10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-17-018504 |
| Period End Date | 20170930 |
| Filing Date | 20171107 |
| Fiscal Year | 2017 |
| Fiscal Period | Q3 |
| XBRL Instance | tpl-20170930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate acquired, acres (Acre) |
LandInAcres
|
10,065.00 | acre | Point-in-time |
| Real estate acquired, acres (Acre) |
LandInAcres
|
10,065.00 | acre | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$69.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$49.42M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$45.50M | USD | Point-in-time |
| Accrued receivables |
OtherReceivables
|
$6.55M | USD | Point-in-time |
| Accrued receivables |
OtherReceivables
|
$23.38M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$598.14K | USD | Point-in-time |
| Certificates of proprietary interest, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$100.00 | USD | Point-in-time |
| Other assets |
OtherAssets
|
$232.97K | USD | Point-in-time |
| Certificates of proprietary interest, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$100.00 | USD | Point-in-time |
| Deferred tax asset |
DeferredIncomeTaxAssetsNet
|
$12.25M | USD | Point-in-time |
| Deferred tax asset |
DeferredIncomeTaxAssetsNet
|
$3.87M | 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 |
| Notes receivable for land sales |
NotesAndLoansReceivableNetNoncurrent
|
$46.39K | USD | Point-in-time |
| Notes receivable for land sales |
NotesAndLoansReceivableNetNoncurrent
|
$94.97K | USD | 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 |
| Water wells, vehicles, furniture, and equipment at cost less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$1.17M | USD | Point-in-time |
| Sub-share certificates of proprietary interest, outstanding (in shares) |
CommonStockSharesOutstanding
|
7.93M | shares | Point-in-time |
| Sub-share certificates of proprietary interest, outstanding (in shares) |
CommonStockSharesOutstanding
|
7.84M | shares | Point-in-time |
| Water wells, vehicles, furniture, and equipment at cost less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$8.80M | USD | Point-in-time |
| Real estate acquired: (10,065 acres at September 30, 2017 and 10,065 acres at December 31, 2016) |
RealEstateGrossAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Real estate acquired: (10,065 acres at September 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
|
$115.69M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$2.75M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$826.77K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$7.20M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$1.95M | USD | Point-in-time |
| Other taxes payable |
TaxesPayableCurrentAndNoncurrent
|
$466.35K | USD | Point-in-time |
| Other taxes payable |
TaxesPayableCurrentAndNoncurrent
|
$276.81K | USD | Point-in-time |
| Unearned revenue |
DeferredRevenueCurrent
|
$11.78M | USD | Point-in-time |
| Unearned revenue |
DeferredRevenueCurrent
|
$37.44M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$14.83M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$47.85M | 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 |
| 7,839,042 Sub-shares in 2017 and 7,927,314 Sub-shares in 2016 |
CommonStockValue
|
- | USD | Point-in-time |
| 7,839,042 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
|
$-907.15K | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$48.58M | USD | Point-in-time |
| Net proceeds from all sources |
RetainedEarningsUnappropriated
|
$68.75M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$67.84M | USD | Point-in-time |
| Total capital |
StockholdersEquity
|
$47.62M | USD | Point-in-time |
| LiabilitiesAndStockholdersEquity |
LiabilitiesAndStockholdersEquity
|
$115.69M | USD | Point-in-time |
| LiabilitiesAndStockholdersEquity |
LiabilitiesAndStockholdersEquity
|
$62.45M | USD | Point-in-time |
Income Statement
76 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Oil and gas royalties |
RoyaltyRevenue
|
$21.21M | USD | 1 Quarter |
| Oil and gas royalties |
RoyaltyRevenue
|
$45.29M | USD | 3 Qtrs |
| Oil and gas royalties |
RoyaltyRevenue
|
$20.93M | USD | 3 Qtrs |
| Oil and gas royalties |
RoyaltyRevenue
|
$8.45M | USD | 1 Quarter |
| Easements and sundry income |
OtherRealEstateRevenue
|
$13.22M | USD | 1 Quarter |
| Easements and sundry income |
OtherRealEstateRevenue
|
$2.93M | USD | 1 Quarter |
| Easements and sundry income |
OtherRealEstateRevenue
|
$28.59M | USD | 3 Qtrs |
| Easements and sundry income |
