Texas Pacific Land CorporationTPLEarnings & Financial Report
The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km2) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas. It was previously organized as a publicly traded trust taxed as a corporation, and operated under the name Texas Pacific Land Trust.
TPL Q4 2025 Key Financial Metrics
Revenue
$211.6M
Gross Profit
N/A
Operating Profit
$149.2M
Net Profit
$123.3M
Gross Margin
N/A
Operating Margin
70.5%
Net Margin
58.3%
YoY Growth
13.9%
EPS
$-8.59
Financial Flow
Texas Pacific Land Corporation Q4 2025 Financial Summary
Texas Pacific Land Corporation reported revenue of $211.6M for Q4 2025, with a net profit of $123.3M (58.3% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $211.6M |
|---|---|
| Net Profit | $123.3M |
| Gross Margin | N/A |
| Operating Margin | 70.5% |
| Report Period | Q4 2025 |
Texas Pacific Land Corporation Annual Revenue by Year
Texas Pacific Land Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $798.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $798.2M |
| 2024 | $705.8M |
| 2023 | $631.6M |
| 2022 | $667.4M |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $174.1M | $172.3M | $173.6M | $185.8M | $196.0M | $187.5M | $203.1M | $211.6M |
| YoY Growth | 19.0% | 7.3% | 9.9% | 11.5% | 12.5% | 8.8% | 17.0% | 13.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.26B | $1.32B | $1.18B | $1.25B | $1.35B | $1.40B | $1.52B | $1.62B |
| Liabilities | $136.7M | $109.4M | $123.4M | $115.6M | $147.0M | $115.7M | $156.9M | $164.4M |
| Equity | $1.12B | $1.21B | $1.05B | $1.13B | $1.21B | $1.29B | $1.37B | $1.46B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $147.2M | $98.3M | $118.6M | $126.6M | $156.7M | $120.9M | $154.6M | $113.7M |
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