Discontinued — last reported Q4 '25

Current Liabilities

Contract Liabilities

Texas Pacific Land Contract Liabilities decreased by 10.0% to $18.97M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 6.6%, from $20.31M to $18.97M. Over 5 years (FY 2020 to FY 2025), Contract Liabilities shows a downward trend with a -4.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ3 2018
Last reportedQ4 2025

How to read this metric

An increase suggests strong future revenue visibility and customer demand, while a decrease may indicate faster fulfillment or slowing sales.

Detailed definition

This represents the obligation to transfer goods or services to a customer for which the company has already received co...

Peer comparison

Common in companies with long-term service contracts or subscription-based diagnostic models; peers with high recurring revenue often show higher balances.

Metric ID: contract_liabilities

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$20.41M$20.71M$20.45M$20.30M$21.20M$21.43M$21.71M$22.40M$26.64M$25.66M$25.01M$22.72M$21.09M$20.63M$20.64M$20.31M$21.22M$19.66M$21.07M$18.97M
QoQ Change+1.5%-1.2%-0.7%+4.4%+1.1%+1.3%+3.2%+18.9%-3.7%-2.6%-9.2%-7.1%-2.2%+0.1%-1.6%+4.5%-7.3%+7.2%-10.0%
YoY Change+3.8%+3.5%+6.2%+10.3%+25.7%+19.7%+15.2%+1.4%-20.8%-19.6%-17.5%-10.6%+0.6%-4.7%+2.1%-6.6%
Range$18.97M$26.64M
CAGR-1.5%
Avg YoY Growth+0.6%
Median YoY Growth+1.8%

Frequently Asked Questions

What is Texas Pacific Land's contract liabilities?
Texas Pacific Land (TPL) reported contract liabilities of $18.97M in Q1 2026.
How has Texas Pacific Land's contract liabilities changed year-over-year?
Texas Pacific Land's contract liabilities decreased by 6.6% year-over-year, from $20.31M to $18.97M.
What is the long-term trend for Texas Pacific Land's contract liabilities?
Over 5 years (2020 to 2025), Texas Pacific Land's contract liabilities has grown at a -4.2% compound annual growth rate (CAGR), from $26.17M to $21.07M.
What does contract liabilities mean?
Money received from customers for products or services that have not yet been delivered.