Texas Pacific Land (TPL) Revenue — Quarter Ended Dec 31, 2023
The company reported higher revenue for the quarter. This marks an increase from both the preceding quarter and the same quarter a year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
The company reported higher revenue for the quarter. This marks an increase from both the preceding quarter and the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$166.7M
Revenue reported for this quarter.
Quarter-over-quarter
+5.5%
Change from the immediately preceding quarter.
Year-over-year
+9.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$631.6M
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 |
|---|---|---|
| Mar 31, 2023 | $146.4M | -0.7% |
| Jun 30, 2023 | $160.6M | -8.9% |
| Sep 30, 2023 | $158M | -17.3% |
| Dec 31, 2023 | $166.7M | +9.1% |
Revenue performance
The quarterly revenue continued an upward trajectory from prior periods. The trailing twelve-month revenue remained substantial.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. Compared to the same quarter one year earlier, revenue also showed an increase.
What to watch
The company's liquidity position is supported by operating cash flows and no debt, though changes in market conditions could affect future performance.