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Texas Pacific Land TPL WSO — Operating Income

Other segment segments

LRM
$128.78M+21.5%

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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:OperatingIncomeLoss.

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 — operating income?
Texas Pacific Land (TPL) reported WSO — operating income of $53.55M in Q1 2026.
How has Texas Pacific Land's WSO — operating income changed year-over-year?
Texas Pacific Land's WSO — operating income increased by 21.5% year-over-year, from $44.09M to $53.55M.
What is the long-term trend for Texas Pacific Land's WSO — operating income?
Over 3 years (2022 to 2025), Texas Pacific Land's WSO — operating income has grown at a 24.1% compound annual growth rate (CAGR), from $103.45M to $197.75M.
What does WSO — operating income mean?
Calculated as the segment's total revenue minus its total operating expenses, representing the profit generated from core water service activities. This is the primary measure of the segment's financial performance and its contribution to the company's overall profitability. It excludes non-operating items like interest and taxes.