Texas Pacific Land Trust
Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The Land and Resource Management segment manages surface acres of land, and oil and gas royalty interest in Permian Basin. This segment also engages in easements, such as transporting oil, gas and related hydrocarbons, power line and utility, and subsurface wellbore easements.… Read more
Texas Pacific Land Trust (TPL) - Net Assets
Latest net assets as of September 2025: $1.37 Billion USD
Based on the latest financial reports, Texas Pacific Land Trust (TPL) has net assets worth $1.37 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.52 Billion) and total liabilities ($156.95 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.37 Billion |
| % of Total Assets | 89.71% |
| Annual Growth Rate | 17.59% |
| 5-Year Change | 133.41% |
| 10-Year Change | 2378.66% |
| Growth Volatility | 45.73 |
Texas Pacific Land Trust - Net Assets Trend (1995–2024)
This chart illustrates how Texas Pacific Land Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Texas Pacific Land Trust (1995–2024)
The table below shows the annual net assets of Texas Pacific Land Trust from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.13 Billion | +8.56% |
| 2023-12-31 | $1.04 Billion | +34.97% |
| 2022-12-31 | $772.89 Million | +18.59% |
| 2021-12-31 | $651.71 Million | +34.32% |
| 2020-12-31 | $485.18 Million | -5.26% |
| 2019-12-31 | $512.14 Million | +109.30% |
| 2018-12-31 | $244.69 Million | +208.98% |
| 2017-12-31 | $79.19 Million | +66.29% |
| 2016-12-31 | $47.62 Million | +4.24% |
| 2015-12-31 | $45.69 Million | +70.99% |
| 2014-12-31 | $26.72 Million | +49.03% |
| 2013-12-31 | $17.93 Million | +14.96% |
| 2012-12-31 | $15.60 Million | -24.10% |
| 2011-12-31 | $20.55 Million | +12.27% |
| 2010-12-31 | $18.30 Million | -7.11% |
| 2009-12-31 | $19.70 Million | -16.24% |
| 2008-12-31 | $23.52 Million | -5.48% |
| 2007-12-31 | $24.89 Million | +1.84% |
| 2006-12-31 | $24.44 Million | -0.71% |
| 2005-12-31 | $24.61 Million | +8.41% |
| 2004-12-31 | $22.71 Million | +62.29% |
| 2003-12-31 | $13.99 Million | +0.06% |
| 2002-12-31 | $13.98 Million | +5.95% |
| 2001-12-31 | $13.20 Million | +17.12% |
| 2000-12-31 | $11.27 Million | -4.07% |
| 1999-12-31 | $11.75 Million | -13.89% |
| 1998-12-31 | $13.64 Million | +11.62% |
| 1997-12-31 | $12.22 Million | +20.70% |
| 1996-12-31 | $10.13 Million | -1.64% |
| 1995-12-31 | $10.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Texas Pacific Land Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7037.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.28 Billion | 112.82% |
| Common Stock | $231.00K | 0.02% |
| Other Comprehensive Income | $3.58 Million | 0.32% |
| Total Equity | $1.13 Billion | 100.00% |
Texas Pacific Land Trust Competitors by Market Cap
The table below lists competitors of Texas Pacific Land Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Advanced Info Service Public
PINK:AVIFY
|
$10.19 Billion |
|
Diploma PLC
PINK:DPMAY
|
$10.23 Billion |
|
InterGlobe Aviation Limited
NSE:INDIGO
|
$10.23 Billion |
|
Full Truck Alliance Co. Ltd.
F:892
|
$10.24 Billion |
|
Japan Exchange Group Inc
PINK:OSCUF
|
$10.19 Billion |
|
Stantec Inc
NYSE:STN
|
$10.18 Billion |
|
WiseTech Global Limited
PINK:WIGBY
|
$10.17 Billion |
|
BE SEMICON.INDS NY EO091
F:BSIA
|
$10.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Texas Pacific Land Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,043,196,000 to 1,132,465,000, a change of 89,269,000 (8.6%).
- Net income of 453,960,000 contributed positively to equity growth.
