Texas Pacific Land Corp. Files Q3 2024 10-Q

Ticker: TPL · Form: 10-Q · Filed: 2024-11-06T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, oil-royalty, financials

TL;DR

TPL's Q3 2024 10-Q is in - check financials for oil royalty performance.

AI Summary

Texas Pacific Land Corp. filed its 10-Q for the period ending September 30, 2024. The company's fiscal year ends on December 31st. Key financial data and operational metrics for the third quarter of 2024 are detailed within this report.

Why It Matters

This filing provides investors with an update on Texas Pacific Land Corp.'s financial performance and operational status for the third quarter of 2024, crucial for understanding the company's trajectory in the oil and gas sector.

Risk Assessment

Risk Level: medium — The company operates in the volatile oil and gas industry, which is subject to significant price fluctuations and regulatory changes.

Key Numbers

0.0625 — Dividend per share (Indicates dividend payments made by the company.)
116 — Royalty Interests in Acres (Represents the total acres of royalty interests held by the company as of September 30, 2024.)
128 — Royalty Interests in Acres (Represents another category of royalty interests held by the company as of September 30, 2024.)

Key Players & Entities

Texas Pacific Land Corp. (company) — Filer of the 10-Q
2024-09-30 (date) — End of the reporting period
2024-11-06 (date) — Filing date
1700 PACIFIC AVENUE, SUITE 2900, DALLAS, TX 75201 (address) — Company's business and mailing address

FAQ

What is the total acreage of royalty interests reported as of September 30, 2024?

As of September 30, 2024, Texas Pacific Land Corp. reported 116 and 128 acres in two different categories of royalty interests.

When was this 10-Q filing submitted to the SEC?

This 10-Q filing was submitted to the SEC on November 6, 2024.

What is the fiscal year-end for Texas Pacific Land Corp.?

The fiscal year-end for Texas Pacific Land Corp. is December 31st.

What is the reported dividend per share?

The filing indicates a dividend per share of 0.0625.

What is the company's primary business classification?

The company is classified under 'OIL ROYALTY TRADERS' with SIC code 6792.

From the Filing

0001811074-24-000061.txt : 20241106 0001811074-24-000061.hdr.sgml : 20241106 20241106162520 ACCESSION NUMBER: 0001811074-24-000061 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 80 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241106 DATE AS OF CHANGE: 20241106 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: 241431428 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-20240930.htm 10-Q tpl-20240930 0001811074 --12-31 2024 Q3 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 Related Party Transactions xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure utr:acre tpl:segment utr:Boe tpl:well tpl:acquiredBusiness 0001811074 2024-01-01 2024-09-30 0001811074 2024-10-31 0001811074 2024-09-30 0001811074 2023-12-31 0001811074 tpl:LandSurfaceRightsMember 2024-09-30 0001811074 tpl:LandSurfaceRightsMember 2023-12-31 0001811074 tpl:RoyaltyInterestsInAcres116Member 2024-09-30 0001811074 tpl:RoyaltyInterestsInAcres116Member 2023-12-31 0001811074 tpl:RoyaltyInterestsInAcres128Member 2024-09-30 0001811074 tpl:RoyaltyInterestsInAcres128Member 2023-12-31 0001811074 srt:ScenarioPreviouslyReportedMember 2023-12-31 0001811074 tpl:RoyaltyInterestsInAcres116Member 2024-01-01 2024-09-30 0001811074 tpl:RoyaltyInterestsInAcres116Member 2023-01-01 2023-12-31 0001811074 tpl:RoyaltyInterestsInAcres128Member 2024-01-01 2024-09-30 0001811074 tpl:RoyaltyInterestsInAcres128Member 2023-01-01 2023-12-31 0001811074 tpl:OilAndGasRoyaltiesMember 2024-07-01 2024-09-30 0001811074 tpl:OilAndGasRoyaltiesMember 2023-07-01 2023-09-30 0001811074 tpl:OilAndGasRoyaltiesMember 2024-01-01 2024-09-30 0001811074 tpl:OilAndGasRoyaltiesMember 2023-01-01 2023-09-30 0001811074 tpl:WaterSalesAndRoyaltiesMember 2024-07-01 2024-09-30 0001811074 tpl:WaterSalesAndRoyaltiesMember 2023-07-01 2023-09-30 0001811074 tpl:WaterSalesAndRoyaltiesMember 2024-01-01 2024-09-30 0001811074 tpl:WaterSalesAndRoyaltiesMember 2023-01-01 2023-09-30 0001811074 tpl:ProducedWaterRoyaltiesMember 2024-07-01 2024-09-30 0001811074 tpl:ProducedWaterRoyaltiesMember 2023-07-01 2023-09-30 0001811074 tpl:ProducedWaterRoyaltiesMember 2024-01-01 2024-09-30 0001811074 tpl:ProducedWaterRoyaltiesMember 2023-01-01 2023-09-30 0001811074 tpl:EasementandSundryMember 2024-07-01 2024-09-30 0001811074 tpl:EasementandSundryMember 2023-07-01 2023-09-30 0001811074 tpl:EasementandSundryMember 2024-01-01 2024-09-30 0001811074 tpl:EasementandSundryMember 2023-01-01 2023-09-30 0001811074 tpl:LandSalesMember 2024-07-01 2024-09-30 0001811074 tpl:LandSalesMember 2023-07-01 2023-09-30 0001811074 tpl:LandSalesMember 2024-01-01 2024-09-30 0001811074 tpl:LandSalesMember 2023-01-01 2023-09-30 0001811074 2024-07-01 2024-09-30 0001811074 2023-07-01 2023-09-30 0001811074 2023-01-01 2023-09-30 0001811074 2022-12-31 0001811074 2023-09-30 0001811074 tpl:WestTexasMember 2024-09-30 0001811074 tpl:WestTexasMember tpl:A1128thNonparticipatingPerpetualOilAndGasRoyaltyInterestMember 2024-09-30 0001811074 tpl:WestTexasMember tpl:A116thNonparticipatingPerpetualOilAndGasRoyaltyInterestMember 2024-09-30 0001811074 tpl:WestTexasMember tpl:A18thNetRoyaltyAcresMember 2024-09-30 0001811074 tpl:WestTexasMember tpl:NetRoyaltyAcresMember 2024-09-30 0001811074 2024-03-01 0001811074 2024-03-26 2024-03-26 0001811074 2024-03-26 0001811074 tpl:A18thNetRoyaltyAcresMember 2024-01-01 2024-09-30 0001811074 tpl:AcquiredAssetsMember stpr:TX tpl:LandAcquisitionsMember 2024-08-20 0001811074