FINHUB Insights

TPL · Q3 FY25 · Jul 1 – Sep 30, 2025

Texas Pacific Land Q3 FY25: where the revenue came from and where it went

Texas Pacific Land Q3 FY25: revenue $0.20B (+17% year over year). Net profit $0.12B. Largest cohort Oil & gas royalties $0.11B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Nov 5, 2025 10-Q
Sankey diagram of Texas Pacific Land's income statement for Q3 FY25: revenue of $0.20 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.20B +17% year over year
Gross profit$0.17B 84% margin
Operating profit$0.15B 73% margin
Net profit$0.12B 60% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear 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−0.0316%
Gross profit0.1784% margin+0pp
G&A−0.013%−4pp
Other−0.027%+0pp
Operating profit0.1573% margin+0pp
Tax−0.03
Net profit0.1260%−2pp
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.