Texas Pacific Land Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting (Tables)

Business Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

Segment financial results were as follows for the three months ended March 31, 2019 and 2018 (in thousands):



	Three Months Ended March 31,
	2019		2018
Revenues:
Land and resource management	$	160,459	$	42,753
Water service and operations	30,865		17,254
Total consolidated revenues	$	191,324	$	60,007

Net income:
Land and resource management	$	123,117	$	32,811
Water service and operations	16,881		10,980
Total consolidated net income	$	139,998	$	43,791

Capital expenditures
Land and resource management	$	534	$	1,252
Water service and operations	8,713		10,589
Total capital expenditures	$	9,247	$	11,841

Depreciation and amortization:
Land and resource management	$	177	$	70
Water service and operations	1,027		260
Total depreciation and amortization	$	1,204	$	330

Schedule of Total Assets And Property, Plant, and Equipment

The following table presents total assets and property, plant and equipment, net by segment as of March 31, 2019 and December 31, 2018 (in thousands):



	March 31, 2019		December 31, 2018
Assets:
Land and resource management	$	297,450	$	198,922
Water service and operations	107,456		86,153
Total consolidated assets	$	404,906	$	285,075

Property, plant and equipment, net
Land and resource management	$	4,052	$	3,720
Water service and operations	68,769		61,082
Total consolidated property, plant and equipment, net	$	72,821	$	64,802