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Texas Pacific Land
Business Segments
Business Segments
Total Operating Expenses

Total Operating Expenses

Texas Pacific Land·Business Segments·2 segments·Rolls up to Total Operating Expenses

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Data sourced from SEC filings — methodology

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OpenCapital

Segment	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
WSO	$25.32M	$22.12M	$30.20M	$32.08M	$29.71M
LRM	$20.60M	$21.67M	$23.80M	$30.25M	$24.78M
Total	$45.91M	$43.79M	$53.99M	$62.33M	$54.49M