FINHUB Insights

TPL · Q2 FY26 · Apr 1 – Jun 30, 2026

Texas Pacific Land Q2 FY26: where the revenue came from and where it went

Texas Pacific Land Q2 FY26: revenue $0.25B (+31% year over year). Net profit $0.15B. Largest cohort Oil & gas royalties $0.15B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2026
Reported
Aug 5, 2026 10-Q
Sankey diagram of Texas Pacific Land's income statement for Q2 FY26: revenue of $0.25 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.25B +31% year over year
Gross profit$0.22B 88% margin
Operating profit$0.19B 78% margin
Net profit$0.15B 63% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
ItemValueShare of revenueYear over year
Revenue 0.25 100% +31%
Oil & gas royalties 0.15 59% +53%
Water sales 0.04 16% +55%
Produced water royalties 0.04 15% +21%
Easement & sundry 0.02 10% −35%
Cost of revenue−0.0312%
Gross profit0.2288% margin+1pp
G&A−0.013%+0pp
Other−0.027%+0pp
Operating profit0.1978% margin+1pp
Tax−0.04
Net profit0.1563%+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.