Texas Pacific Land Corp Q1 2025 10-Q Filed

Ticker: TPL · Form: 10-Q · Filed: 2025-05-07T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, oil-and-gas, land-management, royalties

TL;DR

TPL Q1 2025 10-Q is in. Land and royalty numbers updated. Check it.

AI Summary

Texas Pacific Land Corp filed its 10-Q for the period ending March 31, 2025. The company reported significant land holdings and royalty interests, with specific figures for "Royalty Interests in Acres 1/16 and 1/128" and "Oil and Gas Royalties" for the first quarter of 2025 compared to the same period in 2024. The filing also details "Water Sales and Royalties" for the same periods.

Why It Matters

This filing provides investors with an update on Texas Pacific Land Corp's financial performance and operational metrics for the first quarter of 2025, crucial for understanding its revenue streams from land and royalty interests.

Risk Assessment

Risk Level: medium — The company's performance is tied to commodity prices and land use, which can be volatile.

Key Numbers

N/A — Oil and Gas Royalties (Q1 2025) (Specific dollar amount not provided in the header data.)
N/A — Water Sales and Royalties (Q1 2025) (Specific dollar amount not provided in the header data.)
N/A — Land Surface Rights (as of 2025-03-31) (Specific acreage not provided in the header data.)

Key Players & Entities

Texas Pacific Land Corp (company) — Filer of the 10-Q
0001811074-25-000060 (other) — Accession Number for the filing
20250331 (date) — Conformed Period of Report
20250507 (date) — Filing Date
1700 PACIFIC AVENUE SUITE 2900 DALLAS TX 75201 (address) — Company Business and Mail Address

FAQ

What were the total Oil and Gas Royalties for the first quarter of 2025?

The filing header data indicates a comparison period for 'OilAndGasRoyaltiesMember' for 2025-01-01 to 2025-03-31 against 2024-01-01 to 2024-03-31, but the specific dollar amounts are not present in this header.

What were the Water Sales and Royalties for the first quarter of 2025?

The filing header data indicates a comparison period for 'WaterSalesAndRoyaltiesMember' for 2025-01-01 to 2025-03-31 against 2024-01-01 to 2024-03-31, but the specific dollar amounts are not present in this header.

How many acres of Land Surface Rights did Texas Pacific Land Corp hold as of March 31, 2025?

The filing header data indicates 'LandSurfaceRightsMember' for 2025-03-31 and 2024-12-31, but the specific acreage is not detailed in this header.

What was the company's reported net income for the first quarter of 2025?

The provided header data for the 10-Q filing does not contain specific financial statement line items such as net income.

Did Texas Pacific Land Corp issue any new debt during the first quarter of 2025?

Information regarding new debt issuance is not available in the provided header data of the 10-Q filing.

From the Filing

0001811074-25-000060.txt : 20250507 0001811074-25-000060.hdr.sgml : 20250507 20250507161815 ACCESSION NUMBER: 0001811074-25-000060 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 84 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250507 DATE AS OF CHANGE: 20250507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Texas Pacific Land Corp CENTRAL INDEX KEY: 0001811074 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] ORGANIZATION NAME: 01 Energy & Transportation EIN: 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: 25921663 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-20250331.htm 10-Q tpl-20250331 0001811074 --12-31 2025 Q1 false 0.0625 0.0625 0.0078125 0.0078125 0.0625 0.0078125 0.125 0.0625 0.0625 0.0078125 .33 .33 .33 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure utr:acre tpl:segment utr:Boe 0001811074 2025-01-01 2025-03-31 0001811074 2025-04-30 0001811074 2025-03-31 0001811074 2024-12-31 0001811074 tpl:LandSurfaceRightsMember 2025-03-31 0001811074 tpl:LandSurfaceRightsMember 2024-12-31 0001811074 tpl:RoyaltyInterestsInAcres1_16And1_128Member 2025-03-31 0001811074 tpl:RoyaltyInterestsInAcres1_16And1_128Member 2024-12-31 0001811074 tpl:RoyaltyInterestsInAcres116Member 2025-01-01 2025-03-31 0001811074 tpl:RoyaltyInterestsInAcres116Member 2024-01-01 2024-12-31 0001811074 tpl:RoyaltyInterestsInAcres128Member 2025-01-01 2025-03-31 0001811074 tpl:RoyaltyInterestsInAcres128Member 2024-01-01 2024-12-31 0001811074 tpl:OilAndGasRoyaltiesMember 2025-01-01 2025-03-31 0001811074 tpl:OilAndGasRoyaltiesMember 2024-01-01 2024-03-31 0001811074 tpl:WaterSalesAndRoyaltiesMember 2025-01-01 2025-03-31 0001811074 tpl:WaterSalesAndRoyaltiesMember 2024-01-01 2024-03-31 0001811074 tpl:ProducedWaterRoyaltiesMember 2025-01-01 2025-03-31 0001811074 tpl:ProducedWaterRoyaltiesMember 2024-01-01 2024-03-31 0001811074 tpl:EasementandSundryMember 2025-01-01 2025-03-31 0001811074 tpl:EasementandSundryMember 2024-01-01 2024-03-31 0001811074 tpl:LandSalesMember 2025-01-01 2025-03-31 0001811074 tpl:LandSalesMember 2024-01-01 2024-03-31 0001811074 2024-01-01 2024-03-31 0001811074 2023-12-31 0001811074 2024-03-31 0001811074 tpl:WestTexasMember 2025-03-31 0001811074 tpl:WestTexasMember tpl:A1128thNonparticipatingPerpetualOilAndGasRoyaltyInterestMember 2025-03-31 0001811074 tpl:WestTexasMember tpl:A116thNonparticipatingPerpetualOilAndGasRoyaltyInterestMember 2025-03-31 0001811074 tpl:WestTexasMember tpl:NetRoyaltyAcresMember 2025-03-31 0001811074 tpl:RoyaltyInterestsInAcres1_16And1_128Member 2025-01-01 2025-03-31 0001811074 tpl:A18thNetRoyaltyAcresMember 2025-01-01 2025-03-31 0001811074 tpl:AcquiredAssetsMember stpr:TX tpl:LandAcquisitionsMember 2024-08-20 0001811074 tpl:AcquiredAssetsMember 2024-08-20 2024-08-20 0001811074 tpl:AcquiredAssetsMember 2024-08-20 0001811074 tpl:AcquiredAssetsMember 2025-03-31 0001811074 tpl:AcquiredAssetsMember 2025-01-01 2025-03-31 0001811074 tpl:RoyaltyInterestsInAcres128Member 2025-03-31 0001811074 tpl:RoyaltyInterestsInAcres128Member 2024-12-31 0001811074 tpl:RoyaltyInterestsMember 2025-03-31 0001811074 tpl:RoyaltyInterestsMember 2024-12-31 0001811074 tpl:AdditionalRealEstateAcquisitionsMember 2025-03-31 0001811074 tpl:AdditionalRealEstateAcquisitionsMember 2025-01-01 2025-03-31 0001811074 tpl:AdditionalRealEstateAcquisitionsMember 2024-01-01 2024-03-31 0001811074 tpl:RoyaltyInterestsInAcres1_16And1_128Member 2024-01-01 2024-12-31 0001811074 stpr:TX tpl:LandSalesMember 2024-01-01 2024-03-31 0001811074 tpl:WaterServicerelatedAssetsMember 2025-03-31 0001811074 tpl:WaterServicerelatedAssetsMember 2024-12-31 0001811074 us-gaap:FurnitureAndFixturesMember 2025-03-31 0001811074 us-gaap:FurnitureAndFixturesMembe