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Jun 30, 2023
Texas Pacific Q2 2023 Earnings Report
Texas Pacific Land Corporation reported record oil and gas royalty production, source water revenues and volumes, and produced water royalties. Easements and surface-related income generated its largest quarterly revenue since 2019.
Key Takeaways
Texas Pacific Land Corporation announced its financial results for the second quarter of 2023, with net income of $100.4 million and revenues of $160.6 million. The company achieved new records in oil and gas royalty production, source water revenues and volumes, and produced water royalties.
Net income for Q2 2023 was $100.4 million, or $13.06 per share (basic) and $13.05 per share (diluted).
Revenues for Q2 2023 reached $160.6 million.
Adjusted EBITDA for Q2 2023 was $133.6 million.
Free cash flow for Q2 2023 amounted to $105.1 million.
Texas Pacific
Texas Pacific
Texas Pacific Revenue by Segment
Revenue by Segment
Oil & Gas Royalties Revenue
CapyFin.comWater Sales Revenue
CapyFin.comProduced Water Royalties Revenue
CapyFin.comSurface-Related Income Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income