Texas Pacific Land Corp
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TPL Q1 2026 request
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| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 236,818 | 195,983 | +20.8% |
Show Product Lines breakouts |
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| Easements and other surface-related income | 17,315 | 18,225 | -5.0% |
| Easements and other surface-related income · LRM | 14,449 | 15,336 | -5.8% |
| Easements and other surface-related income · WSO | 2,866 | 2,889 | -0.8% |
| Land sale | 20,944 | — | — |
| Land sale · LRM | 20,944 | — | — |
| Oil and gas royalties | 118,167 | 111,245 | +6.2% |
| Oil and gas royalties · LRM | 118,167 | 111,245 | +6.2% |
| Produced water royalties | 33,529 | 27,700 | +21.0% |
| Produced water royalties · WSO | 33,529 | 27,700 | +21.0% |
| Water sales | 46,863 | 38,813 | +20.7% |
| Water sales · WSO | 46,863 | 38,813 | +20.7% |
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| LRM · Operating Segments | 153,560 | 126,581 | +21.3% |
| WSO · Operating Segments | 83,258 | 69,402 | +20.0% |
| Labor And Related Expense | 14,987 | 14,572 | +2.8% |
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| LRM | 7,558 | 7,404 | +2.1% |
| WSO | 7,429 | 7,168 | +3.6% |
| Water Production Costs | 14,287 | 11,126 | +28.4% |
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| WSO | 14,287 | 11,126 | +28.4% |
| General & Administrative | 8,631 | 6,072 | +42.1% |
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| LRM | 5,495 | 3,313 | +65.9% |
| WSO | 3,136 | 2,759 | +13.7% |
| Depreciation & Amortization | 14,043 | 11,941 | +17.6% |
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| LRM | 9,194 | 7,689 | +19.6% |
| WSO | 4,849 | 4,252 | +14.0% |
| Taxes Excluding Income And Excise Taxes | 2,542 | 2,199 | +15.6% |
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| LRM | 2,530 | 2,189 | +15.6% |
| WSO | 12 | 10 | +20.0% |
| Total Costs & Expenses | 54,490 | 45,910 | +18.7% |
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| LRM | 24,777 | 20,595 | +20.3% |
| WSO | 29,713 | 25,315 | +17.4% |
| Operating Income | 182,328 | 150,073 | +21.5% |
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| LRM | 128,783 | 105,986 | +21.5% |
| WSO | 53,545 | 44,087 | +21.5% |
| Interest Expense | -992 | — | — |
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| LRM | -793 | — | — |
| WSO | -199 | — | — |
| Non-Operating Income (Expense) | 2,228 | 4,321 | -48.4% |
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| LRM | 1,581 | 3,416 | -53.7% |
| WSO | 647 | 905 | -28.5% |
| Income Before Taxes | 183,564 | 154,394 | +18.9% |
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| LRM | 129,571 | 109,402 | +18.4% |
| WSO | 53,993 | 44,992 | +20.0% |
| Income Tax Expense (Benefit) | 40,662 | 33,742 | +20.5% |
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| LRM | 28,648 | 23,858 | +20.1% |
| WSO | 12,014 | 9,884 | +21.5% |
| Net Income | 142,902 | 120,652 | +18.4% |
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| LRM | 100,923 | 85,544 | +18.0% |
| WSO | 41,979 | 35,108 | +19.6% |
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| Retained Earnings | 142,902 | 120,652 | +18.4% |
| Other Comprehensive Income | -359 | -39 | -820.5% |
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| Accumulated Other Comprehensive Income | -359 | -39 | -820.5% |
| Comprehensive Income | 142,543 | 120,613 | +18.2% |
| EPS (Basic) | 2.07 | 1.75 | +18.3% |
| EPS (Diluted) | 2.07 | 1.75 | +18.3% |
| Wtd Avg Shares (Basic) | 68,959,013 | 68,942,085 | 0.0% |
| Wtd Avg Shares (Diluted) | 69,009,942 | 69,017,541 | -0.0% |
| Common Stock Dividends Per Share Declared | 0.6 | 0.53 | +13.2% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 247,571 | — | — |
| Prepaid Expenses & Other Current Assets | 5,866 | 4,873 | +20.4% |
| Total Current Assets | 435,085 | 606,920 | -28.3% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 166,751 | — | — |
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| LRM | 7,263 | — | — |
| WSO | 159,488 | — | — |
