Texas Pacific Land Corporation (TPL)

NYSE Energy Oil & Gas Exploration & Production S&P 500

$272.36

+0.18 (+0.07%)

Close of Nov 06, 2026 · end-of-day data

Source: Texas Pacific Land Corporation's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$300.22M	$490.50M	$302.56M	$450.96M	$667.42M	$631.60M	$705.82M	$798.19M
Operating income	$260.83M	$399.57M	$217.26M	$362.39M	$562.31M	$486.05M	$539.14M	$592.16M
Interest expense	—	—	—	—	—	$0	$0	$690.00K
Pre-tax income	$261.75M	$402.25M	$219.66M	$363.02M	$568.86M	$517.56M	$578.82M	$610.33M
Income tax	$52.01M	$83.53M	$43.61M	$93.04M	$122.49M	$111.92M	$124.86M	$128.95M
Net income	$209.74M	$318.73M	$176.05M	$269.98M	$446.36M	$405.64M	$453.96M	$481.38M
EBITDA	$263.42M	$408.48M	$231.66M	$378.65M	$577.68M	$500.81M	$564.30M	$654.69M
EPS (basic)	$26.93	$41.09	$22.70	$34.83	$19.27	$5.87	$6.58	$6.98
EPS (diluted)	$26.93	$41.09	$22.70	$34.83	$19.26	$5.86	$6.57	$6.97
Diluted shares	7.79M	7.76M	7.76M	7.75M	23.18M	69.18M	69.06M	69.03M
Operating margin	86.9%	81.5%	71.8%	80.4%	84.3%	77.0%	76.4%	74.2%
Net margin	69.9%	65.0%	58.2%	59.9%	66.9%	64.2%	64.3%	60.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$123.45M	$303.64M	$281.05M	$428.24M	$510.83M	$725.17M	$369.83M	$144.81M
Receivables	—	—	—	—	—	—	—	$164.91M
Total current assets	—	—	$332.53M	$526.51M	$633.40M	$862.46M	$503.37M	$319.32M
Total assets	—	$598.18M	$571.63M	$764.06M	$877.43M	$1.16B	$1.25B	$1.62B
Total current liabilities	—	—	$21.38M	$50.90M	$39.59M	$44.39M	$46.56M	$72.60M
Total liabilities	—	$86.04M	$86.45M	$112.35M	$104.54M	$113.20M	$115.56M	$164.37M
Shareholders' equity	$244.69M	$512.14M	$485.18M	$651.71M	$772.89M	$1.04B	$1.13B	$1.46B

