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Texas Pacific Land TPL Land Acquisitions — Aggregate purchase price

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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$26.34B+20.5%
Enterprise value$26.11B
P/E48.7×+1.3×
P/S29.4×-0.1×

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:RealEstateOtherAcquisitions.

The source filing: Texas Pacific Land’s 10-K, filed February 18, 2026.

Filed
Feb 18, 2026, 4:20 PM EST
Fiscal year
FY2025
Accession
0001811074-26-000018

For the year ended December 31, 2025, we acquired 8,934 acres of land for an aggregate purchase price of $36.0 million.

Item 1.Financial Statements.

FAQ

What is Texas Pacific Land's land acquisitions — aggregate purchase price?
Texas Pacific Land (TPL) reported land acquisitions — aggregate purchase price of $4.6M in Q4 2025.
How has Texas Pacific Land's land acquisitions — aggregate purchase price changed year-over-year?
Texas Pacific Land's land acquisitions — aggregate purchase price increased by 820.0% year-over-year, from $500K to $4.6M.
What is the long-term trend for Texas Pacific Land's land acquisitions — aggregate purchase price?
Over 2 years (2021 to 2023), Texas Pacific Land's land acquisitions — aggregate purchase price has grown at a 532.5% compound annual growth rate (CAGR), from $500K to $20M.
What does land acquisitions — aggregate purchase price mean?
This metric represents the total monetary consideration paid to acquire new land assets during the reporting period. It provides insight into the company's capital allocation efficiency and the cost basis of its recent land investments. By analyzing this figure alongside acreage additions, investors can determine the cost per acre and assess the company's valuation discipline in the land market.

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