Texas Pacific Land

TPL Energy Market cap $25.2B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026

Revenue$0.25B +31% year over year

Gross profit$0.22B 88% margin

Operating profit$0.19B 78% margin

Net profit$0.15B 63% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.25	100%	+31%
Oil & gas royalties	0.15	59%	+53%
Water sales	0.04	16%
Produced water royalties	0.04	15%	+21%
Easement & sundry	0.02	10%	−35%
Cost of revenue	−0.03	12%
Gross profit	0.22	88% margin	+1pp
G&A	−0.01	3%	+0pp
Other	−0.02	7%	+0pp
Operating profit	0.19	78% margin	+1pp
Tax	−0.04
Net profit	0.15	63% margin	+1pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.24	100%	+21%
Oil & gas royalties	0.12	50%	+6%
Sales & royalties	0.05	20%	+21%
Produced water royalties	0.03	14%	+21%
Land sale	0.02	9%
Easement & sundry	0.02	7%	−5%
Cost of revenue	−0.03	14%
Gross profit	0.21	87% margin	+1pp
G&A	−0.01	4%	+1pp
Other	−0.01	6%	+0pp
Operating profit	0.18	77% margin	+0pp
Tax	−0.04
Net profit	0.14	60% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.21	100%	+14%
Oil & gas royalties	0.10	45%	+0%
Sales & royalties	0.06	29%	+65%
Produced water royalties	0.03	16%	+19%
Easement & sundry	0.02	10%	−5%
Cost of revenue	−0.03	16%
Gross profit	0.18	84% margin	−3pp
G&A	−0.01	3%	−1pp
Other	−0.02	10%	+0pp
Operating profit	0.15	71% margin	−6pp
Other income, net	<0.01
Tax	−0.03
Net profit	0.12	58% margin	−5pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.20	100%	+17%
Oil & gas royalties	0.11	54%	+15%
Sales & royalties	0.05	22%	+23%
Produced water royalties	0.03	16%	+16%
Easement & sundry	0.02	8%	+17%
Land sales	<0.01	0%	−9%
Cost of revenue	−0.03	16%
Gross profit	0.17	84% margin	+0pp
G&A	−0.01	3%	−4pp
Other	−0.02	7%	+0pp
Operating profit	0.15	73% margin	+0pp
Other income, net	0.01
Tax	−0.03
Net profit	0.12	60% margin	−2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.19	100%	+9%
Oil & gas royalties	0.10	51%	+6%
Easement & sundry	0.04	19%	+119%
Produced water royalties	0.03	16%	+21%
Sales & royalties	0.03	14%	−37%
Cost of revenue	−0.02	13%
Gross profit	0.16	87% margin	+4pp
G&A	−0.01	3%	+0pp
Other	−0.01	7%	+0pp
Operating profit	0.14	77% margin	−1pp
Other income, net	0.01
Tax	−0.03
Net profit	0.12	62% margin	−5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026 Operating margin 78% Net profit $0.15B	Apr 1 – Jun 30, 2026	Aug 5, 2026	$0.25B	+31%	78%	$0.15B	63%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 6, 2026 Operating margin 77% Net profit $0.14B	Jan 1 – Mar 31, 2026	May 6, 2026	$0.24B	+21%	77%	$0.14B	60%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 18, 2026 Operating margin 71% Net profit $0.12B	Oct 1 – Dec 31, 2025	Feb 18, 2026	$0.21B	+14%	71%	$0.12B	58%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 5, 2025 Operating margin 73% Net profit $0.12B	Jul 1 – Sep 30, 2025	Nov 5, 2025	$0.20B	+17%	73%	$0.12B	60%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 6, 2025 Operating margin 77% Net profit $0.12B	Apr 1 – Jun 30, 2025	Aug 6, 2025	$0.19B	+9%	77%	$0.12B	62%