Texas Pacific Land Trust
https://www.sec.gov/ix?doc=/Archives/edgar/data/1811074/000181107422000014/tpl-20211231.htm
Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.
Revenue: $514.1 mm (77.21% YoY Growth)
Gross Margin: $484.9 mm (94.31% margin)
Operating Margin: $424.7 mm (82.60% margin)
EBITDA: $441.9 mm (85.96% margin)
Net Income: $317.8 mm (61.81% margin)
Enterprise Value: $12.6 B
Market Capitalization: $13.1 B
Cash: $507.4 mm
TEV/LTM Revenue: 24.50x
TEV/LTM EBITDA: 28.50x
Price/LTM Earnings: 42.29x
Operating statistics LTM as of 3/31/2022. Market data as of 7/20/2022. 10-K filed as of 2/23/2022.
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