TPL
Texas Pacific Land CorporationStock · EnergyS&P 500 Equal Weight 0.2% · S&P 500 0.04% · Russell 1000 0.04% · Russell 3000 0.04% · US Stock Market 0.04% · MSCI ACWI 0.03% · MSCI World 0.02%$369.10+0.82%
as of market close, Sep 11, 2026
☾ AH — —
TPL financial statements
The full income statement, balance sheet, and cash-flow statement for Texas Pacific Land Corporation (TPL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 68.9M2024-09 68.9M2024-12 69.0M2025-03 69.0M2025-06 69.0M2025-09 68.9M2025-12 68.9M2026-03 69.0M2026-06 69.0M+0.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 798M+13.1% | 706M+11.8% | 632M-5.4% | 667M+48.0% | 451M+49.0% | |
| Selling, general & administrative | 23.8M-31.0% | 34.5M-25.8% | 46.5M+110.9% | 22.0M+89.2% | 11.6M+19.4% | |
| General & administrative | 23.8M-31.0% | 34.5M-25.8% | 46.5M+110.9% | 22.0M+89.2% | 11.6M+19.4% | |
| Amortization of intangibles | 2.30M+53.3% | 1.50M+275.0% | 400K | 0.00 | — | |
| Operating income | 592M+9.8% | 539M+10.9% | 486M-13.6% | 562M+55.2% | 362M+66.8% | |
| Interest expense | 690K | 0.00 | 0.00 | — | — | |
| Other non-operating income | 18.9M+701.8% | 2.35M-0.5% | 2.36M+10845.5% | -22.0K-105.1% | 433K-82.0% | |
| Pre-tax income | 610M+5.4% | 579M+11.8% | 518M-9.0% | 569M+56.7% | 363M+65.3% | |
| Income tax | 129M+3.3% | 125M+11.6% | 112M-8.6% | 122M+31.7% | 93.0M+113.3% | |
| Net income | 481M+6.0% | 454M+11.9% | 406M-9.1% | 446M+65.3% | 270M+53.4% | |
| $6.97+6.1% | $6.57+12.1% | $5.86-8.7% | $6.42+65.9% | $3.87+53.4% | ||
| EPS (basic) | $6.98+6.1% | $6.58+12.1% | $5.87-8.6% | $6.42+66.0% | $3.87+53.4% | |
| Weighted-avg shares (basic) | 68.9M-0.0% | 69.0M-0.3% | 69.1M-0.5% | 69.5M-0.4% | 69.8M-0.1% | |
| Weighted-avg shares (diluted) | 69.0M-0.0% | 69.1M-0.2% | 69.2M-0.5% | 69.5M-0.3% | 69.8M-0.1% | |
| Dividends per share | $2.13-57.7% | $5.04+249.0% | $1.44-59.6% | $3.57+192.1% | $1.22+10.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 319M-36.6% | 503M-41.6% | 862M+36.2% | 633M+20.3% | 527M+58.3% | ||
| Cash & equivalents | 145M-60.8% | 370M-49.0% | 725M+42.0% | 511M+19.3% | 428M+52.4% | |
| Accounts receivable | 165M | — | — | — | — | |
| Prepaid expenses | 5.29M-0.4% | 5.32M+80.6% | 2.94M-60.4% | 7.43M+143.2% | 3.05M+136.7% | |
| 1.62B+30.1% | 1.25B+7.9% | 1.16B+31.8% | 877M+14.8% | 764M+33.7% | ||
| Property, plant & equipment | 165M+34.2% | 123M+36.8% | 89.6M+4.8% | 85.5M+7.2% | 79.7M+0.6% | |
| Operating lease right-of-use | 13.7M+1076.5% | 1.16M-37.5% | 1.86M-26.3% | 2.52M+38.3% | 1.83M-26.2% | |
| Intangible assets | 32.8M-6.7% | 35.2M+67.4% | 21.0M | 0.00 | — | |
| 72.6M+55.9% | 46.6M+4.9% | 44.4M+12.1% | 39.6M-22.2% | 50.9M+138.1% | ||
| Accrued liabilities | 39.6M+46.8% | 27.0M+19.8% | 22.5M-4.0% | 23.4M+30.9% | 17.9M+34.4% | |
| Deferred revenue | 20.1M+195.8% | 6.80M+7.4% | 6.33M+41.0% | 4.49M+17.8% | 3.81M-4.7% | |
| 164M+42.2% | 116M+2.1% | 113M+8.3% | 105M-7.0% | 112M+30.0% | ||
| Deferred revenue (non-current) | 21.1M+2.1% | 20.6M-17.5% | 25.0M+15.2% | 21.7M+6.2% | 20.4M-7.8% | |
| Non-current lease liability | 16.2M+3470.6% | 453K-61.3% | 1.17M-40.2% | 1.96M+35.3% | 1.45M-28.7% | |
| Operating lease liability (total) | 17.8M+1269.2% | 1.30M-35.8% | 2.02M-27.4% | 2.79M+32.8% | 2.10M-25.0% | |
