Company research
Texas Pacific Land Corp
CIK 1811074Updated Nov 2, 2026
SecurityTPL · NYSE · equity
TPL price & chart
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NYSE:TPL on TradingView ↗About the company
Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 882,000 acres of land, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership provides revenue opportunities throughout the life cycle of a well. These revenue opportunities include fixed fee payments for use of the Company’s land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and/or treated produced water, revenue from the Company’s oil and gas royalty interests, and revenue related to saltwater disposal on the Company’s land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases and temporary permits principally related to a variety of land uses including, but not limited to, midstream infrastructure projects and hydrocarbon processing facilities.
In the news
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SEC disclosures
Texas Pacific Land Corp files 8-K: Material Event ↗
Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 1,524,914,000Source | 1,175,569,000Source | 1,859,474,000Source | 1,404,664,000Source | 1,315,791,000Source | 1,751,453,000Source | 1,353,292,000Source | 1,259,170,000Source | 1,623,278,000Source | 1,248,020,000Source | 1,156,398,000Source | 877,427,000Source |
| Property, Plant and Equipment, NetUSD | 137,527,000Source | 119,108,000Source | 182,877,000Source | 127,949,000Source | 95,511,000Source | 166,751,000Source | 128,468,000Source | 92,200,000Source | 164,538,000Source | 122,578,000Source | 89,587,000Source | 85,478,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 33,431,000Source | 35,773,000Source | 31,675,000Source | 34,017,000Source | 20,457,000Source | 32,260,000Source | 34,602,000Source | 20,741,000Source | 32,846,000Source | 35,188,000Source | 21,025,000Source | — |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 531,808,000Source | 533,914,000Source | 248,612,000Source | 543,930,000Source | 894,704,000Source | 247,571,000Source | 460,379,000Source | 837,100,000Source | 144,809,000Source | 369,835,000Source | 725,169,000Source | 510,834,000Source |
| Assets, CurrentUSD | 737,172,000Source | 708,969,000Source | 428,444,000Source | 667,500,000Source | 1,017,684,000Source | 435,085,000Source | 606,920,000Source | 963,828,000Source | 319,320,000Source | 503,369,000Source | 862,464,000Source | 633,401,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 77,578,000Source | 48,426,000Source | 5,062,000Source | 9,256,000Source | 3,878,000Source | 5,866,000Source | 4,873,000Source | 4,921,000Source | 5,295,000Source | 5,318,000Source | 2,944,000Source | 7,427,000Source |
| Operating Lease, Right-of-Use AssetUSD | 14,042,000Source | — | 13,130,000Source | — | — | 13,404,000Source | — | — | 13,683,000Source | 1,163,000Source | 1,861,000Source | 2,525,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 156,950,000Source | 123,437,000Source | 187,076,000Source | 115,720,000Source | 109,370,000Source | 195,507,000Source | 147,035,000Source | 136,721,000Source | 164,371,000Source | 115,555,000Source | 113,202,000Source | 104,540,000Source |
| Commitments and ContingenciesUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 231,000Source | 231,000Source | 691,000Source | 231,000Source | 231,000Source | 691,000Source | 231,000Source | 231,000Source | 691,000Source | 231,000Source | 78,000Source | 78,000Source |
| Additional Paid in CapitalUSD | 6,610,000Source | 16,391,000Source | 7,011,000Source | 5,433,000Source | 15,863,000Source | 2,909,000Source | 2,122,000Source | 13,163,000Source | 9,906,000Source | 19,900,000Source | 14,613,000Source | 8,293,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,508,900,000Source | 1,196,158,000Source | 1,793,936,000Source | 1,424,502,000Source | 1,346,834,000Source | 1,681,463,000Source | 1,345,210,000Source | 1,259,197,000Source | 1,595,402,000Source | 1,277,594,000Source | 1,171,672,000Source | 866,139,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 3,465,000Source | 1,768,000Source | 3,433,000Source | 3,505,000Source | 1,789,000Source | 3,791,000Source | 3,544,000Source | 1,810,000Source | 4,150,000Source | 3,583,000Source | 1,831,000Source | 2,516,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,367,964,000Source | 1,052,132,000Source | 1,672,398,000Source | 1,288,944,000Source | 1,206,421,000Source | 1,555,946,000Source | 1,206,257,000Source | 1,122,449,000Source | 1,458,907,000Source | 1,132,465,000Source | 1,043,196,000Source | 772,887,000Source |
