Texas Pacific Land Corporation (TPL)

Texas Pacific Land Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	839.03	798.19	705.82	631.6	667.42	450.96
Revenue	839.03	798.19	705.82	631.6	667.42	450.96
Revenue Growth (YoY)	15.30%	13.09%	11.75%	-5.37%	48.00%	49.05%
Property Expenses	56.69	53.53	46.12	33.57	17.46	13.23
Total Property Expenses	56.69	53.53	46.12	33.57	17.46	13.23
Property Taxes	8.61	8.26	7.3	7.39	8.85	0.14
Gross Profit	773.73	736.4	652.4	590.64	641.11	437.58
Selling, General & Admin	84.68	81.71	88.1	89.83	63.42	58.93
Depreciation & Amortization Expenses	64.64	62.53	25.16	14.76	15.38	16.26
Operating Income	624.42	592.16	539.14	486.05	562.31	362.39
Interest Expense	-1.68	-0.69	-	-	-	-
Other Non-Operating Income (Expense)	16.77	18.86	39.68	31.51	6.55	0.62
Total Non-Operating Income (Expense)	15.77	18.17	39.68	31.51	6.55	0.62
Pretax Income	639.5	610.33	578.82	517.56	568.86	363.02
Provision for Income Taxes	135.87	128.95	124.86	111.92	122.49	93.04
Net Income	503.63	481.38	453.96	405.65	446.36	269.98
Net Income to Common	503.63	481.38	453.96	405.65	446.36	269.98
Net Income Growth	9.44%	6.04%	11.91%	-9.12%	65.33%	53.35%
Shares Outstanding (Basic)	69	69	69	69	69	70
Shares Outstanding (Diluted)	69	69	69	69	70	70
Shares Change (YoY)	-0.01%	-0.05%	-0.17%	-0.52%	-0.33%	-0.05%
EPS (Basic)	7.30	6.98	6.58	5.87	6.42	3.87
EPS (Diluted)	7.30	6.97	6.57	5.86	6.42	3.87
EPS Growth	9.55%	6.09%	12.12%	-8.72%	65.89%	53.44%
Shares Outstanding	68.97	68.94	68.92	69.02	69.26	69.7
Free Cash Flow	457.33	450.43	459.5	382.94	427.3	249.08
Free Cash Flow Growth	1.53%	-1.97%	19.99%	-10.38%	71.55%	25.81%
Free Cash Flow Per Share	6.63	6.53	6.65	5.54	6.14	3.57
Dividends Per Share	2.200	2.130	1.700	1.440	1.333	1.222
Dividend Growth	3.29%	25.29%	18.06%	8.00%	9.09%	-
Gross Margin	92.22%	92.26%	92.43%	93.52%	96.06%	97.03%
Operating Margin	74.42%	74.19%	76.38%	76.96%	84.25%	80.36%
Profit Margin	60.03%	60.31%	64.32%	64.23%	66.88%	59.87%
FCF Margin	54.51%	56.43%	65.10%	60.63%	64.02%	55.23%
EBITDA	689.05	654.69	564.3	500.81	577.68	378.65
EBITDA Margin	82.13%	82.02%	79.95%	79.29%	86.55%	83.97%
EBIT	624.42	592.16	539.14	486.05	562.31	362.39
EBIT Margin	74.42%	74.19%	76.38%	76.96%	84.25%	80.36%
Effective Tax Rate	21.25%	21.13%	21.57%	21.62%	21.53%	25.63%

Updated May 6, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q