Texas Pacific Land revenue and financials

TPL · NYSE · USD

$355.16+3.04%+$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

$300.22M2018
$490.5M2019
$302.56M2020
$450.96M2021
$667.42M2022
$631.6M2023
$705.82M2024
$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.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	1,859	1,751	1,623	1,525	1,405	1,353	1,248	1,176	1,316	1,259	1,156	1,079
Current assets	428	435	319	737	668	607	503	709	1,018	964	862	791
Cash and equivalents	249	248	145	532	544	460	370	534	895	837	725	654
Receivables	175	181	165	128	114	138	127	123	119	122	129	126
Net property, plant and equipment	196	180	178	152	128	128	124	119	95.5	92.2	91.4	86.6
Other intangible assets	31.7	32.3	32.8	33.4	34.0	34.6	35.2	35.8	20.5	20.7	21.0	21.3
Long-term investments	870	881	890	406	416	429	432	164	45.6	46.2	46.6	47.2
Current liabilities	94.1	103	72.6	67.9	45.1	77.9	46.6	57.3	44.3	70.9	44.4	47.4
Accounts payable	38.3	38.4	38.0	37.4	27.0	25.1	27.0	40.6	31.7	23.3	22.5	29.0
Total debt	15.5	15.8	16.2	16.5	—	—	—	—	—	—	—	—
Total liabilities	187	196	164	157	116	147	116	123	109	137	113	115
Total equity (incl. minority)	1,672	1,556	1,459	1,368	1,289	1,206	1,132	1,052	1,206	1,122	1,043	965
Retained earnings	1,794	1,681	1,595	1,509	1,425	1,345	1,278	1,196	1,347	1,259	1,172	1,084