Texas Pacific Land CorporationTPLNYSE

Overview Intelligence Charts News Fundamentals Key Metrics Earnings Growth Financials Insiders

Revenue (LTM)

$798M

+13.1% YoY

Net Income (LTM)

$481M

+6.0% YoY

Free Cash Flow

$486M

Revenue CAGR (5Y)

+21.4%

—Marginsstable

FCF$0.5B

Profitable

Watch on earnings:Oil & gas royalty revenue and production volumes (barrels of oil equivalent)Water services revenue and per-barrel water pricingLand sale acres and average price per acreOperating margin expansion (target >75%)Free cash flow generation and capital allocation (buybacks vs acquisitions)

Key metrics:Permian Basin horizontal rig count (Baker Hughes weekly data) · WTI crude oil spot price and forward curve (impacts operator drilling economics) · TPL royalty production volumes (BOE/day) and per-BOE realization rates · Water services revenue per barrel and total water volumes sold

Income Statement

Metric	Dec 21	Dec 22	Dec 23	Dec 24	Dec 25
Revenue	451	667↑48.0%	632↓5.4%	706↑11.8%	798↑13.1%
Gross Profit	421	635↑50.6%	583↓8.1%	635↑8.8%	798↑25.8%
Operating Income	362	562↑55.2%	486↓13.6%	539↑10.9%	592↑9.8%
Net Income	270	446↑65.3%	406↓9.1%	454↑11.9%	481↑6.0%
EBITDA	379	578↑52.6%	501↓13.3%	564↑12.7%	655↑16.2%
EPS Diluted	3.87	6.42↑65.9%	5.86↓8.7%	6.57↑12.1%	6.97↑6.0%

Balance Sheet

⚠ Valuation risk at 38.6x P/S and 45.5x EV/EBITDA - vulnerable to multiple compression if growth slows or rates rise

Metric	Dec 21	Dec 22	Dec 23	Dec 24	Dec 25
Cash & Equivalents	428	511↑19.3%	725↑42.0%	370↓49.0%	145↓60.8%
Total Current Assets	527	633↑20.3%	862↑36.2%	503↓41.6%	319↓36.6%
Total Assets	764	877↑14.8%	1,156↑31.8%	1,248↑7.9%	1,623↑30.1%
Total Current Liabilities	68	57↓15.9%	63↑11.0%	60↓4.2%	73↑20.2%
Total Liabilities	112	105↓7.0%	113↑8.3%	116↑2.1%	164↑42.2%
Total Equity	652	773↑18.6%	1,043↑35.0%	1,132↑8.6%	1,459↑28.8%
Total Debt	1	2↑35.3%	1↓40.2%	0↓61.3%	32↑7041.3%
Net Debt	-427	-509↓19.2%	-724↓42.3%	-369↑49.0%	-112↑69.6%

Cash Flow Statement

Metric	Dec 21	Dec 22	Dec 23	Dec 24	Dec 25
Operating Cash Flow	265	447↑68.6%	418↓6.5%	491↑17.3%	546↑11.3%
Capital Expenditure	-16	-19↓23.6%	-15↑21.8%	-30↓97.6%	-60↓100.5%
Free Cash Flow	250	428↑71.4%	403↓5.8%	461↑14.3%	486↑5.5%
Stock-Based Comp	0	8↑30014.3%	10↑22.7%	12↑20.8%	15↑21.1%
Net Change in Cash	145	89↓38.8%	213↑139.9%	-359↓268.3%	-226↑37.1%

Values in millions except EPS · Ratios shown as percentages · Click any metric to drill down

Explore More

S&P 500 Screener

Filter and sort all 500 stocks

Market Movers

Today's biggest gainers and losers

Market Heatmap

Visual sector performance