Investor Presentaiton
The Permian Basin “ETF"
NYSE: TPL
"Best Year in TPL History"
$
$
Positioned to
capture upside
$592 Million
2022 Adjusted EBITDA (1)
100% Texas
Permian
Exposure
~220%
Production Growth
since 2018(4)
$
TEXAS
Est. 140
PACIFIC
LAND CORP
TEXAS PACIFIC
WATER RESOURCES
Efficient conversion of
revenues to cash
$452 Million
2022 Free Cash Flow(1)
Diversified
Revenue
Streams:
Royalties, Water, and
Surface
~14 Years
Inventory Below
$40/bbl Breakeven (5)
0
*
Balance Sheet
Strength (2)
No Debt
Cash Balance of
$511 Million
~23,700
Core Permian Net
Royalty Acres (3)
~874,000
Surface Acres
TEXAS
EST. 1888
PACIFIC
LAND CORP
Robust Inventory (6) of
584 DUCs
and
338 Permits
Source:
(1)
(2)
(3)
(4)
Company data and Enverus.
Adjusted EBITDA and Free Cash Flow are non-GAAP measures. See Appendix for reconciliations of these non-GAAP measures to net income.
Balance sheet as of 12/31/22.
Net royalty acres defined as gross royalty acres (533,260) in-basin multiplied by the average royalty per acre (4.4%).
Increase in daily average net well production from 1Q'18 to 4Q 2022.
Based on total inventory with a breakeven oil price less than $40/bbl divided by FY 2022 spuds.
(6)
As of 12/31/22 per Enverus and internal TPL estimates.
NYSE: TPL
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