OtherRealEstateRevenue
|
$14.54M | USD | 3 Qtrs |
| Water sales and royalties |
WaterSalesAndRoyalties
|
$19.58M | USD | 3 Qtrs |
| Water sales and royalties |
WaterSalesAndRoyalties
|
$2.27M | USD | 1 Quarter |
| Water sales and royalties |
WaterSalesAndRoyalties
|
$7.92M | USD | 1 Quarter |
| Water sales and royalties |
WaterSalesAndRoyalties
|
$5.94M | USD | 3 Qtrs |
| Land sales |
LandSales
|
- | USD | 1 Quarter |
| Land sales |
LandSales
|
$485.50K | USD | 1 Quarter |
| Land sales |
LandSales
|
$571.50K | USD | 3 Qtrs |
| Land sales |
LandSales
|
$220.40K | USD | 3 Qtrs |
| Other income |
OtherSalesRevenueNet
|
$373.65K | USD | 3 Qtrs |
| Other income |
OtherSalesRevenueNet
|
$124.62K | USD | 1 Quarter |
| Other income |
OtherSalesRevenueNet
|
$124.76K | USD | 1 Quarter |
| Other income |
OtherSalesRevenueNet
|
$373.47K | USD | 3 Qtrs |
| Revenues |
Revenues
|
$42.48M | USD | 1 Quarter |
| Revenues |
Revenues
|
$42.35M | USD | 3 Qtrs |
| Revenues |
Revenues
|
$94.05M | USD | 3 Qtrs |
| Revenues |
Revenues
|
$14.27M | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$796.63K | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$497.24K | USD | 1 Quarter |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$2.22M | USD | 3 Qtrs |
| Taxes, other than income taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$1.24M | USD | 3 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$676.33K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$2.12M | USD | 3 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$2.61M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$5.93M | USD | 3 Qtrs |
| CostsAndExpenses |
CostsAndExpenses
|
$8.15M | USD | 3 Qtrs |
| CostsAndExpenses |
CostsAndExpenses
|
$3.41M | USD | 1 Quarter |
| CostsAndExpenses |
CostsAndExpenses
|
$1.17M | USD | 1 Quarter |
| CostsAndExpenses |
CostsAndExpenses
|
$3.36M | USD | 3 Qtrs |
| Operating income |
OperatingIncomeLoss
|
$85.91M | USD | 3 Qtrs |
| Operating income |
OperatingIncomeLoss
|
$39.07M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$13.09M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$38.99M | USD | 3 Qtrs |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$7.50K | USD | 1 Quarter |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$20.07K | USD | 1 Quarter |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$39.13K | USD | 3 Qtrs |
| Interest income earned from investments |
InvestmentIncomeInterest
|
$19.29K | USD | 3 Qtrs |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$13.10M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$39.01M | USD | 3 Qtrs |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$39.09M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$85.95M | USD | 3 Qtrs |
| Income taxes |
IncomeTaxExpenseBenefit
|
$12.67M | USD | 3 Qtrs |
| Income taxes |
IncomeTaxExpenseBenefit
|
$4.17M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$12.69M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$27.94M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$8.93M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$58.00M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$26.40M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$26.33M | USD | 3 Qtrs |
| Other comprehensive income periodic pension costs, net of income taxes of $9,407, $12,909, $28,221, and $38,728, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$52.41K | USD | 3 Qtrs |
| Other comprehensive income periodic pension costs, net of income taxes of $9,407, $12,909, $28,221, and $38,728, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$68.57K | USD | 3 Qtrs |
| Other comprehensive income periodic pension costs, net of income taxes of $9,407, $12,909, $28,221, and $38,728, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$22.86K | USD | 1 Quarter |
| Other comprehensive income periodic pension costs, net of income taxes of $9,407, $12,909, $28,221, and $38,728, respectively |
OtherComprehensiveIncomeLossNetOfTax
|
$17.47K | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$8.95M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$58.05M | USD | 3 Qtrs |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$26.42M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$26.40M | USD | 3 Qtrs |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.98M | shares | 1 Quarter |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.87M | shares | 3 Qtrs |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.85M | shares | 1 Quarter |
