Financials Texas Pacific Land Corporation

Equities

TPL

US88262P1021

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 02:30:02 07/02/2026 am IST			5-day change	1st Jan Change
366.03 ^USD	+5.99%		+5.07%	+27.44%

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Projected Income Statement: Texas Pacific Land Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	302.6	451	667.4	631.6	-	791	910	1,009
Change	-	49.05%	48%	-5.37%	-	-	15.04%	10.88%
EBITDA ¹	234.1	379.3	591.8	541.4	-	682	776	868
Change	-	62.04%	56.04%	-8.51%	-	-	13.78%	11.86%
EBIT ¹	217.3	362.4	562.3	486.1	-	594	687	775
Change	-	66.81%	55.16%	-13.56%	-	-	15.66%	12.81%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	219.7	369.7	568.9	517.6	-	612	696	787
Change	-	68.3%	53.87%	-9.02%	-	-	13.73%	13.07%
Net income ¹	176	270	446.4	405.6	454	478	543	614
Change	-	53.36%	65.33%	-9.12%	11.91%	5.3%	13.6%	13.08%
Announcement Date	25/02/21	23/02/22	22/02/23	21/02/24	19/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2025 Q2	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	74.3	84.16	95.93	123.7	147.2	147.3	176.3	191.1	152.7	146.4	160.6	158	166.7	174.1	172.3	-	204	221	222	229	239	247	249	254
Change	-	13.26%	13.99%	28.95%	18.98%	0.11%	19.64%	8.42%	-20.1%	-4.15%	9.73%	-1.64%	5.5%	4.49%	-1.06%	-	-	8.33%	0.45%	3.15%	4.37%	3.35%	0.81%	2.01%
EBITDA ¹	58.96	65.86	75.53	107.6	130.3	128.5	158.3	169.8	133.9	115.9	133.6	141	150.9	152	-	-	172	187	189	195	205	212	214	218
Change	-	11.71%	14.68%	42.45%	21.06%	-1.34%	23.16%	7.28%	-21.14%	-13.44%	15.27%	5.55%	7.01%	0.75%	-	-	-	8.72%	1.07%	3.17%	5.13%	3.41%	0.94%	1.87%
EBIT ¹	55.23	62.02	71.27	103.2	125.9	124.3	151.7	162.1	124.2	105	120.3	127	133.9	136	133.2	-	151	166	167	173	182	189	191	195
Change	-	12.29%	14.91%	44.86%	21.91%	-1.23%	22.04%	6.82%	-23.34%	-15.52%	14.6%	5.55%	5.44%	1.63%	-2.09%	-	-	9.93%	0.6%	3.59%	5.2%	3.85%	1.06%	2.09%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	55.34	62.03	71.68	103.8	125.6	124.4	152.3	164	128.2	110.3	127.2	134.9	145.1	146	-	-	153	167	169	175	185	192	194	198
Change	-	12.09%	15.56%	44.75%	21.02%	-0.93%	22.47%	7.64%	-21.85%	-13.9%	15.23%	6.12%	7.56%	0.59%	-	-	-	9.15%	1.2%	3.55%	5.71%	3.78%	1.04%	2.06%
Net income ¹	44.79	50.05	57.05	83.84	79.04	97.9	118.9	129.8	99.73	86.57	100.4	105.6	113.1	114.4	114.6	116.1	120	130	132	137	144	150	151	154
Change	-	11.75%	13.97%	46.96%	-5.72%	23.85%	21.44%	9.2%	-23.19%	-13.2%	15.97%	5.16%	7.14%	1.16%	0.16%	1.34%	3.32%	8.33%	1.54%	3.79%	5.11%	4.17%	0.67%	1.99%
Announcement Date	25/02/21	06/05/21	05/08/21	04/11/21	23/02/22	04/05/22	03/08/22	02/11/22	22/02/23	03/05/23	02/08/23	01/11/23	21/02/24	08/05/24	07/08/24	06/08/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Texas Pacific Land Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-281	-428	-511	-725	-	-	-	-
Change	-	-52.31%	-19.39%	-41.88%	-	-	-	-
Announcement Date	25/02/21	23/02/22	22/02/23	21/02/24	19/02/25	-	-	-

Estimates

Cash Flow Forecast: Texas Pacific Land Corporation

Fiscal Period: December	2020	2021	2022	2023	2025	2026	2027
CAPEX ¹	-	-	-	15.03	51	30	20
Change	-	-	-	-	-	-41.18%	-33.33%
Free Cash Flow (FCF) ¹	202	249.6	427.9	403.3	506	608	692
Change	-	23.6%	71.44%	-5.77%	-	20.16%	13.82%
Announcement Date	25/02/21	23/02/22	22/02/23	21/02/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Texas Pacific Land Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	77.36%	84.1%	88.67%	85.73%	-	86.22%	85.27%	86.03%
EBIT Margin (%)	-	71.81%	80.36%	84.25%	76.96%	-	75.09%	75.49%	76.81%
EBT Margin (%)	-	72.6%	81.98%	85.23%	81.95%	-	77.37%	76.48%	78%
Net margin (%)	-	58.19%	59.87%	66.88%	64.23%	-	60.43%	59.67%	60.85%
FCF margin (%)	-	66.75%	55.35%	64.12%	63.85%	-	63.97%	66.81%	68.58%
FCF / Net Income (%)	-	114.71%	92.46%	95.87%	99.41%	-	105.86%	111.97%	112.7%
Profitability
ROA	56.57%	23.23%	34.55%	42.85%	29.9%	28.3%	-	-	-
ROE	84.23%	35.3%	47.49%	62.66%	44.67%	41.73%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	2.38%	-	6.45%	3.3%	1.98%
CAPEX / EBITDA (%)	-	-	-	-	2.78%	-	7.48%	3.87%	2.3%
CAPEX / FCF (%)	-	-	-	-	3.73%	-	10.08%	4.93%	2.89%
Items per share
Cash flow per share ¹	-	2.678	3.801	6.43	6.046	-	8.162	9.577	-
Change	-	-	41.93%	69.18%	-5.97%	-	-	17.34%	-
Dividend per Share ¹	-	1.778	1.222	1.333	1.444	-	2.13	2.24	2.35
Change	-	-	-31.25%	9.09%	8.33%	-	-	5.16%	4.91%
Book Value Per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EPS ¹	-	2.522	3.87	6.419	5.863	6.573	6.981	8.13	8.82
Change	-	-	53.44%	65.86%	-8.66%	12.11%	6.2%	16.47%	8.48%
Nbr of stocks (in thousands)	-	69,805	69,717	69,340	69,074	68,925	68,938	68,938	68,938
Announcement Date	-	25/02/21	23/02/22	22/02/23	21/02/24	19/02/25	-	-	-