Texas Pacific Land CorpTPL

Market cap

$20.6B

P/E ratio

	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Cash and cash equivalents	281	428	511	725	370
Other Receivables	48	95	104	129	127
Prepaid expenses and other current assets	-	3	7	3	5
Escrow Deposit	2	-	6	5	2
Total current assets	-	527	633	862	503
Total Royalty Interests	46	44	45	47	432
Real estate acquired	109	109	110	130	143
Property, plant and equipment, net	79	80	85	90	123
Intangible assets, net	-	-	-	21	35
Operating lease right-of-use assets	3	2	3	2	1
Other assets	4	3	1	5	10
Total assets	572	764	877	1,156	1,248
Accounts payable and accrued expenses	15	18	24	23	27
Ad valorem and other taxes payable	-	-	8	11	8
Income taxes payable	4	29	3	5	4
Unearned revenue	-	4	4	6	7
Total current liabilities	-	51	40	44	47
Deferred taxes payable	39	39	41	42	47
Unearned revenue - noncurrent	-	20	22	25	21
Operating lease liabilities	-	1	2	1	0
Accrued Liabilities	-	1	0	0	1
Total liabilities	86	112	105	113	116
Common Stock, Value, Issued	-	0	0	0	0
Treasury stock, at cost; 114,273 and 86,929 shares as of December 31, 2024 and 2023, respectively	-	15	104	145	169
Additional paid-in capital	-	0	8	15	20
Accumulated other comprehensive income	-3	-1	3	2	4
Retained earnings	-	668	866	1,172	1,278
Total equity	485	652	773	1,043	1,132
Total liabilities and equity	572	764	877	1,156	1,248