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Texas Pacific Land Corporation revenue

Texas Pacific Land Corporation's revenue was $798m in fiscal 2025, up 13.1% on the year before. Since fiscal 2018 ($300m) it has grown at a compound 15.0% a year. Over the last twelve months it was $898m.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue300490303451667632706798898
Growth on the year before—+63.4%−38.3%+49.0%+48.0%−5.4%+11.8%+13.1%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Oil and Gas Royalties $412M 51.6% ▲ 10.3%
Water Sales and Royalties $170M 21.3% ▲ 12.6%
Produced Water Royalties $124M 15.6% ▲ 19.3%
Easement and Sundry $91.8M 11.5% ▲ 25.3%
Land Sales $819,000 0.1% ▼ 81.3%

From Texas Pacific Land Corporation's 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Oil & Gas Exploration & Production: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Texas Pacific Land Corporation $898m 20.8% 11.3%
Vermilion Energy Inc. $1.26bn 11.9% —
W&T Offshore Inc $601m 20.3% 0.6%
Mach Natural Resources LP $1.35bn 34.4% 14.8%
Magnolia Oil & Gas Corp $1.48bn 11.4% 1.4%
Black Stone Minerals, L.p. $524m 19.8% -10.8%

Compare with peers

Head to head: TPL vs VETTPL vs WTIMNR vs TPL

More: Oil & Gas Exploration & Production stocks compared, Energy sector, rankings of US companies

Figures from Texas Pacific Land Corporation's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Texas Pacific Land Corporation.