| Average number of sub-share certificates and equivalent sub-share certificates outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
8.03M | shares | 3 Qtrs |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$3.36 | USD | 1 Quarter |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$7.37 | USD | 3 Qtrs |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$3.28 | USD | 3 Qtrs |
| Basic and dilutive earnings per sub-share certificate on net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$1.12 | USD | 1 Quarter |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
- | USD | 1 Quarter |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
$1.35 | USD | 3 Qtrs |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
$0.31 | USD | 3 Qtrs |
| Cash dividends per sub-share certificate |
PaymentsOfCapitalDistribution
|
- | USD | 1 Quarter |
Cash Flow Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$8.93M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$58.00M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$26.40M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$26.33M | USD | 3 Qtrs |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-22.00K | USD | 3 Qtrs |
| Deferred taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$8.38M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$18.67K | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$312.53K | USD | 3 Qtrs |
| (Gain) loss on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$3.90K | USD | 3 Qtrs |
| (Gain) loss on disposal of fixed assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-8.20K | USD | 3 Qtrs |
| Accrued receivables and other assets |
IncreaseDecreaseInReceivables
|
$3.16M | USD | 3 Qtrs |
| Accrued receivables and other assets |
IncreaseDecreaseInReceivables
|
$17.19M | USD | 3 Qtrs |
| Prepaid income taxes |
IncreaseDecreaseInPrepaidTaxes
|
- | USD | 3 Qtrs |
| Prepaid income taxes |
IncreaseDecreaseInPrepaidTaxes
|
$202.49K | USD | 3 Qtrs |
| Notes receivable for land sales |
IncreaseDecreaseInNotesReceivables
|
$-44.14K | USD | 3 Qtrs |
| Notes receivable for land sales |
IncreaseDecreaseInNotesReceivables
|
$-48.58K | USD | 3 Qtrs |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$7.71M | USD | 3 Qtrs |
| Accounts payable, accrued expenses and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$27.82M | USD | 3 Qtrs |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-634.91K | USD | 3 Qtrs |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$5.25M | USD | 3 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$30.14M | USD | 3 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$65.86M | USD | 3 Qtrs |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$27.50K | USD | 3 Qtrs |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$18.00K | USD | 3 Qtrs |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$368.94K | USD | 3 Qtrs |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$7.97M | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-350.94K | USD | 3 Qtrs |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-7.94M | USD | 3 Qtrs |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
PaymentsForRepurchaseOfCommonStock
|
$27.16M | USD | 3 Qtrs |
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest |
PaymentsForRepurchaseOfCommonStock
|
$26.80M | USD | 3 Qtrs |
| Dividends paid |
PaymentsOfDividends
|
$2.51M | USD | 3 Qtrs |
| Dividends paid |
PaymentsOfDividends
|
$10.68M | USD | 3 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-29.31M | USD | 3 Qtrs |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-37.84M | USD | 3 Qtrs |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$20.08M | USD | 3 Qtrs |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$484.21K | USD | 3 Qtrs |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$69.50M | 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
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.50M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$69.50M | 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
|
$45.01M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$45.50M | USD | Point-in-time |
Comprehensive Income
4 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$9.41K | USD | 1 Quarter |
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$38.73K | USD | 3 Qtrs |
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$12.91K | USD | 1 Quarter |
| Other comprehensive income, tax |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$28.22K | USD | 3 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.