Saturday 17 October 2026 Export TPL’s income statement to Excel — free account

Texas Pacific Land Corporation

Texas Pacific Land Corporation’s revenue for fiscal 2025 (year ended December 2025) was $798.2 million, up 13.1% from fiscal 2024. In the quarter to June 2026, revenue grew 31.2%, EPS grew 32.5% and free cash flow fell 63.9%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.

350.74 4.22 +1.22%

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Market cap: $23.9B
P/E: 44.7×
Fwd P/E: 42.5×
Dividend yield: 0.67%
F-score: 5/9
Altman Z: 75.56
Beneish M: −2.25
Dividend safety: 77/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.11

Total sells 2.87

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	18	22	20	19	21	21	17	22	22	21	21	—
Sell	—	—	—	2	—	—	—	1	—	—	—	—

Insider Ownership 0.41%

Capital & Financial Ratios $m

Market Cap 23,900.00

Revenue 897.54

Net Income 541.42

Free Cash Flow 385.09

Net Debt (248.61)

Current Ratio 10.86

Debt/Equity 0.00

P/E ratio 44.70

Fwd P/E 42.50

P/S ratio 26.95

P/B ratio 14.47

Past 5Y EPS Growth 22.54%

This Y EPS Growth 32.60%

Next Y EPS Growth 10.41%

Next Y revenue growth 29.29%

Next 5Y EPS Growth 12.15%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 63.03%

10-year low 10-year high

P/S against its own 10 years 61.70%

10-year low 10-year high

P/B against its own 10 years 25.29%

10-year low 10-year high

EV/Sales against its own 10 years 64.03%

10-year low 10-year high

EV/FCF against its own 10 years 85.81%

10-year low 10-year high

Dividends

Payout Ratio 0.30

Annual Dividend Rate 2.33

Annual Dividend Yield 0.67%

	total	individual payouts
2027	Powerpack
2026	2.40	0.60 0.60 0.60
2025	2.13	0.53 0.53 0.53 0.53
2024	1.70	0.39 0.39 3.33 0.39 0.53
2023	1.44	0.36 0.36 0.36 0.36
2022	1.33	0.33 0.33 0.33 0.33
2021	1.22	0.31 0.31 0.31 0.31
2020	5.33	5.33 3.33
2019	0.00	6.00
2018	0.00	4.05
2016	0.10	0.10

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	725	370	145	249
Receivables	129	127	165	195
Inventory	—	—	—	—
Other	—	—	—	—
	854	497	310	444

	2023	2024	2025	Q'26
Payables	23	27	40	41
ST’ Debt	—	—	—	—
Other	—	—	—	—
	23	27	40	41

Compound Annual Growth %

	10y	5y	3y
Sales	25.96%	21.41%	6.15%
Cash Flow	27.11%	21.40%	6.88%
Earnings	25.41%	22.28%	2.55%
Book Value	41.39%	24.63%	23.59%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	237	246	—	—	—
’25	196	188	203	212	798
’24	174	172	174	186	706
’23	146	161	158	167	632
’22	147	176	191	153	667
’21	84	96	124	147	451
’20	97	57	74	74	303

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	162	173	—	—	—
’25	157	121	155	114	546
’24	147	98	119	127	491
’23	115	84	108	111	418
’22	108	88	119	133	447
’21	52	44	78	91	265
’20	69	35	58	45	207

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	155	41	—	—	—
’25	148	113	105	85	450
’24	145	91	111	113	460
’23	113	60	81	107	362
’22	104	85	113	126	427
’21	51	41	73	86	250
’20	61	35	57	45	198

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.07	2.23	—	—	—
’25	1.75	1.68	1.76	1.79	6.97
’24	1.66	1.66	1.54	1.71	6.57
’23	1.25	1.45	1.53	1.64	5.86
’22	1.40	1.71	1.87	1.44	6.42
’21	0.72	0.82	1.20	1.13	3.87
’20	0.82	0.40	0.66	0.64	2.52

