Texas Pacific Land Corporation (TPL) quarterly balance sheet — complete assets, liabilities & equity history
Texas Pacific Land Corporation (TPL) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 553.38M | 428.44M | 435.08M | 319.32M | 737.17M | 667.5M | 606.92M | 503.37M | 708.97M | 1.02B | 963.83M | 862.46M | 790.86M | 737.53M | 711.01M | 633.4M | 589.19M | 523.94M | 618.84M | 526.51M |
| Cash & Short-Term Investments | 369.56M | 248.61M | 247.57M | 144.81M | 531.81M | 543.93M | 460.38M | 369.83M | 533.91M | 894.7M | 837.1M | 725.17M | 654.16M | 609.25M | 590.62M | 510.83M | 446.59M | 389.79M | 507.36M | 428.24M |
| Cash Only | 369.56M | 248.61M | 247.57M | 144.81M | 531.81M | 543.93M | 460.38M | 369.83M | 533.91M | 894.7M | 837.1M | 725.17M | 654.16M | 609.25M | 590.62M | 510.83M | 446.59M | 389.79M | 507.36M | 428.24M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 169.54M | 174.77M | 181.05M | 164.91M | 127.79M | 114.31M | 138.25M | 126.67M | 122.63M | 119.1M | 121.81M | 128.97M | 126.22M | 120.77M | 106.04M | 103.98M | 139.66M | 132.41M | 108.95M | 95.22M |
| Days Sales Outstanding | 57.93 | 65.8 | 65.74 | 63.63 | 54.84 | 61.28 | 60.83 | 61.73 | 64.07 | 63.61 | 65.52 | 70.44 | 71.92 | 64.26 | 64.57 | 73.39 | 65.49 | 62.3 | 62.36 | 55.67 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 130.02M | 130.02M | 109.7M | 109.7M | 109.08M | 109.08M | 109.08M | 109.07M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | 985.6 | 769.23 | 1.09K | 1.32K | 977.66 | 1.23K | 1.42K | 1.35K |
| Other Current Assets | 0 | 0 | 6.46M | 9.61M | 77.58M | 9.26M | 8.29M | 6.86M | 48.43M | 0 | 0 | 8.32M | -119.54M | -122.52M | -95.36M | -95.93M | -109.08M | -109.08M | -109.08M | -106.02M |
| Total Non-Current Assets | 1.43B | 1.43B | 1.32B | 1.3B | 787.74M | 737.16M | 746.37M | 744.65M | 466.6M | 298.11M | 295.34M | 293.93M | 288.46M | 263.79M | 244.25M | 244.03M | 239.79M | 240.77M | 237.73M | 237.55M |
| Property, Plant & Equipment | 1.31B | 196.01M | 180.16M | 178.22M | 557.49M | 544M | 557.13M | 556.14M | 283.14M | 141.09M | 138.35M | 138.06M | 133.81M | 130.24M | 130.91M | 133.03M | 126.89M | 129.03M | 125.79M | 125.94M |
| Fixed Asset Turnover | 0.36x | 1.31x | 1.32x | 0.58x | 0.37x | 0.34x | 0.35x | 0.44x | 0.82x | 1.23x | 1.26x | 1.23x | 1.20x | 1.23x | 1.11x | 1.18x | 1.49x | 1.38x | 1.17x | 1.17x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 31.09M | 852.05M | 32.26M | 32.85M | 33.43M | 34.02M | 34.6M | 35.19M | 35.77M | 20.46M | 20.74M | 21.02M | 21.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 50M | 50M | 1.06B | 1.07B | 405.92M | 416.05M | 428.66M | 432.4M | 164.03M | 45.58M | 46.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 43.71M | 332.98M | 43.37M | 23.74M | -209.09M | -256.9M | -274.02M | -279.08M | -16.34M | 90.97M | 90.09M | 134.85M | 133.34M | 133.55M | 113.33M | 111M | 112.9M | 111.75M | 111.94M | 111.61M |
