Texas Pacific Land Corporation Annual report pursuant to Section 13 and 15(d)

Business Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Segment financial results were as follows (in thousands):



	Years Ended December 31,
	2018		2017		2016
Revenues:
Land and resource management	$	211,476	$	123,340	$	57,984
Water service and operations	88,744		31,294		8,125
Total consolidated revenues	$	300,220	$	154,634	$	66,109

Net income:
Land and resource management	$	159,611	$	78,468	$	37,049
Water service and operations	50,125		18,763		5,226
Total consolidated net income	$	209,736	$	97,231	$	42,275

Capital Expenditures:
Land and resource management	$	2,790	$	920	$	478
Water service and operations	45,088		17,827		499
Total capital expenditures	$	47,878	$	18,747	$	977

Depreciation and amortization:
Land and resource management	$	506	$	136	$	24
Water service and operations	2,077		240		19
Total depreciation and amortization	$	2,583	$	376	$	43



	December 31, 2018		December 31, 2017
Total Assets:
Land and resource management	$	198,922	$	97,549
Water service and operations	86,153		22,486
Total consolidated assets	$	285,075	$	120,035
Property, plant and equipment, net:
Land and resource management	$	3,720	$	1,449
Water service and operations	61,082		18,067
Total consolidated property, plant and equipment, net	$	64,802	$	19,516