| Liabilities and EquityUSD | 1,524,914,000Source | 1,175,569,000Source | 1,859,474,000Source | 1,404,664,000Source | 1,315,791,000Source | 1,751,453,000Source | 1,353,292,000Source | 1,259,170,000Source | 1,623,278,000Source | 1,248,020,000Source | 1,156,398,000Source | 877,427,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 67,900,000Source | 57,331,000Source | 94,125,000Source | 45,126,000Source | 44,268,000Source | 102,925,000Source | 77,858,000Source | 70,871,000Source | 72,604,000Source | 46,561,000Source | 44,387,000Source | 39,595,000Source |
| Operating Lease, Liability, NoncurrentUSD | 16,509,000Source | — | 15,513,000Source | — | — | 15,844,000Source | — | — | 16,175,000Source | 453,000Source | 1,170,000Source | 1,955,000Source |
| Deferred Income Tax Liabilities, NetUSD | 52,505,000Source | 44,528,000Source | 59,298,000Source | 48,730,000Source | 43,121,000Source | 57,691,000Source | 48,189,000Source | 42,034,000Source | 54,107,000Source | 47,401,000Source | 42,365,000Source | 41,151,000Source |
| Additional Financial Items | ||||||||||||
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after TaxUSD | — | — | — | — | — | — | — | — | -4,021,000Source | -3,453,000Source | -1,831,000Source | -2,516,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 54,107,000Source | 47,401,000Source | 42,365,000Source | 41,151,000Source |
| Dividends Payable, Current | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 14,963,000Source | 5,762,000Source | 16,639,000Source | 13,699,000Source | 14,043,000Source | 11,941,000Source | 62,533,000Source | 25,162,000Source | 14,757,000Source | 15,376,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 5,063,000Source | 4,397,000Source | 15,131,000Source | 12,498,000Source | 10,343,000Source | 8,432,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 6,555,000Source | 4,604,000Source | 1,399,000Source | 1,263,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 162,008,000Source | 156,726,000Source | 545,910,000Source | 490,672,000Source | 418,288,000Source | 447,149,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -8,387,000Source | -12,517,000Source | -595,848,000Source | -471,749,000Source | -60,312,000Source | -21,401,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | — | — | — | — | — | 18,967,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 9,063,000Source | 14,260,000Source | 14,795,000Source | 1,623,000Source | 2,064,000Source | 1,762,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 0Source | 100,000Source | 8,380,000Source | 29,159,000Source | 42,573,000Source | 87,765,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -50,859,000Source | -51,794,000Source | -176,039,000Source | -378,091,000Source | -144,609,000Source | -336,808,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 102,762,000Source | 92,415,000Source | -225,977,000Source | -359,168,000Source | 213,367,000Source | 88,940,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 531,808,000Source | 533,914,000Source | 248,612,000Source | 543,930,000Source | 248,166,000Source | 463,796,000Source | 145,404,000Source | 371,381,000Source | 730,549,000Source | 517,182,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 3,000Source | 0Source | 126,955,000Source | 120,669,000Source | 104,079,000Source | 151,956,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 3,493,000Source | 2,935,000Source | 4,388,000Source | 3,485,000Source | 5,063,000Source | 4,397,000Source | 15,131,000Source | 12,498,000Source | 10,343,000Source | 8,432,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | — | — | 211,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | — | — | 600,000Source | 400,000Source | 600,000Source | 600,000Source | 600,000Source | 600,000Source | 2,300,000Source | 1,500,000Source | 400,000Source | — |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | — | — | — | — | — | — | 0Source | 752,000Source | — | — |
| DepreciationUSD | — | — | 4,200,000Source | 3,400,000Source | 4,800,000Source | 4,300,000Source | 4,700,000Source | 4,000,000Source | 17,100,000Source | 13,600,000Source | 12,200,000Source | 14,200,000Source |
