The Filings Report

Texas Pacific Land Corporation

TPLNYSECIK 1811074Energy / Oil & Gas Royaltyfiscal year ends December30 quarters since 2019

Revenue, Q2 FY2026
$246M
+31.2% on Q2 FY2025
Net income
$154M
+32.5% on Q2 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$2.23
+32.7% on Q2 FY2025
Revenue, TTM
$898M
trailing four quarters
Net margin, TTM
60.3%
net income $541M
Free cash flow, TTM
—
Cash and equivalents
$249M
long-term debt —, Jun 30, 2026
Shares, 12-month change
+0.0%
69M shares, Jun 30, 2026
Buybacks, TTM
$8M
0.0% of market value
Dividends, TTM
$157M
0.7% of market value
Market value
$22.9B
at the close, buybacks

Latest quarter Q2 FY2026, filed August 5, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, Texas Pacific Land Corporation reported revenue of $246M, +31.2% on Q2 FY2025, and net income of $154M (+32.5%). Operating margin was 78.0%. Diluted earnings per share were $2.23.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 5, 2026.

Revenue and net incomeRevenueNet income
$0$100M$200M$300MQ3'22, Revenue: $191MQ3'22, Net income: $130MQ3'22Q4'22, Revenue: $153MQ4'22, Net income: $100MQ4'22Q1'23, Revenue: $146MQ1'23, Net income: $87MQ1'23Q2'23, Revenue: $161MQ2'23, Net income: $100MQ2'23Q3'23, Revenue: $158MQ3'23, Net income: $106MQ3'23Q4'23, Revenue: $167MQ4'23, Net income: $113MQ4'23Q1'24, Revenue: $174MQ1'24, Net income: $114MQ1'24Q2'24, Revenue: $172MQ2'24, Net income: $115MQ2'24Q3'24, Revenue: $174MQ3'24, Net income: $107MQ3'24Q4'24, Revenue: $186MQ4'24, Net income: $118MQ4'24Q1'25, Revenue: $196MQ1'25, Net income: $121MQ1'25Q2'25, Revenue: $188MQ2'25, Net income: $116MQ2'25Q3'25, Revenue: $203MQ3'25, Net income: $121MQ3'25Q4'25, Revenue: $212MQ4'25, Net income: $123MQ4'25Q1'26, Revenue: $237MQ1'26, Net income: $143MQ1'26Q2'26, Revenue: $246MQ2'26, Net income: $154MQ2'26$0$100M$200M$300MQ3'22, Revenue: $191MQ3'22, Net income: $130MQ4'22, Revenue: $153MQ4'22, Net income: $100MQ4'22Q1'23, Revenue: $146MQ1'23, Net income: $87MQ2'23, Revenue: $161MQ2'23, Net income: $100MQ2'23Q3'23, Revenue: $158MQ3'23, Net income: $106MQ4'23, Revenue: $167MQ4'23, Net income: $113MQ4'23Q1'24, Revenue: $174MQ1'24, Net income: $114MQ2'24, Revenue: $172MQ2'24, Net income: $115MQ2'24Q3'24, Revenue: $174MQ3'24, Net income: $107MQ4'24, Revenue: $186MQ4'24, Net income: $118MQ4'24Q1'25, Revenue: $196MQ1'25, Net income: $121MQ2'25, Revenue: $188MQ2'25, Net income: $116MQ2'25Q3'25, Revenue: $203MQ3'25, Net income: $121MQ4'25, Revenue: $212MQ4'25, Net income: $123MQ4'25Q1'26, Revenue: $237MQ1'26, Net income: $143MQ2'26, Revenue: $246MQ2'26, Net income: $154MQ2'26

Net income losses drawn in red.

