Texas Pacific Land Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $798.2M | $705.8M | $631.6M | $667.4M | $451.0M |
| Operating income | $592.2M | $539.1M | $486.1M | $562.3M | $362.4M |
| Interest expense | $690,000 | $0 | $0 | — | — |
| Pretax income | $610.3M | $578.8M | $517.6M | $568.9M | $363.0M |
| Income tax expense | $129.0M | $124.9M | $111.9M | $122.5M | $93.0M |
| Net income | $481.4M | $454.0M | $405.6M | $446.4M | $270.0M |
| Balance Sheet | |||||
| Cash and equivalents | $144.8M | $369.8M | $725.2M | $510.8M | $428.2M |
| Current assets | $319.3M | $503.4M | $862.5M | $633.4M | $526.5M |
| Total assets | $1.6B | $1.2B | $1.2B | $877.4M | $764.1M |
| Current liabilities | $72.6M | $46.6M | $44.4M | $39.6M | $50.9M |
| Total liabilities | $164.4M | $115.6M | $113.2M | $104.5M | $112.4M |
| Stockholders' equity | $1.5B | $1.1B | $1.0B | $772.9M | $651.7M |
| Cash Flow Statement | |||||
| Cash from operations | $545.9M | $490.7M | $418.3M | $447.1M | $265.2M |
| Depreciation and amortization | $62.5M | $25.2M | $14.8M | $15.4M | $16.3M |
| Stock-based compensation | $15.1M | $12.5M | $10.3M | $8.4M | $28,000 |
| Capital expenditure | — | — | — | $19.0M | $16.4M |
| Free cash flow | — | — | — | $428.2M | $248.7M |
| Dividends paid | $147.8M | $347.3M | $100.0M | $247.3M | $85.3M |
| Share repurchases | $8.4M | $29.2M | $42.6M | $87.8M | $19.7M |
Shares outstanding 69.0M · Free float 85.1%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.