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
  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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue246237212203188196186174172174167158
Cost of revenue11.614.317.516.48.511.19.411.714.810.29.08.6
Gross profit234223194187179185176162158164158149
Selling, general and administrative23.023.121.119.819.520.416.326.418.621.617.417.0
Operating income192183149149144150147127133136134127
EBIT192183149149144150147127133136134127
EBITDA209197171164158162159133137140138131
Interest expense1.01.00.7—0.00.0——————
Pre-tax income194184152155149154151135146146145135
Income tax39.840.728.433.932.933.732.628.831.931.632.029.4
Net income154143123121116121118107115114113106
Net income to common shareholders154143123121116121118107115114113106
Basic EPS2.232.071.791.761.681.751.721.551.661.661.641.53
Diluted EPS2.232.071.781.761.681.751.711.541.661.661.641.53
Average shares (basic)69.069.068.969.069.068.968.968.969.069.069.069.1
Average shares (diluted)69.069.069.069.069.069.069.069.069.069.169.169.1
Dividend per share0.600.600.530.530.530.530.530.390.390.390.360.36