestsInAcres116Member 2024-01-01 2024-03-31 0001811074 tpl:RoyaltyInterestsInAcres128Member 2024-01-01 2024-06-30 0001811074 tpl:RoyaltyInterestsInAcres128Member 2024-01-01 2024-03-31 0001811074 tpl:OilAndGasRoyaltiesMember 2024-04-01 2024-06-30 0001811074 tpl:OilAndGasRoyaltiesMember 2023-04-01 2023-06-30 0001811074 tpl:OilAndGasRoyaltiesMember 2024-01-01 2024-06-30 0001811074 tpl:OilAndGasRoyaltiesMember 2023-01-01 2023-06-30 0001811074 tpl:WaterSalesAndRoyaltiesMember 2024-04-01 2024-06-30 0001811074 tpl:WaterSalesAndRoyaltiesMember 2023-04-01 2023-06-30 0001811074 tpl:WaterSalesAndRoyaltiesMember 2024-01-01 2024-06-30 0001811074 tpl:WaterSalesAndRoyaltiesMember 2023-01-01 2023-06-30 0001811074 tpl:ProducedWaterRoyaltiesMember 2024-04-01 2024-06-30 0001811074 tpl:ProducedWaterRoyaltiesMember 2023-04-01 2023-06-30 0001811074 tpl:ProducedWaterRoyaltiesMember 2024-01-01 2024-06-30 0001811074 tpl:ProducedWaterRoyaltiesMember 2023-01-01 2023-06-30 0001811074 tpl:EasementandSundryMember 2024-04-01 2024-06-30 0001811074 tpl:EasementandSundryMember 2023-04-01 2023-06-30 0001811074 tpl:EasementandSundryMember 2024-01-01 2024-06-30 0001811074 tpl:EasementandSundryMember 2023-01-01 2023-06-30 0001811074 tpl:LandSalesMember 2024-04-01 2024-06-30 0001811074 tpl:LandSalesMember 2023-04-01 2023-06-30 0001811074 tpl:LandSalesMember 2024-01-01 2024-06-30 0001811074 tpl:LandSalesMember 2023-01-01 2023-06-30 0001811074 2024-04-01 2024-06-30 0001811074 2023-04-01 2023-06-30 0001811074 2023-01-01 2023-06-30 0001811074 2022-12-31 0001811074 2023-06-30 0001811074 tpl:WestTexasMember 2024-06-30 0001811074 tpl:A1128thNonparticipatingPerpetualOilAndGasRoyaltyInterestMember tpl:WestTexasMember 2024-06-30 0001811074 tpl:A116thNonparticipatingPerpetualOilAndGasRoyaltyInterestMember tpl:WestTexasMember 2024-06-30 0001811074 tpl:WestTexasMember tpl:A18thNetRoyaltyAcresMember 2024-06-30 0001811074 tpl:NetRoyaltyAcresMember tpl:WestTexasMember 2024-06-30 0001811074 2024-03-01 0001811074 2024-03-26 2024-03-26 0001811074 2024-03-26 0001811074 tpl:A18thNetRoyaltyAcresMember 2024-01-01 2024-06-30 0001811074 stpr:TX tpl:LandAcquisitionsMember 2024-01-01 2024-06-30 0001811074 stpr:TX tpl:LandAcquisitionsMember 2023-01-01 2023-06-30