TPZ (TPZ)
Tortoise Electrification Infrastructure ETF
NYSE:TPZFinancial Services · Asset Management
+1.31%$20.64
AH Close$20.64+0.00%vs close
AH Close$20.64+0.00%vs close
Mkt Cap$121.57M
Float5.89M
O/S5.89M
Inst Own26.4%
Div Yield3.62%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$10.55M
Net Income$9.94M
Total Assets$120.8M
Free Cash Flow$13.76M
Debt & Equity
Debt 20%
Equity 80%
Total Debt$24.6M
Total Equity$95.72M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TPZ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$120.8M
Liabilities$25.08M
Accounts Receivable$1.23M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 |
| Revenue | $10.55M | $4.46M | $7.96M | -$20.28M | -$3.33M | $58K | -$6.87M |
| YoY Growth | 136.3% | -43.9% | -139.3% | 509.7% | -5850.4% | -100.8% | - |
| Cost of Revenue | $1.38M | $1.41M | $1.4M | $1.41M | $2.07M | $2.15M | $2.29M |
| Gross Profit | $9.16M | $3.05M | $6.56M | -$21.69M | -$5.4M | -$2.09M | -$9.16M |
| Gross Margin | 86.9% | 68.3% | 82.4% | 106.9% | 162.2% | -3621.2% | 133.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $376K | $547K | $461K | $859K | $507K | $532K | $493K |
| Other | $101K | $60K | $57K | $42K | $50K | $17K | $35K |
| Total Operating Expenses | $478K | $607K | $518K | $900K | $557K | $549K | $529K |
| Operating Income (EBIT) | $10.95M | $13.22M | $18.35M | -$24.57M | -$3.88M | $960K | -$6.44M |
| Operating Margin | 103.8% | 296.1% | 230.4% | 121.2% | 116.7% | 1659.9% | 93.7% |
| Interest Expense | $1M | $860K | $829K | $967K | $1.72M | $1.45M | $959K |
| Interest Income | $3.31M | $3.26M | $3.4M | $4.37M | $5.44M | $5.44M | $5.92M |
| Other Income (Expense) | -$1M | -$861K | -$828K | -$965K | $0 | $2.15M | -$959K |
| Income Before Tax (EBT) | $9.94M | $12.36M | $17.52M | -$25.54M | -$3.88M | -$491K | -$7.4M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | -$161K | -$53K |
| Net Income | $9.94M | $12.36M | $17.52M | -$25.54M | -$3.88M | -$491K | -$7.4M |
| Net Income Margin | 94.3% | 276.8% | 220.0% | 125.9% | 116.7% | -849.6% | 107.7% |
| Supplementary Data | |||||||
| EPS | 2.21 | 1.93 | 2.68 | -3.72 | -0.56 | -0.07 | -1.07 |
| Diluted EPS | 2.21 | 1.93 | 2.68 | -3.72 | -0.56 | -0.07 | -1.06 |
| Weighted Average OS | 4.50M | 6.40M | 6.53M | 6.87M | 6.95M | 6.95M | 6.95M |
| EBITDA | $10.95M | $13.22M | $18.35M | -$24.57M | -$3.88M | -$1.52M | -$6.44M |
| EBITDA Margin | 103.8% | 296.1% | 230.4% | 121.2% | 116.7% | -2632.2% | 93.7% |
Balance Sheet
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $0 | $0 | $0 | $0 | $13K | $0 | $0 |
| Short-Term Investments | $341K | $306K | $2.22M | $43K | $0 | $271K | $126K |
| Cash and Short-Term Investments | $341K | $306K | $2.22M | $43K | $13K | $271K | $126K |
| Accounts Receivable | $1.23M | $1.26M | $1.26M | $1.42M | $1.75M | $1.82M | $1.81M |
| Inventory | $0 | $0 | $1.28M | $1.43M | $2.02M | $0 | $0 |
| Other Current Assets | -$341K | -$306K | -$3.49M | -$1.48M | -$1.77M | -$2.09M | -$1.93M |
| Total Current Assets | $1.23M | $1.26M | $1.26M | $1.42M | $1.76M | $1.82M | $1.81M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $119.56M | $123.45M | $121.72M | $114.77M | $176.06M | $190.07M | $200.48M |
| Deferred Tax Assets | $0 | $124.72M | $123M | $116.21M | $177.84M | $0 | $0 |
| Other Long-Term Assets | $120.8M | -$124.72M | -$123M | -$116.21M | -$177.84M | -$190.07M | -$200.48M |
| Total Long-Term Assets | $119.56M | $123.45M | $121.72M | $114.77M | $176.06M | $190.07M | $200.48M |
| Other Assets | $17K | $4K | $22K | $21K | $18K | $9K | $8K |
| Total Assets | $120.8M | $124.72M | $123M | $116.21M | $177.84M | $191.91M | $202.29M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $0 | $0 | $139K | $128K | $0 | $447K | $325K |
| Short-Term Debt | $0 | $25.9M | $0 | $0 | $54.1M | $0 | $53.4M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | -$53.4M | -$53.07M |
