10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000097517-18-000007 |
| Period End Date | 20180331 |
| Filing Date | 20180507 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | tpl-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Property, plant and equipment, net of accumulated depreciation of $791 and $463 as of March 31, 2018 and December 31, 2017, respectively |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$791.00K | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $791 and $463 as of March 31, 2018 and December 31, 2017, respectively |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$463.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$71.30M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$79.58M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$49.42M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$52.56M | USD | Point-in-time |
| Accrued receivables |
OtherReceivables
|
$27.64M | USD | Point-in-time |
| Number of counties with land surface rights |
NumberofCountieswithLandSurfaceRights
|
18.00 | county | 1 Quarter |
| Accrued receivables |
OtherReceivables
|
$17.77M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$849.00K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$3.08M | USD | Point-in-time |
| Certificates of proprietary interest, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$100.00 | USD | Point-in-time |
| Certificates of proprietary interest, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$100.00 | USD | Point-in-time |
| Prepaid income taxes |
PrepaidTaxes
|
$1.20M | USD | Point-in-time |
| Prepaid income taxes |
PrepaidTaxes
|
- | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $791 and $463 as of March 31, 2018 and December 31, 2017, respectively |
PropertyPlantAndEquipmentNet
|
$31.03M | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $791 and $463 as of March 31, 2018 and December 31, 2017, respectively |
PropertyPlantAndEquipmentNet
|
$19.52M | USD | Point-in-time |
| Certificates of proprietary interest, outstanding (in shares) |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Certificates of proprietary interest, outstanding (in shares) |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Sub-share certificates of proprietary interest, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.03 | USD | Point-in-time |
| Sub-share certificates of proprietary interest, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.03 | USD | Point-in-time |
| Real estate acquired |
RealEstateGrossAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Real estate acquired |
RealEstateGrossAtCarryingValue
|
$1.87M | USD | Point-in-time |
| Real estate acquired |
RealEstateGrossAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Real estate acquired |
RealEstateGrossAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Sub-share certificates of proprietary interest, outstanding (in shares) |
CommonStockSharesOutstanding
|
7.81M | shares | Point-in-time |
| Sub-share certificates of proprietary interest, outstanding (in shares) |
CommonStockSharesOutstanding
|
7.82M | shares | Point-in-time |
| Total assets |
Assets
|
$120.03M | USD | Point-in-time |
| Total assets |
Assets
|
$134.92M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$4.86M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$5.61M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$10.47M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$851.00K | USD | Point-in-time |
| Deferred taxes payable |
DeferredIncomeTaxLiabilitiesNet
|
$114.00K | USD | Point-in-time |
| Deferred taxes payable |
DeferredIncomeTaxLiabilitiesNet
|
$114.00K | USD | Point-in-time |
| Unearned revenue |
DeferredRevenueCurrent
|
$8.36M | USD | Point-in-time |
| Unearned revenue |
DeferredRevenueCurrent
|
$8.93M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$24.37M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$14.94M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Certificates of Proprietary Interest, par value $100 each; none outstanding |
PreferredStockValue
|
- | USD | Point-in-time |
| Certificates of Proprietary Interest, par value $100 each; none outstanding |
PreferredStockValue
|
- | USD | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding 7,808,453 and 7,821,599 Sub-shares as of March 31, 2018 and December 31, 2017, respectively |
CommonStockValue
|
- | USD | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding 7,808,453 and 7,821,599 Sub-shares as of March 31, 2018 and December 31, 2017, respectively |
CommonStockValue
|
- | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-791.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-804.00K | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$105.90M | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$111.33M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$105.10M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$110.54M | USD | Point-in-time |
| Total liabilities and capital |
LiabilitiesAndStockholdersEquity
|
$120.03M | USD | Point-in-time |
| Total liabilities and capital |
LiabilitiesAndStockholdersEquity
|
$134.92M | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Oil and gas royalties |
RoyaltyRevenue
|
$26.55M | USD | 1 Quarter |
| Oil and gas royalties |
RoyaltyRevenue
|
$10.59M | USD | 1 Quarter |
| Easements and sundry income |
EasementsandSundryIncome
|
$14.87M | USD | 1 Quarter |
| Easements and sundry income |
EasementsandSundryIncome
|
$16.98M | USD | 1 Quarter |
| Water sales and royalties |
WaterSalesAndRoyalties
|
$13.61M | USD | 1 Quarter |
| Water sales and royalties |
WaterSalesAndRoyalties
|
$4.83M | USD | 1 Quarter |
| Land sales |
LandSales
|
$2.75M | USD | 1 Quarter |
| Land sales |
LandSales
|
- | USD | 1 Quarter |
| Other operating income |
OtherOperatingIncome
|
$124.00K | USD | 1 Quarter |
| Other operating income |
OtherOperatingIncome
|
$125.00K | USD | 1 Quarter |
| Total income |
Revenues
|
$30.41M | USD | 1 Quarter |
| Total income |
Revenues
|
$60.01M | USD | 1 Quarter |
| Salaries and related employee benefits |
LaborAndRelatedExpense
