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 | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LRM | $553.08M | $517.71M | $490.73M | $495.97M | $480.35M | $455.89M | $440.79M | $438.99M | $442.28M | $439.57M | $432.11M | $428.30M | 61.6% | +15.1% |
| WSO | $344.47M | $321.32M | $307.46M | $276.42M | $262.52M | $271.78M | $265.03M | $247.70M | $228.82M | $219.81M | $199.49M | $189.34M | 38.4% | +31.2% |
| Operating income | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LRM | $446.69M | $417.21M | $394.41M | $409.44M | $395.75M | $380.23M | $369.54M | – | – | – | – | – | +12.9% |
| WSO | $225.80M | $207.21M | $197.75M | $176.02M | $167.95M | $172.94M | $169.59M | – | – | – | – | – | +34.4% |
By product or service
| Revenue | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oil and gas royalties | $469.18M | $418.60M | $411.68M | $411.91M | $397.65M | $392.46M | $373.33M | $375.13M | $367.79M | $360.38M | $357.39M | $355.34M | 52.3% | +18.0% |
| Produced water royalties | $136.39M | $130.05M | $124.22M | $118.79M | $114.25M | $108.82M | $104.12M | $98.47M | $91.59M | $87.13M | $84.26M | $81.39M | 15.2% | +19.4% |
| Easements and other surface-related income | $78.30M | $90.87M | $91.78M | $92.92M | $90.49M | $70.84M | $73.26M | $70.56M | $74.47M | $76.61M | $70.93M | $62.90M | 8.7% | -13.5% |
| Water sales | – | $177.75M | $169.70M | $145.71M | $137.34M | $152.41M | $150.72M | $140.39M | $130.60M | $127.60M | $112.20M | $105.01M | – | – |
| Land sales and other operating revenue | – | – | – | – | – | – | – | – | – | – | $6.81M | $13.30M | – | – |
| Land sales | – | – | $819.00K | $3.06M | $3.14M | $3.14M | $4.39M | $2.15M | $6.65M | $7.65M | $6.81M | – | – | – |
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.