Texas Pacific Land (TPL) Revenue — Quarter Ended Sep 30, 2023
Revenue declined from both the prior quarter and the same quarter a year ago. The downward trend reflects continued contraction compared to prior periods.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined from both the prior quarter and the same quarter a year ago. The downward trend reflects continued contraction compared to prior periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$158M
Revenue reported for this quarter.
Quarter-over-quarter
-1.6%
Change from the immediately preceding quarter.
Year-over-year
-17.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$617.6M
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 |
|---|---|---|
| Dec 31, 2022 | $152.7M | +3.8% |
| Mar 31, 2023 | $146.4M | -0.7% |
| Jun 30, 2023 | $160.6M | -8.9% |
| Sep 30, 2023 | $158M | -17.3% |
Revenue performance
Revenue for the quarter decreased compared to the immediately preceding quarter, continuing the pattern of sequential declines observed across recent periods.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was lower, marking a year-over-year decline. The reduction from the preceding quarter was narrower in magnitude than the year-over-year drop.
What to watch
Revenue has contracted quarter over quarter for multiple consecutive periods, a pattern worth monitoring.