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Texas Pacific Land TPL WSO — Net Income

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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

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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:NetIncomeLoss.

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 WSO — net income?
Texas Pacific Land (TPL) reported WSO — net income of $41.98M in Q1 2026.
How has Texas Pacific Land's WSO — net income changed year-over-year?
Texas Pacific Land's WSO — net income increased by 19.6% year-over-year, from $35.11M to $41.98M.
What is the long-term trend for Texas Pacific Land's WSO — net income?
Over 4 years (2021 to 2025), Texas Pacific Land's WSO — net income has grown at a 27.0% compound annual growth rate (CAGR), from $61.08M to $158.96M.
What does WSO — net income mean?
This metric measures the final bottom-line profitability of the water services and operations segment after all operating expenses, interest, and applicable taxes have been deducted. It serves as the primary indicator of the segment's net contribution to the company's overall financial performance.