Texas Pacific Land Water sales — Inter-segment revenues decreased by 22.8% to $46.86M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 20.7%, from $38.81M to $46.86M. Over 4 years (FY 2021 to FY 2025), Water sales — Inter-segment revenues shows an upward trend with a 25.8% CAGR.
An increase suggests higher internal utilization of water services for drilling and completion operations, while a decrease may indicate reduced internal activity or a shift in operational focus.
This metric represents the revenue generated by the water services segment through transactions with other internal busi...
Similar to internal transfer pricing or inter-segment service fees seen in integrated energy or infrastructure companies with captive service divisions.
tpl_segment_water_sales_inter_segment_revenues| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $12.47M | $19.55M | $22.78M | $18.82M | $22.27M | $24.43M | $19.21M | $21.73M | $37.65M | $26.42M | $26.40M | $37.13M | $40.65M | $36.21M | $36.74M | $38.81M | $25.58M | $44.58M | $60.73M | $46.86M |
| QoQ Change | — | +56.8% | +16.5% | -17.4% | +18.3% | +9.7% | -21.4% | +13.1% | +73.3% | -29.8% | -0.1% | +40.6% | +9.5% | -10.9% | +1.5% | +5.7% | -34.1% | +74.3% | +36.2% | -22.8% |
| YoY Change | — | — | — | — | +78.6% | +24.9% | -15.7% | +15.5% | +69.0% | +8.2% | +37.5% | +70.9% | +8.0% | +37.0% | +39.1% | +4.5% | -37.1% | +23.1% | +65.3% | +20.7% |