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, 2018

Segment financial results were as follows for the three months ended March 31, 2018 and 2017 (in thousands):



	Three Months Ended March 31,
	2018		2017
Revenues:
Land and resource management	$	42,753	$	25,579
Water service and operations	17,254		4,828
Total consolidated revenues	$	60,007	$	30,407

Net income:
Land and resource management	$	32,811	$	14,445
Water service and operations	10,980		4,814
Total consolidated net income	$	43,791	$	19,259

Capital expenditures
Land and resource management	$	1,252	$	174
Water service and operations	10,589		1,738
Total capital expenditures	$	11,841	$	1,912

Depreciation and amortization:
Land and resource management	$	70	$	5
Water service and operations	260		14
Total depreciation and amortization	$	330	$	19

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, 2018 and December 31, 2017 (in thousands):



	March 31, 2018		December 31, 2017
Assets:
Land and resource management	$	92,676	$	97,549
Water service and operations	42,240		22,486
Total consolidated assets	$	134,916	$	120,035

Property, plant and equipment, net
Land and resource management	$	2,633	$	1,449
Water service and operations	28,396		18,067
Total consolidated property, plant and equipment, net	$	31,029	$	19,516