NYSE$TPL
Texas Pacific Land Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Announced first quarter results.
Texas Pacific Land Corporation reported a net income of $86.6 million and revenues of $146.4 million for the first quarter of 2023. The company's royalty production was 20.9 thousand barrels of oil equivalent per day, and it repurchased $6.7 million of common stock. A quarterly cash dividend of $3.25 per share was paid on March 15, 2023.
- Net income was $86.6 million, or $11.25 per share (basic) and $11.24 per share (diluted).
- Revenues totaled $146.4 million.
- Adjusted EBITDA reached $115.9 million.
- Free cash flow was $88.0 million.
Headline financials
Revenue & EPS history
Texas Pacific · Revenue · Quarterly
$146M
Revenue by segment
Texas Pacific · $146M total across 4 segments · Q1 2023
- Oil and Gas Royalties$89.1M-14.4%61.1%
- Water Sales$21.7M+15.5%14.9%
- Produced Water Royalties$20.1M+35.4%13.8%
- Easements and Other Surface-Related Income$15M+62.8%10.3%
Forward guidance
TPL’s high-margin cash flow profile and fortress balance sheet provide the Company the ability to drive value for shareholders through any cycle.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.2%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+4.6%
Avg return
30 days after
64%
41 / 64 earnings
Positive
+10.2%
Q3 2025
Best reaction
-10.1%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | -7.8% | -7.2% | |
| Q4 2025 | +10.0% | +20.7% | +17.9% | |
| Q3 2025 | +10.2% | +7.6% | +0.7% | |
| Q1 2025 | -3.8% | +2.6% | -17.1% | |
| Q4 2024 | +1.9% | -8.2% | -9.4% | |
| Q3 2024 | +7.4% | +12.6% | +7.7% | |
| Q2 2024 | +7.1% | +7.7% | +3.3% | |
| Q1 2024 | +8.0% | +6.2% | +2.2% | |
| Q4 2023 | +4.9% | +4.6% | +13.1% | |
| Q3 2023 | -2.6% | -4.7% | -5.4% | |
| Q2 2023 | +8.5% | +17.5% | +28.5% | |
| Q1 2023 | -3.8% | -2.5% | -4.5% | |
| Q4 2022 | -1.7% | -1.1% | -8.3% | |
| Q3 2022 | +2.3% | +15.9% | +11.0% | |
| Q2 2022 | -9.9% | -6.1% | +3.6% | |
| Q1 2022 | +1.7% | -6.0% | +21.6% | |
| Q4 2021 | +9.9% | +19.0% | +45.6% | |
| Q3 2021 | +7.3% | +11.6% | -5.4% | |
| Q2 2021 | +2.3% | +4.1% | -10.4% | |
| Q1 2021 | +3.0% | +1.5% | -12.7% | |
| Q4 2020 | -3.5% | -4.0% | +38.0% | |
| Q3 2020 | +7.5% | +10.5% | +37.7% | |
| Q2 2020 | -5.2% | +0.4% | -5.4% | |
| Q1 2020 | -9.2% | -7.8% | +4.7% | |
| Q4 2019 | +1.8% | +5.1% | -6.2% | |
| Q3 2019 | +6.0% | +10.8% | +14.2% | |
| Q2 2019 | -4.3% | -8.5% | -13.8% | |
| Q1 2019 | -5.8% | -10.4% | -12.5% | |
| Q4 2018 | +1.4% | +4.8% | +8.4% | |
| Q3 2018 | -5.6% | -5.5% | -18.4% | |
| Q2 2018 | +7.8% | +8.9% | +13.0% | |
| Q1 2018 | +8.9% | +15.8% | +27.7% | |
| Q4 2017 | -1.9% | -7.2% | -3.6% | |
| Q3 2017 | +2.8% | +4.3% | +1.9% | |
| Q2 2017 | +4.4% | +9.8% | +20.0% | |
| Q1 2017 | +5.8% | +6.2% | -0.3% | |
| Q4 2016 | +0.2% | -0.4% | -6.8% | |
| Q3 2016 | -6.4% | -7.6% | +1.2% | |
| Q2 2016 | -2.0% | -0.6% | +6.4% | |
| Q1 2016 | -3.1% | — | — | |
| Q4 2015 | +0.7% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | +0.9% | — | — | |
| Q1 2015 | -0.0% | — | — | |
| Q4 2014 | +2.0% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q2 2014 | -1.2% | — | — | |
| Q1 2014 | +3.1% | — | — | |
| Q4 2013 | +1.9% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | +2.3% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q3 2012 | +2.4% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2012 | +4.5% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | +6.5% | — | — | |
| Q2 2011 | -10.1% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q4 2010 | -2.7% | — | — | |
| Q3 2010 | +1.6% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q1 2010 | -2.6% | — | — |
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