Texas Pacific Land TPL Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Other income, net by Business | |||||
| LRM | $14.93M-52.9% | $31.71M+4.4% | $30.38M+368% | $6.49M— | |
| WSO | $3.93M-50.7% | $7.98M+610% | $1.12M+1,872% | $57K— | |
| Net Income by Business | |||||
| LRM | $322.42M+2.4% | $314.9M+2.7% | $306.71M-16.0% | $365.04M+74.7% | |
| WSO | $158.96M+14.3% | $139.06M+40.6% | $98.94M+21.7% | $81.32M+33.1% | |
| Inter-segment revenues by Business | |||||
| LRM | $490.73M+11.3% | $440.79M+2.0% | $432.11M-14.8% | $506.98M+58.2% | |
| WSO | $307.46M+16.0% | $265.03M+32.9% | $199.49M+24.3% | $160.45M+22.9% | |
| Pre-Tax Income by Business | |||||
| LRM | $408.79M+1.9% | $401.25M+2.6% | $391.01M-16.0% | $465.35M— | |
| WSO | $201.54M+13.5% | $177.57M+40.3% | $126.55M+22.3% | $103.5M— | |
| Total Operating Expenses by Business | |||||
| LRM | $96.32M+35.2% | $71.25M-0.3% | $71.48M+48.6% | $48.11M— | |
| WSO | $109.71M+15.0% | $95.44M+28.9% | $74.06M+29.9% | $57M— | |
| Income Tax by Business | |||||
| LRM | $86.37M0.0% | $86.35M+2.4% | $84.31M-16.0% | $100.31M— | |
| WSO | $42.58M+10.6% | $38.51M+39.5% | $27.61M+24.5% | $22.18M— | |
| Total consolidated property, plant and equipment, net by Business | |||||
| LRM | $24.18M+20.9% | $19.99M-10.3% | $22.3M-11.0% | $25.05M+26.7% | |
| WSO | $534.3M+30.5% | $409.4M+26.2% | $324.41M+6.2% | $305.43M+3.7% | |
| Total consolidated assets by Business | |||||
| LRM | $4.94B+18.4% | $4.17B+17.9% | $3.54B+28.2% | $2.76B+23.9% | |
| WSO | $968.68M+17.0% | $828.14M+26.3% | $655.87M+15.2% | $569.21M+18.4% | |
| Operating Income by Business | |||||
| LRM | $394.41M+6.7% | $369.54M+2.5% | $360.63M-21.4% | $458.86M— | |
| WSO | $197.75M+16.6% | $169.59M+35.2% | $125.43M+21.2% | $103.45M— | |
| Salaries and related employee expenses by Business | |||||
| LRM | $29.18M+6.2% | $27.49M+25.3% | $21.95M-0.5% | $22.05M— | |
| WSO | $28.74M+10.0% | $26.13M+21.9% | $21.44M+10.8% | $19.35M— | |
| Total purchases of fixed assets by Business | |||||
| LRM | $10.28M+3,585% | $279K+15.8% | $241K-38.7% | $393K-91.6% | |
| WSO | $55.67M+91.0% | $29.14M+91.9% | $15.19M-18.2% | $18.57M+58.4% | |
| Ad valorem and other taxes by Business | |||||
| LRM | $8.22M+13.2% | $7.26M-1.7% | $7.38M-16.6% | $8.85M— | |
| WSO | $45K+18.4% | $38K+1,167% | $3K-50.0% | $6K— | |
| General and administrative expenses by Business | |||||
| LRM | $14.36M-43.8% | $25.53M-34.7% | $39.08M+161% | $14.98M— | |
| WSO | $9.42M+5.3% | $8.95M+21.4% | $7.37M+4.7% | $7.04M— | |
| Depreciation, depletion and amortization by Business | |||||
| LRM | $44.56M+306% | $10.97M+257% | $3.07M+37.6% | $2.23M-6.8% | |
| WSO | $17.98M+26.7% | $14.19M+21.5% | $11.68M-11.1% | $13.14M-5.2% | |
| Water service-related expenses by Business | |||||
| LRM | $0— | $0— | $0— | $0— | |
| WSO | $53.53M+16.1% | $46.12M+37.4% | $33.57M+92.2% | $17.46M— | |
| Inter-segment revenues by Product | |||||
| Easements and other surface-related income | $91.78M+25.3% | $73.26M+3.3% | $70.93M+46.7% | $48.35M+28.5% | |
| Oil and gas royalties | $411.68M+10.3% | $373.33M+4.5% | $357.39M+5.2% | $339.87M+18.6% | |
| Produced water royalties | $124.22M+19.3% | $104.12M+23.6% | $84.26M+16.6% | $72.23M+24.4% | |
| Water sales | $169.7M+12.6% | $150.72M+34.3% | $112.2M+32.4% | $84.73M+25.0% |
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.
