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Texas Pacific Land TPL Q2 2025 earnings

Reported August 6, 2025 · After market close

Revenue$187.5MMiss by $10.5MDiluted EPS$1.68Miss by $0.15
Revenue estimate$198.0M
EPS estimate$1.83

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$252.5M
EPS estimate$2.14

Financials

Q2 2025

Income statement

See full
Revenue$187.5M+8.8%
Operating income$143.8M+7.9%
Net income$116.1M+1.4%
EPS (diluted)$5.05+1.4%

Balance sheet

See full
Cash & equivalents$543.9M-39.2%
Total equity$1.3B+6.8%
Total assets$1.4B+6.8%

Cash flow

See full
Operating cash flow$120.9M+23.0%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$24.37B+44.3%
P/E52.8×+15.1×
P/S32.8×+7.6×

Profitability

See full
Operating margin75.9%-3.1pp
Net margin62.2%-4.6pp

Returns & leverage

See full
Return on equity37%-5.8pp
Current ratio14.8×-8.2×

Segments

By product

See full
Oil and gas royalties$95.0M+5.8%
Easements and other surface-related income$36.2M+119%
Produced water royalties$30.7M+21.5%
Water sales$25.6M-37.1%

By segment

See full
LRM$128.5M+23.5%
WSO$59.0M-13.6%

Versus estimates

Revenue

Q1 2026$236.8MBeat by $3.8MQ4 2025$211.6MBeat by $4.1MQ3 2025$203.1MBeat by $28.1M
Q2 2025$187.5MMiss by $10.5M
Q1 2025$196.0MMiss by $15.0MQ4 2024$185.8MBeat by $784.0K

Diluted EPS

Q1 2026$2.07Beat by $0.04Q4 2025$1.79In lineQ3 2025$1.76Miss by $0.16
Q2 2025$1.68Miss by $0.15
Q1 2025$1.75Miss by $0.01Q4 2024$1.71Beat by $0.10

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Questions, answered.

When did Texas Pacific Land report Q2 2025 earnings?
Texas Pacific Land (TPL) reported Q2 2025 earnings on August 6, 2025 after market close.
What were Texas Pacific Land's Q2 2025 revenue and EPS?
Texas Pacific Land reported revenue of $187.5M and diluted EPS of $1.68 for Q2 2025.
Did Texas Pacific Land beat estimates in Q2 2025?
Revenue missed the consensus estimate of $198.0M by $10.5M. EPS missed the consensus estimate of $1.83 by $0.15.
How did Texas Pacific Land's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.8% from $172.3M a year earlier and diluted EPS grew 1.2% from $1.66.
Where can I find Texas Pacific Land's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001811074-25-000077) directly on SEC EDGAR. The filing index links above go to sec.gov.