Texas Pacific Land Corporation revenue by segment TPL

Texas Pacific Land Corporation splits its revenue into 5 lines in its filings. The largest line in Q3 of fiscal 2026, the quarter ended Sep 30, 2026 was Oil And Gas Royalties at $167.3 million, 61% of the total.

USD in millions. The percent under a figure is the change from the same quarter a year earlier.

Line
TTM
Sep 30, 2026
Q3 FY2026
Sep 30, 2026
Q2 FY2026
Jun 30, 2026
Q1 FY2026
Mar 31, 2026
Q4 FY2025
Dec 31, 2025
Q3 FY2025
Sep 30, 2025
Q2 FY2025
Jun 30, 2025
Q1 FY2025
Mar 31, 2025
Q4 FY2024
Dec 31, 2024
Revenue
968
273
246
237
212
203
188
196
186
Oil And Gas Royalties
528
+28.1%
share 54.5%
167
+53.9%
share 61.2%
146
+53.2%
share 59.2%
—
97
-0.2%
share 45.7%
109
share 53.5%
95
share 50.7%
111
share 56.8%
97
share 52.2%
Produced Water Royalties
146
+22.5%
share 15.0%
41
+28.3%
share 15.1%
37
+20.6%
share 15.1%
34
+21.0%
share 14.2%
34
+19.3%
share 15.8%
32
share 15.9%
31
share 16.4%
28
share 14.1%
28
share 15.1%
Easementand Sundry
98
+5.2%
share 10.1%
36
+116.5%
share 13.2%
24
-34.7%
share 9.6%
17
-5.0%
share 7.3%
21
-5.3%
share 9.7%
17
share 8.2%
36
share 19.3%
18
share 9.3%
22
share 11.7%
Water Sales
176
+20.6%
share 18.2%
28
-36.2%
share 10.4%
40
+55.3%
share 16.1%
47
+20.7%
share 19.8%
61
+65.3%
share 28.7%
45
share 22.0%
26
share 13.6%
39
share 19.8%
37
share 19.8%
Land Sale
21
+587.6%
share 2.2%
0
-86.4%
share 0.0%
—
21
share 8.8%
0
-100.0%
share 0.0%
1
share 0.4%
—
—
2
share 1.2%
How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Oil Royalty Traders (SIC 6792)
Listed as
TPL (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Dallas, TX
SEC filer status
Large accelerated filer
SEC CIK
1811074

Other Oil Royalty Traders companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.