| Total Assets | 1.99B | 1.86B | 1.75B | 1.62B | 1.52B | 1.4B | 1.35B | 1.25B | 1.18B | 1.32B | 1.26B | 1.16B | 1.08B | 1B | 955.25M | 877.43M | 828.97M | 764.71M | 856.57M | 764.06M |
| Asset Turnover | 0.14x | 0.14x | 0.14x | 0.13x | 0.14x | 0.14x | 0.15x | 0.15x | 0.14x | 0.13x | 0.14x | 0.15x | 0.15x | 0.16x | 0.16x | 0.18x | 0.24x | 0.22x | 0.18x | 0.20x |
| Asset Growth % | 30.37% | 32.38% | 29.42% | 30.07% | 29.72% | 6.75% | 7.47% | 7.92% | 8.92% | 31.41% | 31.82% | 31.79% | 30.2% | 30.94% | 11.52% | 14.84% | 19.17% | 20.65% | 39.55% | 33.66% |
| Total Current Liabilities | 102.31M | 94.13M | 102.92M | 72.6M | 75.63M | 57.34M | 86.15M | 60.4M | 71.26M | 59.3M | 86.82M | 63.06M | 66.93M | 65.3M | 76.65M | 56.81M | 60.42M | 73.13M | 82.92M | 67.54M |
| Accounts Payable | 41.94M | 40.77M | 40.54M | 48.49M | 38.55M | 26.99M | 25.07M | 26.96M | 40.56M | 31.66M | 23.32M | 22.5M | 29.03M | 27.16M | 27.26M | 23.44M | 30.73M | 29.28M | 12.64M | 17.91M |
| Days Payables Outstanding | 103.81 | 131.16 | 141.42 | 101.48 | 96.04 | 106.94 | 101.5 | 152.25 | 283.18 | 132.24 | 145.78 | 183.09 | 212.94 | 174.62 | 251.77 | 326.75 | 268.92 | 235.67 | 199.01 | 222.46 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 17.71M | 18.99M | 22.17M | 0 | 19.66M | 21.22M | 20.31M | 20.64M | 20.63M | 21.09M | 22.72M | 25.01M | 25.66M | 26.64M | 22.39M | 21.71M | 21.43M | 21.2M | 20.3M | 20.45M |
| Other Current Liabilities | 42.67M | 0 | 478K | 23.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 5.41x | 4.55x | 4.23x | 4.40x | 9.75x | 11.64x | 7.05x | 8.33x | 9.95x | 17.16x | 11.10x | 13.68x | 11.82x | 11.29x | 9.28x | 11.15x | 9.75x | 7.16x | 7.46x | 7.80x |
| Quick Ratio | 5.41x | 4.55x | 4.23x | 4.40x | 9.75x | 11.64x | 7.05x | 8.33x | 9.95x | 17.16x | 11.10x | 13.68x | 9.87x | 9.30x | 7.84x | 9.22x | 7.95x | 5.67x | 6.15x | 6.18x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | 844.58 | 658.87 | 902.22 | 1.07K | 774.22 | 1.05K | 1.28K | 1.18K |
| Total Non-Current Liabilities | 83.63M | 92.95M | 92.58M | 91.77M | 81.32M | 58.38M | 60.89M | 55.16M | 52.17M | 50.07M | 49.9M | 50.14M | 47.83M | 48.47M | 49.55M | 47.73M | 47.38M | 46.3M | 45.77M | 44.81M |
| Long-Term Debt | 0 | 0 | 0 | 16.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 15.23M | 15.51M | 15.84M | 16.18M | 16.51M | 0 | 0 | 453K | 0 | 0 | 0 | 1.17M | 0 | 0 | 0 | 1.96M | 0 | 0 | 0 | 1.45M |
| Deferred Tax Liabilities | 49.74M | 59.3M | 57.69M | 69.9M | 52.51M | 48.73M | 48.19M | 47.4M | 44.53M | 43.12M | 42.03M | 42.37M | 40.12M | 40.48M | 40.84M | 41.15M | 38.11M | 37.99M | 38.54M | 38.95M |
| Other Non-Current Liabilities | 135K | 104K | 74K | -51.66M | 372K | 646K | 678K | 504K | 953K | 887K | 1.1M | 274K | 1.61M | 1.77M | 1.92M | 131K | 4.66M | 3.16M | 2.57M | 611K |
