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Texas Pacific Land TPL Business Segments

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Inter-segment revenues by Business
LRM$163.87M+27.5%$153.56M+21.3%$113.38M-4.4%$122.27M+14.6%$128.5M+23.5%
WSO$82.19M+39.2%$83.26M+20.0%$98.2M+46.2%$80.82M+20.8%$59.05M-13.6%
Inter-segment revenues by Product
Easements and other surface-related income$23.66M-34.7%$17.32M-5.0%$20.61M-5.3%$16.72M+17.1%$36.22M+119%
Land sales$0$20.94M$0
Oil and gas royalties$145.59M+53.2%$118.17M+6.2%$96.72M-0.2%$108.71M+15.1%$95.01M+5.8%
Produced water royalties$37.08M+20.6%$33.53M+21.0%$33.51M+19.3%$32.27M+16.4%$30.74M+21.5%
Water sales$39.73M+55.3%$46.86M+20.7%$60.73M+65.3%$44.58M+23.1%$25.58M-37.1%

FAQ

How does Texas Pacific Land break its business down?
Texas Pacific Land (TPL) reports inter-segment revenues 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.