| Notes And Loans Receivable Net Noncurrent | 19,984 | — | — |
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| Land sale | 20.9 | — | — |
| Operating Lease Right-of-Use Assets | 13,404 | — | — |
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| TX | 13.4 | — | — |
| Total Assets | 1,751,453 | 1,353,292 | +29.4% |
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| LRM | 1,456,377 | 1,127,711 | +29.1% |
| WSO | 295,076 | 225,581 | +30.8% |
| Intangible Assets | 32,260 | — | — |
| Other Assets | |||
| Other Receivables | 181,053 | 138,251 | +31.0% |
| Escrow Deposit | 595 | — | — |
| Total Royalty Interests | 831,450 | 428,662 | +94.0% |
| Real Estate Gross At Carrying Value | 179,129 | 143,183 | +25.1% |
| Intangible Assets Net Excluding Goodwill | 32,260 | 34,602 | -6.8% |
| Equity Securities Fv Ni Cost | 50,000 | — | — |
| Other Assets | 23,390 | 11,457 | +104.2% |
| Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current | 40,541 | 25,071 | +61.7% |
| Accrual For Taxes Other Than Income Taxes Current | 2,945 | 3,436 | -14.3% |
| Accrued Income Taxes Current | 37,271 | 37,332 | -0.2% |
| Deferred Revenue (Current) | 22,168 | 12,019 | +84.4% |
| Total Current Liabilities | 102,925 | 77,858 | +32.2% |
| Non-Current Liabilities | |||
| Deferred Tax Liabilities | 57,691 | 48,189 | +19.7% |
| Contract With Customer Liability Noncurrent | 18,973 | 20,310 | -6.6% |
| Operating Lease Liabilities | 15,844 | — | — |
| Accrued Liabilities Current And Noncurrent | 74 | 678 | -89.1% |
| Total Liabilities | 195,507 | 147,035 | +33.0% |
| Stockholders' Equity | |||
| Common Stock | 691 | 231 | +199.1% |
| Treasury Stock Common Value | -132,908 | — | — |
| Additional Paid-In Capital | 2,909 | 2,122 | +37.1% |
| Accumulated Other Comprehensive Income | 3,791 | 3,544 | +7.0% |
| Retained Earnings | 1,681,463 | 1,345,210 | +25.0% |
| Total Stockholders' Equity | 1,555,946 | 1,206,257 | +29.0% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 3,791 | 3,544 | +7.0% |
| Additional Paid In Capital | 2,909 | 2,122 | +37.1% |
| Common Stock | 691 | 231 | +199.1% |
| Retained Earnings | 1,681,463 | 1,345,210 | +25.0% |
| Treasury Stock Common | -132,908 | -144,850 | +8.2% |
| Total Liabilities & Equity | 1,751,453 | 1,353,292 | +29.4% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Gain Loss On Disposition Of Real Estate | -20,944 | — | — |
| Stock-Based Compensation | 5,063 | 4,397 | +15.1% |
| Increase Decrease In Deferred Income Taxes | 3,584 | 788 | +354.8% |
| Other Operating Activities Cash Flow Statement | 186 | — | — |
| Increase Decrease In Other Operating Assets | -14,458 | -11,339 | -27.5% |
| Increase Decrease In Other Operating Liabilities | -5,348 | -2,657 | -101.3% |
| Increase Decrease In Accrued Income Taxes Payable | 33,264 | 32,944 | +1.0% |
| Increase Decrease In Prepaid Taxes | 3,716 | — | — |
| Net Cash from Operations | 162,008 | 156,726 | +3.4% |
| Investing Activities | |||
| Other Payments To Acquire Businesses | -1,039 | — | — |
| Payments To Acquire Equipment And Other Acquisition Of Real Estate | -7,348 | -8,966 | +18.0% |
| Net Cash from Investing | -8,387 | -12,517 | +33.0% |
| Financing Activities | |||
| Payments Of Dividends | -41,796 | -37,434 | -11.7% |
| Tax Withholding for Share Compensation | -9,063 | -14,260 | +36.4% |
| Net Cash from Financing | -50,859 | -51,794 | +1.8% |
| Amortization of Financing Costs (Q) | — | — | — |
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| Credit Facility · Revolving Credit Facility | 0.3 | — | — |
| Supplemental | |||
| Income Taxes Paid | 3 | — | — |
| Interest Paid | 650 | — | — |
| Other Cash Flow | |||
| Net Change in Cash | 102,762 | 92,415 | +11.2% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 248,166 | 463,796 | -46.5% |
| Decrease Increase In Accounts Payable Related To Purchases Of Fixed Assets | -430 | 942 | -145.6% |
| Noncash Or Part Noncash Increase Decrease In Accrued Dividends On Unvested Stock Awards | -291 | -478 | +39.1% |
| Financing Receivable From Land Sale | 20,902 | — | — |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.