| Total Liabilities | 185.94M | 187.08M | 195.51M | 164.37M | 156.95M | 115.72M | 147.03M | 115.56M | 123.44M | 109.37M | 136.72M | 113.2M | 114.76M | 113.77M | 126.2M | 104.54M | 107.8M | 119.43M | 128.69M | 112.35M |
| Total Debt | 15.23M | 15.51M | 15.84M | 32.35M | 16.51M | 0 | 0 | 453K | 0 | 0 | 0 | 1.17M | 0 | 0 | 0 | 1.96M | 0 | 0 | 0 | 1.45M |
| Net Debt | -354.33M | -233.1M | -231.73M | -112.46M | -515.3M | -543.93M | -460.38M | -369.38M | -533.91M | -894.7M | -837.1M | -724M | -654.16M | -609.25M | -590.62M | -508.88M | -446.59M | -389.79M | -507.36M | -426.8M |
| Debt / Equity | 0.01x | 0.01x | 0.01x | 0.02x | 0.01x | - | - | 0.00x | - | - | - | 0.00x | - | - | - | 0.00x | - | - | - | 0.00x |
| Debt / EBITDA | 0.07x | 0.07x | 0.08x | 0.19x | 0.10x | - | - | 0.00x | - | - | - | 0.01x | - | - | - | 0.02x | - | - | - | 0.01x |
| Net Debt / EBITDA | -1.54x | -1.12x | -1.18x | -0.66x | -3.14x | -3.45x | -2.84x | -2.40x | -4.01x | -6.52x | -5.98x | -5.26x | -5.01x | -4.91x | -5.45x | -3.99x | -2.69x | -2.50x | -3.95x | -3.27x |
| Interest Coverage | 215.47x | 200.07x | 186.04x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 1.8B | 1.67B | 1.56B | 1.46B | 1.37B | 1.29B | 1.21B | 1.13B | 1.05B | 1.21B | 1.12B | 1.04B | 964.56M | 887.55M | 829.05M | 772.89M | 721.17M | 645.28M | 727.88M | 651.71M |
| Equity Growth % | 31.74% | 29.75% | 28.99% | 28.83% | 30.02% | 6.84% | 7.47% | 8.56% | 9.08% | 35.93% | 35.39% | 34.97% | 33.75% | 37.54% | 13.9% | 18.59% | 19.99% | 17.93% | 41.63% | 34.32% |
| Book Value per Share | 26.10 | 24.23 | 22.55 | 21.14 | 19.82 | 18.67 | 17.48 | 16.40 | 15.24 | 17.47 | 16.25 | 15.10 | 13.95 | 12.82 | 11.97 | 11.15 | 10.38 | 9.27 | 10.45 | 9.35 |
| Total Shareholders' Equity | 1.8B | 1.67B | 1.56B | 1.46B | 1.37B | 1.29B | 1.21B | 1.13B | 1.05B | 1.21B | 1.12B | 1.04B | 964.56M | 887.55M | 829.05M | 772.89M | 721.17M | 645.28M | 727.88M | 651.71M |
| Common Stock | 691K | 691K | 691K | 691K | 231K | 231K | 231K | 231K | 231K | 231K | 231K | 78K | 78K | 78K | 78K | 78K | 78K | 78K | 78K | 78K |
| Retained Earnings | 1.92B | 1.79B | 1.68B | 1.6B | 1.51B | 1.42B | 1.35B | 1.28B | 1.2B | 1.35B | 1.26B | 1.17B | 1.08B | 1B | 927.54M | 866.14M | 789.52M | 682.85M | 741.91M | 668.03M |
| Treasury Stock | -132.67M | -132.67M | -132.91M | -151.24M | -151.24M | -144.73M | -144.85M | -168.84M | -162.42M | -158.3M | -151.95M | -145M | -133.85M | -128.5M | -108.79M | -104.14M | -72.93M | -40.01M | -14.62M | -15.42M |
| Accumulated OCI | 3.07M | 3.43M | 3.79M | 4.15M | 3.46M | 3.5M | 3.54M | 3.58M | 1.77M | 1.79M | 1.81M | 1.83M | 2.44M | 2.46M | 2.49M | 2.52M | -983K | -991K | -999K | -1.01M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |