For the year ending 2025-12-31, TPL has $1,623,278K in assets. $164,371K in debts. $144,809K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 144,809 | 369,835 | 725,169 | 510,834 |
| Accounts receivable and accrued receivables, net | 164,905 | 126,670 | 128,971 | 103,983 |
| Prepaid expenses and other current assets | 5,295 | 5,318 | 2,944 | 7,427 |
| Tax like-kind exchange escrow | 595 | 1,546 | 5,380 | 6,348 |
| Prepaid income taxes | 3,716 | - | 0 | 4,809 |
| Total current assets | 319,320 | 503,369 | 862,464 | 633,401 |
| Royalty interests acquired, net | 840,024 | 432,401 | 46,609 | 45,025 |
| Real estate acquired | 179,129 | 143,178 | 130,024 | 109,704 |
| Property, plant and equipment, net | 164,538 | 122,578 | 89,587 | 85,478 |
| Intangible assets, net | 32,846 | 35,188 | 21,025 | - |
| Land (surface rights)-Land Surface Rights | 0 | 0 | 0 | 0 |
| 1/16th nonparticipating perpetual royalty interest-Royalty Interests In Acres116 | - | - | 0 | 0 |
| 1/128th nonparticipating perpetual royalty interest-Royalty Interests In Acres128 | - | - | 0 | 0 |
| Equity investment | 50,000 | - | - | - |
| Operating lease right-of-use assets | 13,683 | 1,163 | 1,861 | 2,525 |
| Other assets | 23,738 | 10,143 | 4,828 | 1,294 |
| Total assets | 1,623,278 | 1,248,020 | 1,156,398 | 877,427 |
| Accounts payable and accrued expenses | 39,578 | 26,958 | 22,501 | 23,897 |
| Ad valorem and other taxes payable | 8,912 | 8,418 | 10,761 | 8,043 |
| Income taxes payable | 4,007 | 4,388 | 4,795 | 3,167 |
| Unearned revenue | 20,107 | 6,797 | 6,330 | 4,488 |
| Credit facility | 0 | - | - | - |
| Total current liabilities | 72,604 | 46,561 | 44,387 | 39,595 |
| Deferred taxes payable | 54,107 | 47,401 | 42,365 | 41,151 |
| Unearned revenue - noncurrent | 21,072 | 20,636 | 25,006 | 21,708 |
| Operating lease liabilities | 16,175 | 453 | 1,170 | 1,955 |
| Accrued liabilities - noncurrent | 413 | 504 | 274 | 131 |
| Total liabilities | 164,371 | 115,555 | 113,202 | 104,540 |
| Common stock, 0.01 par value 139,610,808 shares authorized as of december 31, 2025 and december 31, 2024, 68,938,230 and 68,915,409 outstanding as of december 31, 2025 and december 31, 2024, respectively | 691 | 231 | 78 | 78 |
| Treasury stock, at cost 114,273 and 86,929 shares as of december 31, 2024 and 2023, respectively | - | 168,843 | 144,998 | 104,139 |
| Treasury stock, at cost 319,998 and 342,819 shares as of december 31, 2025 and december 31, 2024, respectively | 151,242 | - | - | - |
| Additional paid-in capital | 9,906 | 19,900 | 14,613 | 8,293 |
| Accumulated other comprehensive income | 4,150 | 3,583 | 1,831 | 2,516 |
| Retained earnings | 1,595,402 | 1,277,594 | 1,171,672 | 866,139 |
| Total equity | 1,458,907 | 1,132,465 | 1,043,196 | 772,887 |
| Total liabilities and equity | 1,623,278 | 1,248,020 | 1,156,398 | 877,427 |
Texas Pacific Land Corp (TPL)
Texas Pacific Land Corp (TPL)