Texas Pacific Land (TPL) FY2024 results: revenue $706 million, up 11.8% on the year
Texas Pacific Land Corp. (TPL) reported revenue of $706 million for fiscal 2024, the year ended 31 December 2024, up 11.8% on the year before. Net income was $454 million, up 11.9%, and diluted earnings per share $6.57. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.
Revenue
$706 million
+11.8% on the year
FY2018FY2024
Operating margin
76.4%
77.0% a year earlier
FY2018FY2024
Net income
$454 million
+11.9% on the year
FY2018FY2024
Diluted EPS
$6.57
+12.1% on the year
FY2018FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
491
418
447
+17.3%
Capital expenditure
n/a
n/a
19.0
Free cash flow
n/a
n/a
428
Free cash flow margin
n/a
n/a
64.2%
Cash from investing
-472
-60.3
-21.4
Cash from financing
-378
-145
-337
Depreciation and amortisation
25.2
14.8
15.4
+70.5%
Share-based compensation
12.5
10.3
8.4
+20.8%
Buybacks
29.2
42.6
87.8
-31.5%
Dividends paid
347
100.0
247
+247.4%
Dividend per share
n/a
$0.48
n/a
Diluted shares, weighted
69m
69m
70m
-0.2%
Shares outstanding at period end
69m
69m
69m
-0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,132
1,043
773
+8.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
0.5
1.2
2.0
-61.3%
Other liabilities
115
112
103
+2.7%
Total liabilities and equity
1,248
1,156
877
+7.9%
Fixed assets
123
89.6
85.5
+36.8%
Intangible assets
35.2
21.0
0.0
+67.4%
Cash and equivalents
370
725
511
-49.0%
Other assets
720
321
281
+124.7%
Total assets
1,248
1,156
877
+7.9%
10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.