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Texas Pacific Land TPL LRM — Income Tax

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WSO
$12.01M+21.5%

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RMRNet income attributable to RMR Inc. before income tax expense
$1.55M-68.1%

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 / 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:IncomeTaxExpenseBenefit.

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 — income tax?
Texas Pacific Land (TPL) reported LRM — income tax of $28.65M in Q1 2026.
How has Texas Pacific Land's LRM — income tax changed year-over-year?
Texas Pacific Land's LRM — income tax increased by 20.1% year-over-year, from $23.86M to $28.65M.
What is the long-term trend for Texas Pacific Land's LRM — income tax?
Over 3 years (2022 to 2025), Texas Pacific Land's LRM — income tax has grown at a -4.9% compound annual growth rate (CAGR), from $100.31M to $86.37M.
What does LRM — income tax mean?
This represents the portion of the company's total income tax provision that is attributable to the earnings generated by the Land and Resource Management segment. It reflects the tax burden associated with the segment's specific contribution to the company's taxable income.