Texas Pacific Land Corporation (TPL) quarterly cash flow statement — complete operating, investing & financing history
Texas Pacific Land Corporation (TPL) cash flow statement — 30-year operating, investing & financing cash flows
| 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 |
|---|
| Cash from Operations | 192.39M | 172.86M | 162.01M | 113.67M | 154.61M | 120.9M | 156.73M | 126.58M | 118.56M | 98.29M | 147.24M | 111.43M | 107.59M | 84.49M | 114.78M | 132.5M | 119.24M | 87.67M | 107.73M | 90.65M |
| Operating CF Margin % | 70.37% | 70.25% | 68.41% | 53.73% | 76.13% | 64.47% | 79.97% | 68.13% | 68.31% | 57.03% | 84.55% | 66.86% | 68.11% | 52.61% | 78.42% | 86.77% | 62.39% | 49.74% | 73.12% | 61.59% |
| Operating CF Growth % | 24.44% | 42.98% | 3.37% | -10.19% | 30.4% | 23% | 6.44% | 13.59% | 10.19% | 16.33% | 28.29% | -15.9% | -9.77% | -3.63% | 6.53% | 46.17% | 52.83% | 98.79% | 105.65% | 98.85% |
| Net Income | 167.37M | 153.93M | 142.9M | 123.35M | 121.24M | 116.14M | 120.65M | 118.36M | 106.59M | 114.59M | 114.42M | 113.11M | 105.57M | 100.39M | 86.57M | 99.73M | 129.84M | 118.89M | 97.9M | 79.05M |
| Depreciation & Amortization | 22.83M | 16.64M | 14.04M | 21.93M | 14.96M | 13.7M | 11.94M | 11.47M | 5.76M | 4.09M | 3.84M | 3.88M | 3.58M | 3.89M | 3.4M | 3.15M | 3.92M | 4.18M | 4.13M | 4.7M |
| Stock-Based Compensation | 4.17M | 4.39M | 5.06M | 3.76M | 3.49M | 3.48M | 4.4M | 3.51M | 2.94M | 2.7M | 3.35M | 2.23M | 2.79M | 2.85M | 2.47M | 2.82M | 2.12M | 1.99M | 1.5M | 28K |
| Deferred Taxes | -9.56M | 1.61M | 3.58M | 1.45M | 3.77M | 541K | 788K | 2.44M | 1.41M | 1.09M | -331K | 2.43M | -361K | -367K | -306K | 2.1M | 113K | -547K | -406K | 852K |
| Other Non-Cash Items | -76K | -75K | -20.76M | 4.36M | 0 | 0 | 0 | -4.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28K |
| Working Capital Changes | 7.66M | -3.63M | 17.17M | -41.17M | 11.14M | -12.96M | 18.95M | -4.58M | 1.86M | -24.18M | 25.96M | -10.22M | -3.99M | -22.28M | 22.64M | 24.7M | -16.75M | -36.85M | 4.61M | 6.03M |
| Change in Receivables | 0 | 0 | 0 | -52.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -30.06M | -130.98M | -8.39M | -458.24M | -121.16M | -3.93M | -12.52M | -245.99M | -216.12M | -7.41M | -2.24M | -4.4M | -28.26M | -25.91M | -1.74M | -6.81M | -6.33M | -3.08M | -5.18M | -5.01M |
| Capital Expenditures | -13.98M | -21.85M | -7.35M | -28.65M | -18.6M | 235K | -12.51M | -288.49M | -7.83M | -6.38M | -2.24M | -4.4M | -6.86M | -5.59M | -1.75M | -6.19M | -6.34M | -3.09M | -5.26M | -4.49M |
| CapEx % of Revenue | 5.12% | 8.88% | 3.1% | 13.54% | 9.16% | 0.13% | 6.38% | 155.28% | 4.51% | 3.7% | 1.29% | 2.64% | 4.34% | 3.48% | 1.2% | 4.05% | 3.32% | 1.75% | 3.57% | 3.05% |