Free cash flow
$0$50M$100M$150MQ3'22, Free cash flow: $117MQ3'22Q4'22, Free cash flow: $126MQ4'22Q1'23, Free cash flow: $111MQ1'23Q2'23, Free cash flow: $83MQ2'23Q3'23, Free cash flow: $102MQ3'23Q4'23Q1'24Q2'24Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26$0$50M$100M$150MQ3'22, Free cash flow: $117MQ4'22, Free cash flow: $126MQ4'22Q1'23, Free cash flow: $111MQ2'23, Free cash flow: $83MQ2'23Q3'23, Free cash flow: $102MQ4'23Q2'24Q4'24Q2'25Q4'25Q2'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$250M$500M$750M$1.0BQ3'22, Cash and equivalents: $447MQ3'22Q4'22, Cash and equivalents: $511MQ4'22Q1'23, Cash and equivalents: $591MQ1'23Q2'23, Cash and equivalents: $609MQ2'23Q3'23, Cash and equivalents: $654MQ3'23Q4'23, Cash and equivalents: $725MQ4'23Q1'24, Cash and equivalents: $837MQ1'24Q2'24, Cash and equivalents: $895MQ2'24Q3'24, Cash and equivalents: $534MQ3'24Q4'24, Cash and equivalents: $370MQ4'24Q1'25, Cash and equivalents: $460MQ1'25Q2'25, Cash and equivalents: $544MQ2'25Q3'25, Cash and equivalents: $532MQ3'25Q4'25, Cash and equivalents: $145MQ4'25Q1'26, Cash and equivalents: $248MQ1'26Q2'26, Cash and equivalents: $249MQ2'26$0$250M$500M$750M$1.0BQ3'22, Cash and equivalents: $447MQ4'22, Cash and equivalents: $511MQ4'22Q1'23, Cash and equivalents: $591MQ2'23, Cash and equivalents: $609MQ2'23Q3'23, Cash and equivalents: $654MQ4'23, Cash and equivalents: $725MQ4'23Q1'24, Cash and equivalents: $837MQ2'24, Cash and equivalents: $895MQ2'24Q3'24, Cash and equivalents: $534MQ4'24, Cash and equivalents: $370MQ4'24Q1'25, Cash and equivalents: $460MQ2'25, Cash and equivalents: $544MQ2'25Q3'25, Cash and equivalents: $532MQ4'25, Cash and equivalents: $145MQ4'25Q1'26, Cash and equivalents: $248MQ2'26, Cash and equivalents: $249MQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

Texas Pacific Land Corporation income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 18, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 19, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue246237212203188196186174+31.2%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative896666713+40.6%
Operating income192182149149144150143127+33.4%
Other income (expense)32365488−45.5%
Pretax income194184152155149154151135+30.0%
Income tax4041283433343329+21.1%
Net income154143123121116121118107+32.5%
Diluted EPS ($)2.232.07—1.76*1.681.75—1.54*+32.7%
Diluted shares (millions)6969—69*6969—69*—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

Texas Pacific Land Corporation balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 18, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 19, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents249248145532544460370534−54.3%
Short-term investments—————————
Total current assets428435319737668607503709−35.8%
Total assets1,8591,7511,6231,5251,4051,3531,2481,176+32.4%
Total current liabilities94103736845784757+108.6%
Long-term debt—————————
Total liabilities187196164157116147116123+61.7%
Stockholders’ equity1,6721,5561,4591,3681,2891,2061,1321,052+29.7%
Shares outstanding (millions)69696969*69*69*69*69*—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

Texas Pacific Land Corporation cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 18, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 19, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow173162114155121157127119+43.0%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization171422151412116+21.5%
Share repurchases00080066—
Dividends paid41423737373737257+12.5%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 18, 2026.

Income statement

Texas Pacific Land Corporation income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 18, 2026FY2024ended Dec 31, 2024filed Feb 19, 2025FY2023ended Dec 31, 2023filed Feb 21, 2024FY2022ended Dec 31, 2022filed Feb 22, 2023FY2021ended Dec 31, 2021filed Feb 23, 2022FY2020ended Dec 31, 2020filed Feb 25, 2021FY2019ended Dec 31, 2019filed Feb 25, 2021FY2018ended Dec 31, 2018filed Feb 25, 2021
Revenue798706632667451303490300
Cost of revenue————————
Gross profit————————
Research and development————————
Selling, general and administrative243446221210105
Operating income592539486562362217400261
Other income (expense)19403271231
Pretax income610579518569363220402262
Income tax12912511212293448452
Net income481454406446270176319210
Diluted EPS ($)6.976.575.866.42*3.87*2.52*4.57*—
Diluted shares (millions)69696970*69,768*69,805*69,808*70,087*

