Texas Pacific Land Corporation (TPL)

Revenue Breakdown

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Oil and Gas Royalties Revenue	418.60M	411.68M	373.33M
Oil and Gas Royalties Revenue Growth	1.68%	10.27%	4.46%
Water Sales Revenue	177.75M	169.70M	150.72M
Water Sales Revenue Growth	4.74%	12.59%	34.33%
Produced Water Royalties Revenue	130.05M	124.22M	104.12M
Produced Water Royalties Revenue Growth	4.69%	19.30%	23.57%
Easements and Other Surface-Related Income	90.87M	91.78M	73.26M
Easements and Other Surface-Related Income Growth	-0.99%	25.28%	3.28%
Land Sales and Other Operating Revenue	-	819.00K	4.39M
Land Sales and Other Operating Revenue Growth	-	-81.34%	-35.53%
Revenue (Other)	21.76M	-	-
Revenue (Total)	839.03M	798.19M	705.82M
Revenue (Total) Growth	5.12%	13.09%	11.75%

Revenue Breakdown 2

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Land and Resource Management Revenue	517.71M	490.73M	440.79M
Land and Resource Management Revenue Growth	5.50%	11.33%	2.01%
Water Services and Operations Revenue	321.32M	307.46M	265.03M
Water Services and Operations Revenue Growth	4.51%	16.01%	32.85%
Revenue (Total)	839.03M	798.19M	705.82M
Revenue (Total) Growth	5.12%	13.09%	11.75%

Net Income

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Land and Resource Management Net Income	337.79M	322.42M	314.90M
Land and Resource Management Net Income Growth	4.77%	2.39%	2.67%
Water Services and Operations Net Income	165.83M	158.96M	139.06M
Water Services and Operations Net Income Growth	4.32%	14.31%	40.55%

Key Performance Indicators

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Number of Acres Owned - Surface	882.05K	873.14K
Number of Acres Owned - Surface Growth	1.02%	0.54%
Number of Acres Owned - 1/128th Royalty	85.00K	84.93K
Number of Acres Owned - 1/128th Royalty Growth	0.08%	-
Number of Acres Owned - 1/16th Royalty	371.00K	370.74K
Number of Acres Owned - 1/16th Royalty Growth	0.07%	-

Updated May 6, 2026. Data Source: Fiscal.ai.