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	11.56	28.78	45.44	58.32	32.78	78.94	105.14	140.69	155.87	269.23	Analyst estimates 2026–2028 Powerpack
	High	34.20	50.89	97.55	101.74	93.17	197.11	304.33	256.35	589.71	487.59
People
People	Employees	10	32	71	94	102	92	99	100	111	114
	Revenue/emp, $m	6.61	4.83	4.23	5.22	2.97	4.90	6.74	6.32	6.36	7.00
Income, $m
Income, $m	Revenue	66	155	300	490	303	451	667	632	706	798
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	63	145	262	402	220	363	569	518	579	610
	EBT margin, %	95.14	93.81	87.19	82.01	72.60	80.50	85.23	81.95	82.01	76.46
	Net income	42	97	210	319	176	270	446	406	454	481
	Depreciation	0	0	3	9	14	16	15	15	25	63
Per share, $
Per share, $	Revenue	0.92	2.19	4.28	7.03	4.33	6.46	9.60	9.14	10.24	11.58
	Earnings	0.52	1.08	2.99	4.60	2.52	3.87	6.42	5.87	6.58	6.98
	Cash flow	0.57	1.33	2.79	4.91	2.97	3.80	6.43	6.05	7.12	7.92
	Capex	(0.01)	(0.26)	(0.82)	(1.53)	(0.13)	(0.21)	(0.28)	(0.82)	(0.45)	(1.38)
	Free cash flow	0.56	1.06	1.97	3.38	2.84	3.59	6.15	5.23	6.66	6.53
	Book value	0.66	1.49	3.49	7.34	6.95	9.34	11.12	15.09	16.42	21.16
	Shares, m	72	71	70	70	70	70	69	69	69	69
Valuation, ×
Valuation, ×	P/E	56.57	43.78	20.13	18.88	32.03	35.85	36.38	30.39	56.00	41.15
	P/S	36.21	23.40	14.05	12.35	18.64	21.47	24.33	19.52	36.02	24.81
	P/B	50.26	34.43	17.24	11.83	11.62	14.85	21.01	11.82	22.45	13.57
	EV/Sales	35.46	22.88	13.65	11.73	17.71	20.52	23.56	18.37	35.49	24.63
	EV/FCF	58.61	47.11	29.65	24.38	27.06	36.99	36.79	30.29	54.52	43.64
Cash, $m
Cash, $m	Operating cash flow	41	94	195	343	207	265	447	418	491	546
	Capex	(1)	(19)	(57)	(107)	(9)	(15)	(20)	(57)	(31)	(95)
	Free cash flow	40	75	138	236	198	250	427	362	460	450
Balance, $m
Balance, $m	Working capital	55	92	158	347	314	505	591	831	469	270
	Total debt	—	—	—	3	2	1	2	—	—	—
	Net debt	(49)	(80)	(120)	(304)	(281)	(428)	(511)	(725)	(370)	(145)
	Shareholders’ equity	48	105	245	512	485	652	773	1,043	1,132	1,459
Returns, %
Returns, %	ROA	74.90	106.56	103.55	72.17	30.10	40.43	54.38	39.89	37.76	33.53
	ROIC	0.00	355.01	130.37	119.78	66.52	101.35	134.11	95.52	44.18	28.16
	ROE	90.61	127.33	119.92	84.23	35.30	47.49	62.66	44.67	41.73	37.15

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FANG Diamondback Energy, Inc.	$54.8B	39.7×	11.5×	+51.22% (above 0%: growing)	+179.41% (above 0%: growing)	+219.18% (above 0%: growing)	88.04%	45.16%	Compare
DVN Devon Energy Corporation	$54.2B	12.0×	8.8×	+73.13% (above 0%: growing)	+43.66% (above 0%: growing)	−130.16% (below 0%: shrinking)	81.22%	32.14%	Compare
WDS Woodside Energy Group Ltd	$44.1B	3.6×	11.1×	+196.99% (above 0%: growing)	+178.60% (above 0%: growing)	−173.74% (below 0%: shrinking)	42.87%	0.00%	Compare
EQT EQT Corporation	$32.8B	12.5×	10.8×	−29.24% (below 0%: shrinking)	−74.05% (below 0%: shrinking)	−42.53% (below 0%: shrinking)	73.19%	21.77%	Compare
TPL Texas Pacific Land Corporation	$23.9B	44.7×	42.5×	+31.20% (above 0%: growing)	+32.48% (above 0%: growing)	−63.88% (below 0%: shrinking)	100.00%	77.96%
EXE Expand Energy Corporation	$21.0B	8.0×	9.0×	−19.78% (below 0%: shrinking)	−46.19% (below 0%: shrinking)	−49.71% (below 0%: shrinking)	72.91%	22.33%	Compare
PR Permian Resources Corporation	$19.8B	15.9×	11.5×	+55.15% (above 0%: growing)	+216.67% (above 0%: growing)	+872.22% (above 0%: growing)	80.07%	49.95%	Compare
APA APA Corporation	$16.6B	10.4×	5.8×	−8.15% (below 0%: shrinking)	+26.95% (above 0%: growing)	+4.61% (above 0%: growing)	101.46%	53.23%	Compare
AR Antero Resources Corporation	$11.2B	11.0×	7.2×	+20.22% (above 0%: growing)	+80.00% (above 0%: growing)	−289.65% (below 0%: shrinking)	41.92%	24.07%	Compare
Median of peers	$26.9B	11.5×	9.9×	+35.72%	+61.83%	−46.12%	76.63%	28.11%

All 73 Oil & Gas E&P stocks →

Texas Pacific Land Corporation (TPL) key facts

Strength: Texas Pacific Land Corporation’s revenue for fiscal 2025 (year ended December 2025) was $798.2 million, up 13.1% from fiscal 2024.
Texas Pacific Land Corporation (TPL) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, TPL traded at $350.74, a market capitalization of $23.9 billion.
Texas Pacific Land Corporation pays an annual dividend of $2.33 per share, a yield of 0.67%, with a payout ratio of 29.7%.
Return on equity was 37.2% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 75.56 (safe zone) for fiscal 2025.