Texas Pacific Land Corp(TPL)— Stock Profile, AI Score & Financials
Financials · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Texas Pacific Land Corp (TPL) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores TPL at 73.0/100 on a 32-signal composite quality model, placing it at rank #141 of 2,960 stocks — the top 5% of the AI-ranked universe. TPL scores in the top quartile across balance sheet strength (98.6), profitability (98.3), free cash flow (98.0). Shareholder dilution risk is elevated at 41.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Texas Pacific Land Corp reports quarterly revenue of $246.1M, net income of $153.9M, an operating margin of 78.0%. Top institutional holders of TPL by reported 13-F value include HORIZON KINETICS ASSET MANAGEMENT, BlackRock, STATE STREET, based on the most recent SEC filings. TPL trades on the NYSE exchange and files with the SEC under CIK 1811074. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TPL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Texas Pacific Land Corp directly from SEC EDGAR.
AI Quality Score
73.0/100
AI Rank
#141
Revenue
$246.1M
Net Income
$153.9M
Operating Margin
78.0%
TPL key financials by period
Texas Pacific Land Corp reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$798.2M
$481.4M
74.2%
FY 2024
10-K
$705.8M
$454.0M
76.4%
FY 2023
10-K
$631.6M
$405.6M
77.0%
FY 2022
10-K
$667.4M
$446.4M
84.3%
FY 2021
10-K
$451.0M
$270.0M
80.4%
FY 2020
10-K
$302.6M
$176.0M
71.8%
Institutions holding TPL
Institutional investors reporting a position in Texas Pacific Land Corp on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose to $246.1M from $187.5M as oil and gas royalties jumped 53.2% to $145.6M on a 28.0% higher realized price of $42.17/Boe and 39.7 MBoe/d production.
Biggest Revenue Drivers
Oil and gas royalties$145.6M+53.2% YoY
Average realized price increased 28.0% to $42.17 per Boe and production rose to 39.7 thousand Boe per day
Water sales$39.7M+$14.2M YoY
Increase of 37.5% in water sales volumes and 13.0% in average realized pricing
Biggest Revenue Drivers
Total revenue: $246.1M
Oil and gas royalties$145.6M+53.2% YoY
Average realized price increased 28.0% to $42.17 per Boe and production rose to 39.7 thousand Boe per day
Within Oil and gas royalties
Oil royalties$119.3M
Realized oil price of $97.55 per Bbl versus $63.99 a year ago
Water sales$39.7M+$14.2M YoY
Increase of 37.5% in water sales volumes and 13.0% in average realized pricing
Produced water royalties$37.1M+$6.3M YoY
Principally due to a 14.7% increase in produced water volumes
Largest Expense Items
Depreciation, depletion and amortization$16.6M+$2.9M YoY
Principally depletion expense associated with royalty interests acquired during the second half of 2025
Salaries and related employee expenses$15.6M+$1.5M YoY
Market compensation adjustments effective annually and an increase in company headcount
Water service-related expenses$11.6M+$3.1M YoY
Principally related to a 37.5% increase in water sales volumes
General and administrative expenses$8.0M+$2.3M YoY
Primarily an increase in rent and office-related expenses of $0.6 million at the LRM segment
Margins: Operating income rose to $191.8M from $143.8M on revenue of $246.1M against $54.2M of operating expenses; the effective tax rate fell to 20.5% from 22.0% on purchased transferable federal tax credits.
Watch Items from the Filing
Waha Hub natural gas averaged negative $2.92 per mmbtu in the quarter; realized natural gas price fell to $0.40/Mcf from $0.87, cutting gas royalties to $2.6M from $4.6M.
Easements and other surface-related income fell to $23.7M from $36.2M, driven by a $15.0M decline in pipeline easements the filing calls unpredictable and variable period to period.
Permian activity is softening: average weekly horizontal rig count fell to 224 from 273 and DUCs to 3,872 from 4,428, with all revenue concentrated in one basin.
Chevron Project Kilby land sale booked $20.9M of revenue against $42.4M of contractual payments through 2046, with developer put and company call options tied to development milestones.
Cash of $248.6M sits well below the stated $700M target balance; the $500M credit facility is undrawn and the company is in compliance with all covenants.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
