TPL Texas Pacific Land Trust
Texas Pacific Land Trust engages in the provision of management of land. It operates through the Land and Resource Management; and Water Service and Operations segments. The Land and Resource Management segment involves in the business of managing the land and related resources in West Texas owned by the Trust. The Water Service and Operations segment consists of revenues from royalties on sales of water, direct sales of water and to a lesser extent, easements, and sundry income. The company was founded on February 1, 1888 and is headquartered in Dallas, TX.
Company profile
Ticker
TPL
Exchange
Website
CEO
Tyler Glover
Employees
Location
Fiscal year end
Industry (SEC)
SEC CIK
Corporate docs
IRS number
750279735
TPL stock data
()
Calendar
7 May 20
10 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 96.59M | 113.33M | 98.53M | 87.31M | |
| Net income | 57.4M | 69.12M | 60.02M | 49.59M | |
| Diluted EPS | 7.4 | 8.91 | 7.74 | 6.39 | |
| Net profit margin | 59.43% | 60.99% | 60.92% | 56.79% | |
| Operating income | 70.54M | 88.16M | 73.82M | 62.44M | |
| Net change in cash | -79.9M | 53.76M | 94.48M | 42.14M | |
| Cash on hand | 223.74M | 303.65M | 249.88M | 155.4M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 490.5M | 300.22M | 132.33M | 59.91M | |
| Net income | 318.73M | 209.74M | 97.23M | 42.28M | |
| Diluted EPS | 41.09 | 26.93 | 12.38 | 5.29 | |
| Net profit margin | 64.98% | 69.86% | 73.48% | 70.56% | |
| Operating income | 399.57M | 260.83M | 144.95M | 62.91M | |
| Net change in cash | 184M | 40.07M | 30.16M | 4.41M | |
| Cash on hand | 303.65M | 119.65M | 79.58M | 49.42M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 9 Jul 20 | Horizon Kinetics Asset Management | Common Stock | Buy | Aquire P | No | 542.59 | 178 | 96.58K | 281,607 |
| 8 Jul 20 | Horizon Kinetics Asset Management | Common Stock | Buy | Aquire P | No | 561.01 | 172 | 96.49K | 281,429 |
| 7 Jul 20 | Horizon Kinetics Asset Management | Common Stock | Buy | Aquire P | No | 549.76 | 172 | 94.56K | 281,257 |
| 6 Jul 20 | Horizon Kinetics Asset Management | Common Stock | Buy | Aquire P | No | 569.99 | 236 | 134.52K | 281,085 |
| 2 Jul 20 | Horizon Kinetics Asset Management | Common Stock | Buy | Aquire P | No | 577.39 | 236 | 136.26K | 280,849 |
Institutional ownership Q1 2020
43.8% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 190 |
| Opened positions | 32 |
| Closed positions | 64 |
| Increased positions | 64 |
| Reduced positions | 52 |
13F shares |
Current |
|---|---|
| Total value | 5.36B |
| Total shares | 3.4M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Horizon Kinetics Asset Management | 1.74M | $661.09M |
| First Manhattan | 154.83K | $58.84M |
| Epoch Investment Partners | 132.64K | $50.41M |
| SoftVest Advisors | 130.5K | $49.59M |
| Pacific Heights Asset Management | 80K | $30.4M |
| FIL | 79.01K | $30.02M |
| Hodges Capital Management | 57.88K | $21.99M |
| Mad River Investors | 56.72K | $21.55M |
| UBS UBS | 56.48K | $21.46M |
| MS Morgan Stanley | 50.64K | $19.24M |
Content analysis
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| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
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Removed:
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Financial reports
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
27 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
7 Nov 18
10-Q
2018 Q2
Quarterly report
7 Aug 18
10-Q
2018 Q1
Quarterly report
7 May 18
10-K
2017 FY
Annual report
28 Feb 18
Current reports
8-K
Departure of Directors or Certain Officers
30 Jun 20
8-K
Initial Draft Registration Statement Submitted to the SEC for Review
15 Jun 20
8-K
Texas Pacific Land Trust Announces First Quarter 2020 Results
30 Apr 20
8-K
Texas Pacific Land Trust Approves Plan to Reorganize into a Delaware Corporation
23 Mar 20
8-K
Entry into a Material Definitive Agreement
6 Mar 20
8-K
Investor Presentation March 2020
2 Mar 20
8-K
Texas Pacific Land Trust Declares Regular and Special Dividends
24 Feb 20
8-K
Entry into a Material Definitive Agreement
20 Feb 20
8-K
Texas Pacific Land Trust Announces Fourth Quarter and Full Year 2019 Results
30 Jan 20
8-K
Regulation FD Disclosure
22 Jan 20
Registration and prospectus
Proxies
DEFA14A
Additional proxy soliciting materials
23 May 19
DEFA14A
Additional proxy soliciting materials
22 May 19
DFAN14A
Additional proxy materials by non-management
22 May 19
DEFA14A
Additional proxy soliciting materials
22 May 19
DEFA14A
Additional proxy soliciting materials
21 May 19
DFAN14A
Additional proxy materials by non-management
21 May 19
DEFA14A
Additional proxy soliciting materials
20 May 19
DFAN14A
Additional proxy materials by non-management
20 May 19
DFAN14A
Additional proxy materials by non-management
17 May 19
DEFA14A
Additional proxy soliciting materials
17 May 19
Ownership
4
Change in insider ownership
10 Jul 20
4
Change in insider ownership
9 Jul 20
4
Change in insider ownership
8 Jul 20
4
Change in insider ownership
7 Jul 20
4
Change in insider ownership
6 Jul 20
4
Change in insider ownership
2 Jul 20
4
Change in insider ownership
1 Jul 20
4
Change in insider ownership
30 Jun 20
4
Change in insider ownership
29 Jun 20
4
Change in insider ownership
26 Jun 20