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

Business Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2018

Segment financial results were as follows for the three and six months ended June 30, 2018 and 2017 (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Revenues:
Land and resource management	$	52,376	$	25,286	$	95,129	$	50,865
Water service and operations	21,468		7,007		38,722		11,835
Total consolidated revenues	$	73,844	$	32,293	$	133,851	$	62,700

Net income:
Land and resource management	$	40,505	$	17,665	$	73,315	$	32,111
Water service and operations	11,998		2,685		22,979		7,498
Total consolidated net income	$	52,503	$	20,350	$	96,294	$	39,609

Capital expenditures
Land and resource management	$	303	$	332	$	1,555	$	506
Water service and operations	19,420		1,366		30,009		3,104
Total capital expenditures	$	19,723	$	1,698	$	31,564	$	3,610

Depreciation and amortization:
Land and resource management	$	100	$	14	$	170	$	19
Water service and operations	383		71		643		85
Total depreciation and amortization	$	483	$	85	$	813	$	104

The following table presents total assets and property, plant and equipment, net by segment as of June 30, 2018 and December 31, 2017 (in thousands):



	June 30, 2018		December 31, 2017
Assets:
Land and resource management	$	108,616	$	97,549
Water service and operations	68,055		22,486
Total consolidated assets	$	176,671	$	120,035

Property, plant and equipment, net
Land and resource management	$	2,839	$	1,449
Water service and operations	47,434		18,067
Total consolidated property, plant and equipment, net	$	50,273	$	19,516