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)
- $898M
- Revenue growth
- +20.8%
- Operating margin
- 74.9%
- Net income (12 months)
- $541M
- Free cash flow (12 months)
- —
- Cash
- $249M
- Debt
- —
- Diluted EPS (12 months)
- $0.98
Twelve months to June 30, 2026, from the 10-Q filed August 5, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Texas Pacific Land Corporation reported revenue of $898 million, up 20.8% from a year earlier.
Its operating margin was 74.9%: for every $100 of sales, about $75 was left as operating profit.
Net income was $541 million (60.3% of revenue), 17.3% higher than a year earlier.
At the end of the period it held $249 million in cash and not reported in debt, a net cash position of $249 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
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
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Questions about Texas Pacific Land Corporation
Is Texas Pacific Land Corporation's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $898 million, up 20.8% from a year earlier, according to its SEC filings.
Is Texas Pacific Land Corporation profitable?
Yes. It earned $541 million in net income over the twelve months to June 30, 2026, a net margin of 60.3%.
When did Texas Pacific Land Corporation last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 5, 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 September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.