- Dividend payments of 347,309,000 reduced retained earnings.
- Share repurchases of 30,782,000 reduced equity.
- Other comprehensive income increased equity by 1,752,000.
- Other factors increased equity by 11,648,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $453.96 Million | +40.09% |
| Dividends Paid | $347.31 Million | -30.67% |
| Share Repurchases | $30.78 Million | -2.72% |
| Other Comprehensive Income | $1.75 Million | +0.15% |
| Other Changes | $11.65 Million | +1.03% |
| Total Change | $- | 8.56% |
Book Value vs Market Value Analysis
This analysis compares Texas Pacific Land Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.71x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5238.41x to 10.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.10 | $526.89 | x |
| 1986-12-31 | $0.10 | $526.89 | x |
| 1987-12-31 | $0.10 | $526.89 | x |
| 1988-12-31 | $0.09 | $526.89 | x |
| 1989-12-31 | $0.09 | $526.89 | x |
| 1990-12-31 | $0.08 | $526.89 | x |
| 1991-12-31 | $0.07 | $526.89 | x |
| 1992-12-31 | $0.07 | $526.89 | x |
| 1993-12-31 | $0.06 | $526.89 | x |
| 1994-12-31 | $0.08 | $526.89 | x |
| 1995-12-31 | $0.08 | $526.89 | x |
| 1996-12-31 | $0.08 | $526.89 | x |
| 1997-12-31 | $0.10 | $526.89 | x |
| 1998-12-31 | $0.11 | $526.89 | x |
| 1999-12-31 | $0.10 | $526.89 | x |
| 2000-12-31 | $0.10 | $526.89 | x |
| 2001-12-31 | $0.12 | $526.89 | x |
| 2002-12-31 | $0.13 | $526.89 | x |
| 2003-12-31 | $0.14 | $526.89 | x |
| 2004-12-31 | $0.23 | $526.89 | x |
| 2005-12-31 | $0.25 | $526.89 | x |
| 2006-12-31 | $0.25 | $526.89 | x |
| 2007-12-31 | $0.26 | $526.89 | x |
| 2008-12-31 | $0.25 | $526.89 | x |
| 2009-12-31 | $0.22 | $526.89 | x |
| 2010-12-31 | $0.21 | $526.89 | x |
| 2011-12-31 | $0.24 | $526.89 | x |
| 2012-12-31 | $1.74 | $526.89 | x |
| 2013-12-31 | $0.69 | $526.89 | x |
| 2014-12-31 | $1.06 | $526.89 | x |
| 2015-12-31 | $5.57 | $526.89 | x |
| 2016-12-31 | $5.96 | $526.89 | x |
| 2017-12-31 | $10.08 | $526.89 | x |
| 2018-12-31 | $31.42 | $526.89 | x |
| 2019-12-31 | $22.01 | $526.89 | x |
| 2020-12-31 | $20.85 | $526.89 | x |
| 2021-12-31 | $28.02 | $526.89 | x |
| 2022-12-31 | $33.34 | $526.89 | x |
| 2023-12-31 | $45.24 | $526.89 | x |
| 2024-12-31 | $49.20 | $526.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Texas Pacific Land Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 40.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 64.32%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.10x
- Recent ROE (40.09%) is below the historical average (51.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 39.11% | 57.38% | 0.50x | 1.36x | $5.21 Million |
| 1986 | 17.61% | 50.00% | 0.26x | 1.33x | $1.34 Million |
| 1987 | 16.77% | 50.00% | 0.26x | 1.30x | $1.09 Million |
| 1988 | 14.84% | 46.94% | 0.24x | 1.30x | $750.00K |
| 1989 | 18.42% | 51.85% | 0.28x | 1.28x | $1.28 Million |
| 1990 | 21.54% | 50.00% | 0.34x | 1.25x | $1.50 Million |
| 1991 | 19.66% | 46.94% | 0.32x | 1.32x | $1.13 Million |
| 1992 | 18.35% | 46.51% | 0.30x | 1.30x | $910.00K |
