Texas Pacific Land (TPL) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter rose compared to the immediately preceding period, but declined relative to the same quarter one year earlier. The sequential improvement contrasts with the year-over-year contraction.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter rose compared to the immediately preceding period, but declined relative to the same quarter one year earlier. The sequential improvement contrasts with the year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$160.6M
Revenue reported for this quarter.
Quarter-over-quarter
+9.7%
Change from the immediately preceding quarter.
Year-over-year
-8.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$650.8M
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 |
|---|---|---|
| Sep 30, 2022 | $191.1M | +54.5% |
| Dec 31, 2022 | $152.7M | +3.8% |
| Mar 31, 2023 | $146.4M | -0.7% |
| Jun 30, 2023 | $160.6M | -8.9% |
Revenue performance
The reported revenue reflects an increase from the prior quarter, while remaining below the level achieved in the same quarter a year ago.
Quarterly comparison
Against the immediately preceding quarter, revenue moved higher; however, compared with the same quarter one year earlier, it was lower. The trailing twelve-month revenue also shows a decline from the peak seen in the comparable period last year.
What to watch
Monitor whether the sequential revenue recovery can be sustained, given the ongoing year-over-year decline.