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Texas Pacific Land TPL LRM — Ad valorem and other taxes

Other segment segments

WSO
$12K+20.0%

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$14.47M+10.3%

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+26.7%
Enterprise value$27.07B—
P/E54.2×+7.5×
P/S32.5×+3.5×

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 / equity0×—
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:TaxesExcludingIncomeAndExciseTaxes.

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 LRM — ad valorem and other taxes?
Texas Pacific Land (TPL) reported LRM — ad valorem and other taxes of $2.53M in Q1 2026.
How has Texas Pacific Land's LRM — ad valorem and other taxes changed year-over-year?
Texas Pacific Land's LRM — ad valorem and other taxes increased by 15.6% year-over-year, from $2.19M to $2.53M.
What is the long-term trend for Texas Pacific Land's LRM — ad valorem and other taxes?
Over 3 years (2022 to 2025), Texas Pacific Land's LRM — ad valorem and other taxes has grown at a -2.4% compound annual growth rate (CAGR), from $8.85M to $8.22M.
What does LRM — ad valorem and other taxes mean?
Includes property-based taxes and other non-income taxes levied on the land and resource assets held by the segment. This metric reflects the tax burden associated with ownership of surface and mineral rights. It is a recurring cost that is largely dependent on asset valuation and local tax jurisdictions.