Texas Pacific Land Corporation

TPL Energy Oil & Gas E&P

Texas Pacific Land Corporation’s revenue for fiscal 2025 (year ended December 2025) was $798.2 million, up 13.1% from fiscal 2024.

Revenue
+34.6%
EPS
+38.3%
Free cash flow
+84.0%

Quarter to September 2026, against a year earlier

275.50 12.15 −4.22%
Market cap
$18.8B
P/E
32.3×
Fwd P/E
35.9×
Dividend yield
0.85%
F-score
5/9
Altman Z
75.56
Beneish M
−2.25
Dividend safety
77/100

Texas Pacific Land Corporation (TPL) Operating margin

Alert me on Operating margin

Texas Pacific Land Corporation's operating margin over the twelve months to 30 September 2026 was 75.6%, up 1.4 percentage points from fiscal 2025 (74.2%). Over the past ten years it has ranged from 71.8% (fiscal 2020) to 95.2% (fiscal 2016); the current reading is higher than 18% of that period. That is above the Oil & Gas E&P industry median of 24.0% and above the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 74.2% (2.19)
FY2024 76.4% (0.58)
FY2023 77.0% (7.29)
FY2022 84.3% 3.89
FY2021 80.4% 8.55
FY2020 71.8% (9.65)
FY2019 81.5% (5.42)
FY2018 86.9% (6.86)
FY2017 93.7% (1.42)
FY2016 95.2% 0.40

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 76.0% (1.96)
Jun 2026 78.0% 0.97
Mar 2026 77.0% 6.45
Dec 2025 70.5% (2.87)
43 more quarters

Against its own ten years

Low 71.8% High 95.2%
Ten-year median 81.5%
Current reading's percentile 23

Operating margin against peers

Company Operating margin
TPL Texas Pacific Land Corporation 75.6%
EQT EQT Corporation compare 41.8%
APA APA Corporation compare 40.4%
PR Permian Resources Corporation compare 40.1%
RRC Range Resources Corporation compare 35.5%
AR Antero Resources Corporation compare 27.6%
EXE Expand Energy Corporation compare 25.7%
DVN Devon Energy Corporation compare 21.4%
WDS Woodside Energy Group Ltd compare 0.00%
Oil & Gas E&P industry median 24.0%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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