FINHUB Insights

TPL · Q2 FY25 · Apr 1 – Jun 30, 2025

Texas Pacific Land Q2 FY25: where the revenue came from and where it went

Texas Pacific Land Q2 FY25: revenue $0.19B (+9% year over year). Net profit $0.12B. Largest cohort Oil & gas royalties $0.10B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Aug 6, 2025 10-Q
Sankey diagram of Texas Pacific Land's income statement for Q2 FY25: revenue of $0.19 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.19B +9% year over year
Gross profit$0.16B 87% margin
Operating profit$0.14B 77% margin
Net profit$0.12B 62% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear 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−0.0213%
Gross profit0.1687% margin+4pp
G&A−0.013%+0pp
Other−0.017%+0pp
Operating profit0.1477% margin−1pp
Tax−0.03
Net profit0.1262%−5pp
Filing on EDGAR More quarters of TPL

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.