TPLNYSEOil Royalty TradersFiscal year ends December 31
Texas Pacific Land Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$344.61−6.31 (-1.80%)
Close on Oct 19, 2026
- Market cap
- $23.79B
- P/E (TTM)
- 43.9
- Dividend yield
- 0.62%
Texas Pacific Land Corp revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| LRM | $490.73M | $440.79M | $432.11M | $506.98M | $320.39M | $195.14M | $363.33M | $211.48M | 61.5% | +11.3% |
| WSO | $307.46M | $265.03M | $199.49M | $160.45M | $130.57M | $107.42M | $127.17M | $88.74M | 38.5% | +16.0% |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| LRM | $394.41M | $369.54M | $360.63M | $458.86M | – | – | – | – | +6.7% |
| WSO | $197.75M | $169.59M | $125.43M | $103.45M | – | – | – | – | +16.6% |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| Oil and gas royalties | $411.68M | $373.33M | $357.39M | $452.43M | $286.47M | $137.95M | $154.73M | $123.83M | 51.6% | +10.3% |
| Water sales | $169.70M | $150.72M | $112.20M | $84.73M | $67.77M | $54.86M | $84.95M | $63.91M | 21.3% | +12.6% |
| Produced water royalties | $124.22M | $104.12M | $84.26M | $72.23M | $58.08M | $50.64M | $39.12M | – | 15.6% | +19.3% |
| Easements and other surface-related income | $91.78M | $73.26M | $70.93M | $48.35M | $37.62M | $41.40M | $76.24M | $88.74M | 11.5% | +25.3% |
| Land sales | $819.00K | $4.39M | $6.81M | $9.68M | – | $17.38M | $135.02M | $4.37M | 0.1% | -81.3% |
| Sale of oil and gas royalty interests | – | – | – | – | – | $0 | $0 | $18.88M | – | – |
| Other operating revenue | – | – | – | – | – | $323.00K | $436.00K | $492.00K | – | – |
| Land sales and other operating revenue | – | – | $6.81M | $9.97M | $1.03M | $17.72M | $135.46M | – | – | – |
By region
From the segment and revenue-disaggregation notes of Texas Pacific Land's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.