Texas Pacific Land vs W&T Offshore
Texas Pacific Land is the larger business, with $798m of revenue in fiscal 2025 against $501m for W&T Offshore (1.6 times as much). Texas Pacific Land grew faster (13.1% against -4.5%). Texas Pacific Land kept more of each dollar of sales as profit: a net margin of 60.3% against -29.9%.
| Latest fiscal year | Texas Pacific LandTPL, 2025 | W&T OffshoreWTI, 2025 |
|---|---|---|
| Revenue | $798m | $501m |
| Revenue growth | 13.1% | -4.5% |
| Net income | $481m | −$150m |
| Operating margin | 74.2% | -10.5% |
| Net margin | 60.3% | -29.9% |
| Return on equity | 37.2% | — |
| Free cash flow | $546m | $76.5m |
| Cash | $145m | $141m |
| Total debt | $0 | $359m |
| Debt to equity | 0.0% | — |
| Dividend per share | $2.13 | — |
| Dividend yield | 0.7% | 1.1% |
| Share buybacks | $8.4m | — |
| Employees | 114 | 370 |
| Market value | $22.85bn | $539m |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 100 (Strong) | 51 (Moderate) |
| Insider trades, 12 months | 230 buys, 5 sales | 0 buys, 8 sales |