TPL · XBRL financial data
Texas Pacific Land financial statements, every quarter
The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal quarters (TPL's year ends in late December)
| In millions of dollars | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 158 | 167* | 174 | 172 | 174 | 186* | 196 | 188 | 203 | 212* | 237 | 246 |
| General and administrative | 4 | 4* | 5 | 4 | 4 | 22* | 6 | 6 | 6 | 6* | 9 | 8 |
| Operating income (loss) | 127 | 134* | 136 | 133 | 127 | 143* | 150 | 144 | 149 | 149* | 182 | 192 |
| Interest expense | — | year only | — | — | — | year only | 0 | 0 | — | year only | 1 | 1 |
| Other income (expense) | 0 | 2* | 0 | 2 | 0 | (0)* | — | 0 | (0) | 0* | — | 0 |
| Income tax expense (benefit) | 29 | 32* | 32 | 32 | 29 | 33* | 34 | 33 | 34 | 28* | 41 | 40 |
| Net income (loss) | 106 | 113* | 114 | 115 | 107 | 118* | 121 | 116 | 121 | 123* | 143 | 154 |
| Earnings per share, basic‡ USD per share | 1.53 | 1.64* | 1.66 | 1.66 | 1.55 | 1.72* | 1.75 | 1.68 | 1.76 | 1.79* | 2.07 | 2.23 |
| Earnings per share, diluted‡ USD per share | 1.53 | 1.64* | 1.66 | 1.66 | 1.54 | 1.71* | 1.75 | 1.68 | 1.76 | 1.79* | 2.07 | 2.23 |
| Weighted average shares, basic‡ millions of shares | 69 | 69* | 69 | 69 | 69 | 69* | 69 | 69 | 69 | 69* | 69 | 69 |
| Weighted average shares, diluted‡ millions of shares | 69 | 69* | 69 | 69 | 69 | 69* | 69 | 69 | 69 | 69* | 69 | 69 |
- ‡ Per-share figures and share counts are adjusted for the 3-for-1 stock split (March 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 3-for-1 stock split (December 2025); filings made before it reported them unadjusted.
Balance sheet
CSVFiscal quarters (TPL's year ends in late December)
| In millions of dollars | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | 654 | 725 | 837 | 895 | 534 | 370 | 460 | 544 | 532 | 145 | 248 | 249 |
| Prepaid and other current assets | 5 | 3 | 5 | 4 | 48 | 5 | 5 | 9 | 78 | 5 | 6 | 5 |
| