Texas Pacific Land revenue and financials

TPL · NYSE · USD

$355.16Change from previous close: +3.04%Absolute change: +$10.49

Close · October 6, 2026

In the fiscal year ended December 2025, Texas Pacific Land reported revenue of $798.19M (+13.09% year over year). Net income was $481.38M, a net margin of 60.3%.

Annual revenue · 2025: $798.19M
  1. $300.22M2018
  2. $490.5M2019
  3. $302.56M2020
  4. $450.96M2021
  5. $667.42M2022
  6. $631.6M2023
  7. $705.82M2024
  8. $798.19M2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+13.09%
2025 vs 2024
Net income growth
+6.04%
2025 vs 2024
Net margin
60.3%
2024: 64.3%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Cash flow · Annual
Item20252024202320222021202020192018
Operating cash flow546491418447265207343195
Depreciation and amortization62.525.214.815.416.314.48.92.6
Capital expenditure-59.5-29.7-15.0-19.0-16.4-5.1-32.2-47.9
Investing cash flow-596-472-60.3-21.4-15.0———
Financing cash flow-176-378-145-337-105———
Dividends paid-148-347-100.0-247-85.3-202-46.5-31.7
Share repurchases-8.4-29.2-42.6-87.8-19.70.0-4.4-38.4
Net change in cash-226-35921388.9145———
Free cash flow486461403428250———
Levered free cash flow-82.2-41.5279319210———