Company research / TPL

Texas Pacific Land Corp (TPL)

CIK 0001811074 · NYSE · Oil Royalty Traders

  • Sector Finance & Real Estate
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Texas Pacific Land Corp reported revenue of $798.19M. Revenue grew 13.1% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $897.54M.

Key ratios (year ended 2025-12-31)

74.2%
Operating margin
60.3%
Net margin
33.0%
Return on year-end equity
13.1%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-01

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 3-for-1, first reflected in a filing dated 2024-05-08; 3-for-1, first reflected in a filing dated 2026-02-18. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Revenue$897.54M$798.19M$705.82M$631.60M$667.42M$450.96M$302.56M$490.50M$300.22M
Operating Income$672.48M$592.16M$539.14M$486.05M$562.31M$362.39M$217.26M$399.57M$260.83M
Depreciation & Amortization$67.58M$62.53M$25.16M$14.76M$15.38M$16.26M$14.39M$8.91M$2.58M
EBITDA$740.06M$654.69M$564.30M$500.81M$577.68M$378.65M$231.66M$408.48M$263.42M
Net Income$541.42M$481.38M$453.96M$405.64M$446.36M$269.98M$176.05M$318.73M$209.74M
EPS (Diluted)n/a$6.97$6.57$5.86$19.26$34.83$22.70$41.09n/a
Total Assets$1.86B$1.62B$1.25B$1.16B$877.43M$764.06M$571.63M$598.18Mn/a
Total Liabilities$187.08M$164.37M$115.56M$113.20M$104.54M$112.35M$86.45M$86.04Mn/a
Shareholders' Equity$1.67B$1.46B$1.13B$1.04B$772.89M$651.71M$485.18M$512.14M$244.69M
Cash & Equivalents$248.61M$144.81M$369.83M$725.17M$510.83M$428.24M$281.05M$303.64Mn/a
Operating Cash Flow$603.15M$545.91M$490.67M$418.29M$447.15M$265.16M$207.04M$342.79M$195.45M
Capital Expendituresn/an/an/an/a$18.97M$16.41M$5.09M$32.21M$47.88M
Free Cash Flown/an/an/an/a$428.18M$248.75M$201.95M$310.58M$147.57M
Share Repurchases$8.28M$8.38M$29.16M$42.57M$87.77M$19.68M$0$4.35M$38.40M
Dividends Paid$156.76M$147.80M$347.31M$99.97M$247.28M$85.26M$201.66M$46.55M$31.65M
Shares Outstanding68.97M68.94M68.92M23.01M7.70M7.74M7.76M7.76Mn/a
Dividends Per Sharen/a$2.13n/a$1.44n/a$11.00$10.00$1.75n/a
Weighted Average Diluted Sharesn/a69.03M69.06M69.18M23.18M7.75M7.76M7.76M7.79M
EPS (Basic)n/a$6.98$6.58$5.87$19.27$34.83$22.70$41.09n/a

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