10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-17-013797 |
| Period End Date | 20170630 |
| Filing Date | 20170804 |
| Fiscal Year | 2017 |
| Fiscal Period | Q2 |
| XBRL Instance | tpl-20170630.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$50.10M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$45.62M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$49.42M | USD | Point-in-time |
| Accrued receivables |
OtherReceivables
|
$12.43M | USD | Point-in-time |
| Accrued receivables |
OtherReceivables
|
$6.55M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$266.28K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$232.97K | USD | Point-in-time |
| Deferred tax asset |
DeferredIncomeTaxAssetsNet
|
$3.87M | USD | Point-in-time |
| Deferred tax asset |
DeferredIncomeTaxAssetsNet
|
$8.55M | USD | Point-in-time |
| Notes receivable for land sales |
NotesAndLoansReceivableNetNoncurrent
|
$46.39K | USD | Point-in-time |
| Notes receivable for land sales |
NotesAndLoansReceivableNetNoncurrent
|
$94.97K | USD | Point-in-time |
| Water wells, vehicles, furniture, and equipment at cost less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$1.17M | USD | Point-in-time |
| Water wells, vehicles, furniture, and equipment at cost less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$4.65M | USD | Point-in-time |
| Real estate acquired: (10,065 acres at June 30, 2017 and 10,065 acres at December 31, 2016) |
RealEstateGrossAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Real estate acquired: (10,065 acres at June 30, 2017 and 10,065 acres at December 31, 2016) |
RealEstateGrossAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Assets |
Assets
|
$62.45M | USD | Point-in-time |
| Assets |
Assets
|
$77.16M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.07M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$826.77K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$1.95M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$1.20M | USD | Point-in-time |
| Other taxes payable |
TaxesPayableCurrentAndNoncurrent
|
$276.81K | USD | Point-in-time |
| Other taxes payable |
TaxesPayableCurrentAndNoncurrent
|
$422.07K | USD | Point-in-time |
| Unearned revenue |
DeferredRevenueCurrent
|
$25.91M | USD | Point-in-time |
| Unearned revenue |
DeferredRevenueCurrent
|
$11.78M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$28.60M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$14.83M | 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 |
| 7,858,554 Sub-shares in 2017 and 7,927,314 Sub-shares in 2016 |
CommonStockValue
|
- | USD | Point-in-time |
| 7,858,554 Sub-shares in 2017 and 7,927,314 Sub-shares in 2016 |
CommonStockValue
|
- | USD | Point-in-time |
| Other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-959.56K | USD | Point-in-time |
| Other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-924.62K | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$48.58M | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$49.49M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$47.62M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$48.56M | USD | Point-in-time |
| LiabilitiesAndStockholdersEquity |
LiabilitiesAndStockholdersEquity
|
$62.45M | USD | Point-in-time |
| LiabilitiesAndStockholdersEquity |
LiabilitiesAndStockholdersEquity
|
$77.16M | USD | Point-in-time |
Income Statement
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Oil and gas royalties |
RoyaltyRevenue
|
$24.08M | USD | 2 Qtrs |
| Oil and gas royalties |
RoyaltyRevenue
|
$12.88M | USD | 1 Quarter |
| Oil and gas royalties |
RoyaltyRevenue
|
$12.48M | USD | 2 Qtrs |
| Oil and gas royalties |
RoyaltyRevenue
|
$6.87M | USD | 1 Quarter |
| Land sales |
LandSales
|
$220.40K | USD | 1 Quarter |
| Land sales |
LandSales
|
$86.00K | USD | 2 Qtrs |
| Land sales |
LandSales
|
$220.40K | USD | 2 Qtrs |
| Land sales |
LandSales
|
- | USD | 1 Quarter |
| Easements and sundry income |
OtherRealEstateRevenue
|
$27.03M | USD | 2 Qtrs |
| Easements and sundry income |
OtherRealEstateRevenue
|
$14.12M | USD | 1 Quarter |
| Easements and sundry income |
OtherRealEstateRevenue
|
$15.27M | USD | 2 Qtrs |
| Easements and sundry income |
OtherRealEstateRevenue
|
$9.20M | USD | 1 Quarter |
| Other income |
OtherSalesRevenueNet
|
$249.03K | USD | 2 Qtrs |
| Other income |
OtherSalesRevenueNet
|
$248.71K | USD | 2 Qtrs |
| Other income |
OtherSalesRevenueNet
|
$124.59K | USD | 1 Quarter |
| Other income |
OtherSalesRevenueNet
|
$124.48K | USD | 1 Quarter |
| Revenues |
Revenues
|
$51.58M | USD | 2 Qtrs |
| Revenues |
Revenues
|
$27.35M | USD | 1 Quarter |
| Revenues |
Revenues
|
$28.08M | USD | 2 Qtrs |
| Revenues |
Revenues
|
$16.19M | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$762.21K | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$740.80K | USD | 2 Qtrs |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$394.22K | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$1.42M | USD | 2 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$1.85M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$3.32M | USD | 2 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$698.42K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$1.45M | USD | 2 Qtrs |
| CostsAndExpenses |
CostsAndExpenses
|
$1.09M | USD | 1 Quarter |
| CostsAndExpenses |
CostsAndExpenses
|
$2.19M | USD | 2 Qtrs |
| CostsAndExpenses |
CostsAndExpenses
|
$2.62M | USD | 1 Quarter |
| CostsAndExpenses |
CostsAndExpenses
|
$4.74M | USD | 2 Qtrs |
| Operating income |
OperatingIncomeLoss
|
$46.84M | USD | 2 Qtrs |
| Operating income |
OperatingIncomeLoss
|
$24.73M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$15.10M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$25.89M | USD | 2 Qtrs |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$19.06K | USD | 2 Qtrs |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$9.56K | USD | 1 Quarter |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$5.84K | USD | 1 Quarter |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$11.79K | USD | 2 Qtrs |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$25.91M | USD | 2 Qtrs |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$24.74M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$15.10M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$46.86M | USD | 2 Qtrs |
