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Texas Pacific Land TPL WSO — Water service-related expenses

Other segment segments

LRM
$0

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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+26.7%
Enterprise value$27.07B
P/E54.2×+7.5×
P/S32.5×+3.5×

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:WaterProductionCosts.

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 — water service-related expenses?
Texas Pacific Land (TPL) reported WSO — water service-related expenses of $14.29M in Q1 2026.
How has Texas Pacific Land's WSO — water service-related expenses changed year-over-year?
Texas Pacific Land's WSO — water service-related expenses increased by 28.4% year-over-year, from $11.13M to $14.29M.
What is the long-term trend for Texas Pacific Land's WSO — water service-related expenses?
Over 3 years (2022 to 2025), Texas Pacific Land's WSO — water service-related expenses has grown at a 45.3% compound annual growth rate (CAGR), from $17.46M to $53.53M.
What does WSO — water service-related expenses mean?
Captures the direct operational costs associated with providing water sourcing, treatment, and disposal services, such as maintenance, utilities, and field supplies. These expenses are directly tied to the volume of water handled and the complexity of the service provided. Monitoring this helps evaluate the direct cost of goods sold for the water segment.