Quarterly report pursuant to Section 13 or 15(d)

Note 1

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Note 1
6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
Basis of Accounting [Text Block]
(1)
In the opinion of management, the accompanying unaudited financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position of Texas Pacific Land Trust (the “Trust”) as of June 30, 2015 and the results of its operations for the three month and six month periods ended June 30, 2015 and 2014, respectively, and its cash flows for the six month periods ended June 30, 2015 and 2014, respectively. The financial statements and footnotes included herein should be read in conjunction with the Trust’s annual financial statements as of December 31, 2014 and 2013 and for each of the years in the three year period ended December 31, 2014 included in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2014.
Beginning with the second quarter of 2015, the Trust updated the format of the revenue section in the Statements of Income and Total Comprehensive Income to provide more detail regarding revenue sources.