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 | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LRM | $163.87M | $153.56M | $113.38M | $122.27M | $128.50M | $126.58M | $118.63M | $106.65M | $104.03M | $111.49M | $116.83M | $109.93M | 66.6% | +27.5% |
| WSO | $82.19M | $83.26M | $98.20M | $80.82M | $59.05M | $69.40M | $67.16M | $66.92M | $68.30M | $62.66M | $49.83M | $48.03M | 33.4% | +39.2% |
| Operating income | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LRM | $136.30M | $128.78M | $83.13M | $98.47M | $106.82M | $105.99M | $98.16M | $84.78M | $91.31M | $95.30M | – | – | +27.6% |
| WSO | $55.52M | $53.55M | $66.11M | $50.62M | $36.93M | $44.09M | $44.39M | $42.55M | $41.92M | $40.74M | – | – | +50.3% |
By product or service
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oil and gas royalties | $145.59M | $118.17M | $96.72M | $108.71M | $95.01M | $111.25M | $96.95M | $94.44M | $89.81M | $92.12M | $98.75M | $87.10M | 59.2% | +53.2% |
| Water sales | $39.73M | – | – | – | $25.58M | – | – | – | – | – | – | – | 16.1% | +55.3% |
| Produced water royalties | $37.08M | $33.53M | $33.51M | $32.27M | $30.74M | $27.70M | $28.09M | $27.73M | $25.30M | $23.01M | $22.44M | $20.85M | 15.1% | +20.6% |
| Easements and other surface-related income | $23.66M | $17.32M | $20.61M | $16.72M | $36.22M | $18.23M | $21.76M | $14.28M | $16.57M | $20.65M | $19.07M | $18.19M | 9.6% | -34.7% |
| Land sales | $0 | $20.94M | – | – | $0 | $0 | – | – | – | – | – | – | 0.0% | – |
| Water sales | – | $46.86M | $60.73M | $44.58M | $25.58M | $38.81M | $36.74M | $36.21M | $40.65M | $37.13M | $26.40M | $26.42M | – | – |
| Land sales and other operating revenue | – | – | – | – | – | – | – | – | – | – | $0 | $5.41M | – | – |
| Land sales | – | – | $0 | $819.00K | $0 | $0 | $2.24M | $901.00K | $0 | $1.24M | $0 | $5.41M | – | – |
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.