Texas Pacific Land Corp (TPL)
Texas Pacific Land Corp brought in $967.8M of revenue over the twelve months to September 30, 2026, up 25.3% from a year earlier. Net income was $587.5M, a net margin of 60.7%. At September 30, 2026 it held $369.6M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Texas Pacific Land Corp
- Net worth
- Texas Pacific Land Corp has a market value (market cap) of $19.1B at the latest share price, and shareholders' equity of $1.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $798.2M (+13.1% year on year), with net income of $481.4M. Over the 12 months to September 30, 2026: revenue $967.8M, net income $587.5M.
- Cash flow
- In fiscal 2025 operations brought in $545.9M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Texas Pacific Land Corp's next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Texas Pacific Land Corp paid dividends of $2.13 per share in fiscal 2025, a yield of 0.77% at the current price.
What Texas Pacific Land Corp does
Texas Pacific Land Corp is registered with the SEC under industry code SIC 6792 (Oil Royalty Traders). Its shares trade on NYSE under the ticker TPL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $798.2M | $481.4M | $6.97 | n/a |
| 2024 | $705.8M | $454M | $6.57 | n/a |
| 2023 | $631.6M | $405.6M | $5.86 | n/a |
| 2022 | $667.4M | $446.4M | $6.42 | $428.2M |
| 2021 | $451M | $270M | $3.87 | $248.7M |
| 2020 | $302.6M | $176M | $2.52 | $202M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where TPL ranks in Energy
Dividends
Texas Pacific Land Corp paid $2.13 per share in fiscal 2025. At the current price that is a yield of 0.77%. It paid out $147.8M in cash dividends, 31% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.13 | $147.8M | 31% |
| 2024 | n/a | $347.3M | 77% |
| 2023 | $1.44 | $100M | 25% |
| 2022 | n/a | $247.3M | 55% |
| 2021 | $1.22 | $85.3M | 32% |
| 2020 | $1.11 | $201.7M | 115% |
Latest SEC filings
What Texas Pacific Land Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 35% to $273.4M versus the same quarter last year; diluted EPS $2.42 versus $1.76.
- November 4, 2026
- October 30, 2026Passive stake (5% or more) SCHEDULE 13G
- October 23, 2026Additional proxy material DEFA14A
- October 8, 2026Additional proxy material DEFA14A
- September 25, 2026Executive or director change8-KTexas Pacific Land Corporation extended employment agreements for its top executives through 2029 and scheduled its 2027 annual meeting for May 6, 2027.
- September 25, 2026Additional proxy material DEFA14A
- September 25, 2026
- September 25, 2026Additional proxy material DEFA14A
- September 25, 2026Proxy statement DEF 14A
Insider trades
What the people running Texas Pacific Land Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $14.8K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | Horizon Kinetics Asset Management LLC10% owner | Other change | 961 | - |
| September 29, 2026 | Horizon Kinetics Asset Management LLC10% owner | Bought | 4 | $1.4K |
| September 28, 2026 | Horizon Kinetics Asset Management LLC10% owner | Bought | 1 | $340.1 |
| September 25, 2026 | Horizon Kinetics Asset Management LLC10% owner | Bought | 1 | $339.7 |
| September 24, 2026 | Horizon Kinetics Asset Management LLC10% owner | Bought | 1 | $340.3 |
| September 23, 2026 | Horizon Kinetics Asset Management LLC10% owner | Bought | 1 | $353 |
| September 22, 2026 | Horizon Kinetics Asset Management LLC10% owner | Bought | 1 | $361.4 |
| September 21, 2026 | Horizon Kinetics Asset Management LLC10% owner | Bought | 1 | $349 |
Who owns TPL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Horizon Kinetics Asset Management LLC13D, may seek influence with 1 related filers | 14.7% | May 7, 2026 |
| Vanguard Capital Management13G, passive | 6.3% | April 30, 2026 |
| Vanguard Portfolio Management13G, passive | 5.11% | October 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 871 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Horizon Kinetics Asset Management LLC | 9,802,899 | -212,480 |
| BlackRock, Inc. | 5,296,254 | -656,261 |
| State Street Corp | 3,964,748 | +179,791 |
| Vanguard Capital Management LLC | 3,808,863 | +25,178 |
| Vanguard Portfolio Management LLC | 3,184,079 | +41,227 |
| Geode Capital Management, LLC | 1,646,584 | +13,188 |
| First Manhattan Co. LLC. | 1,064,741 | +1,972 |
| SoftVest Advisors, LLC | 1,062,099 | 0 |
| Morgan Stanley | 972,321 | +7,845 |
| Invesco Ltd. | 715,743 | +93,568 |
| Charles Schwab Investment Management Inc | 647,812 | +34,438 |
| Pacific Heights Asset Management LLC | 590,000 | -30,000 |
| Northern Trust Corp | 540,628 | -4,255 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 477,430 | +30,911 |
| UBS Group AG | 445,744 | -27,863 |
| Dimensional Fund Advisors LP | 442,988 | +11,898 |
| Schwartz Investment Counsel Inc | 413,457 | +2,531 |
| Legal & General Group Plc | 350,454 | -52,120 |
| Bank of New York Mellon Corp | 340,777 | -16,602 |
| Vanguard Fiduciary Trust Co | 333,823 | -750 |
Insiders
13 insiders reported holding 3,594,761 shares in total, about $997.7M at the last price.
| Holder | Shares |
|---|---|
| Horizon Kinetics Asset Management LLC10% owner | 3,363,242 |
| Doyle PeterDirector | 146,941 |
| Glover TylerPresident & CEO, Director | 44,171 |
| Steddum ChrisChief Financial Officer | 12,040 |
| Dobbs Micheal W.Senior VP, Secretary and GC | 7,845 |
| Best Rhys JDirector | 3,299 |
| Cook Donald GDirector | 3,086 |
| Epps Donna EDirector | 2,921 |
| Duganier Barbara JDirector | 2,921 |
| Kurz Karl FDirector | 2,624 |
Questions about TPL
What does Texas Pacific Land Corp do?
Texas Pacific Land Corp is a company in the Energy sector, listed on NYSE as TPL. Its shares trade on NYSE under the ticker TPL.
What is Texas Pacific Land Corp's net worth?
Texas Pacific Land Corp has a market value (market cap) of $19.1B at the latest share price, and shareholders' equity of $1.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Texas Pacific Land Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $587.5M on revenue of $967.8M, a net margin of 60.7%.
How much revenue does Texas Pacific Land Corp make?
Over the twelve months to September 30, 2026 Texas Pacific Land Corp reported revenue of $967.8M. That is 25.3% more than a year earlier.
When did Texas Pacific Land Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026.
When is Texas Pacific Land Corp's next earnings report?
Texas Pacific Land Corp's next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Texas Pacific Land Corp pay a dividend?
Yes. Texas Pacific Land Corp paid dividends of $2.13 per share in fiscal 2025, a yield of 0.77% at the current price.
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Where the numbers come from
Financial figures are the values Texas Pacific Land Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.