Texas Pacific Land Corp（TPL）の決算・業績分析
Texas Pacific Land Corpの2025年有価証券報告書をAI分析。売上高$798M(+13.1%)。営業利益$592M。Energy。
目次
Texas Pacific Land Corpの2025年度 業績サマリー
Texas Pacific Land Corp（証券コード: TPL）の2025年度決算・業績分析。売上高は$798M（前年比+13.1%）。営業利益は$592M（前年比+9.8%）。純利益は$481M（前年比+6.0%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Texas Pacific Land Corpの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- TPL achieved 48.0% YoY revenue growth to $667M (XBRL), with operating income surging 55.2% to $562M (XBRL).
- Net income rose 65.3% to $446M (XBRL), supported by 84.2% operating margin (XBRL) and 66.9% net margin (XBRL).
- Strong liquidity with $725M cash (XBRL) and 19.43x current ratio (XBRL), alongside 68.5% ROE (XBRL).
- Shareholder returns totaled $335M (XBRL), including $247M dividends (XBRL) and $88M share repurchases (XBRL).
Texas Pacific Land Corpの売上高変化の要因
- •Revenue grew 48.0% YoY to $667M (XBRL), with 5Y CAGR of 16.0% (XBRL). Operating income rose 55.2% YoY to $562M (XBRL), reflecting 13.3% 5Y CAGR (XBRL). Revenue trends show volatility (e.g., $303M in 2022 vs. $667M in 2024), but long-term growth is evident. Key drivers include land use, royalties, and water services (10-K).
Texas Pacific Land Corpの営業利益変化の要因
- •Operating margin expanded to 84.2% (XBRL), up from 2023’s 79.8% (calculated via FY2023 operating income of $362M / revenue of $451M). Net margin reached 66.9% (XBRL), up 65.3% YoY. EBITDA of $578M (XBRL) represents 86.5% of revenue (XBRL). Cost efficiency is underscored by low capital expenditure and high cash flow margins (10-K).
Texas Pacific Land Corpの事業リスクと対応
Oil and gas price volatility impacts royalty revenue and operator decisions (10-K).
Reliance on third-party operators for production and investment decisions (10-K).
Land sales fluctuate due to uncontrollable factors like market demand and location (10-K).
Customer spending on oil/gas exploration affects TPWR’s service demand (10-K).
New markets pose risks like pricing pressure and operational uncertainties (10-K).
Geopolitical risks (e.g., conflicts in Eastern Europe/Middle East) influence oil/gas prices (10-K).
Pricing pressure from new competition and reduced operator development pacing (10-K).
Texas Pacific Land Corpの事業内容
Texas Pacific Land Corp (TPL) generates revenue through land ownership, oil/gas royalties, and water services in the Permian Basin (10-K). Key segments include Land and Resource Management (surface land use, royalties), Water Services (sourcing/disposal), and nonhazardous oilfield waste disposal (10-K). Competitive advantages include 873,000 surface acres (10-K), diversified revenue streams, and low capital expenditure (10-K). The company leverages long-term stewardship and explores renewable energy opportunities (10-K).
Texas Pacific Land CorpのAI業績分析レポート（2024年度）
Texas Pacific Land Corp (TPL) FY2024 Annual Report Analysis
Highlights
Business Overview
TPL generates revenue through land ownership, oil/gas royalties, and water services in the Permian Basin (10-K). Key segments include Land and Resource Management (surface land use, royalties), Water Services (sourcing/disposal), and nonhazardous oilfield waste disposal (10-K). Competitive advantages include 873,000 surface acres (10-K), diversified revenue streams, and low capital expenditure (10-K). The company leverages long-term stewardship and explores renewable energy opportunities (10-K).
Revenue Analysis
Revenue grew 48.0% YoY to $667M (XBRL), with 5Y CAGR of 16.0% (XBRL). Operating income rose 55.2% YoY to $562M (XBRL), reflecting 13.3% 5Y CAGR (XBRL). Revenue trends show volatility (e.g., $303M in 2022 vs. $667M in 2024), but long-term growth is evident. Key drivers include land use, royalties, and water services (10-K).
Profitability Analysis
Operating margin expanded to 84.2% (XBRL), up from 2023’s 79.8% (calculated via FY2023 operating income of $362M / revenue of $451M). Net margin reached 66.9% (XBRL), up 65.3% YoY. EBITDA of $578M (XBRL) represents 86.5% of revenue (XBRL). Cost efficiency is underscored by low capital expenditure and high cash flow margins (10-K).
Balance Sheet Analysis
Total assets grew to $1.2B (XBRL), with equity rising to $652M (XBRL) (56.4% equity ratio, XBRL). Low leverage (D/E 0.17x, XBRL) and $725M cash (XBRL) highlight strong liquidity. Current ratio of 19.43x (XBRL) reflects minimal short-term obligations.
Cash Flow Analysis
Operating cash flow reached $447M (XBRL), with $426M free cash flow (XBRL). Investing cash flow was -$21M (XBRL), while financing cash flow totaled -$337M (XBRL), driven by $247M dividends (XBRL) and $88M share repurchases (XBRL). Depreciation & amortization was $15M (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 300M | 490M | 303M | 451M | 667M | 632M |
| Operating Income | 261M | 400M | 217M | 362M | 562M | 486M |
| Net Income | 210M | 319M | 176M | 270M | 446M | 406M |
| Total Assets | 598M | 572M | 764M | 877M | 1.2B | 1.2B |
| Total Equity | 105M | 245M | 512M | 485M | 652M | 773M |
| Operating Cash Flow | 195M | 343M | 207M | 265M | 447M | 418M |
Energyの企業一覧
Texas Pacific Land Corpと同じ「Energy」セクターの企業