Texas Pacific Land Corp (TPL) Financial Statements
Industry: Oil Royalty Traders
In fiscal 2025, Texas Pacific Land reported revenue of $798.2M, up 13.1% from $705.8M the year before. Net income was $481.4M (a 60.3% net margin), or $6.97 per diluted share. Gross margin was 74.2% and operating margin was 74.2%. Operating activities generated $545.9M of cash. At fiscal year end, Texas Pacific Land held $1.62B in total assets against $164.4M in total liabilities, including $144.8M of cash and equivalents.
Open the full interactive Texas Pacific Land financials → Quarterly statements, key ratios, valuation history and price charts.
Texas Pacific Land Key Stats
| Share Price | $369.13 |
|---|---|
| Market Cap | $25.48B |
| P/E Ratio | 53.0 |
| Dividend Yield | 0.62% |
| Revenue YoY Growth | +13.1% |
| 52-Week Range | $272.40 – $538.10 |
| Shares Outstanding | 69.0 million (basic, 2026 Q2) |
Texas Pacific Land Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $302.6M | $451.0M | $667.4M | $631.6M | $705.8M | $798.2M |
| Cost of Goods Sold | $85.3M | $88.6M | $105.1M | $145.5M | $166.7M | $206.0M |
| Gross Profit | $217.3M | $362.4M | $562.3M | $486.1M | $539.1M | $592.2M |
| Operating Income | $217.3M | $362.4M | $562.3M | $486.1M | $539.1M | $592.2M |
| Pre-Tax Income | $219.7M | $363.0M | $568.9M | $517.6M | $578.8M | $610.3M |
| Income Tax | $43.6M | $93.0M | $122.5M | $111.9M | $124.9M | $129.0M |
| Net Income | $176.0M | $270.0M | $446.4M | $405.6M | $454.0M | $481.4M |
| Diluted EPS | $2.52 | $3.87 | $6.42 | $5.86 | $6.57 | $6.97 |
Texas Pacific Land Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $203.1M | $211.6M | $236.8M | $246.1M |
| Net Income | $121.2M | $123.3M | $142.9M | $153.9M |
| Diluted EPS | $1.76 | $1.79 | $2.07 | $2.23 |
Texas Pacific Land Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $281.0M | $428.2M | $510.8M | $725.2M | $369.8M | $144.8M |
| Current Assets | — | $526.5M | $633.4M | $862.5M | $503.4M | $319.3M |
| Total Assets | $571.6M | $764.1M | $877.4M | $1.16B | $1.25B | $1.62B |
| Current Liabilities | — | $50.9M | $39.6M | $44.4M | $46.6M | $72.6M |
| Total Liabilities | $86.5M | $112.4M | $104.5M | $113.2M | $115.6M | $164.4M |
| Shareholders' Equity | $485.2M | $651.7M | $772.9M | $1.04B | $1.13B | $1.46B |
Texas Pacific Land Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $207.0M | $265.2M | $447.1M | $418.3M | $490.7M | $545.9M |
| Cash From Investing | -$26.0M | -$15.0M | -$21.4M | -$60.3M | -$471.7M | -$595.8M |
| Cash From Financing | -$201.7M | -$104.9M | -$336.8M | -$144.6M | -$378.1M | -$176.0M |
| Free Cash Flow | $202.0M | $248.7M | $428.2M | — | — | — |
| Dividends Paid | $201.7M | $85.3M | $247.3M | $100.0M | $347.3M | $147.8M |
Figures from Texas Pacific Land's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Texas Pacific Land financials page for every line item.
Texas Pacific Land Company Profile
| Ticker | TPL |
|---|---|
| Exchange | NYSE |
| Industry | Oil Royalty Traders |
| Headquarters | Dallas, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001811074 |
Frequently Asked Questions
What was Texas Pacific Land's revenue in fiscal 2025?
Texas Pacific Land (TPL) reported revenue of $798.2M for fiscal 2025.
What is Texas Pacific Land's annual revenue history?
Texas Pacific Land's annual revenue by fiscal year: 2020: $302.6M; 2021: $451.0M; 2022: $667.4M; 2023: $631.6M; 2024: $705.8M; 2025: $798.2M.
What was Texas Pacific Land's net income in fiscal 2025?
Texas Pacific Land reported net income of $481.4M for fiscal 2025.
What was Texas Pacific Land's earnings per share (EPS) in fiscal 2025?
Texas Pacific Land's diluted EPS was $6.97 for fiscal 2025 (adjusted for any later stock splits).
What was Texas Pacific Land's revenue last quarter?
In its most recent reported quarter (2026 Q2), Texas Pacific Land reported revenue of $246.1M.
How many shares of Texas Pacific Land are outstanding?
Texas Pacific Land reported a weighted average of 69.0 million basic shares outstanding in 2026 Q2.
What is Texas Pacific Land's market cap?
Based on its latest closing price, Texas Pacific Land (TPL) has a market capitalization of about $25.48B.
When does Texas Pacific Land's fiscal year end?
Texas Pacific Land's fiscal year end, as registered with the SEC, is December 31.
Where is Texas Pacific Land headquartered?
Texas Pacific Land lists its business address in Dallas, Texas in its SEC filings.