| Income taxes |
IncomeTaxExpenseBenefit
|
$4.98M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$8.03M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$15.26M | USD | 2 Qtrs |
| Income taxes |
IncomeTaxExpenseBenefit
|
$8.50M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$31.60M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$17.40M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$16.71M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.12M | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $9,407, $12,307, $18,814, and $24,614 respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$17.47K | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $9,407, $12,307, $18,814, and $24,614 respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$45.71K | USD | 2 Qtrs |
| Other comprehensive income periodic pension costs, net of income taxes of $9,407, $12,307, $18,814, and $24,614 respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$22.86K | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $9,407, $12,307, $18,814, and $24,614 respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$34.94K | USD | 2 Qtrs |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$16.73M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$17.45M | USD | 2 Qtrs |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$10.15M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$31.63M | USD | 2 Qtrs |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.89M | shares | 2 Qtrs |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
8.06M | shares | 2 Qtrs |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
8.05M | shares | 1 Quarter |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.88M | shares | 1 Quarter |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$1.26 | USD | 1 Quarter |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$2.12 | USD | 1 Quarter |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$2.16 | USD | 2 Qtrs |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$4.00 | USD | 2 Qtrs |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
$0.31 | USD | 2 Qtrs |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
$1.35 | USD | 2 Qtrs |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
- | USD | 1 Quarter |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
- | USD | 1 Quarter |
Cash Flow Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$31.60M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$17.40M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$16.71M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.12M | USD | 1 Quarter |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-15.47K | USD | 2 Qtrs |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$4.67M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$103.73K | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$12.97K | USD | 2 Qtrs |
| Loss (gain) on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$3.90K | USD | 2 Qtrs |
| Loss (gain) on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-8.20K | USD | 2 Qtrs |
| Accrued receivables and other assets |
IncreaseDecreaseInReceivables
|
$2.35M | USD | 2 Qtrs |
| Accrued receivables and other assets |
IncreaseDecreaseInReceivables
|
$5.91M | USD | 2 Qtrs |
| Notes receivable for land sales |
IncreaseDecreaseInNotesReceivables
|
$-27.33K | USD | 2 Qtrs |
| Notes receivable for land sales |
IncreaseDecreaseInNotesReceivables
|
$-48.58K | USD | 2 Qtrs |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$3.40M | USD | 2 Qtrs |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$14.55M | USD | 2 Qtrs |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-751.38K | USD | 2 Qtrs |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$86.55K | USD | 2 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$18.61M | USD | 2 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$34.96M | USD | 2 Qtrs |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$27.50K | USD | 2 Qtrs |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$18.00K | USD | 2 Qtrs |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$258.46K | USD | 2 Qtrs |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.61M | USD | 2 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-3.58M | USD | 2 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-240.46K | USD | 2 Qtrs |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
PaymentsForRepurchaseOfCommonStock
|
$20.01M | USD | 2 Qtrs |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
PaymentsForRepurchaseOfCommonStock
|
$15.26M | USD | 2 Qtrs |
| Dividends paid |
PaymentsOfDividends
|
$2.51M | USD | 2 Qtrs |
| Dividends paid |
PaymentsOfDividends
|
$10.68M | USD | 2 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-17.76M | USD | 2 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-30.69M | USD | 2 Qtrs |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$603.88K | USD | 2 Qtrs |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$685.11K | USD | 2 Qtrs |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$50.10M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.62M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.42M | 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
|
$50.10M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.62M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.42M | USD | Point-in-time |
Comprehensive Income
4 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$12.31K | USD | 1 Quarter |
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$18.81K | USD | 2 Qtrs |
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$9.41K | USD | 1 Quarter |
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$24.61K | USD | 2 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.