Texas Pacific Land Corporation (TPL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TPL SEC filings page.
Texas Pacific Land Corporation (TPL) reported $897.5M in revenue over the twelve months to Jun 30, 2026, up 20.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue is still expanding, but returns and margins are compressing as the company commits more resources to its asset base.
In FY2025, operating cash flow of$545.9M exceeded net income of$481.4M , indicating cash conversion remained ahead of accounting profit. However, assets grew30.1% while revenue grew13.1% , showing the balance sheet is expanding faster than the earning base.
Operating margin fell
Current assets fell
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Texas Pacific Land Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Texas Pacific Land Corporation has an operating margin of 74.2%, meaning the company retains $74 of operating profit per $100 of revenue. This strong profitability earns a score of 99/100, reflecting efficient cost management and pricing power. This is down from 76.4% the prior year.
Texas Pacific Land Corporation's revenue grew 13.1% year-over-year to $798.2M, a solid pace of expansion. This earns a growth score of 72/100.
With a current ratio of 4.40, Texas Pacific Land Corporation holds $4.40 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.
Not available for Texas Pacific Land Corporation, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Texas Pacific Land Corporation earns a strong 33.0% return on equity (ROE), meaning it generates $33 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 96/100. This is down from 40.1% the prior year.
Texas Pacific Land Corporation scores 88.42, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $23.3B against total liabilities of $164.4M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Texas Pacific Land Corporation passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, Texas Pacific Land Corporation generates $1.13 in operating cash flow ($545.9M OCF vs $481.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Texas Pacific Land Corporation earns $858.20 in operating income for every $1 of interest expense ($592.2M vs $690K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Texas Pacific Land Corporation generated $246.1M in revenue in Q2 2026. This represents an increase of 31.2% from the same quarter a year earlier. Against the prior quarter it is up 3.9%.
Texas Pacific Land Corporation's EBITDA was $208.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.4% from the same quarter a year earlier. Against the prior quarter it is up 6.2%.
Texas Pacific Land Corporation reported $153.9M in net income in Q2 2026. This represents an increase of 32.5% from the same quarter a year earlier. Against the prior quarter it is up 7.7%.
Texas Pacific Land Corporation earned $2.23 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 7.7%.
Cash & Balance Sheet
Texas Pacific Land Corporation held $248.6M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Texas Pacific Land Corporation paid $0.60 per share in dividends in Q2 2026. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
Texas Pacific Land Corporation's operating margin was 78.0% in Q2 2026, reflecting core business profitability. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.
Texas Pacific Land Corporation's net profit margin was 62.6% in Q2 2026, showing the share of revenue converted to profit. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.
Texas Pacific Land Corporation's quarterly ROE was 9.2% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.2 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Capital Allocation
Texas Pacific Land Corporation repurchased no shares in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
TPL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $246.1M+31.2% | $236.8M+20.8% | $211.6M+13.9% | $203.1M+17.0% | $187.5M+8.8% | $196.0M+12.5% | $185.8M+11.5% | $173.6M+9.9% |
| SG&A Expenses | $8.0M+40.6% | $8.6M+42.1% | $6.4M-4.9% | $5.6M-55.3% | $5.7M-4.8% | $6.1M-34.2% | $6.8M-81.1% | $12.5M+224.4% |
