10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-16-030927 |
| Period End Date | 20160331 |
| Filing Date | 20160505 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | tpl-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$26.81M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$49.60M | USD | Point-in-time |
| Acres Acquired |
LandInAcres
|
10,065.00 | acre | Point-in-time |
| Acres Acquired |
LandInAcres
|
10,065.00 | acre | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$46.72M | USD | Point-in-time |
| Accrued receivables |
OtherReceivables
|
$4.23M | USD | Point-in-time |
| Accrued receivables |
OtherReceivables
|
$3.79M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$142.58K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$121.43K | 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 |
| Notes receivable for land sales |
NotesAndLoansReceivableNetNoncurrent
|
$134.87K | USD | Point-in-time |
| Notes receivable for land sales |
NotesAndLoansReceivableNetNoncurrent
|
$139.11K | 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 |
| Water wells, vehicles, furniture, and equipment - at cost less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$377.11K | USD | Point-in-time |
| Water wells, vehicles, furniture, and equipment - at cost less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$260.90K | USD | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.03 | USD | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.03 | USD | Point-in-time |
| Real estate acquired: (10,065 acres at March 31, 2016 and 10,065 acres at December 31, 2015) |
RealEstateGrossAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Real estate acquired: (10,065 acres at March 31, 2016 and 10,065 acres at December 31, 2015) |
RealEstateGrossAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in shares) |
CommonStockSharesOutstanding
|
8.07M | shares | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, outstanding (in shares) |
CommonStockSharesOutstanding
|
8.12M | shares | Point-in-time |
| Land (surface rights) situated in eighteen counties in Texas 878,259 acres in 2016 and 878,268 acres in 2015 |
Land
|
- | USD | Point-in-time |
| Land (surface rights) situated in eighteen counties in Texas 878,259 acres in 2016 and 878,268 acres in 2015 |
Land
|
- | USD | Point-in-time |
| Assets |
Assets
|
$52.72M | USD | Point-in-time |
| Assets |
Assets
|
$50.44M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.19M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$868.81K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$634.91K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$3.95M | USD | Point-in-time |
| Other taxes payable |
TaxesPayableCurrentAndNoncurrent
|
$199.39K | USD | Point-in-time |
| Other taxes payable |
TaxesPayableCurrentAndNoncurrent
|
$167.29K | USD | Point-in-time |
| Unearned revenue |
DeferredRevenueCurrent
|
$2.58M | USD | Point-in-time |
| Unearned revenue |
DeferredRevenueCurrent
|
$3.30M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxLiabilitiesNoncurrent
|
$163.21K | USD | Point-in-time |
| Deferred taxes |
DeferredTaxLiabilitiesNoncurrent
|
$174.06K | USD | Point-in-time |
| Pension plan liability |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$349.05K | USD | Point-in-time |
| Pension plan liability |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$333.24K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$9.17M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.75M | USD | Point-in-time |
| Certificates of Proprietary Interest, par value $100 each; outstanding 0 Certificates |
PreferredStockValue
|
- | USD | Point-in-time |
| Certificates of Proprietary Interest, par value $100 each; outstanding 0 Certificates |
PreferredStockValue
|
- | USD | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding: 8,066,180 Sub-shares in 2016 and 8,118,064 Sub-shares in 2015 |
CommonStockValue
|
- | USD | Point-in-time |
| Sub-share Certificates in Certificates of Proprietary Interest, par value $.03 1/3 each; outstanding: 8,066,180 Sub-shares in 2016 and 8,118,064 Sub-shares in 2015 |
CommonStockValue
|
- | USD | Point-in-time |
| Other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.23M | USD | Point-in-time |
| Other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.25M | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$46.94M | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$44.78M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$45.69M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$43.55M | USD | Point-in-time |
| LiabilitiesAndStockholdersEquity |
LiabilitiesAndStockholdersEquity
|
$52.72M | USD | Point-in-time |
| LiabilitiesAndStockholdersEquity |
LiabilitiesAndStockholdersEquity
|
$50.44M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Oil and gas royalties |
RoyaltyRevenue
|
$5.61M | USD | 1 Quarter |
| Oil and gas royalties |
RoyaltyRevenue
|
$6.53M | USD | 1 Quarter |
| Land sales |
LandSales
|
$20.27M | USD | 1 Quarter |
| Land sales |
LandSales
|
$86.00K | USD | 1 Quarter |
| Easements and sundry income |
OtherRealEstateRevenue
|
$6.07M | USD | 1 Quarter |
| Easements and sundry income |
OtherRealEstateRevenue
|
$7.80M | USD | 1 Quarter |
| Other income |
OtherSalesRevenueNet
|
$136.40K | USD | 1 Quarter |
| Other income |
OtherSalesRevenueNet
|
$124.44K | USD | 1 Quarter |
| Revenues |
Revenues
|
$34.73M | USD | 1 Quarter |
| Revenues |
Revenues
|
$11.89M | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$376.28K | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$346.58K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$749.11K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$607.46K | USD | 1 Quarter |
| CostsAndExpenses |
CostsAndExpenses
|
$1.10M | USD | 1 Quarter |
| CostsAndExpenses |
CostsAndExpenses
|
$983.74K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$33.75M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$10.80M | USD | 1 Quarter |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$6.69K | USD | 1 Quarter |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$5.94K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$10.80M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$33.76M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$11.59M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$3.52M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$22.17M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.28M | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $12,307 and $12,909, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$22.86K | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $12,307 and $12,909, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$23.98K | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$22.19M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$7.30M | USD | 1 Quarter |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
8.10M | shares | 1 Quarter |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
8.30M | shares | 1 Quarter |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$2.67 | USD | 1 Quarter |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.90 | USD | 1 Quarter |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
$0.31 | USD | 1 Quarter |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
$0.29 | USD | 1 Quarter |
Cash Flow Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$22.17M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.28M | USD | 1 Quarter |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-10.84K | USD | 1 Quarter |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-6.27K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$7.27K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$4.80K | USD | 1 Quarter |
| (Gain) loss on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$712.00 | USD | 1 Quarter |
| (Gain) loss on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-8.20K | USD | 1 Quarter |
| Accrued receivables and other assets |
IncreaseDecreaseInReceivables
|
$89.40K | USD | 1 Quarter |
| Accrued receivables and other assets |
IncreaseDecreaseInReceivables
|
$462.71K | USD | 1 Quarter |
| Prepaid income taxes |
IncreaseDecreaseInPrepaidTaxes
|
$-815.94K | USD | 1 Quarter |
| Prepaid income taxes |
IncreaseDecreaseInPrepaidTaxes
|
- | USD | 1 Quarter |
| Notes receivable for land sales |
IncreaseDecreaseInNotesReceivables
|
$-4.25K | USD | 1 Quarter |
| Notes receivable for land sales |
IncreaseDecreaseInNotesReceivables
|
$-18.88K | USD | 1 Quarter |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.84M | USD | 1 Quarter |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$1.11M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$3.32M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$10.78M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$31.86M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$11.28M | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$18.00K | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$25.00K | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$38.59K | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$149.68K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-131.68K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-13.59K | USD | 1 Quarter |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
StockRepurchasedDuringPeriodValue
|
$-6.93M | USD | 1 Quarter |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
StockRepurchasedDuringPeriodValue
|
$-6.66M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$2.40M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$2.51M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-9.44M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-9.06M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$22.79M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$1.71M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$26.81M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.60M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.72M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$26.81M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.60M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.72M | USD | Point-in-time |
Comprehensive Income
2 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$12.91K | USD | 1 Quarter |
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$12.31K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.