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Texas Pacific Land (TPL)

(Delayed Data from NYSE)

$595.67 USD

595.67
56,851

+3.65 (0.62%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $596.44 +0.77 (0.13%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value C Growth F Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 32% (81 out of 252)

Industry: Alternative Energy - Other

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Better trading starts here.

Balance Sheet

Research for TPL

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Texas Pacific Land Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 725 511 428 281 304
Receivables 129 104 95 48 63
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 0 0 0 0 0
Total Current Assets 854 615 523 329 367
Net Property & Equipment 0 0 0 0 0
Investments & Advances 220 195 189 188 195
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 21 0 0 0 0
Deposits & Other Assets 60 65 50 52 33
Total Assets 1,156 877 764 572 598
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 23 24 18 15 19
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 1 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 23 24 19 15 19
Mortgages 0 0 0 0 0
Deferred Taxes/Income 42 41 39 39 41
Convertible Debt 0 0 0 0 0
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 47 37 53 30 23
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 113 105 112 86 86
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 15 8 0 0 0
Retained Earnings 1,172 866 668 0 0
Other Equity 2 3 -1 485 512
Treasury Stock 145 104 15 0 0
Total Shareholder's Equity 1,043 773 652 485 512
Total Liabilities & Shareholder's Equity 1,156 877 764 572 598
Total Common Equity 1,043 773 652 485 512
Shares Outstanding 23.00 23.10 23.20 23.20 23.20
Book Value Per Share 45.36 33.46 28.09 20.91 22.08

Fiscal Year End for Texas Pacific Land Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 725 654 609 591
Receivables NA 129 126 121 106
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 0 0 0 0
Total Current Assets NA 854 780 730 697
Net Property & Equipment NA 0 0 0 0
Investments & Advances NA 220 217 214 196
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 21 20 0 0
Deposits & Other Assets NA 60 62 57 63
Total Assets NA 1,156 1,079 1,001 955
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 23 29 27 27
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 2 2 2
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 23 31 29 29
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 42 40 40 41
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 44 44 56
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 113 115 114 126
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 15 12 11 8
Retained Earnings NA 1,172 1,084 1,003 928
Other Equity NA 2 2 2 2
Treasury Stock NA 145 134 129 109
Total Shareholder's Equity NA 1,043 965 888 829
Total Liabilities & Shareholder's Equity NA 1,156 1,079 1,001 955
Total Common Equity 0 1,043 965 888 829
Shares Outstanding 23.00 23.00 23.00 23.00 23.00
Book Value Per Share 0.00 45.36 41.94 38.59 36.05