Investor Presentaiton
Historical Financial Summary
($ in millions)
Total Acres
Revenues:
Oil and gas royalties
Water sales
Produced water royalties
Easements and other surface-related income
Land sales and other operating revenue
Total Revenues
Expenses:
Salaries and related employee benefits
Water service related expenses
TEXAS
EST 18881
PACIFIC
LAND CORP
Year ended December 31,
Three months ended,
2021
2022
December 31, 2021
September 30, 2022
December 31, 2022
880,581
874,366
880,581
880,469
874,366
$286.5
$452.4
$99.6
$130.3
$96.7
67.8
72.2
22.8
24.4
19.2
58.1
84.7
14.9
19.1
19.6
37.6
48.1
9.8
14.1
10.7
1.0
10.0
0.1
3.1
6.5
$451.0
$667.4
$147.2
$191.1
$152.7
40.0
41.4
8.2
10.7
11.7
13.2
17.5
2.7
6.3
4.4
General and administrative expenses
11.8
13.4
3.3
3.2
3.5
Legal and professional fees
7.3
8.7
2.4
2.1
3.7
Ad valorem taxes
-
8.7
2.8
1.9
Land Sales Expenses
0.1
0.1
Depreciation, depletion and amortization
16.3
15.4
4.7
3.9
3.2
Total operating expenses
$88.6
$105.1
$21.3
$29.1
$28.5
Operating income (loss)
$362.4
$562.3
$125.9
$162.1
$124.2
Margin (%)
80.4 %
84.3 %
85.5 %
84.8 %
81.4 %
0.6
6.5
(0.3)
1.9
3.9
Other income (expense)
Income before income taxes
Income tax expense
Net income
Margin (%)
Key balance sheet items:
Cash and cash equivalents
Total debt
Total capital
Total assets
Total liabilities
Source:
Company data.
Note:
Numbers may not foot due to immaterial rounding.
$363.0
$568.9
$125.6
$164.0
$128.2
93.0
122.5
46.5
34.1
28.4
$270.0
$446.4
$79.0
$129.8
$99.7
59.9 %
66.9 %
53.7 %
67.9 %
65.3 %
2021
2022
4Q21
3Q22
4Q22
$428.2
$510.8
$428.2
$446.6
$510.8
-
651.7
772.9
651.7
721.2
7641
877.4
764.1
829.0
112.4
104.5
112.4
107.8
772.9
877.4
104.5
NYSE: TPL
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