Texas Pacific Land TPL Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Other income, net by Business | ||||||
| LRM | $13.09M-12.3% | $14.93M-20.3% | $18.72M-8.0% | $20.34M-25.2% | $27.19M-14.2% | |
| WSO | $3.67M-6.6% | $3.93M-26.7% | $5.37M-6.6% | $5.75M-16.3% | $6.87M-13.9% | |
| Net Income by Business | ||||||
| LRM | $337.79M+4.8% | $322.42M-3.7% | $334.8M+2.7% | $325.91M+2.0% | $319.47M+1.5% | |
| WSO | $165.83M+4.3% | $158.96M+12.3% | $141.59M+4.2% | $135.83M-3.5% | $140.72M+1.2% | |
| Inter-segment revenues by Business | ||||||
| LRM | $517.71M+5.5% | $490.73M-1.1% | $495.97M+3.3% | $480.35M+5.4% | $455.89M+3.4% | |
| WSO | $321.32M+4.5% | $307.46M+11.2% | $276.42M+5.3% | $262.52M-3.4% | $271.78M+2.5% | |
| Pre-Tax Income by Business | ||||||
| LRM | $428.95M+4.9% | $408.79M-4.5% | $428.15M+2.9% | $416.08M+2.1% | $407.43M+1.5% | |
| WSO | $210.55M+4.5% | $201.54M+11.1% | $181.39M+4.4% | $173.7M-3.4% | $179.81M+1.3% | |
| Total Operating Expenses by Business | ||||||
| LRM | $100.5M+4.3% | $96.32M+11.3% | $86.54M+2.3% | $84.61M+11.8% | $75.66M+6.2% | |
| WSO | $114.11M+4.0% | $109.71M+9.3% | $100.4M+6.2% | $94.57M-4.3% | $98.84M+3.6% | |
| Income Tax by Business | ||||||
| LRM | $91.16M+5.5% | $86.37M-7.5% | $93.35M+3.5% | $90.17M+2.5% | $87.95M+1.9% | |
| WSO | $44.71M+5.0% | $42.58M+7.0% | $39.81M+5.1% | $37.86M-3.1% | $39.08M+1.5% | |
| Total consolidated property, plant and equipment, net by Business | ||||||
| LRM | $26.84M+11.0% | $24.18M+11.7% | $21.65M+14.4% | $18.92M-2.6% | $19.42M-2.9% | |
| WSO | $569.93M+6.7% | $534.3M+8.0% | $494.87M+3.3% | $479.18M+7.4% | $446.24M+9.0% | |
| Total consolidated assets by Business | ||||||
| LRM | $5.27B+6.7% | $4.94B+6.7% | $4.63B+7.8% | $4.29B+1.5% | $4.23B+1.4% | |
| WSO | $1.04B+7.2% | $968.68M+7.5% | $901.41M+1.5% | $888.35M+2.9% | $863.71M+4.3% | |
| Operating Income by Business | ||||||
| LRM | $417.21M+5.8% | $394.41M-3.7% | $409.44M+3.5% | $395.75M+4.1% | $380.23M+2.9% | |
| WSO | $207.21M+4.8% | $197.75M+12.3% | $176.02M+4.8% | $167.95M-2.9% | $172.94M+2.0% | |
| Salaries and related employee expenses by Business | ||||||
| LRM | $29.34M+0.5% | $29.18M+0.3% | $29.09M+0.4% | $28.98M+1.9% | $28.43M+3.4% | |
| WSO | $29M+0.9% | $28.74M+1.6% | $28.3M+0.9% | $28.06M+2.8% | $27.3M+4.5% | |
| Total purchases of fixed assets by Business | ||||||
| LRM | $10.5M+2.1% | $10.28M0.0% | $10.28M+3,339% | $299K+29.4% | $231K-17.2% | |
| WSO | $52.46M-5.8% | $55.67M+76.9% | $31.47M+2.6% | $30.68M-8.3% | $33.44M+14.7% | |
| Ad valorem and other taxes by Business | ||||||
| LRM | $8.56M+4.1% | $8.22M+3.6% | $7.94M+5.7% | $7.51M+5.9% | $7.09M-2.3% | |
| WSO | $47K+4.4% | $45K-35.7% | $70K+18.6% | $59K+25.5% | $47K+23.7% | |
| General and administrative expenses by Business | ||||||
| LRM | $16.54M+15.2% | $14.36M-3.6% | $14.9M-31.7% | $21.83M-1.5% | $22.17M-13.2% | |
| WSO | $9.8M+4.0% | $9.42M+2.3% | $9.21M0.0% | $9.21M+0.6% | $9.15M+2.3% | |
| Depreciation, depletion and amortization by Business | ||||||
| LRM | $46.06M+3.4% | $44.56M+28.7% | $34.61M+31.6% | $26.29M+46.3% | $17.96M+63.8% | |
| WSO | $18.58M+3.3% | $17.98M+2.9% | $17.46M+5.3% | $16.58M+8.4% | $15.3M+7.8% | |
| Water service-related expenses by Business | ||||||
| LRM | $0— | $0— | $0— | $0— | $0— | |
| WSO | $56.69M+5.9% | $53.53M+18.0% | $45.36M+11.6% | $40.67M-13.5% | $47.04M+2.0% | |
| Inter-segment revenues by Product | ||||||
| Easements and other surface-related income | $90.87M-1.0% | $91.78M-1.2% | $92.92M+2.7% | $90.49M+27.7% | $70.84M-3.3% | |
| Oil and gas royalties | $418.6M+1.7% | $411.68M-0.1% | $411.91M+3.6% | $397.65M+1.3% | $392.46M+5.1% | |
| Produced water royalties | $130.05M+4.7% | $124.22M+4.6% | $118.79M+4.0% | $114.25M+5.0% | $108.82M+4.5% | |
| Water sales | $177.75M+4.7% | $169.7M+16.5% | $145.71M+6.1% | $137.34M-9.9% | $152.41M+1.1% |
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.
