Texas Pacific Land TPL Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Other income, net by Business | ||||||
| LRM | $1.58M-53.7% | $2.53M-60.0% | $4.83M-25.1% | $4.16M-62.3% | $3.42M-56.9% | |
| WSO | $647K-28.5% | $682K-67.8% | $1.26M-23.1% | $1.08M-50.9% | $905K-55.0% | |
| Inter-segment revenues by Product | ||||||
| Easements and other surface-related income | $17.32M-5.0% | $20.61M-5.3% | $16.72M+17.1% | $36.22M+119% | $18.23M-11.7% | |
| Land sale | $20.94M— | —— | —— | —— | $0— | |
| Oil and gas royalties | $118.17M+6.2% | $96.72M-0.2% | $108.71M+15.1% | $95.01M+5.8% | $111.25M+20.8% | |
| Produced water royalties | $33.53M+21.0% | $33.51M+19.3% | $32.27M+16.4% | $30.74M+21.5% | $27.7M+20.4% | |
| Water sales | $46.86M+20.7% | $60.73M+65.3% | $44.58M+23.1% | $25.58M-37.1% | $38.81M+4.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Texas Pacific Land break its business down?
- Texas Pacific Land (TPL) reports other income, net by business across 2 parts — LRM and WSO. Each is extracted from the segment footnotes and tracked over time.
- Where does Texas Pacific Land's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Texas Pacific Land's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