| Depreciation, Amortization and Accretion, NetUSD | — | — | — | 5,762,000Source | — | — | — | 11,941,000Source | — | 25,162,000Source | 14,757,000Source | 15,376,000Source |
| General and Administrative ExpenseUSD | — | — | 5,591,000Source | 12,520,000Source | 8,004,000Source | 5,693,000Source | 8,631,000Source | 6,072,000Source | 23,780,000Source | 34,483,000Source | 14,928,000Source | 13,350,000Source |
| Income Tax Expense (Benefit)USD | — | — | 33,941,000Source | 28,823,000Source | 39,768,000Source | 32,851,000Source | 40,662,000Source | 33,742,000Source | 128,953,000Source | 124,861,000Source | 111,916,000Source | 122,493,000Source |
| InterestExpenseNonoperatingUSD | — | — | — | — | 973,000Source | 0Source | 992,000Source | 0Source | 690,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 121,238,000Source | 106,594,000Source | 153,930,000Source | 116,140,000Source | 142,902,000Source | 120,652,000Source | 481,376,000Source | 453,960,000Source | 405,645,000Source | 446,362,000Source |
| Nonoperating Income (Expense)USD | — | — | 6,088,000Source | 8,086,000Source | 2,854,000Source | 5,240,000Source | 2,228,000Source | 4,321,000Source | 18,858,000Source | 39,683,000Source | 31,508,000Source | 6,548,000Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | 1,300,000Source | 800,000Source | 800,000Source | 800,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -10,000Source | 30,000Source | 27,000Source | 0Source | — | — | 15,000Source | 2,352,000Source | 2,364,000Source | — |
| Real Estate Tax ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 8,734,000Source |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
| Dividends Payable, Current | — | — | — | — | — | — | — | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 203,085,000Source | 173,563,000Source | 246,059,000Source | 187,543,000Source | 236,818,000Source | 195,983,000Source | 798,190,000Source | 705,823,000Source | 631,595,000Source | 667,422,000Source |
| Operating Income (Loss)USD | — | — | 149,091,000Source | 127,331,000Source | 191,817,000Source | 143,751,000Source | 182,328,000Source | 150,073,000Source | 592,161,000Source | 539,138,000Source | 486,053,000Source | 562,307,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -10,000Source | 30,000Source | 27,000Source | 0Source | — | — | 15,000Source | 2,352,000Source | 2,364,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 155,179,000Source | 135,417,000Source | 193,698,000Source | 148,991,000Source | 183,564,000Source | 154,394,000Source | 610,329,000Source | 578,821,000Source | 517,561,000Source | 568,855,000Source |
| Income Tax Expense (Benefit)USD | — | — | 33,941,000Source | 28,823,000Source | 39,768,000Source | 32,851,000Source | 40,662,000Source | 33,742,000Source | 128,953,000Source | 124,861,000Source | 111,916,000Source | 122,493,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 121,238,000Source | 106,594,000Source | 153,930,000Source | 116,140,000Source | 142,902,000Source | 120,652,000Source | 481,376,000Source | 453,960,000Source | 405,645,000Source | 446,362,000Source |
| Earnings Per Share, BasicUSD per share | — | — | — | — | 2.23Source | 1.68Source | 2.07Source | 1.75Source | 6.98Source | 19.75Source | 52.81Source | 57.8Source |
| Earnings Per Share, DilutedUSD per share | — | — | — | — | 2.23Source | 1.68Source | 2.07Source | 1.75Source | 6.97Source | 19.72Source | 52.77Source | 57.77Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | — | — | 68,974,580Source | 68,961,978Source | 68,959,013Source | 68,942,085Source | 68,949,240Source | 22,986,197Source | 7,681,435Source | 7,721,957Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | — | — | 69,034,580Source | 69,040,740Source | 69,009,942Source | 69,017,541Source | 69,027,492Source | 23,019,751Source | 7,686,615Source | 7,726,809Source |
| Interest Expense (non-operating)USD | — | — | — | — | 973,000Source | 0Source | 992,000Source | 0Source | 690,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 600,000Source | 400,000Source | 600,000Source | 600,000Source | 600,000Source | 600,000Source | 2,300,000Source | 1,500,000Source | 400,000Source | — |
| Costs and ExpensesUSD | — | — | 53,994,000Source | 46,232,000Source | 54,242,000Source | 43,792,000Source | 54,490,000Source | 45,910,000Source | 206,029,000Source | 166,685,000Source | 145,542,000Source | 105,115,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 122,398,000Source | 120,257,000Source | 110,517,000Source | 121,230,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | — | — | — | — | — | — | 0Source | 752,000Source | — | — |
