FINHUB Insights

TPL · Q1 FY26 · Jan 1 – Mar 31, 2026

Texas Pacific Land Q1 FY26: where the revenue came from and where it went

Texas Pacific Land Q1 FY26: revenue $0.24B (+21% year over year). Net profit $0.14B. Largest cohort Oil & gas royalties $0.12B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
May 6, 2026 10-Q
Sankey diagram of Texas Pacific Land's income statement for Q1 FY26: revenue of $0.24 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.24B +21% year over year
Gross profit$0.21B 87% margin
Operating profit$0.18B 77% margin
Net profit$0.14B 60% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear 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−0.0314%
Gross profit0.2187% margin+1pp
G&A−0.014%+1pp
Other−0.016%+0pp
Operating profit0.1877% margin+0pp
Tax−0.04
Net profit0.1460%−1pp
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.