Texas Pacific Land (TPL) Revenue — Quarter Ended Mar 31, 2023
Revenue declined compared to both the preceding quarter and the same quarter a year earlier. The decrease was larger sequentially than on an annual basis.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined compared to both the preceding quarter and the same quarter a year earlier. The decrease was larger sequentially than on an annual basis.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$146.4M
Revenue reported for this quarter.
Quarter-over-quarter
-4.2%
Change from the immediately preceding quarter.
Year-over-year
-0.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$666.4M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $176.3M | +83.7% |
| Sep 30, 2022 | $191.1M | +54.5% |
| Dec 31, 2022 | $152.7M | +3.8% |
| Mar 31, 2023 | $146.4M | -0.7% |
Revenue performance
The reported revenue moved lower from the prior quarter, continuing a downward trend observed over recent quarters. The year-over-year comparison also showed a decrease, though less pronounced than the sequential decline.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Against the same quarter one year earlier, revenue was also down.
What to watch
Revenue has declined for two consecutive quarters, moving from its recent peak in the middle of the prior fiscal year.