Cash flow

fiscal years · USD

Fiscal year	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$195.45M	$342.79M	$207.04M	$265.16M	$447.15M	$418.29M	$490.67M	$545.91M
Capital expenditures	$47.88M	$32.21M	$5.09M	$16.41M	$18.97M	—	—	—
Free cash flow	$147.57M	$310.58M	$201.95M	$248.75M	$428.18M	$418.29M	$490.67M	$545.91M
Investing cash flow	-$81.53M	-$111.69M	-$26.00M	-$15.00M	-$21.40M	-$60.31M	-$471.75M	-$595.85M
Financing cash flow	-$70.05M	-$50.90M	-$201.66M	-$104.95M	-$336.81M	-$144.61M	-$378.09M	-$176.04M
Dividends paid	$31.65M	$46.55M	$201.66M	$85.26M	$247.28M	$99.97M	$347.31M	$147.80M
Share buybacks	$38.40M	$4.35M	$0	$19.68M	$87.77M	$42.57M	$29.16M	$8.38M
Stock-based compensation	—	$0	$0	$28.00K	$8.43M	$10.34M	$12.50M	$15.13M
Depreciation & amortization	$2.58M	$8.91M	$14.39M	$16.26M	$15.38M	$14.76M	$25.16M	$62.53M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$166.66M	$174.14M	$172.33M	$173.56M	$185.78M	$195.98M	$187.54M	$203.09M	$211.58M	$236.82M	$246.06M	$273.39M
Operating income	$133.86M	$136.04M	$133.22M	$127.33M	$142.54M	$150.07M	$143.75M	$149.09M	$149.25M	$182.33M	$191.82M	$207.78M
Interest expense	—	—	—	—	—	$0	$0	$0	$690.00K	$992.00K	$973.00K	$981.00K
Pre-tax income	$145.13M	$145.98M	$146.44M	$135.42M	$150.98M	$154.39M	$148.99M	$155.18M	$151.76M	$183.56M	$193.70M	$210.39M
Income tax	$32.02M	$31.57M	$31.85M	$28.82M	$32.62M	$33.74M	$32.85M	$33.94M	$28.42M	$40.66M	$39.77M	$43.02M
Net income	$113.11M	$114.42M	$114.59M	$106.59M	$118.36M	$120.65M	$116.14M	$121.24M	$123.35M	$142.90M	$153.93M	$167.37M
EBITDA	$137.74M	$139.88M	$137.31M	$133.09M	$154.01M	$162.01M	$157.45M	$164.05M	$171.18M	$196.37M	$208.46M	$230.62M
EPS (basic)	$-6.82	$4.97	$4.99	$4.64	$-8.02	$1.75	$1.68	$1.76	$1.79	$2.07	$2.23	$2.43
EPS (diluted)	$-6.82	$4.97	$4.98	$4.63	$-8.01	$1.75	$1.68	$1.76	$1.78	$2.07	$2.23	$2.42
Diluted shares	46.11M	23.02M	23.01M	23.01M	46.04M	69.02M	69.04M	69.03M	2.65K	69.01M	69.03M	69.04M
Operating margin	80.3%	78.1%	77.3%	73.4%	76.7%	76.6%	76.6%	73.4%	70.5%	77.0%	78.0%	76.0%
Net margin	67.9%	65.7%	66.5%	61.4%	63.7%	61.6%	61.9%	59.7%	58.3%	60.3%	62.6%	61.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$725.17M	$837.10M	$894.70M	$533.91M	$369.83M	$460.38M	$543.93M	$531.81M	$144.81M	$247.57M	$248.61M	$369.56M
Receivables	—	—	—	—	—	—	—	—	$164.91M	—	$174.77M	$169.54M
Total current assets	$862.46M	$963.83M	$1.02B	$708.97M	$503.37M	$606.92M	$667.50M	$737.17M	$319.32M	$435.08M	$428.44M	$553.38M
Total assets	$1.16B	$1.26B	$1.32B	$1.18B	$1.25B	$1.35B	$1.40B	$1.52B	$1.62B	$1.75B	$1.86B	$1.99B
Total current liabilities	$44.39M	$70.87M	$44.27M	$57.33M	$46.56M	$77.86M	$45.13M	$67.90M	$72.60M	$102.92M	$94.12M	$102.31M
Total liabilities	$113.20M	$136.72M	$109.37M	$123.44M	$115.56M	$147.03M	$115.72M	$156.95M	$164.37M	$195.51M	$187.08M	$185.94M
Shareholders' equity	$1.04B	$1.12B	$1.21B	$1.05B	$1.13B	$1.21B	$1.29B	$1.37B	$1.46B	$1.56B	$1.67B	$1.80B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$111.43M	$147.24M	$98.29M	$118.56M	$126.58M	$156.73M	$120.90M	$154.61M	$113.67M	$162.01M	$172.86M	$192.39M
Free cash flow	$111.43M	$147.24M	$98.29M	$118.56M	$126.58M	$156.73M	$120.90M	$154.61M	$113.67M	$162.01M	$172.86M	$192.39M
Investing cash flow	-$4.40M	-$2.24M	-$7.41M	-$216.12M	-$245.99M	-$12.52M	-$3.93M	-$121.16M	-$458.24M	-$8.39M	-$130.98M	-$30.06M
Financing cash flow	-$36.02M	-$38.45M	-$33.27M	-$263.24M	-$43.12M	-$51.79M	-$36.83M	-$45.58M	-$41.83M	-$50.86M	-$41.44M	-$41.38M
Dividends paid	$24.99M	$26.91M	$26.89M	$256.75M	$36.76M	$37.43M	$36.78M	$36.81M	$36.77M	$41.80M	$41.39M	$41.38M
Share buybacks	$10.25M	$10.34M	$6.38M	$6.07M	$6.36M	$100.00K	$0	$8.28M	$0	$0	$0	$0
Stock-based compensation	$2.23M	$3.35M	$2.70M	$2.94M	$3.51M	$4.40M	$3.48M	$3.49M	$3.76M	$5.06M	$4.39M	$4.17M
Depreciation & amortization	$3.88M	$3.84M	$4.09M	$5.76M	$11.47M	$11.94M	$13.70M	$14.96M	$21.93M	$14.04M	$16.64M	$22.83M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.