| General and Administrative ExpenseUSD | — | — | 5,591,000Source | 12,520,000Source | 8,004,000Source | 5,693,000Source | 8,631,000Source | 6,072,000Source | 23,780,000Source | 34,483,000Source | 14,928,000Source | 13,350,000Source |
| Labor and Related ExpenseUSD | — | — | 14,387,000Source | 14,030,000Source | 15,562,000Source | 14,072,000Source | 14,987,000Source | 14,572,000Source | 57,925,000Source | 53,621,000Source | 43,384,000Source | 41,402,000Source |
| Nonoperating Income (Expense)USD | — | — | 6,088,000Source | 8,086,000Source | 2,854,000Source | 5,240,000Source | 2,228,000Source | 4,321,000Source | 18,858,000Source | 39,683,000Source | 31,508,000Source | 6,548,000Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | 1,300,000Source | 800,000Source | 800,000Source | 800,000Source |
| Real Estate Tax ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 8,734,000Source |
| Taxes, MiscellaneousUSD | — | — | 2,625,000Source | 2,189,000Source | 2,467,000Source | 1,877,000Source | 2,542,000Source | 2,199,000Source | 8,263,000Source | 7,295,000Source | 7,385,000Source | — |
| Water Production CostsUSD | — | — | 16,428,000Source | 11,731,000Source | 11,570,000Source | 8,451,000Source | 14,287,000Source | 11,126,000Source | 53,528,000Source | 46,124,000Source | 33,566,000Source | 17,463,000Source |
| Common Stock, Dividends, Per Share, Declared | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
Filing attachments
tm2611501d1_ex99-1.htm · 8-K · 2026-04-09
EX-99.1 2 tm2611501d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TPL Announces the Passing of Murray Stahl Murray Stahl DALLAS, TX (April 9, 2026) - Texas Pacific Land Corporation (NYSE: TPL) (“TPL” or the “Company”) and the Company’s Board of Directors (“Board”) announced today that Murray Stahl, a member of TPL’s Board, has passed away. Mr. Stahl was the Chief Executive Officer, Chairman of the Board and Chief Investment Strategist of Horizon Kinetics Holding Corporation, which, through vario…
Read attachment ↗tm2533707d1_ex99-1.htm · 8-K · 2025-12-17
EX-99.1 2 tm2533707d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 BOLT AND TPL ANNOUNCE STRATEGIC AGREEMENT TO PURSUE DATA CENTER DEVELOPMENT IN WEST TEXAS DALLAS, TX (December 17, 2025) - Texas Pacific Land Corporation (NYSE: TPL) (“TPL” or the “Company”) today announced a strategic agreement with Bolt Data & Energy, Inc. (“Bolt”) to develop and enable large-scale data center campuses and supporting infrastructure across TPL land. Bolt is a data and energy infrastructure company co-founded by E…
Read attachment ↗tm2532596d1_ex99-1.htm · 8-K · 2025-12-02
EX-99.1 3 tm2532596d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TEXAS PACIFIC LAND CORPORATION ANNOUNCES EFFECTIVE DATE OF PREVIOUSLY ANNOUNCED THREE-FOR-ONE STOCK SPLIT DALLAS, TX (December 2, 2025) - Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) today announced that its Board of Directors has finalized the effective date of the previously announced three-for-one stock split. The record date for the three-for-one stock split is December 12, 2025, and the stock split will be effec…
Read attachment ↗tm2529481d1_ex99-1.htm · 8-K · 2025-10-27
EX-99.1 3 tm2529481d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TEXAS PACIFIC LAND CORPORATION COMPLETES INAUGURAL $500 MILLION CREDIT FACILITY DALLAS, TX (October 27, 2025) - Texas Pacific Land Corporation (NYSE: TPL)(“TPL” or the “Company”) today announced the completion of a new $500 million revolving credit facility (the “Credit Facility”). The Credit Facility was substantially oversubscribed with strong support from twelve financial institutions. The Credit Facility bears interest at a p…
Read attachment ↗tm2523402d2_ex99-1.htm · 8-K · 2025-08-14
EX-99.1 2 tm2523402d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TEXAS PACIFIC LAND CORPORATION ANNOUNCES DUAL LISTING ON NYSE TEXAS DALLAS, TX (August 14, 2025) - Texas Pacific Land Corporation (NYSE: TPL)(“TPL” or the “Company”) announced today the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. TPL will maintain its primary listing on the New York Stock Exchange (the “NYSE”) and will commence trading on NYS…
Read attachment ↗