Texas Pacific Land Trust was created in 1888 as a result of a reorganization of the Texas and Pacific Railway Company following receivership. Holders of Texas and Pacific Railway Company bonds received 3.5 million acres of land in Texas which had been earned by the railroad and pledged as security against bonds. The bondholders created the Trust and converted bonds to shares of proprietary interest in the Trust. The Trust was created to manage and sell the land. Today the Trust is one of the largest landowners in Texas with around 909,274 acres located in eighteen different counties. Texas Pacific Land Trust derives revenue from all avenues of managing the land, i.e. oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales. The Trust has a perpetual oil and gas royalty interest in some 459,200 acres.

Type
Public
HQ
Dallas, US
Size (employees)
10 (est)
Texas Pacific Land Trust is headquartered in Dallas, US
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Texas Pacific Land Trust Office Locations

Texas Pacific Land Trust has an office in Dallas
Dallas, US (HQ)
1670 1700 Pacific Ave
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Texas Pacific Land Trust Financials and Metrics

Texas Pacific Land Trust Financials

Texas Pacific Land Trust's revenue was reported to be $59.91 m in FY, 2016 which is a 24.6% decrease from the previous period.
USD

Revenue (Q1, 2018)

60 m

Net income (Q1, 2018)

43.8 m

EBIT (Q1, 2018)

54.5 m

Market capitalization (15-May-2018)

4.9 b

Closing share price (15-May-2018)

621.5

Cash (31-Mar-2018)

71.3 m
Texas Pacific Land Trust's current market capitalization is $4.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

44.1 m55.2 m79.4 m59.9 m

Revenue growth, %

25%44%(25%)

General and administrative expense

1.8 m

Operating expense total

1.8 m
Quarterly
USDQ2, 2017Q1, 2018

Revenue

60 m

General and administrative expense

1.9 m808 k

Operating expense total

1.9 m5.5 m

Depreciation and amortization

330 k
Annual
USDFY, 2017

Cash

79.6 m

Total Assets

127.5 m

Accounts Payable

5.6 m

Total Liabilities

48.3 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

38.8 m46.2 m46.7 m45.6 m45.5 m52.6 m50.1 m71.3 m

Total Assets

134.9 m

Accounts Payable

841.9 k837.3 k1.2 m903.7 k1.3 m899.6 k1.1 m4.9 m

Total Liabilities

6.7 m7.1 m9.2 m8.2 m11.8 m28.1 m28.6 m24.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2017

Net Income

76.4 m

Depreciation and Amortization

376 k

Cash From Operating Activities

4.8 m13.6 m18.2 m93.8 m

Purchases of PP&E

(18.7 m)
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

29.6 m41 m7.3 m17.4 m26.3 m14.9 m31.6 m43.8 m

Depreciation and Amortization

9.3 k13.8 k7.3 k13 k18.7 k19.1 k103.7 k330 k

Cash From Operating Activities

29.9 m42.7 m11.3 m18.6 m30.1 m24.4 m35 m42.7 m

Purchases of PP&E

(38.6 k)(111.6 k)(149.7 k)(258.5 k)(368.9 k)(1.9 m)(3.6 m)(11.8 m)
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