Texas Pacific Land (TPL) Revenue — Quarter Ended Sep 30, 2024
Revenue increased compared to the immediately preceding quarter and the same quarter one year earlier. The year-over-year gain was larger than the sequential rise.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased compared to the immediately preceding quarter and the same quarter one year earlier. The year-over-year gain was larger than the sequential rise.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$173.6M
Revenue reported for this quarter.
Quarter-over-quarter
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+9.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$686.7M
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, 2023 | $166.7M | +9.1% |
| Mar 31, 2024 | $174.1M | +19.0% |
| Jun 30, 2024 | $172.3M | +7.3% |
| Sep 30, 2024 | $173.6M | +9.9% |
Revenue performance
The current quarter's revenue edged up from the prior quarter, which had declined from the quarter before that. This marks a modest recovery after a previous dip.
Quarterly comparison
Compared to the same quarter a year ago, revenue was notably higher, continuing the upward trend seen over the past twelve months.
What to watch
The sequential revenue change, after a prior quarter decline, may be a key indicator of whether the growth rate is stabilizing or slowing.