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-51.9% | $14.93M-52.9% | $18.72M-43.3% | $20.34M-40.4% | $27.19M-11.5% | |
| WSO | $3.67M-46.5% | $3.93M-50.7% | $5.37M-12.6% | $5.75M+20.2% | $6.87M+140% | |
| Net Income by Business | ||||||
| LRM | $337.79M+5.7% | $322.42M+2.4% | $334.8M+4.0% | $325.91M-2.1% | $319.47M-0.9% | |
| WSO | $165.83M+17.8% | $158.96M+14.3% | $141.59M+11.6% | $135.83M+18.3% | $140.72M+26.6% | |
| Inter-segment revenues by Business | ||||||
| LRM | $517.71M+13.6% | $490.73M+11.3% | $495.97M+13.0% | $480.35M+8.6% | $455.89M+3.7% | |
| WSO | $321.32M+18.2% | $307.46M+16.0% | $276.42M+11.6% | $262.52M+14.7% | $271.78M+23.6% | |
| Pre-Tax Income by Business | ||||||
| LRM | $428.95M+5.3% | $408.79M+1.9% | $428.15M+8.5% | $416.08M+3.7% | $407.43M+2.8% | |
| WSO | $210.55M+17.1% | $201.54M+13.5% | $181.39M+11.5% | $173.7M+15.7% | $179.81M+30.6% | |
| Total Operating Expenses by Business | ||||||
| LRM | $100.5M+32.8% | $96.32M+35.2% | $86.54M+26.1% | $84.61M+30.9% | $75.66M+8.4% | |
| WSO | $114.11M+15.5% | $109.71M+15.0% | $100.4M+10.1% | $94.57M+10.8% | $98.84M+27.6% | |
| Income Tax by Business | ||||||
| LRM | $91.16M+3.6% | $86.37M0.0% | $93.35M+10.0% | $90.17M+4.1% | $87.95M+2.9% | |
| WSO | $44.71M+14.4% | $42.58M+10.6% | $39.81M+12.6% | $37.86M+15.5% | $39.08M+30.2% | |
| Total consolidated property, plant and equipment, net by Business | ||||||
| LRM | $26.84M+38.2% | $24.18M+20.9% | $21.65M+5.6% | $18.92M-10.1% | $19.42M-10.0% | |
| WSO | $569.93M+27.7% | $534.3M+30.5% | $494.87M+31.7% | $479.18M+39.8% | $446.24M+34.8% | |
| Total consolidated assets by Business | ||||||
| LRM | $5.27B+24.5% | $4.94B+18.4% | $4.63B+12.3% | $4.29B+5.5% | $4.23B+11.6% | |
| WSO | $1.04B+20.2% | $968.68M+17.0% | $901.41M+14.7% | $888.35M+19.5% | $863.71M+22.4% | |
| Operating Income by Business | ||||||
| LRM | $417.21M+9.7% | $394.41M+6.7% | $409.44M+13.2% | $395.75M+7.9% | $380.23M+4.0% | |
| WSO | $207.21M+19.8% | $197.75M+16.6% | $176.02M+12.4% | $167.95M+15.5% | $172.94M+28.3% | |
| Salaries and related employee expenses by Business | ||||||
| LRM | $29.34M+3.2% | $29.18M+6.2% | $29.09M+13.6% | $28.98M+21.2% | $28.43M+24.0% | |
| WSO | $29M+6.2% | $28.74M+10.0% | $28.3M+15.5% | $28.06M+21.9% | $27.3M+23.7% | |
| Total purchases of fixed assets by Business | ||||||
| LRM | $10.5M+4,444% | $10.28M+3,585% | $10.28M+3,855% | $299K+24.1% | $231K+97.4% | |
| WSO | $52.46M+56.9% | $55.67M+91.0% | $31.47M+17.5% | $30.68M+38.2% | $33.44M+94.4% | |
| Ad valorem and other taxes by Business | ||||||
| LRM | $8.56M+20.7% | $8.22M+13.2% | $7.94M+1.3% | $7.51M+0.3% | $7.09M-10.2% | |
| WSO | $47K0.0% | $45K+18.4% | $70K+2,445% | $59K+1,586% | $47K+1,346% | |
| General and administrative expenses by Business | ||||||
| LRM | $16.54M-25.4% | $14.36M-43.8% | $14.9M-51.6% | $21.83M-27.7% | $22.17M-38.4% | |
| WSO | $9.8M+7.0% | $9.42M+5.3% | $9.21M+7.7% | $9.21M+11.8% | $9.15M+13.2% | |
| Depreciation, depletion and amortization by Business | ||||||
| LRM | $46.06M+156% | $44.56M+306% | $34.61M+672% | $26.29M+762% | $17.96M+471% | |
| WSO | $18.58M+21.4% | $17.98M+26.7% | $17.46M+33.4% | $16.58M+34.3% | $15.3M+27.0% | |
| Water service-related expenses by Business | ||||||
| LRM | $0— | $0— | $0— | $0— | $0— | |
| WSO | $56.69M+20.5% | $53.53M+16.1% | $45.36M+0.5% | $40.67M-2.8% | $47.04M+32.9% | |
| Inter-segment revenues by Product | ||||||
| Easements and other surface-related income | $90.87M+28.3% | $91.78M+25.3% | $92.92M+31.7% | $90.49M+21.5% | $70.84M-7.5% | |
| Oil and gas royalties | $418.6M+6.7% | $411.68M+10.3% | $411.91M+9.8% | $397.65M+8.1% | $392.46M+8.9% | |
| Produced water royalties | $130.05M+19.5% | $124.22M+19.3% | $118.79M+20.6% | $114.25M+24.7% | $108.82M+24.9% | |
| Water sales | $177.75M+16.6% | $169.7M+12.6% | $145.71M+3.8% | $137.34M+5.2% | $152.41M+19.4% |
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.
