Texas Pacific Land Corporation $TPL

Energy · Oil & Gas Exploration & Production · NYSE/NASDAQ

$342.17
-2.44 (-0.71%)
As of Oct 20, 2026, 6:42 PM EDT · cached
Price history
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Key facts

52-week range (closes)
$273.56 – $539.79 Lowest close Dec 16, 2025, highest Mar 9, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends
December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since
Nov 26, 2024, replacing Marathon Oil (MRO) · ConocoPhillips acquired Marathon Oil. · All S&P 500 changes

Texas Pacific Land Corporation (TPL) is trading down at $342.17 (-0.71%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Energy sector.

Texas Pacific Land Corporation revenue & net income history (FY2018–FY2025)

RevenueNet incomeNet margin (right axis, %)
$798.2M$399.1M$0FY2018 revenue: $300.2MFY2018 net income: $209.7M · Net margin 69.9%'18FY2019 revenue: $490.5MFY2019 net income: $318.7M · Net margin 65.0%'19FY2020 revenue: $302.6MFY2020 net income: $176.0M · Net margin 58.2%'20FY2021 revenue: $451.0MFY2021 net income: $270.0M · Net margin 59.9%'21FY2022 revenue: $667.4MFY2022 net income: $446.4M · Net margin 66.9%'22FY2023 revenue: $631.6MFY2023 net income: $405.6M · Net margin 64.2%'23FY2024 revenue: $705.8MFY2024 net income: $454.0M · Net margin 64.3%'24FY2025 revenue: $798.2MFY2025 net income: $481.4M · Net margin 60.3%'250%20%40%60%80%FY2018 net margin: 69.9%FY2019 net margin: 65.0%FY2020 net margin: 58.2%FY2021 net margin: 59.9%FY2022 net margin: 66.9%FY2023 net margin: 64.2%FY2024 net margin: 64.3%FY2025 net margin: 60.3%
Texas Pacific Land Corporation annual financial statements
FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$300.2M$490.5M$302.6M$451.0M$667.4M$631.6M$705.8M$798.2M
Growth (year over year)—+63.4%−38.3%+49.0%+48.0%−5.4%+11.8%+13.1%
Operating income$260.8M$399.6M$217.3M$362.4M$562.3M$486.1M$539.1M$592.2M
Operating margin86.9%81.5%71.8%80.4%84.3%77.0%76.4%74.2%
Net income$209.7M$318.7M$176.0M$270.0M$446.4M$405.6M$454.0M$481.4M
Net margin69.9%65.0%58.2%59.9%66.9%64.2%64.3%60.3%
EPS (diluted)$0.33$4.57$2.52$3.87$6.42$5.86$6.57$6.97
Balance sheet
Cash and equivalents$123.4M$303.6M$281.0M$428.2M$510.8M$725.2M$369.8M$144.8M
Total assets—$598.2M$571.6M$764.1M$877.4M$1.16B$1.25B$1.62B
Total liabilities—$86.0M$86.5M$112.4M$104.5M$113.2M$115.6M$164.4M
Shareholders' equity$244.7M$512.1M$485.2M$651.7M$772.9M$1.04B$1.13B$1.46B
Cash flow
Operating cash flow$195.4M$342.8M$207.0M$265.2M$447.1M$418.3M$490.7M$545.9M
Capital expenditure$47.9M$32.2M$5.09M$16.4M$19.0M———
Free cash flow$147.6M$310.6M$202.0M$248.7M$428.2M———
Dividends paid$31.7M$46.5M$201.7M$85.3M$247.3M$100.0M$347.3M$147.8M
Share buybacks$38.4M$4.35M$0$19.7M$87.8M$42.6M$29.2M$8.38M

From Texas Pacific Land Corporation's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Texas Pacific Land Corporation vs the Energy sector and the S&P 500

Texas Pacific Land Corporation's latest reported figures next to the median of the other 20 S&P 500 Energy companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Texas Pacific Land Corporation compared with the median Energy company and the median S&P 500 company
MeasureTexas Pacific Land CorporationEnergy (20 other S&P 500 companies)S&P 500 (502 other companies)
Revenue growth, latest fiscal year+13.1%−0.3%+7.0%
Net margin, latest fiscal year60.3%10.1%12.9%
Dividend per share, latest fiscal year$2.13$3.75$2.40
Share price change, 1 year+9.9%+49.0%+7.5%

Texas Pacific Land Corporation: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Texas Pacific Land Corporation included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 19/496, net margin 19/496, dividend per share 15/349, 1-year price change 20/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 15 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Texas Pacific Land Corporation

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.

Source: Wikipedia — Texas Pacific Land Corporation

Headquarters
Dallas, Texas From SEC filings, Oct 2026

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