TPLTexas Pacific Land Corporation
$361.00+19% 1Y
$361.00
$272.8352 weeks$538.97
The financials
Texas Pacific Land Corporation by the numbers
Texas Pacific Land Corporation (TPL) reported revenue of $246M in Q2 2026 (quarter ended Jun 30, 2026), up 31% from the same quarter a year earlier. That came with net income of $154M (63% of revenue). For the full year FY2025, revenue was $798M (+13% year on year) and net income $481M. Its largest product in Q2 2026 was Oil And Gas Royalties at $146M, 59% of the disclosed total, well ahead of Water Sales at 16%. The next results filing is expected around Nov 4, 2026, the same week as a year ago.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $246M | $188M | +31% |
| Operating income | $192M | $144M | +33% |
| Net income | $154M | $116M | +33% |
| Diluted EPS | $2.23 | $1.68 | +33% |
| Product | Revenue | Share |
|---|---|---|
| Oil And Gas Royalties | $146M | 59% |
| Water Sales | $40M | 16% |
| Produced Water Royalties | $37M | 15% |
| Easementand Sundry | $24M | 9.6% |
Business segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $246.1M (+3.9%)
Water Sales grew +55% year on yearEasement and Sundry -35% year on year
Segment Latestquarter on quarteryear on year
- Oil And Gas Royalties$145.6M$145.6Mquarter on quarter +23%year on year +53%+23%+53%
- Water Sales$39.7M$39.7Mquarter on quarter n/ayear on year +55%n/a+55%
- Produced Water Royalties$37.1M$37.1Mquarter on quarter +11%year on year +21%+11%+21%
- Easement and Sundry$23.7M$23.7Mquarter on quarter +37%year on year -35%+37%-35%
- Land Sale$0.00$0.00quarter on quarter -100%year on year n/a-100%n/a
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