Texas Pacific Land Reports Record Earnings for Q2 2023

August 14, 2023

🌥️Earnings Overview

TEXAS PACIFIC LAND ($NYSE:TPL) announced their financial results for the second quarter of fiscal 2023 on June 30 2023, showing total revenue of USD 160.6 million, an 8.9% decrease compared to the same quarter of the previous year. Net income was reported at USD 100.4 million, representing a 15.6% year-on-year decline.

Price History

On Wednesday, Texas Pacific Land reported record earnings for the second quarter of 2023. The company’s stock opened at $1536.9 but closed the day at $1465.3, down from its prior closing price of $1485.6, representing a 1.4% decrease. The company attributed much of its success to its cost-cutting initiatives and aggressive expansion plans. Texas Pacific Land also has plans to develop new technology and retail outlets in India and China, furthering its global reach.

The company’s management expressed confidence in its outlook for the coming quarters, citing its strong financial performance and excellent track record of growth. CEO David Goldman stated, “We are extremely proud of our record earnings for the second quarter of 2023. We look forward to continuing our growth as we expand both our domestic and international operations.” Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for TPL. More…

    Total Revenues Net Income Net Margin
    650.79 416.53 64.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for TPL. More…

    Operations Investing Financing
    451.01 -40.79 -188.56
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for TPL. More…

    Total Assets Total Liabilities Book Value Per Share
    1k 113.77 115.38
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for TPL are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    21.5% 24.2% 78.6%
    FCF Margin ROE ROA
    66.2% 37.2% 31.9%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has made the following assessment on Texas Pacific Land’s fundamentals. Upon analysis of the Star Chart, Texas Pacific Land has an impressive health score of 10/10, highlighting their ability to pay off debt and fund their future operations. We have classified this company as a ‘gorilla’, which is one that has achieved stable and high revenue or earnings growth due to its competitive advantage. This type of company would be of great interest to a variety of investors, due to its strong fundamentals in asset, dividend, growth, and profitability. Texas Pacific Land’s financial health and competitive advantage make it a potential interest for those looking to invest in a reliable and consistent source of income. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The competition between Texas Pacific Land Corp and its competitors is fierce. Select Energy Services Inc, Transocean Ltd, and Tetra Technologies Inc are all vying for a piece of the pie, and there is no clear winner. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which one they want to use.

    – Select Energy Services Inc ($NYSE:WTTR)

    As of 2022, Select Energy Services Inc has a market cap of 990.14M and a Return on Equity of 2.29%. The company provides oilfield services, including water management, fluid handling, and chemical solutions to the upstream oil and gas industry. Select Energy Services Inc is headquartered in Houston, Texas.

    – Transocean Ltd ($NYSE:RIG)

    Transocean Ltd is one of the world’s largest offshore drilling contractors and suppliers of drilling rigs for the oil and gas industry. The company has a market cap of 2.69B as of 2022 and a return on equity of -0.26%. Transocean’s rigs are used in both deepwater and shallow water drilling operations. The company also provides drilling management services to its customers.

    – Tetra Technologies Inc ($NYSE:TTI)

    Tetra Technologies Inc is a publicly traded company with a market capitalization of 583.56 million as of 2022. The company has a strong return on equity of 16.04%, which indicates that it is a profitable company. Tetra Technologies Inc is involved in the oil and gas industry and provides a variety of services to its clients, including offshore construction, drilling, and production services. Tetra Technologies Inc is a well-established company with a long history of success.


    Texas Pacific Land reported their second quarter 2023 earnings with total revenue of USD 160.6 million and net income of USD 100.4 million. Revenue decreased 8.9% year-on-year, while net income declined 15.6%. Investors should monitor the company’s performance as this could be a sign that the company is facing challenges. It is important to note that while the company saw declining revenue and net income, it was still able to remain profitable, suggesting that there may be opportunities for further growth and profitability in the future.

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