| 1993 | 18.48% | 32.08% | 0.40x | 1.45x | $780.00K |
| 1994 | 45.87% | 54.95% | 0.61x | 1.38x | $3.91 Million |
| 1995 | 32.34% | 51.69% | 0.46x | 1.35x | $2.30 Million |
| 1996 | 42.11% | 49.69% | 0.63x | 1.35x | $3.25 Million |
| 1997 | 54.88% | 51.29% | 0.78x | 1.36x | $5.48 Million |
| 1998 | 44.23% | 57.57% | 0.56x | 1.38x | $4.67 Million |
| 1999 | 25.01% | 49.59% | 0.37x | 1.35x | $1.76 Million |
| 2000 | 33.35% | 48.19% | 0.51x | 1.36x | $2.63 Million |
| 2001 | 52.18% | 51.28% | 0.76x | 1.34x | $5.57 Million |
| 2002 | 35.05% | 53.72% | 0.49x | 1.34x | $3.50 Million |
| 2003 | 38.10% | 53.55% | 0.54x | 1.31x | $3.93 Million |
| 2004 | 76.69% | 59.75% | 0.94x | 1.37x | $15.14 Million |
| 2005 | 34.58% | 55.25% | 0.48x | 1.31x | $6.05 Million |
| 2006 | 47.34% | 51.51% | 0.69x | 1.33x | $9.13 Million |
| 2007 | 33.15% | 53.34% | 0.47x | 1.31x | $5.76 Million |
| 2008 | 46.50% | 56.69% | 0.63x | 1.31x | $8.59 Million |
| 2009 | 35.09% | 52.84% | 0.49x | 1.36x | $4.94 Million |
| 2010 | 61.79% | 56.36% | 0.80x | 1.37x | $9.48 Million |
| 2011 | 100.23% | 61.62% | 1.22x | 1.34x | $18.54 Million |
| 2012 | 125.98% | 60.29% | 1.54x | 1.36x | $18.09 Million |
| 2013 | 151.81% | 61.71% | 1.97x | 1.25x | $25.43 Million |
| 2014 | 130.11% | 62.98% | 1.67x | 1.24x | $32.09 Million |
| 2015 | 109.52% | 63.01% | 1.57x | 1.10x | $45.47 Million |
| 2016 | 78.19% | 62.16% | 0.96x | 1.31x | $32.48 Million |
| 2017 | 96.42% | 57.71% | 1.04x | 1.61x | $68.44 Million |
| 2018 | 85.71% | 69.86% | 1.05x | 1.17x | $185.27 Million |
| 2019 | 62.66% | 65.43% | 0.82x | 1.17x | $269.71 Million |
| 2020 | 36.28% | 58.19% | 0.53x | 1.18x | $127.53 Million |
| 2021 | 41.43% | 59.87% | 0.59x | 1.17x | $204.81 Million |
| 2022 | 57.75% | 66.88% | 0.76x | 1.14x | $369.07 Million |
| 2023 | 38.88% | 64.23% | 0.55x | 1.11x | $301.33 Million |
| 2024 | 40.09% | 64.32% | 0.57x | 1.10x | $340.71 Million |
Industry Comparison
This section compares Texas Pacific Land Trust's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,645,633,110
- Average return on equity (ROE) among peers: 4.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Texas Pacific Land Trust (TPL) | $1.37 Billion | 39.11% | 0.11x | $10.19 Billion |
| Advantage Energy Ltd. (AAVVF) | $1.09 Billion | 1.43% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $9.63 Million | -5.93% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $2.79 Billion | -19.61% | 0.78x | $10.30 Billion |
| Aminex PLC (AEXFF) | $20.47 Million | 6.02% | 0.33x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.43 Billion | 12.90% | 2.02x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $13.10 Million | -11.45% | 0.01x | $4.92K |
| Allied Resources Inc (ALOD) | $3.69 Million | 0.65% | 0.05x | $428.76K |
| Altex Industries Inc (ALTX) | $3.22 Million | -10.59% | 0.04x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $88.21 Million | 32.34% | 0.25x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $5.59 Million | 38.29% | 0.11x | $5.00 Million |