Texas Pacific Land (TPL) Revenue — Quarter Ended Mar 31, 2024
Revenue for the reporting quarter rose compared to both the preceding quarter and the same quarter one year earlier. The increase follows a pattern of sequential declines in the two prior quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the reporting quarter rose compared to both the preceding quarter and the same quarter one year earlier. The increase follows a pattern of sequential declines in the two prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$174.1M
Revenue reported for this quarter.
Quarter-over-quarter
+4.5%
Change from the immediately preceding quarter.
Year-over-year
+19.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$659.4M
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, 2023 | $160.6M | -8.9% |
| Sep 30, 2023 | $158M | -17.3% |
| Dec 31, 2023 | $166.7M | +9.1% |
| Mar 31, 2024 | $174.1M | +19.0% |
Revenue performance
Revenue grew during the quarter, reflecting an upward trajectory.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. Revenue also exceeded the level reported for the same quarter one year earlier.
What to watch
With no debt and reliance on operating cash flows, the sustainability of this revenue growth is a key factor to monitor.