Texas Pacific Land Corp
TPL- Exchange
- NYSE
- Industry
- Oil Royalty Traders
- SEC CIK
- 0001811074
In the last 90 days, Texas Pacific Land Corp insiders filed 35 open-market purchases and 0 sales; 879 institutions reported holding it in 13F filings for Q2 2026, worth $22.0B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:22 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 18, 2026 | Feb 19, 2025 | Feb 21, 2024 | Feb 22, 2023 | Feb 23, 2022 |
| Revenue | $798.2M | $705.8M | $631.6M | $667.4M | $451.0M |
| Selling, general and administrative | $23.8M | $34.5M | $14.9M | $13.3M | $11.8M |
| Operating income | $592.2M | $539.1M | $486.1M | $562.3M | $362.4M |
| Income tax | $129.0M | $124.9M | $111.9M | $122.5M | $93.0M |
| Net income | $481.4M | $454.0M | $405.6M | $446.4M | $270.0M |
| EPS, basic | $6.98 | $19.75 | $52.81 | $57.80 | $34.83 |
| EPS, diluted | $6.97 | $19.72 | $52.77 | $57.77 | $34.83 |
| Weighted shares, basic | 68.9M | 23.0M | 7.68M | 7.72M | 7.75M |
| Weighted shares, diluted | 69.0M | 23.0M | 7.69M | 7.73M | 7.75M |
| Margins and growth | |||||
| Operating margin | 74.2% | 76.4% | 77.0% | 84.3% | 80.4% |
| Net margin | 60.3% | 64.3% | 64.2% | 66.9% | 59.9% |
| Revenue growth, year over year | +13.1% | +11.8% | −5.4% | +48.0% | +49.1% |
| Net income growth, year over year | +6.0% | +11.9% | −9.1% | +65.3% | +53.4% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 18, 2026 | Feb 19, 2025 | Feb 21, 2024 | Feb 22, 2023 | Feb 23, 2022 |
| Cash and equivalents | $144.8M | $369.8M | $725.2M | $510.8M | $428.2M |
| Total current assets | $319.3M | $503.4M | $862.5M | $633.4M | $526.5M |
| Property, plant and equipment | $164.5M | $122.6M | $89.6M | $85.5M | $79.7M |
| Intangible assets | $32.8M | $35.2M | $21.0M | – | – |
| Total assets | $1.62B | $1.25B | $1.16B | $877.4M | $764.1M |
| Total current liabilities | $72.6M | $46.6M | $44.4M | $39.6M | $50.9M |
| Total liabilities | $164.4M | $115.6M | $113.2M | $104.5M | $112.4M |
| Shareholders' equity | $1.46B | $1.13B | $1.04B | $772.9M | $651.7M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 18, 2026 | Feb 19, 2025 | Feb 21, 2024 | Feb 22, 2023 | Feb 23, 2022 |
| Operating cash flow | $545.9M | $490.7M | $418.3M | $447.1M | $265.2M |
| Capital expenditures | – | – | – | $19.0M | $16.4M |
| Free cash flow | – | – | – | $428.2M | $248.7M |
| Depreciation and amortization | $62.5M | $25.2M | $14.8M | $15.4M | $16.3M |
| Stock-based compensation | $15.1M | $12.5M | $10.3M | $8.43M | $28.0K |
| Dividends paid | $147.8M | $347.3M | $100.0M | $247.3M | $85.3M |
| Share buybacks | $8.38M | $29.2M | $42.6M | $87.8M | – |
| Investing cash flow | -$595.8M | -$471.7M | -$60.3M | -$21.4M | -$15.0M |
| Financing cash flow | -$176.0M | -$378.1M | -$144.6M | -$336.8M | -$104.9M |
| Net change in cash | -$226.0M | -$359.2M | $213.4M | $88.9M | $145.2M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.9% | 1.8% | 1.6% | 1.3% | 0.0% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 30, 2026 | 69.0M | +200.2% | SEC |
| Jul 31, 2026 | 69.0M | +200.1% | SEC |
| Apr 30, 2026 | 69.0M | +200.1% | SEC |
| Feb 9, 2026 | 68.9M | +199.9% | SEC |
| Oct 31, 2025 | 23.0M | 0.0% | SEC |
| Jul 31, 2025 | 23.0M | 0.0% | SEC |
| Apr 30, 2025 | 23.0M | 0.0% | SEC |
| Feb 12, 2025 | 23.0M | +199.7% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Dec 31, 2020, from 13F share counts: 3-for-1 in Q1 2024 and 3-for-1 in Q4 2025.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.