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Texas Pacific Land TPL Total costs & expenses

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Segments

By segment

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LRM$27.57M+27.2%
WSO$26.68M+20.6%

Other financials

Income statement

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Revenue$246.1M+31.2%
Operating income$191.8M+33.4%
Net income$153.9M+32.5%
EPS (diluted)$2.23+32.7%

Balance sheet

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Cash & equivalents$248.6M-54.3%
Total debt$18.0M
Total equity$1.7B+29.7%
Total assets$1.9B+32.4%

Cash flow

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Operating cash flow$172.9M+43.0%
CapEx$426.0K
Free cash flow$90.2M

Valuation

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Market cap$24.53B+12.3%
Enterprise value$24.3B
P/E45.3×-2.0×
P/S27.3×-2.1×

Profitability

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Operating margin74.9%-1.0pp
Net margin60.3%-1.8pp
FCF margin58.6%

Returns & leverage

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Return on equity36.6%-0.4pp
Debt / equity
Current ratio4.6×-10.2×

Where this comes from

Reported directly by Texas Pacific Land in its filing.

Tagged under the XBRL concept us-gaap:CostsAndExpenses.

The source filing: Texas Pacific Land’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001811074-26-000058
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
General and administrative expenses8,0045,69316,63511,765
Depreciation, depletion and amortization16,63913,69930,68225,640
Ad valorem and other taxes2,4671,8775,0094,076
Total operating expenses54,24243,792108,73289,702
Operating income191,817143,751374,145293,824
Interest expense(973)(1,965)
Other income, net2,8545,2405,0829,561
Income before income taxes193,698148,991377,262303,385

Item 1. Financial Statements (unaudited)

FAQ

What is Texas Pacific Land's total costs & expenses?
Texas Pacific Land (TPL) reported total costs & expenses of $54.24M in Q2 2026.
How has Texas Pacific Land's total costs & expenses changed year-over-year?
Texas Pacific Land's total costs & expenses increased by 23.9% year-over-year, from $43.79M to $54.24M.
What is the long-term trend for Texas Pacific Land's total costs & expenses?
Over 4 years (2021 to 2025), Texas Pacific Land's total costs & expenses has grown at a 23.5% compound annual growth rate (CAGR), from $88.57M to $206.03M.
What does total costs & expenses mean?
The aggregate of all operating and non-operating costs incurred to generate revenue, including salaries, administrative overhead, depreciation, and service-related expenses. Monitoring this metric helps assess the company's overall cost structure and operational discipline in managing its land and water assets.

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