Texas Pacific Land Corporation (TPL): financials, SEC filings and peers
Texas Pacific Land Corporation (TPL) is an oil & gas exploration & production company in the Energy sector of the S&P 500, headquartered in Dallas, Texas.
It was founded in 1888 and joined the S&P 500 on November 26, 2024.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Oil Royalty Traders”.
Texas Pacific Land Corporation at a glance
- Revenue (12 months)
- $968M
- Revenue growth
- +25.3%
- Operating margin
- 75.5%
- Net income (12 months)
- $588M
- Free cash flow (12 months)
- —
- Cash
- $370M
- Debt
- —
- Diluted EPS (12 months)
- $8.50
Twelve months to September 30, 2026, from the 10-Q filed November 4, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Texas Pacific Land Corporation reported revenue of $968 million, up a strong 25.3% from $772 million a year earlier.
Its operating margin was 75.5%: for every $100 of sales, about $76 was left as operating profit.
Net income was $588 million (60.7% of revenue), 23.3% higher than a year earlier.
At the end of the period it held $370 million in cash and not reported in debt, a net cash position of $370 million.
Five-year trend
- Revenue went from $303 million in fiscal 2020 to $798 million in fiscal 2025, about 21.4% a year.
- Operating margin widened from 71.8% to 74.2% over the same years.
- Free cash flow was positive in each of the last 3 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $451M | $667M | $632M | $706M | $798M |
| Revenue growth | 49.0% | 48.0% | -5.4% | 11.8% | 13.1% |
| Operating margin | 80.4% | 84.3% | 77.0% | 76.4% | 74.2% |
| Net income | $270M | $446M | $406M | $454M | $481M |
| Free cash flow | $249M | $428M | — | — | — |
| Diluted EPS | $34.83 | $19.26 | $5.86 | $6.57 | $6.97 |
Fiscal years as reported in Texas Pacific Land Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K12B filed November 10, 2026 — Bylaw or fiscal-year change; Shareholder vote results
- 10-Q filed November 4, 2026 — quarterly report
- 8-K filed November 4, 2026 — Earnings results; Regulation FD disclosure
- 8-K filed September 25, 2026 — Executive or director change
- 10-Q filed August 5, 2026 — quarterly report
- 8-K filed August 5, 2026 — Earnings results; Regulation FD disclosure
Companies like Texas Pacific Land Corporation
Other S&P 500 companies in Oil & Gas Exploration & Production:
- APAAPA CorporationHouston, Texas
- COPConocoPhillipsHouston, Texas
- DVNDevon EnergyOklahoma City, Oklahoma
- EOGEOG ResourcesHouston, Texas
- EQTEQT CorporationPittsburgh, Pennsylvania
- EXEExpand EnergyOklahoma City, Oklahoma
- FANGDiamondback EnergyMidland, Texas
- OXYOccidental PetroleumHouston, Texas
More from Energy
Questions about Texas Pacific Land Corporation
Is Texas Pacific Land Corporation's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $968 million, up 25.3% from a year earlier, according to its SEC filings.
Is Texas Pacific Land Corporation profitable?
Yes. It earned $588 million in net income over the twelve months to September 30, 2026, a net margin of 60.7%.
When did Texas Pacific Land Corporation last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 4, 2026.
Which companies are similar to Texas Pacific Land Corporation?
In the S&P 500, Texas Pacific Land Corporation is grouped in Oil & Gas Exploration & Production within the Energy sector. APA Corporation (APA), ConocoPhillips (COP), Devon Energy (DVN), EOG Resources (EOG), EQT Corporation (EQT) are in the same group.
Understand the numbers
Source: Texas Pacific Land Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 10, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.