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Texas Pacific Land Corporation (TPL) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

ENERGY · Oil & Gas Exploration & Production · DATA UPDATED 2026-07-16

Texas Pacific Land Corporation (TPL) operates in the Oil & Gas Exploration & Production industry and is headquartered in Dallas, United States with about 114 employees. Its market capitalization is roughly $29 billion. In the fiscal year ended 2025-12-31, TPL reported $798M in revenue and $481M in net income.

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The Land and Resource Management segment manages surface acres of land, and oil and gas royalty interest in Permian Basin.

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TPL Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$839M	$798M	$706M	$632M	$667M	$451M	$303M	$490M	$300M	$132M	$60M	$79M	$55M	$44M	$33M	$33M	$20M	$13M	$19M	$15M	$22M
Gross Profit	$548M	$682M	$635M	$583M	$635M	$421M	$270M	$461M	$286M	$131M	$60M	$79M	$55M	$44M	$33M	$33M	$20M	$13M	$19M	$15M	$22M
Gross Margin %	65.4%	85.5%	89.9%	92.3%	95.1%	93.5%	89.2%	93.9%	95.4%	99.3%	99.9%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Operating Income (EBIT)	$624M	$592M	$539M	$486M	$562M	$362M	$217M	$402M	$261M	$120M	$55M	$75M	$51M	$40M	$29M	$31M	$16M	$10M	$16M	$12M	$16M
Operating Margin %	74.4%	74.2%	76.4%	77.0%	84.2%	80.4%	71.8%	81.9%	86.9%	90.5%	91.9%	94.8%	93.1%	91.0%	89.9%	92.0%	81.7%	76.4%	80.7%	74.4%	72.7%
Net Income	$504M	$481M	$454M	$406M	$446M	$270M	$176M	$321M	$210M	$76M	$37M	$50M	$35M	$27M	$20M	$21M	$11M	$7M	$11M	$8M	$12M
Net Margin %	60.0%	60.3%	64.3%	64.2%	66.9%	59.9%	58.2%	65.4%	69.9%	57.7%	62.2%	63.0%	63.0%	61.7%	60.3%	61.6%	56.4%	52.8%	56.7%	53.3%	51.5%
EBITDA	$697M	$655M	$604M	$501M	$578M	$379M	$232M	$411M	$263M	$145M	$55M	$75M	$51M	$40M	$29M	$31M	$16M	$10M	$16M	$12M	$16M
Earnings Per Share (EPS)	$7.30	$6.97	$6.57	$5.86	$6.42	$3.87	$2.52	$4.60	$2.99	$1.08	$0.52	$0.68	$0.46	$0.35	$0.24	$0.25	$0.13	$0.08	$0.12	$0.09	$0.12
Shares Outstanding (M)	69M	69M	69M	69M	70M	70M	70M	70M	70M	71M	72M	74M	76M	77M	80M	84M	87M	90M	94M	95M	96M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TPL Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$237M	$212M	$203M	$188M	$196M	$186M	$174M	$172M
Gross Profit	$194M	$17M	$172M	$165M	$173M	$165M	$162M	$153M
Gross Margin %	82.1%	8.0%	84.5%	88.2%	88.2%	89.0%	93.2%	89.0%
Operating Income (EBIT)	$182M	$149M	$149M	$144M	$150M	$143M	$127M	$133M
Operating Margin %	77.0%	70.5%	73.4%	76.6%	76.6%	76.7%	73.4%	77.3%
Net Income	$143M	$123M	$121M	$116M	$121M	$118M	$107M	$115M
Net Margin %	60.3%	58.3%	59.7%	61.9%	61.6%	63.7%	61.4%	66.5%
EBITDA	$199M	$166M	$170M	$163M	$166M	$162M	$141M	$137M
Earnings Per Share (EPS)	$2.07	$1.79	$1.76	$1.68	$1.75	$1.71	$1.54	$1.66
Shares Outstanding (M)	69M	69M	69M	69M	69M	69M	69M	69M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TPL Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$551M	$546M	$491M	$418M	$447M	$265M	$207M	$343M	$195M	$94M	$41M	$50M	$39M	$30M	$20M	$24M	$12M	$9M	$11M	$10M	$10M
Capital Expenditures (CapEx)	$58M	$60M	$30M	$15M	$21M	$16M	$22M	$37M	$48M	$19M	$1M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M
Free Cash Flow (FCF)	$493M	$486M	$461M	$403M	$426M	$250M	$185M	$306M	$148M	$75M	$40M	$49M	$39M	$30M	$20M	$24M	$12M	$9M	$11M	$10M	$10M
FCF Margin %	58.8%	60.9%	65.3%	63.8%	63.9%	55.4%	61.2%	62.3%	49.1%	56.7%	66.7%	62.1%	70.3%	68.0%	61.0%	71.5%	58.1%	71.6%	59.3%	61.5%	45.9%
Dividends Paid	$152M	$148M	$347M	$100M	$247M	$85M	$202M	$47M	$32M	$11M	$3M	$2M	$2M	$0M	$4M	$2M	$2M	$2M	$2M	$2M	$6M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TPL Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$162M	$114M	$155M	$121M	$157M	$127M	$119M	$98M
Capital Expenditures (CapEx)	$7M	$29M	$19M	$3M	$9M	$13M	$128M	$6M
Free Cash Flow (FCF)	$155M	$85M	$136M	$118M	$148M	$113M	($10M)	$92M
FCF Margin %	65.3%	40.2%	67.0%	62.7%	75.4%	61.0%	-5.5%	53.3%
Dividends Paid	$42M	$37M	$37M	$37M	$37M	$37M	$257M	$27M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TPL Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$1.8B	$1.6B	$1.2B	$1.2B	$877M	$764M	$572M	$598M	$285M	$127M	$62M	$50M	$33M	$22M	$21M	$27M	$25M	$27M	$31M	$33M	$32M
Cash & Cash Equivalents	$248M	$145M	$370M	$725M	$511M	$428M	$281M	$304M	$120M	$80M	$49M	$45M	$27M	$13M	$8M	$13M	$7M	$8M	$10M	$10M	$9M
Total Liabilities	$196M	$164M	$116M	$113M	$105M	$112M	$86M	$86M	$40M	$48M	$15M	$5M	$6M	$4M	$6M	$7M	$7M	$7M	$7M	$8M	$8M
Total Debt (Short + Long-Term)	$0M	$0M	$0M	$12M	$0M	$0M	$26M	$1M	$13M	$8M	$12M	$3M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M
Total Shareholders' Equity	$1.6B	$1.5B	$1.1B	$1.0B	$773M	$652M	$485M	$512M	$245M	$79M	$48M	$46M	$27M	$18M	$16M	$21M	$18M	$20M	$24M	$25M	$24M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive TPL viewer.

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