Texas Pacific Land Corporation (TPL)
NYSE: TPL · Real-Time Price · USD
281.42
+6.79 (2.47%)
At close: Nov 11, 2026, 4:00 PM EST
282.61
+1.19 (0.42%)
After-hours: Nov 11, 2026, 7:30 PM EST

Texas Pacific Land Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
967.85798.19705.82631.6667.42450.96
Revenue Growth
25.30%13.09%11.75%-5.37%48.00%49.05%
Gross Profit
910.65744.66659.7598.03649.96437.73
Operating Income
733.03593.03544.33486.57562.67362.51
Net Income
587.55481.38453.96405.65446.36269.98
Earnings Per Share
8.516.976.575.866.423.87
EPS Growth
23.33%6.09%12.12%-8.72%65.91%53.44%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Land and Resource Management
632.38490.73440.79432.11506.98320.39
Water Services and Operations
335.47307.46265.03199.49160.45130.57
Revenue (Total)
967.85798.2705.8631.6667.42450.96

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
369.56144.81369.84725.17510.83428.24
Total Debt
17.6917.790.451.171.961.45
Net Cash (Debt)
351.87127.02369.38724508.88426.8
Net Cash Growth
-31.56%-65.61%-48.98%42.27%19.23%52.96%
Net Cash Per Share
5.101.845.3510.477.326.12

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
640.93545.91490.67418.29447.15265.16
Capital Expenditures
-71.84-59.53-29.7-15.03-19.21-15.55
Free Cash Flow
569.09486.38460.98403.26427.94249.62
Free Cash Flow Growth
10.57%5.51%14.31%-5.77%71.44%23.60%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
94.09%93.29%93.47%94.69%97.38%97.07%
Operating Margin
75.74%74.30%77.12%77.04%84.30%80.39%
Pretax Margin
76.40%76.46%82.01%81.95%85.23%80.50%
Profit Margin
60.71%60.31%64.32%64.22%66.88%59.87%
FCF Margin
58.80%60.93%65.31%63.85%64.12%55.35%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.4002.1301.7001.4401.3331.222
Dividend Per Share Growth
12.50%25.29%18.06%8.00%9.09%-
Dividend Yield
0.85%0.74%0.46%0.82%0.51%0.88%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
33.0741.1355.9729.7540.4635.83
Forward PE
27.7136.6636.3828.7636.8724.37
P/FCF Ratio
34.1140.7155.1229.9342.2138.76
PS Ratio
20.0624.8136.0019.1127.0621.45