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Texas Pacific Land TPL West Texas — Area of land acquired

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Other financials

Income statement

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Revenue$246.1M+31.2%
Operating income$191.8M+33.4%
Net income$153.9M+32.5%
EPS (diluted)$2.23+32.7%

Balance sheet

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Cash & equivalents$248.6M-54.3%
Total debt$18.0M
Total equity$1.7B+29.7%
Total assets$1.9B+32.4%

Cash flow

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Operating cash flow$172.9M+43.0%
CapEx$426.0K
Free cash flow$90.2M

Valuation

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Market cap$24.53B+12.3%
Enterprise value$24.3B
P/E45.3×-2.0×
P/S27.3×-2.1×

Profitability

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Operating margin74.9%-1.0pp
Net margin60.3%-1.8pp
FCF margin58.6%

Returns & leverage

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Return on equity36.6%-0.4pp
Debt / equity
Current ratio4.6×-10.2×

Where this comes from

Reported directly by Texas Pacific Land in its filing.

Tagged under the XBRL concept tpl:AreaOfLandAcquired.

The source filing: Texas Pacific Land’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001811074-26-000058

The Company owns approximately 224,000 NRA as of June 30, 2026. Of our total NRA, approximately 191,000 was acquired in 1888 and was recorded with no value. The remaining approximately 33,000 NRA have been acquired over recent years and are included in royalty interests acquired on the condensed consolidated balance sheets. See additional discussion in Note 3, “Oil and Gas Royalty Interests.”

Item 1. Financial Statements (unaudited)

FAQ

What is Texas Pacific Land's west texas — area of land acquired?
Texas Pacific Land (TPL) reported west texas — area of land acquired of 191K in Q2 2026.
How has Texas Pacific Land's west texas — area of land acquired changed year-over-year?
Texas Pacific Land's west texas — area of land acquired decreased by 0.0% year-over-year, from 191K to 191K.
What does west texas — area of land acquired mean?
This metric measures the total surface acreage added to the company's portfolio within the West Texas region during a specific reporting period. It reflects the company's capital allocation strategy toward expanding its geographic footprint and resource potential. This figure is essential for assessing the company's growth trajectory and its commitment to increasing its land-based revenue streams.

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