| Other Current Liabilities | $0 | $26.27M | -$204K | $0 | -$54.1M | -$761K | -$325K |
| Total Current Liabilities | $190K | $52.37M | $139K | $302K | $292K | $761K | $325K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $24.6M | $25.9M | $24M | $26.2M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $26.47M | $24.54M | $26.79M | $54.83M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | -$571K | -$539K | -$586K | -$728K | $0 | $0 |
| Other Long-Term Liabilities | $0 | -$25.9M | -$24M | -$26.2M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $24.6M | $25.9M | $24M | $26.2M | $54.1M | $53.4M | $53.4M |
| Other Liabilities | $288K | -$52.37M | $400K | $284K | $436K | $421K | $323K |
| Total Liabilities | $25.08M | $26.47M | $24.54M | $26.79M | $54.83M | $54.58M | $54.05M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $6K | $6K | $7K | $7K | $7K | $7K | $7K |
| Retained Earnings | -$3.5M | -$9.36M | -$19.71M | -$34.96M | -$5.27M | $8.34M | $4.66M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $123.01M | $0 | $14.78M |
| Other Stockholders' Equity | $99.22M | $107.6M | $118.17M | $124.38M | $128.28M | $128.97M | $143.58M |
| Total Equity | $95.72M | $98.24M | $98.46M | $89.43M | $123.01M | $137.32M | $148.24M |
| Minority Interest | $0 | $25.59M | $21.78M | $0 | $53.84M | $0 | $0 |
| Total Liabilities and Equity | $120.8M | $124.72M | $123M | $116.21M | $177.84M | $191.91M | $202.29M |
| Supplementary Data | |||||||
| Total Debt | $24.6M | $25.9M | $24M | $26.2M | $54.1M | $53.4M | $53.4M |
| Net Debt | $24.6M | $25.9M | $24M | $26.2M | $54.09M | $53.4M | $53.4M |
Cash Flow Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 |
| Operating Activities | |||||||
| Net Income | $9.94M | $12.36M | $17.52M | -$25.54M | -$3.88M | -$491K | -$7.4M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $33K | $13K | $160K | -$2K | $63K | -$18K | $128K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$6K | -$8K | $30K | -$118K | -$469K | $435K | -$14K |
| Other Working Capital | -$100K | $42K | $50K | -$144K | $10K | $97K | $75K |
| Total Working Capital Change | -$73K | $47K | $239K | -$264K | -$396K | $515K | $189K |
| Other Non-Cash Items | $3.89M | -$1.73M | -$6.95M | $61.61M | $14.02M | $10.4M | $14.84M |
| Net Cash from Operating | $13.76M | $10.67M | $10.81M | $35.81M | $9.74M | $10.43M | $7.63M |
| Investing Activities | |||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$11.71M | -$6.06M | -$32.64M | -$37.88M | -$48.01M | -$62M | -$67.57M |
| Sales of Investments | $20.49M | $9.66M | $40.19M | $67.26M | $48.67M | $63.17M | $65.49M |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $8.78M | $3.6M | $7.55M | $29.38M | $657K | $1.17M | -$2.07M |
| Financing Activities | |||||||
| Debt Repaid | $1.3M | -$1.9M | $2.2M | $27.9M | -$700K | - | -$2.8M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$4.97M | -$4.37M | -$625K | $0 | $0 | $0 |
| Dividends Paid | -$7.78M | -$7.6M | -$4.24M | -$7.3M | -$10.43M | -$10.43M | -$10.43M |
| Other Financing Activities | -$4.68M | $3.07M | $6.57M | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$13.76M | -$10.67M | -$10.81M | -$35.82M | -$9.73M | -$10.43M | -$7.63M |
| Forex Effect | $0 | $0 | $0 | -$29.38M | -$657K | $0 | $0 |
| Net Change in Cash | $8.78M | $3.6M | $7.55M | -$13K | $13K | $1.17M | -$2.07M |
| Supplementary Data | |||||||
| Operating Cash Flow | $13.76M | $10.67M | $10.81M | $35.81M | $9.74M | $10.43M | $7.63M |
| Capital Expenditure | -$4 | $0 | $4 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $13.76M | $10.67M | $10.81M | $35.81M | $9.74M | $10.43M | $7.63M |
| Cash at Beginning | $0 | $0 | $0 | $13K | $1.17M | $0 | $0 |
| Cash at End | $8.78M | $3.6M | $7.55M | $0 | $13K | $1.17M | -$2.07M |