SequelSEC

Texas Pacific Land Corp TPL

Oil Royalty Traders · CIK 0001811074 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$798.19M
Fiscal year ended 2025-12-31
Operating income
$592.16M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Texas Pacific Land Corp (TPL) reported revenue of $798.19M and net income of $481.38M for the fiscal year ended 2025-12-31. This page shows 8 annual periods of income statement, balance sheet and cash flow figures normalized from Texas Pacific Land Corp’s SEC filings, each linked to the filing it came from.

Income

Texas Pacific Land Corp income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Revenue$798.19M$705.82M$631.60M$667.42M$450.96M$302.56M$490.50M$300.22M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income$592.16M$539.14M$486.05M$562.31M$362.39M$217.26M$399.57M$260.83M
Net income$481.38M$453.96M$405.64M$446.36M$269.98M$176.05M$318.73M$209.74M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 69.03Mshares 69.06Mshares 69.18Mshares 23.18Mshares 7.75Mshares 7.76Mshares 7.76Mshares 7.79M
Pretax income$610.33M$578.82M$517.56M$568.86M$363.02M$219.66M$402.26M$261.75M
Income tax expense$128.95M$124.86M$111.92M$122.49M$93.04M$43.61M$83.53M$52.01M
Diluted EPS$6.97$6.57$5.86$19.26$34.83$22.70$41.09Unavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$23.78M$34.48M$46.45M$22.02M$11.64M$9.75M$9.54M$4.68M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Texas Pacific Land Corp balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Cash & equivalents$144.81M$369.84M$725.17M$510.83M$428.24M$281.05M$303.64MUnavailable
Total assets$1.62B$1.25B$1.16B$877.43M$764.06M$571.64M$598.18MUnavailable
Current assets$319.32M$503.37M$862.46M$633.40M$526.51M$332.53MUnavailableUnavailable
Total liabilities$164.37M$115.56M$113.20M$104.54M$112.35M$86.45M$86.04MUnavailable
Current liabilities$72.60M$46.56M$44.39M$39.60M$50.90M$21.38MUnavailableUnavailable
Total equity incl. NCI$1.46B$1.13B$1.04B$772.89M$651.71M$485.18M$512.14M$244.69M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$164.90MUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Texas Pacific Land Corp cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Operating cash flow$545.91M$490.67M$418.29M$447.15M$265.16M$207.04M$342.79M$195.45M
Capital expendituresUnavailableUnavailableUnavailable$18.97M$16.42M$5.09M$32.21M$47.88M
Investing cash flow-$595.85M-$471.75M-$60.31M-$21.40M-$15.00M-$26.00M-$111.69M-$81.53M
Financing cash flow-$176.04M-$378.09M-$144.61M-$336.81M-$104.95M-$201.66M-$50.90M-$70.05M
Net change in cash-$225.98M-$359.17M$213.37M$88.94M$145.22M-$20.62M$180.20M$43.87M
Stock-based compensation$15.13M$12.50M$10.34M$8.43M$28.00K$0$0Unavailable
Common dividends paid$147.80M$347.31M$99.97M$247.28M$85.26M$201.66M$46.55M$31.65M
Common share repurchases$8.38M$29.16M$42.57M$87.76M$19.68M$0$4.35M$38.40M
Depreciation & amortization$62.53M$25.16M$14.76M$15.38M$16.26M$14.40M$8.91M$2.58M

Derived

Texas Pacific Land Corp derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailable$201.95M$310.58M$147.57M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin74.2%76.4%77.0%84.3%80.4%71.8%81.5%86.9%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailable66.7%63.3%49.2%
SBC / revenue1.9%1.8%1.6%1.3%0.0%0.0%0.0%Unavailable
Current ratio4.40x10.81x19.43x16.00x10.34x15.56xUnavailableUnavailable
Revenue YoY growth13.1%11.8%-5.4%48.0%49.0%-38.3%63.4%Unavailable
Net margin60.3%64.3%64.2%66.9%59.9%58.2%65.0%69.9%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailable1.7%6.6%15.9%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate21.1%21.6%21.6%21.5%25.6%19.9%20.8%19.9%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open TPL in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-02-18View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-07View SEC filing

Companies in the same industry

LB NRT

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.