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Texas Pacific Land TPL Easements and other surface-related income — Inter-segment revenues

Other product segments

Oil and gas royalties
$118.17M+6.2%
Water sales
$46.86M+20.7%
Produced water royalties
$33.53M+21.0%
Land sale
$20.94M

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Other financials

Income statement

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Revenue$236.8M+20.8%
Operating income$182.3M+21.5%
Net income$142.9M+18.4%
EPS (diluted)$2.07+18.3%

Balance sheet

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Cash & equivalents$248.2M-46.5%
Total debt$18.0M
Total equity$1.6B+29.0%
Total assets$1.8B+29.4%

Cash flow

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Operating cash flow$162.0M+3.4%
CapEx$426.0K
Free cash flow$90.2M

Valuation

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Market cap$27.3B+12.0%
Enterprise value$27.07B
P/E54.2×+1.4×
P/S32.5×-0.3×

Profitability

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Operating margin74.4%-1.6pp
Net margin60%-3.2pp
FCF margin58.6%

Returns & leverage

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Return on equity36.5%-3.1pp
Debt / equity
Current ratio4.2×-3.6×

Where this comes from

Reported directly by Texas Pacific Land in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Texas Pacific Land’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Texas Pacific Land's easements and other surface-related income — inter-segment revenues?
Texas Pacific Land (TPL) reported easements and other surface-related income — inter-segment revenues of $17.32M in Q1 2026.
How has Texas Pacific Land's easements and other surface-related income — inter-segment revenues changed year-over-year?
Texas Pacific Land's easements and other surface-related income — inter-segment revenues decreased by 5.0% year-over-year, from $18.23M to $17.32M.
What is the long-term trend for Texas Pacific Land's easements and other surface-related income — inter-segment revenues?
Over 4 years (2021 to 2025), Texas Pacific Land's easements and other surface-related income — inter-segment revenues has grown at a 25.0% compound annual growth rate (CAGR), from $37.62M to $91.78M.
What does easements and other surface-related income — inter-segment revenues mean?
This metric represents the revenue generated by the Easements and other surface-related income segment through transactions with other internal business units of the corporation. It reflects the internal utilization of land-related assets, such as rights-of-way or surface access, by the company's own operational segments. This figure is critical for understanding the internal synergy and cost allocation between the company's land management and water services divisions.