| Deferred tax liabilities | 54.1M+14.1% | 47.4M+11.9% | 42.4M+3.0% | 41.2M+5.7% | 38.9M+0.6% | |
| 1.46B+28.8% | 1.13B+8.6% | 1.04B+35.0% | 773M+18.6% | 652M+34.3% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 691K+199.1% | 231K+196.2% | 78.0K+0.0% | 78.0K+0.0% | 78.0K | |
| Additional paid-in capital | 9.91M-50.2% | 19.9M+36.2% | 14.6M+76.2% | 8.29M+29517.9% | 28.0K | |
| Retained earnings | 1.60B+24.9% | 1.28B+9.0% | 1.17B+35.3% | 866M+29.7% | 668M+36.9% | |
| Treasury stock | 151M-10.4% | 169M+16.4% | 145M+39.2% | 104M+575.5% | 15.4M | |
| Accumulated other comprehensive income | 4.15M+15.8% | 3.58M+95.7% | 1.83M-27.2% | 2.52M+349.9% | -1.01M+62.6% | |
| Total liabilities & equity | 1.62B+30.1% | 1.25B+7.9% | 1.16B+31.8% | 877M+14.8% | 764M+33.7% | |
| Common shares outstanding | 68.9M+0.0% | 68.9M-0.2% | 69.0M-0.3% | 69.3M-0.6% | 69.7M-0.1% | |
| Shares outstanding (cover) | 68.9M-0.0% | 69.0M-0.1% | 69.0M-0.4% | 69.3M-0.6% | 69.7M-0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 546M+11.3% | 491M+17.3% | 418M-6.5% | 447M+68.6% | 265M+28.1% | ||
| Depreciation & amortization | 62.5M+148.5% | 25.2M+70.5% | 14.8M-4.0% | 15.4M-5.4% | 16.3M+12.9% | |
| Intangible amortization | 2.30M+53.3% | 1.50M+275.0% | 400K | 0.00 | — | |
| Share-based compensation | 15.1M+21.1% | 12.5M+20.8% | 10.3M+22.7% | 8.43M+30014.3% | 28.0K | |
| Deferred income taxes | 6.55M+42.4% | 4.60M+229.1% | 1.40M+10.8% | 1.26M+653.9% | -228K+90.5% | |
| -596M-26.3% | -472M-682.2% | -60.3M-181.8% | -21.4M-42.7% | -15.0M+42.3% | ||
| Capital expenditure | 36.0M+2335.7% | 1.48M-92.7% | 20.3M+7.1% | 19.0M+15.5% | 16.4M+222.7% | |
| Free cash flow | 510M+4.2% | 489M+22.9% | 398M-7.1% | 428M+72.1% | 249M+23.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 0.00 | 0.00-100.0% | 5.00K-95.3% | 106K-90.2% | 1.09M | |
| -176M+53.4% | -378M-161.5% | -145M+57.1% | -337M-220.9% | -105M+48.0% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 8.38M-71.3% | 29.2M-31.5% | 42.6M-51.5% | 87.8M+345.9% | 19.7M | |
| Dividends paid | 148M-57.4% | 347M+247.4% | 100.0M-59.6% | 247M+190.0% | 85.3M-57.7% | |
| Net change in cash | -226M+37.1% | -359M-268.3% | 213M+139.9% | 88.9M-38.8% | 145M+804.2% | |
| Income taxes paid | 127M+5.2% | 121M+15.9% | 104M-31.5% | 152M+122.7% | 68.2M+46.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 19.8B-22.1% | 25.4B+110.6% | 12.1B-33.2% | 18.1B+86.7% | 9.67B+71.5% | |
| P/E | 41.1×-26.5% | 56.0×+82.0% | 30.8×-27.5% | 42.4×+18.4% | 35.8×+11.9% | |
| P/S | 24.8×-31.1% | 36.0×+84.3% | 19.5×-28.4% | 27.3×+27.2% | 21.4×+15.1% | |
| P/B | 13.6×-39.5% | 22.4×+79.4% | 12.5×-50.0% | 25.0×+68.7% | 14.8×+27.7% | |
| P/FCF | 38.8×-25.3% | 52.0×+81.8% | 28.6×-38.6% | 46.5×+19.6% | 38.9×+39.3% | |
| Earnings yield | 2.4%+36.1% | 1.8%-45.1% | 3.3%+37.9% | 2.4%-15.6% | 2.8%-10.6% | |
| FCF yield | 2.6%+33.8% | 1.9%-45.0% | 3.5%+62.7% | 2.1%-16.4% | 2.6%-28.2% | |
| Dividend yield | 0.74%-45.7% | 1.4%+65.4% | 0.83%-39.7% | 1.4%+55.6% | 0.88%-36.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TPL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TPL filings on SEC EDGAR → Not investment advice.