| Operating Income | $191.8M+33.4% | $182.3M+21.5% | $149.2M+4.7% | $149.1M+17.1% | $143.8M+7.9% | $150.1M+10.3% | $142.5M+6.5% | $127.3M+0.3% |
| EBITDA | $208.5M+32.4% | $196.4M+21.2% | $171.2M+11.1% | $164.1M+23.3% | $157.4M+14.7% | $162.0M+15.8% | $154.0M+11.8% | $133.1M+2.0% |
| Interest Expense | $973Kn/m | $992Kn/m | N/A | N/A | $0 | $0 | N/A | N/A |
| Income Tax | $39.8M+21.1% | $40.7M+20.5% | $28.4M-12.9% | $33.9M+17.8% | $32.9M+3.1% | $33.7M+6.9% | $32.6M+1.9% | $28.8M-1.8% |
| Net Income | $153.9M+32.5% | $142.9M+18.4% | $123.3M+4.2% | $121.2M+13.7% | $116.1M+1.4% | $120.7M+5.4% | $118.4M+4.6% | $106.6M+1.0% |
| EPS (Basic) | $2.23 | $2.07 | N/A | $5.27+13.6% | $1.68 | $1.75 | $5.15 | $4.64 |
| EPS (Diluted) | $2.23 | $2.07 | N/A | $5.27+13.8% | $1.68 | $1.75 | $5.14 | $4.63 |
| Diluted Shares (Avg) | 69M | 69M | N/A | 23M0.0% | 69M | 69M | N/A | 23M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TPL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B+32.4% | $1.8B+29.4% | $1.6B+30.1% | $1.5B+29.7% | $1.4B+6.8% | $1.4B+7.5% | $1.2B+7.9% | $1.2B+8.9% |
| Current Assets | $428.4M-35.8% | $435.1M-28.3% | $319.3M-36.6% | $737.2M+4.0% | $667.5M-34.4% | $606.9M-37.0% | $503.4M-41.6% | $709.0M-10.4% |
| Cash & Equivalents | $248.6M-54.3% | $247.6M-46.2% | $144.8M-60.8% | $531.8M-0.4% | $543.9M-39.2% | $460.4M-45.0% | $369.8M-49.0% | $533.9M-18.4% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $187.1M+61.7% | $195.5M+33.0% | $164.4M+42.2% | $156.9M+27.1% | $115.7M+5.8% | $147.0M+7.5% | $115.6M+2.1% | $123.4M+7.6% |
| Current Liabilities | $94.1M+108.6% | $102.9M+32.2% | $72.6M+55.9% | $67.9M+18.4% | $45.1M+1.9% | $77.9M+9.9% | $46.6M+4.9% | $57.3M+21.0% |
| Non-Current Liabilities | $93.0M+31.7% | $92.6M+33.8% | $91.8M+33.0% | $89.0M+34.7% | $70.6M+8.4% | $69.2M+5.1% | $69.0M+0.3% | $66.1M-1.9% |
| Total Equity | $1.7B+29.7% | $1.6B+29.0% | $1.5B+28.8% | $1.4B+30.0% | $1.3B+6.8% | $1.2B+7.5% | $1.1B+8.6% | $1.1B+9.1% |
| Retained Earnings | $1.8B+25.9% | $1.7B+25.0% | $1.6B+24.9% | $1.5B+26.1% | $1.4B+5.8% | $1.3B+6.8% | $1.3B+9.0% | $1.2B+10.4% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
TPL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $172.9M+43.0% | $162.0M+3.4% | $113.7M-10.2% | $154.6M+30.4% | $120.9M+23.0% | $156.7M+6.4% | $126.6M+13.6% | $118.6M+10.2% |
| Depreciation & Amortization | $16.6M+21.5% | $14.0M+17.6% | $21.9M+91.2% | $15.0M+159.7% | $13.7M+234.7% | $11.9M+211.0% | $11.5M+195.8% | $5.8M+60.8% |
| Stock-Based Compensation | $4.4M+25.9% | $5.1M+15.1% | N/A | $3.5M+19.0% | $3.5M+29.1% | $4.4M+31.1% | N/A | $2.9M+5.2% |
| Investing Cash Flow | -$131.0Mn/m | -$8.4Mn/m | -$458.2Mn/m | -$121.2Mn/m | -$3.9Mn/m | -$12.5Mn/m | -$246.0Mn/m | -$216.1Mn/m |
| Financing Cash Flow | -$41.4Mn/m | -$50.9Mn/m | -$41.8Mn/m | -$45.6Mn/m | -$36.8Mn/m | -$51.8Mn/m | -$43.1Mn/m | -$263.2Mn/m |
| Dividends Paid | $41.4M+12.5% | $41.8M+11.7% | $36.8M0.0% | $36.8M-85.7% | $36.8M+36.8% | $37.4M+39.1% | $36.8M+47.1% | $256.7M+929.0% |
| Share Buybacks | $0n/m | $0-100.0% | $0-100.0% | $8.3M+36.3% | $0-100.0% | $100K-99.0% | $6.4M-37.9% | $6.1M+2.1% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TPL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 78.0%+1.3pp | 77.0%+0.4pp | 70.5%-6.2pp | 73.4%0.0pp | 76.6%-0.7pp | 76.6%-1.5pp | 76.7%-3.6pp | 73.4%-7.0pp |
| Net Margin | 62.6%+0.6pp | 60.3%-1.2pp | 58.3%-5.4pp | 59.7%-1.7pp | 61.9%-4.6pp | 61.6%-4.1pp | 63.7%-4.2pp | 61.4%-5.4pp |
| Return on Equity | 9.2%+0.2pp | 9.2%-0.8pp | 8.5%-2.0pp | 8.9%-1.3pp | 9.0%-0.5pp | 10.0%-0.2pp | 10.4%-0.4pp | 10.1%-0.8pp |
| Return on Assets | 8.3%0.0pp | 8.2%-0.8pp | 7.6%-1.9pp | 8.0%-1.1pp | 8.3%-0.4pp | 8.9%-0.2pp | 9.5%-0.3pp | 9.1%-0.7pp |
| Current Ratio | 4.55-10.2x | 4.23-3.6x | 4.40-6.4x | 10.86-1.5x | 14.79-8.2x | 7.80-5.8x | 10.81-8.6x | 12.37-4.3x |
| Liabilities-to-Equity | 0.110.0x | 0.130.0x | 0.110.0x | 0.110.0x | 0.090.0x | 0.120.0x | 0.100.0x | 0.120.0x |
| Asset Turnover | 0.130.0x | 0.140.0x | 0.130.0x | 0.130.0x | 0.130.0x | 0.140.0x | 0.150.0x | 0.150.0x |
Not reported in any period shown, so not listed: Gross Margin, Debt-to-Equity, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation TPL | FY2025 | $798.2M | $481.4M | 60.3% | $23.3B | 88/100 |
