LRM — Ad valorem and other taxes
Texas Pacific Land LRM — Ad valorem and other taxes increased by 63.1% to $2.53M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 15.6%, from $2.19M to $2.53M. Over 3 years (FY 2022 to FY 2025), LRM — Ad valorem and other taxes shows relatively stable performance with a -2.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Increases typically reflect rising property valuations or tax rate hikes, while decreases may result from asset divestitures or successful tax appeals.
Detailed definition
Includes property-based taxes and other non-income taxes levied on the land and resource assets held by the segment. Thi...
Peer comparison
Common for real estate and natural resource companies; varies significantly by geographic location.
tpl_segment_lrm_ad_valorem_and_other_taxesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.21M | $2.21M | $2.21M | $2.21M | $1.85M | $1.85M | $1.85M | $1.85M | $2.36M | $1.44M | $2.19M | $1.27M | $2.19M | $1.86M | $2.61M | $1.55M | $2.53M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -16.6% | +0.0% | +0.0% | +0.0% | +27.7% | -38.8% | +51.7% | -42.0% | +72.5% | -14.8% | +40.2% | -40.7% | +63.1% |
| YoY Change | — | — | — | — | -16.6% | -16.6% | -16.6% | -16.6% | +27.7% | -21.8% | +18.6% | -31.2% | -7.1% | +29.2% | +19.4% | +22.2% | +15.6% |
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Frequently Asked Questions
- 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?
- Taxes paid based on the value of land and resource assets held by the segment.