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Texas Pacific Land TPL Pension curtailment/settlement gains

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Other financials

Income statement

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Revenue$246.1M+31.2%
Operating income$191.8M+33.4%
Net income$153.9M+32.5%
EPS (diluted)$2.23+32.7%

Balance sheet

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Cash & equivalents$248.6M-54.3%
Total debt$18.0M
Total equity$1.7B+29.7%
Total assets$1.9B+32.4%

Cash flow

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Operating cash flow$172.9M+43.0%
CapEx$426.0K
Free cash flow$90.2M

Valuation

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Market cap$23.5B+19.6%
Enterprise value$23.27B
P/E43.4×+0.8×
P/S26.2×-0.3×

Profitability

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Operating margin74.9%-1.0pp
Net margin60.3%-1.8pp
FCF margin58.6%

Returns & leverage

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Return on equity36.6%-0.4pp
Debt / equity
Current ratio4.6×-10.2×

Where this comes from

Reported directly by Texas Pacific Land in its filing.

Tagged under the XBRL concept us-gaap:DefinedBenefitPlanCurtailments.

The source filing: Texas Pacific Land’s 10-K, filed February 18, 2026.

Filed
Feb 18, 2026, 4:20 PM EST
Fiscal year
FY2025
Accession
0001811074-26-000018
Line itemYears Ended December 31, 2025Years Ended December 31, 2024Years Ended December 31, 2023
Depreciation, depletion and amortization62,53325,16214,757
Amortization of debt issuance costs211
Share-based compensation15,13112,49810,343
Pension curtailment/settlement gains(4,616)
Deferred taxes6,5554,6041,399
Changes in operating assets and liabilities:
Receivables and other assets(52,933)(610)(24,457)
Prepaid income taxes(3,716)4,809

Item 1.Financial Statements.

FAQ

What is Texas Pacific Land's pension curtailment/settlement gains?
Texas Pacific Land (TPL) reported pension curtailment/settlement gains of $0 in Q4 2025.
How has Texas Pacific Land's pension curtailment/settlement gains changed year-over-year?
Texas Pacific Land's pension curtailment/settlement gains increased by 100.0% year-over-year, from -$1.15M to $0.
What does pension curtailment/settlement gains mean?
This captures gains or losses resulting from significant reductions in the scope of a defined benefit pension plan, such as a workforce reduction or plan termination. These are non-cash adjustments that impact the company's long-term pension obligations.

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