What is Texas Pacific Land's market cap?

Texas Pacific Land (TPL) has a market capitalization of $27.2B and trades on NYSE.

What is Texas Pacific Land's revenue and profitability?

Texas Pacific Land generated $839.0M in trailing twelve-month revenue with net income of $503.6M, representing a net margin of 60.0%. These figures are based on the Q1 2026 filing.

Who are Texas Pacific Land's competitors?

Texas Pacific Land's key competitors include Viper Energy, Inc., Black Stone Minerals, L.P., MATADOR RESOURCES COMPANY, and others. These companies compete in similar markets and product categories.

Who does Texas Pacific Land partner with?

Texas Pacific Land's notable partners include Bolt Data & Energy, Inc., Wells Fargo Bank, National Association, Google.

What subsidiaries does Texas Pacific Land have?

Texas Pacific Land's subsidiaries include Texas Pacific Water Resources.

Where is Texas Pacific Land headquartered?

Texas Pacific Land is headquartered in United States of America and employs approximately 100 people. It has been publicly traded since 1972.

Texas Pacific Land

TPL

Texas Pacific Land Corporation is one of the largest landowners in Texas, primarily focused on managing extensive surface and royalty interests in the Permian Basin.

Market cap

$27.22B+10.0%

Revenue$839.0M+15.3%

Net income$503.6M+9.4%

EPS (diluted)$14.14-26.2%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 6, 2026

Revenue$236.8MBeat by $3.8M EPS$2.07Beat by $0.04

Read the full report

Next report

Aug 5, 2026 (In 3 weeks)

Revenue estimate$252.5M

EPS estimate$2.14

Financials

Q1 2026

Income statement

See full

Revenue$236.8M+20.8%

Operating income$182.3M+21.5%

Net income$142.9M+18.4%

EPS (diluted)$2.07+18.3%

Balance sheet

See full

Cash & equivalents$248.2M-46.5%

Total debt$18.0M—

Total equity$1.6B+29.0%

Total assets$1.8B+29.4%

Cash flow

See full

Operating cash flow$162.0M+3.4%

Valuation & ratios

Valuation

See full

Market cap$27.22B+10.0%

Enterprise value$26.99B—

P/E54×+0.5×

P/S32.4×-0.9×

Profitability

See full

Operating margin74.4%-1.6pp

Net margin60%-3.2pp

Returns & leverage

See full

Return on equity36.5%-3.1pp

Debt / equity0×—

Current ratio4.2×-3.6×

Segments

By product

See full

Oil and gas royalties$118.2M+6.2%

Water sales$46.9M+20.7%

Produced water royalties$33.5M+21.0%

Land sale$20.9M—

Easements and other surface-related income$17.3M-5.0%

By segment

See full

LRM$153.6M+21.3%

WSO$83.3M+20.0%

Competitors

By market cap

Texas Pacific Land$27.2B+10.0%

VNO

Viper Energy$8.4B+68.3%

MTD

Matador Resources$6.6B+3.8%

Black Stone Minerals$3.0B+8.0%

Natural Resource Partners$1.3B+2.3%

SBR

Sabine Royalty Trust$1.1B+11.3%

Pure Cycle$256.5M-3.9%

MAR

Marine Petroleum Trust$9.6M+0.8%

By revenue growth

Pure Cycle+22.9%

Black Stone Minerals+21.3%

Texas Pacific Land+15.3%

MTD

Matador Resources-10.1%

By net margin

Natural Resource Partners76.91%—

Black Stone Minerals63.24%+5.6pp

Texas Pacific Land60.03%-3.2pp

Pure Cycle45.8%-5.9pp

MTD

Matador Resources14.41%-10.6pp

Profile

Texas Pacific Land Corporation is one of the largest landowners in Texas, primarily focused on managing extensive surface and royalty interests in the Permian Basin. The company operates a high-margin business model that monetizes land through the entire oil and gas development lifecycle without being a direct producer. Its value proposition centers on generating diverse revenue streams from royalty interests, water services, and land access fees while maintaining low capital expenditure requirements.

Competitive position

TPL holds a unique dominant position as a massive legacy landowner in the most productive oil basin in the U.S., acting as a 'toll booth' for regional energy activity.

GeographiesTexas, Permian Basin, United States

Customer segmentsUpstream energy companies, Midstream energy companies, Data center developers

Business modelAsset-light royalty, Land leasing, Infrastructure-as-a-service

SuppliersLand acquisition markets, Water rights regulations, Environmental service providers

CustomersOil and gas producers, Pipeline operators, Data center operators, Industrial waste disposal firms

CountryUnited States of America

Listed1972

Employees100.0

CEOTyler Glover

SectorEnergy

IndustryOil & Gas Exploration & Production

Websitetexaspacific.com

FilingsSEC EDGAR

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Questions, answered.

What is Texas Pacific Land's market cap?: Texas Pacific Land (TPL) has a market capitalization of $27.2B and trades on NYSE.
What is Texas Pacific Land's revenue and profitability?: Texas Pacific Land generated $839.0M in trailing twelve-month revenue with net income of $503.6M, representing a net margin of 60.0%. These figures are based on the Q1 2026 filing.
Who are Texas Pacific Land's competitors?: Texas Pacific Land's key competitors include Viper Energy, Inc., Black Stone Minerals, L.P., MATADOR RESOURCES COMPANY, and others. These companies compete in similar markets and product categories.
Who does Texas Pacific Land partner with?: Texas Pacific Land's notable partners include Bolt Data & Energy, Inc., Wells Fargo Bank, National Association, Google.
What subsidiaries does Texas Pacific Land have?: Texas Pacific Land's subsidiaries include Texas Pacific Water Resources.
Where is Texas Pacific Land headquartered?: Texas Pacific Land is headquartered in United States of America and employs approximately 100 people. It has been publicly traded since 1972.