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Texas Pacific Land TPL Produced water royalties — Inter-segment revenues

Other product segments

Oil and gas royalties
$118.17M+6.2%
Water sales
$46.86M+20.7%
Land sale
$20.94M
Easements and other surface-related income
$17.32M-5.0%

Similar metrics at other companies

WBI
WBIProduced Water Handling — Revenue
$181.94M+114%
HES
HESMReimbursement Of Third Party Produced Water Trucking And Disposal Costs — Revenue (Gross)
$13.2M+30.7%
National Fuel Gas logo
NFGUtility — Intersegment Revenues
$126K+5.9%
Antero Resources logo
ARExploration And Production — Revenue Intersegment
$558K+1.8%
FRM
FRMIWater — Percentage of gross revenues
25%+18.8pp
WBI
WBIProduced Water Handling Revenues Excluding Skim Oil — Revenue
$164.91M+113%

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

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

Returns & leverage

See full
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 produced water royalties — inter-segment revenues?
Texas Pacific Land (TPL) reported produced water royalties — inter-segment revenues of $33.53M in Q1 2026.
How has Texas Pacific Land's produced water royalties — inter-segment revenues changed year-over-year?
Texas Pacific Land's produced water royalties — inter-segment revenues increased by 21.0% year-over-year, from $27.7M to $33.53M.
What is the long-term trend for Texas Pacific Land's produced water royalties — inter-segment revenues?
Over 4 years (2021 to 2025), Texas Pacific Land's produced water royalties — inter-segment revenues has grown at a 20.9% compound annual growth rate (CAGR), from $58.08M to $124.22M.
What does produced water royalties — inter-segment revenues mean?
This metric represents the revenue generated from internal transactions where one business unit charges another for water-related services or royalty rights associated with produced water. It reflects the internal transfer pricing mechanism used to allocate value between the water services division and other operational segments. Tracking this helps investors understand the internal integration and cost-sharing dynamics of the company's water infrastructure assets.