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Texas Pacific Land TPL Operating Lease Liabilities

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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$24.53B+12.3%
Enterprise value$24.3B
P/E45.3×-2.0×
P/S27.3×-2.1×

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:OperatingLeaseLiabilityNoncurrent.

The source filing: Texas Pacific Land’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001811074-26-000058
Line itemJune 30,2026December 31,2025
Total current liabilities94,12572,604
Deferred taxes payable59,29854,107
Unearned revenue - noncurrent18,03621,072
Operating lease liabilities15,51316,175
Accrued liabilities - noncurrent104413
Total liabilities187,076164,371
Commitments and contingencies (Note 12)
Equity:

Item 1. Financial Statements (unaudited)

FAQ

What is Texas Pacific Land's operating lease liabilities?
Texas Pacific Land (TPL) reported operating lease liabilities of $15.51M in Q2 2026.
What is the long-term trend for Texas Pacific Land's operating lease liabilities?
Over 5 years (2020 to 2025), Texas Pacific Land's operating lease liabilities has grown at a 51.5% compound annual growth rate (CAGR), from $2.03M to $16.18M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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