Balance sheet

Texas Pacific Land Corporation balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 18, 2026FY2024ended Dec 31, 2024filed Feb 19, 2025FY2023ended Dec 31, 2023filed Feb 21, 2024FY2022ended Dec 31, 2022filed Feb 22, 2023FY2021ended Dec 31, 2021filed Feb 23, 2022FY2020ended Dec 31, 2020filed Feb 25, 2021FY2019ended Dec 31, 2019filed Feb 25, 2021FY2018ended Dec 31, 2018filed Feb 25, 2021
Cash and equivalents145370725511428281304—
Short-term investments————————
Total current assets319503862633527333——
Total assets1,6231,2481,156877764572598—
Total current liabilities734744405121——
Long-term debt————————
Total liabilities1641161131051128686—
Stockholders’ equity1,4591,1321,043773652485512245
Shares outstanding (millions)6969*69*69*70*70*——

Cash flow statement

Texas Pacific Land Corporation cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 18, 2026FY2024ended Dec 31, 2024filed Feb 19, 2025FY2023ended Dec 31, 2023filed Feb 21, 2024FY2022ended Dec 31, 2022filed Feb 22, 2023FY2021ended Dec 31, 2021filed Feb 23, 2022FY2020ended Dec 31, 2020filed Feb 25, 2021FY2019ended Dec 31, 2019filed Feb 25, 2021FY2018ended Dec 31, 2018filed Feb 25, 2021
Operating cash flow546491418447265207343195
Capital expenditures———191653248
Free cash flow (CFO − capex)———428249202311148
Depreciation and amortization63251515161493
Share repurchases8294388200438
Dividends paid148347100247852024732

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$18K
42 purchases by 2 insiders; officers and directors $2K
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$572K
230 purchases by 3 insiders; officers and directors $461K
Sold, twelve months
$3M
5 sales by 3 insiders; officers and directors $3M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Sep 29, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy4$340.96$1K3MOct 1, 2026
Sep 28, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$340.12$3403MSep 29, 2026
Sep 25, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$339.72$3403MSep 29, 2026
Sep 24, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$340.28$3403MSep 25, 2026
Sep 23, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$352.95$3533MSep 24, 2026
Sep 22, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$361.36$3613MSep 23, 2026
Sep 21, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$348.98$3493MSep 22, 2026
Sep 18, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$351.34$3513MSep 21, 2026
Sep 17, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$349.35$3493MSep 18, 2026
Sep 16, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$352.36$3523MSep 17, 2026
Sep 15, 2026Doyle PeterDirectoropen-market buy5$371.64$2K146,941Sep 17, 2026
Sep 15, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$370.59$3713MSep 16, 2026
Sep 14, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$371.73$3723MSep 15, 2026
Sep 11, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$367.88$3683MSep 14, 2026
Sep 10, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$366.18$3663MSep 11, 2026
Sep 9, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$378.57$3793MSep 10, 2026
Sep 8, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$375.10$3753MSep 9, 2026
Sep 4, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$360.03$3603MSep 8, 2026
Sep 3, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$367.61$3683MSep 4, 2026
Sep 2, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$363.20$3633MSep 3, 2026
Sep 1, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$369.10$3693MSep 2, 2026
Aug 31, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$369.47$3693MSep 1, 2026
Aug 28, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$364.42$3643MAug 31, 2026
Aug 27, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$365.74$3663MAug 28, 2026
Aug 26, 2026Horizon Kinetics Asset Management LLC10% owneropen-market buy1$375.00$3753MAug 27, 2026

Full insider history for Texas Pacific Land Corporation, or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
TEXAS PACIFIC LAND CORPORATION, CIK 1811074 on EDGAR
Extract generated
November 1, 2026
Withheld
1 line-years whose four quarters do not sum to the filed year: income tax FY2021
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: not filed
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/TPL.json