| Acquisitions | 0 | -110.16M | -1.04M | 71.11M | -71.11M | 0 | 0 | 42.95M | -87.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -16.08M | 1.04M | 0 | -500.7M | -31.45M | -4.17M | -5K | -450K | -120.33M | -1.03M | 0 | 0 | -21.4M | -20.32M | 5K | -621K | 10K | 1K | 83K | -518K |
| Cash from Financing | -41.38M | -41.44M | -50.86M | -41.83M | -45.58M | -36.83M | -51.79M | -43.12M | -263.24M | -33.27M | -38.45M | -36.02M | -31.24M | -44.51M | -32.84M | -55.1M | -56.12M | -202.15M | -23.44M | -30.16M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 9.06M | 0 | 0 | -8.28M | -51K | -14.36M | -6.36M | -6.49M | -6.38M | -11.55M | -11.03M | -6.29M | -19.54M | -7.78M | -31.95M | -32.99M | -24.37M | -219K | -8.87M |
| Dividends Paid | -41.38M | -41.39M | -41.8M | -36.77M | -36.81M | -36.78M | -37.43M | -36.76M | -256.75M | -26.89M | -26.91M | -24.99M | -24.95M | -24.97M | -25.06M | -23.15M | -23.13M | -177.77M | -23.22M | -21.29M |
| Share Repurchases | 0 | 9.06M | 0 | 0 | -8.28M | -51K | -14.36M | -6.36M | -6.49M | -6.38M | -11.55M | -11.03M | -6.29M | -19.54M | -7.78M | -31.95M | -32.99M | -24.37M | -219K | -8.87M |
| Other Financing | 0 | -9.11M | -9.06M | -5.07M | -484K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 120.95M | -593K | 102.76M | -386.4M | -12.12M | 80.13M | 92.42M | -162.53M | -360.79M | 57.6M | 106.55M | 71.01M | 48.09M | 14.07M | 80.19M | 70.59M | 56.79M | -117.56M | 79.11M | 55.48M |
| Free Cash Flow | 178.41M | 151.01M | 154.66M | 85.02M | 136.01M | 117.59M | 147.76M | 113.33M | -9.6M | 91.91M | 145.01M | 107.03M | 102.5M | 80.7M | 113.03M | 126.31M | 112.9M | 84.61M | 104.11M | 86.16M |
| FCF Margin % | 65.26% | 61.37% | 65.31% | 40.18% | 66.97% | 62.7% | 75.39% | 61% | -5.53% | 53.33% | 83.27% | 64.22% | 64.89% | 50.25% | 77.22% | 82.72% | 59.08% | 48% | 70.66% | 58.54% |
| FCF Growth % | 31.17% | 28.42% | 4.67% | -24.98% | 1516.78% | 27.95% | 1.9% | 5.89% | -109.37% | 13.88% | 28.29% | -15.27% | -9.21% | -4.62% | 8.56% | 46.6% | 58.07% | 105.91% | 104.39% | 31.07% |
| FCF per Share | 2.58 | 2.19 | 2.24 | 1.23 | 1.97 | 1.70 | 2.14 | 1.64 | -0.14 | 1.33 | 2.10 | 1.55 | 1.48 | 1.17 | 1.63 | 1.82 | 1.62 | 1.22 | 1.49 | 1.24 |
| FCF Conversion (FCF/Net Income) | 1.15x | 1.12x | 1.13x | 0.92x | 1.28x | 1.04x | 1.30x | 1.07x | 1.11x | 0.86x | 1.29x | 0.99x | 1.02x | 0.84x | 1.33x | 1.33x | 0.92x | 0.74x | 1.10x | 1.15x |
| Interest Paid | 664K | 657K | 650K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 19.72M | 46.4M | 3K | -89.86M | 24.41M | 65.45M | 0 | 24.02M | 30.09M | 66.56M | 0 | 29.09M | 30.59M | 44.4M | 0 | 36.35M | 48.28M | 61.32M | 6M | 24.11M |