FirmAtlas
Company handbook · TPL · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
TPL · CIK 1811074 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
Texas Pacific Land Corporation
$350.92
+4.40 (+1.27%)
Close, Oct 16, 2026 · 52-week $269–547
Last fiscal year
Texas Pacific Land Corporation reported revenue of $798M for the year ended Dec 31, 2025 (FY25), up 13.1% from FY24. Net income was $481M and operating cash flow $546M. Source: 10-K filed Feb 18, 2026.
Market cap
$24.2B
P/E
44.7
EV/EBITDA
36.7x
P/B
14.5
Div yield
0.66%
ROIC
45.0%
Revenue 1Y
13.1%/yr
EPS 1Y
6.1%/yr
Shares 1Y
+0.0%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOTyler Glover
HQDallas, TX
AuditorDeloitte & Touche LLP
Year endsDecember
Revenue by segment · FY25
Land And Resource Management61%
Water Serviceand Operations39%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
27.7%
20.9%
18.3%
12.2%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$578M deployed
Acquisitions
$45M
7.8%
Dividends
$495M
85.7%
Buybacks
$38M
6.5%
Operating cash flow over the period: $1.0B. Total debt changed by $0M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (3-for-1 split after FY23).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
706
798+13.1%
898
YoY
+13.1%
Operating income
539
592+9.8%
672
Operating margin
76.4%
74.2%−2.2 pp
—
EBITDA
564
655+16.0%
—
EBITDA margin
79.9%
82.0%+2.1 pp
—
Interest expense
0
0.7n/m
—
Interest coverage
—
948.83x
—
Net income
454
481+6.0%
541
YoY
+6.0%
Net margin
64.3%
60.3%−4.0 pp
—
EPS (diluted, $)
6.57
6.97+6.1%
—
YoY
+6.1%
Balance sheet
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
491
546+11.3%
603
Net income
454
481+6.0%
—
Depreciation & amortization
25
63+148.5%
—
Stock-based compensation
12
15+21.1%
—
Working capital & other
(0.9)
(13)n/m
—
Cash from investing
(472)
(596)n/m
—
PP&E sold
0
0n/m
—
Acquisitions
(45)
0n/m
—
Other investing
(427)
(596)n/m
—
Cash from financing
(378)
(176)n/m
—
Dividends
(347)
(148)n/m
—
Buybacks
(29)
(8)n/m
—
Other financing
(2)
(20)n/m
—
Net change in cash
(359)
(226)n/m
—
Where the cash went
Returns & ratios
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
203
212
237
246
vs year-ago quarter
Operating income
149
149
182
192
Net income
121
123
143
154
vs year-ago quarter
Net margin
59.7%
58.3%
60.3%
62.6%
EPS (diluted, $)
5.27
1.79
2.07
2.23
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
1,525
1,623
1,751
1,859
Cash & equivalents
532
145
248
249
Shareholders’ equity
1,368
1,459
1,556
1,672
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
155
114
162
173