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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 174M | 0.7% |
| Gross Profit | 143M | 1.9% |
| Cost of Revenue | 30M | 4.4% |
| Operating expense | 4.4M | 11.5% |
| Net Income | 107M | 7% |
| EBITDA | 128M | 4.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.18B | 10.7% |
| Total Liabilities | 123M | 12.9% |
| Total Equity | 1.05B | 12.8% |
| Shares Outstanding | 23M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 119M | 20.6% |
| Cash from investing | -216M | 2816.5% |
| Cash from financing | -263M | 691.1% |
EPS
Financial Highlights for Texas Pacific Land in Q3 '24
Texas Pacific Land reported a revenue of 174M, which is a 0.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 143M, marking a 1.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 30M, a -4.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 4.4M, showing a 11.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 107M, showing a -7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 128M, showing a -4.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Texas Pacific Land faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