|
$2.29M | USD | 1 Quarter |
| Salaries and related employee benefits |
LaborAndRelatedExpense
|
$386.00K | USD | 1 Quarter |
| Water service-related expenses |
WaterProductionCosts
|
$1.31M | USD | 1 Quarter |
| Water service-related expenses |
WaterProductionCosts
|
- | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$340.00K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$808.00K | USD | 1 Quarter |
| Legal and professional fees |
ProfessionalFees
|
$647.00K | USD | 1 Quarter |
| Legal and professional fees |
ProfessionalFees
|
$715.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$330.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$19.00K | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$55.00K | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$144.00K | USD | 1 Quarter |
| Trustees compensation |
TrusteeFees
|
$2.00K | USD | 1 Quarter |
| Trustees compensation |
TrusteeFees
|
$2.00K | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$1.52M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$5.53M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$54.48M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$28.89M | USD | 1 Quarter |
| Other income |
NonoperatingIncomeExpense
|
$7.00K | USD | 1 Quarter |
| Other income |
NonoperatingIncomeExpense
|
$130.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$54.61M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$28.90M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$9.64M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$10.82M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$19.26M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$43.79M | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $3 and $9, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$17.00K | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $3 and $9, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$13.00K | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$43.80M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$19.28M | USD | 1 Quarter |
| Weighted average number of Sub-share Certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.92M | shares | 1 Quarter |
| Weighted average number of Sub-share Certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.82M | shares | 1 Quarter |
| Basic and dilutive earnings per Sub-share Certificate on net income (in usd per share) |
EarningsPerShareBasicAndDiluted
|
$5.60 | USD | 1 Quarter |
| Basic and dilutive earnings per Sub-share Certificate on net income (in usd per share) |
EarningsPerShareBasicAndDiluted
|
$2.43 | USD | 1 Quarter |
| Cash dividends per Sub-share Certificate (in usd per share) |
CommonStockDividendsPerShareCashPaid
|
$4.05 | USD | 1 Quarter |
| Cash dividends per Sub-share Certificate (in usd per share) |
CommonStockDividendsPerShareCashPaid
|
$1.35 | USD | 1 Quarter |
Cash Flow Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$19.26M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$43.79M | USD | 1 Quarter |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-2.41M | USD | 1 Quarter |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
- | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$330.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$19.00K | USD | 1 Quarter |
| Gain on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Gain on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$4.00K | USD | 1 Quarter |
| Accrued receivables and other assets |
IncreaseDecreaseInReceivables
|
$12.10M | USD | 1 Quarter |
| Accrued receivables and other assets |
IncreaseDecreaseInReceivables
|
$3.76M | USD | 1 Quarter |
| Prepaid income taxes |
IncreaseDecreaseInPrepaidTaxes
|
- | USD | 1 Quarter |
| Prepaid income taxes |
IncreaseDecreaseInPrepaidTaxes
|
$-1.20M | USD | 1 Quarter |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-172.00K | USD | 1 Quarter |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$846.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$5.62M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$9.62M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$42.67M | USD | 1 Quarter |
| Cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$24.38M | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$28.00K | USD | 1 Quarter |
| Acquisition of land |
PaymentsToAcquireLand
|
- | USD | 1 Quarter |
| Acquisition of land |
PaymentsToAcquireLand
|
$751.00K | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.91M | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$11.84M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.88M | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-12.59M | USD | 1 Quarter |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
PaymentsForRepurchaseOfCommonStock
|
$8.67M | USD | 1 Quarter |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
PaymentsForRepurchaseOfCommonStock
|
$6.71M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$10.68M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$31.65M | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-19.35M | USD | 1 Quarter |
| Cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-38.36M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-8.28M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$3.15M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$71.30M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$79.58M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.42M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$52.56M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$71.30M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$79.58M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.42M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$52.56M | USD | Point-in-time |
| Income taxes paid |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaidNet
|
$1.62M | USD | 1 Quarter |
Comprehensive Income
2 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$9.00K | USD | 1 Quarter |
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$3.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.