Texas Pacific Land Corp (TPL) stock
TPLNYSEOil Royalty TradersFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 15/3023% above fair value
$291.91+10.73 (+3.82%)
Close on Nov 13, 2026Market cap $20.13BP/E 34.3Yield 0.73%
Texas Pacific Land operating margin
Operating margin is operating income as a percentage of revenue.
Texas Pacific Land's operating margin for the twelve months ending Sep 30, 2026 was 75.5%. For fiscal 2025 it was 74.2%, against 76.4% the year before. The highest annual figure on record is 86.9% in fiscal 2018.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 74.2% | −2.2 |
| FY2024 | Dec 31, 2024 | 76.4% | −0.6 |
| FY2023 | Dec 31, 2023 | 77.0% | −7.3 |
| FY2022 | Dec 31, 2022 | 84.3% | +3.9 |
| FY2021 | Dec 31, 2021 | 80.4% | +8.6 |
| FY2020 | Dec 31, 2020 | 71.8% | −9.7 |
| FY2019 | Dec 31, 2019 | 81.5% | −5.4 |
| FY2018 | Dec 31, 2018 | 86.9% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 76.0% | +2.6 |
| Q2 FY2026 | Jun 30, 2026 | 78.0% | +1.3 |
| Q1 FY2026 | Mar 31, 2026 | 77.0% | +0.4 |
| Q4 FY2025 | Dec 31, 2025 | 70.5% | −6.2 |
| Q3 FY2025 | Sep 30, 2025 | 73.4% | +0.1 |
| Q2 FY2025 | Jun 30, 2025 | 76.6% | −0.7 |
| Q1 FY2025 | Mar 31, 2025 | 76.6% | −1.5 |
| Q4 FY2024 | Dec 31, 2024 | 76.7% | −3.6 |
| Q3 FY2024 | Sep 30, 2024 | 73.4% | −7.0 |
| Q2 FY2024 | Jun 30, 2024 | 77.3% | +2.4 |
| Q1 FY2024 | Mar 31, 2024 | 78.1% | +6.4 |
| Q4 FY2023 | Dec 31, 2023 | 80.3% | −1.0 |
| Q3 FY2023 | Sep 30, 2023 | 80.4% | −4.4 |
| Q2 FY2023 | Jun 30, 2023 | 74.9% | −11.2 |
| Q1 FY2023 | Mar 31, 2023 | 71.7% | −12.7 |
| Q4 FY2022 | Dec 31, 2022 | 81.4% | −4.2 |
| Q3 FY2022 | Sep 30, 2022 | 84.8% | +1.3 |
| Q2 FY2022 | Jun 30, 2022 | 86.1% | +11.8 |
| Q1 FY2022 | Mar 31, 2022 | 84.4% | +10.7 |
| Q4 FY2021 | Dec 31, 2021 | 85.5% | +11.2 |
| Q3 FY2021 | Sep 30, 2021 | 83.5% | +7.2 |
| Q2 FY2021 | Jun 30, 2021 | 74.3% | +13.6 |
| Q1 FY2021 | Mar 31, 2021 | 73.7% | +0.7 |
| Q4 FY2020 | Dec 31, 2020 | 74.3% | – |
| Q3 FY2020 | Sep 30, 2020 | 76.3% | – |
| Q2 FY2020 | Jun 30, 2020 | 60.6% | – |
| Q1 FY2020 | Mar 31, 2020 | 73.0% | – |
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