| Devon Energy Corporation DVN | FY2025 | $17.2B | $2.6B | 15.4% | $56.5B | 66/100 |
| Expand Energy Corporation EXE | FY2025 | $12.1B | $1.8B | 15.0% | $21.6B | 54/100 |
| Woodside Energy Group Limited WDS | FY2025 | $13.0B | $2.7B | 20.9% | $45.0B | 56/100 |
| EQT CORP EQT | FY2025 | $8.6B | $2.0B | 23.6% | $34.8B | 52/100 |
Where Texas Pacific Land Corporation Ranks
Frequently Asked Questions
What is Texas Pacific Land Corporation's annual revenue?
Texas Pacific Land Corporation (TPL) reported $798.2M in total revenue for fiscal year 2025. This represents a 13.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Texas Pacific Land Corporation's revenue growing?
Texas Pacific Land Corporation (TPL) revenue grew by 13.1% year-over-year, from $705.8M to $798.2M in fiscal year 2025.
Is Texas Pacific Land Corporation profitable?
Yes, Texas Pacific Land Corporation (TPL) reported a net income of $541.4M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $481.4M, with a net profit margin of 60.3%.
What is Texas Pacific Land Corporation's EBITDA?
Texas Pacific Land Corporation (TPL) had EBITDA of $654.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Texas Pacific Land Corporation's operating margin?
Texas Pacific Land Corporation (TPL) had an operating margin of 74.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Texas Pacific Land Corporation's net profit margin?
Texas Pacific Land Corporation (TPL) had a net profit margin of 60.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Texas Pacific Land Corporation pay dividends?
Yes, Texas Pacific Land Corporation (TPL) paid $2.13 per share in dividends during fiscal year 2025.
What is Texas Pacific Land Corporation's return on equity (ROE)?
Texas Pacific Land Corporation (TPL) has a return on equity of 33.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Texas Pacific Land Corporation's operating cash flow?
Texas Pacific Land Corporation (TPL) generated $545.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Texas Pacific Land Corporation's total assets?
Texas Pacific Land Corporation (TPL) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Texas Pacific Land Corporation's current ratio?
Texas Pacific Land Corporation (TPL) had a current ratio of 4.40 as of fiscal year 2025, which is generally considered healthy.
What is Texas Pacific Land Corporation's liabilities-to-equity ratio?
Texas Pacific Land Corporation (TPL) had a liabilities-to-equity ratio of 0.11 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Texas Pacific Land Corporation's return on assets (ROA)?
Texas Pacific Land Corporation (TPL) had a return on assets of 29.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Texas Pacific Land Corporation's P/E ratio?
Texas Pacific Land Corporation (TPL) trades at 43.1x earnings, its market capitalization divided by $541.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $23.3B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Texas Pacific Land Corporation's price-to-sales ratio?
Texas Pacific Land Corporation (TPL) trades at 26.0x sales, its market capitalization divided by $897.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $23.3B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Texas Pacific Land Corporation's Altman Z-Score?
Texas Pacific Land Corporation (TPL) has an Altman Z-Score of 88.42, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Texas Pacific Land Corporation's Piotroski F-Score?
Texas Pacific Land Corporation (TPL) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Texas Pacific Land Corporation's earnings high quality?
Texas Pacific Land Corporation (TPL) has an earnings quality ratio of 1.13x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Texas Pacific Land Corporation cover its interest payments?
Texas Pacific Land Corporation (TPL) has an interest coverage ratio of 858.20x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Texas Pacific Land Corporation?
Texas Pacific Land Corporation (TPL) scores 88 out of 100 on our Financial Health Score, indicating strong standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Texas Pacific Land Corporation it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.