Texas Pacific Land Corporation (TPL)

Texas Pacific Land Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	772.4	705.82	631.6	667.42	450.96	302.56
Revenue	772.4	705.82	631.6	667.42	450.96	302.56
Revenue Growth (YoY)	12.48%	11.75%	-5.37%	48.00%	49.05%	-38.31%
Cost of Revenue	45.36	46.12	33.57	17.46	13.23	18.21
Gross Profit	727.03	659.7	598.03	649.96	437.73	284.36
Selling, General & Admin	76.08	82.91	89.32	63.06	58.82	52.52
Other Operating Expenses	8.01	7.3	7.39	8.85	0.14	-
Operating Expenses	136.15	115.37	111.46	87.29	75.22	66.92
Operating Income	590.88	544.33	486.57	562.67	362.51	217.44
Interest & Investment Income	18.67	32.14	28.63	6.21	0.08	-
Other Non Operating Income (Expenses)	1.9	2.35	0.96	-0.02	0.43	2.22
EBT Excluding Unusual Items	611.44	578.82	516.16	568.86	363.02	219.66
Other Unusual Items	-1.9	-	1.4	-	-	-
Pretax Income	609.54	578.82	517.56	568.86	363.02	219.66
Income Tax Expense	133.15	124.86	111.92	122.49	93.04	43.61
Net Income	476.39	453.96	405.65	446.36	269.98	176.05
Net Income to Common	476.39	453.96	405.65	446.36	269.98	176.05
Net Income Growth	6.17%	11.91%	-9.12%	65.33%	53.35%	-44.77%
Shares Outstanding (Basic)	69	69	69	69	70	70
Shares Outstanding (Diluted)	69	69	69	70	70	70
Shares Change (YoY)	-0.02%	-0.17%	-0.52%	-0.33%	-0.05%	-0.00%
EPS (Basic)	6.91	6.58	5.87	6.42	3.87	2.52
EPS (Diluted)	6.90	6.57	5.86	6.42	3.87	2.52
EPS Growth	6.20%	12.11%	-8.67%	65.91%	53.44%	-44.76%
Free Cash Flow	514.69	460.98	403.26	427.94	249.62	201.95
Free Cash Flow Per Share	7.46	6.67	5.83	6.15	3.58	2.89
Dividend Per Share	2.133	1.703	1.443	1.333	1.222	-
Dividend Growth	39.13%	18.01%	8.25%	9.09%	-	-
Gross Margin	94.13%	93.47%	94.69%	97.38%	97.07%	93.98%
Operating Margin	76.50%	77.12%	77.04%	84.30%	80.39%	71.86%
Profit Margin	61.68%	64.32%	64.22%	66.88%	59.87%	58.19%
Free Cash Flow Margin	66.64%	65.31%	63.85%	64.12%	55.35%	66.75%
EBITDA	642.95	569.49	501.32	578.05	378.76	231.83
EBITDA Margin	83.24%	80.69%	79.37%	86.61%	83.99%	76.62%
D&A For EBITDA	52.07	25.16	14.76	15.38	16.26	14.4
EBIT	590.88	544.33	486.57	562.67	362.51	217.44
EBIT Margin	76.50%	77.12%	77.04%	84.30%	80.39%	71.86%
Effective Tax Rate	21.84%	21.57%	21.62%	21.53%	25.63%	19.86%
Revenue as Reported	772.4	705.82	631.6	667.42	450.96	302.56

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q