Texas Pacific Land TPL Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Other income, net by Business | ||||||
| LRM | $1.58M-37.4% | $2.53M-47.6% | $4.83M+16.1% | $4.16M+21.7% | $3.42M-45.9% | |
| WSO | $647K-5.1% | $682K-45.9% | $1.26M+16.3% | $1.08M+19.8% | $905K-57.3% | |
| Net Income by Business | ||||||
| LRM | $100.92M+45.1% | $69.54M-13.9% | $80.76M-6.7% | $86.57M+1.2% | $85.54M+4.4% | |
| WSO | $41.98M-22.0% | $53.8M+32.9% | $40.48M+36.9% | $29.57M-15.8% | $35.11M-3.6% | |
| Inter-segment revenues by Business | ||||||
| LRM | $153.56M+35.4% | $113.38M-7.3% | $122.27M-4.8% | $128.5M+1.5% | $126.58M+6.7% | |
| WSO | $83.26M-15.2% | $98.2M+21.5% | $80.82M+36.9% | $59.05M-14.9% | $69.4M+3.3% | |
| Pre-Tax Income by Business | ||||||
| LRM | $129.57M+52.2% | $85.11M-17.6% | $103.3M-6.9% | $110.98M+1.4% | $109.4M+4.7% | |
| WSO | $53.99M-19.0% | $66.66M+28.5% | $51.88M+36.5% | $38.01M-15.5% | $44.99M-3.3% | |
| Total Operating Expenses by Business | ||||||
| LRM | $24.78M-18.1% | $30.25M+27.1% | $23.8M+9.8% | $21.67M+5.2% | $20.6M+0.6% | |
| WSO | $29.71M-7.4% | $32.08M+6.2% | $30.2M+36.5% | $22.12M-12.6% | $25.32M+11.2% | |
| Income Tax by Business | ||||||
| LRM | $28.65M+84.0% | $15.57M-30.9% | $22.54M-7.7% | $24.41M+2.3% | $23.86M+5.8% | |
| WSO | $12.01M-6.5% | $12.85M+12.7% | $11.41M+35.1% | $8.44M-14.6% | $9.88M-1.9% | |
| Total consolidated property, plant and equipment, net by Business | ||||||
| LRM | $7.26M-1.0% | $7.34M-4.3% | $7.67M+67.7% | $4.57M-0.8% | $4.61M-4.1% | |
| WSO | $159.49M+1.5% | $157.2M+21.1% | $129.86M+5.3% | $123.38M-0.4% | $123.86M+5.2% | |
| Total consolidated assets by Business | ||||||
| LRM | $1.46B+9.3% | $1.33B+3.2% | $1.29B+8.7% | $1.19B+5.2% | $1.13B+10.1% | |
| WSO | $295.08M+1.4% | $291.1M+24.3% | $234.22M+7.5% | $217.78M-3.5% | $225.58M+0.8% | |
| Operating Income by Business | ||||||
| LRM | $128.78M+54.9% | $83.13M-15.6% | $98.47M-7.8% | $106.82M+0.8% | $105.99M+8.0% | |
| WSO | $53.55M-19.0% | $66.11M+30.6% | $50.62M+37.1% | $36.93M-16.2% | $44.09M-0.7% | |
| Interest Expense, Nonoperating by Business | ||||||
| LRM | $793K— | —— | —— | —— | $0— | |
| WSO | $199K— | —— | —— | —— | $0— | |
| Salaries and related employee expenses by Business | ||||||
| LRM | $7.56M+1.4% | $7.46M+2.2% | $7.3M+3.9% | $7.03M-5.1% | $7.4M+0.5% | |
| WSO | $7.43M-0.1% | $7.44M+4.9% | $7.09M+0.6% | $7.05M-1.7% | $7.17M+2.5% | |
| Total purchases of fixed assets by Business | ||||||
| LRM | $217K+219% | $68K-99.3% | $10.05M+6,142% | $161K+5,267% | $3K-95.7% | |
| WSO | $6.7M-78.8% | $31.56M+199% | $10.56M+189% | $3.65M-63.2% | $9.91M+34.6% | |
| Ad valorem and other taxes by Business | ||||||
| LRM | $2.53M+63.1% | $1.55M-40.7% | $2.61M+40.2% | $1.86M-14.8% | $2.19M+72.5% | |
| WSO | $12K+9.1% | $11K0.0% | $11K-15.4% | $13K+30.0% | $10K-72.2% | |
| General and administrative expenses by Business | ||||||
| LRM | $5.5M+38.6% | $3.97M+15.6% | $3.43M-5.9% | $3.65M+10.1% | $3.31M-26.5% | |
| WSO | $3.14M+27.6% | $2.46M+13.8% | $2.16M+5.6% | $2.05M-25.9% | $2.76M+23.0% | |
| Depreciation, depletion and amortization by Business | ||||||
| LRM | $9.19M-46.8% | $17.28M+65.3% | $10.45M+14.4% | $9.14M+18.8% | $7.69M+4.9% | |
| WSO | $4.85M+4.2% | $4.65M+3.2% | $4.51M-1.1% | $4.56M+7.3% | $4.25M+2.7% | |
| Water service-related expenses by Business | ||||||
| LRM | $0— | $0— | $0— | $0— | $0— | |
| WSO | $14.29M-18.5% | $17.52M+6.7% | $16.43M+94.4% | $8.45M-24.0% | $11.13M+18.9% | |
| Inter-segment revenues by Product | ||||||
| Easements and other surface-related income | $17.32M-16.0% | $20.61M+23.3% | $16.72M-53.9% | $36.22M+98.8% | $18.23M-16.2% | |
| Land sale | $20.94M— | —— | —— | —— | $0— | |
| Oil and gas royalties | $118.17M+22.2% | $96.72M-11.0% | $108.71M+14.4% | $95.01M-14.6% | $111.25M+14.7% | |
| Produced water royalties | $33.53M0.0% | $33.51M+3.9% | $32.27M+5.0% | $30.74M+11.0% | $27.7M-1.4% | |
| Water sales | $46.86M-22.8% | $60.73M+36.2% | $44.58M+74.3% | $25.58M-34.1% | $38.81M+5.7% |
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.
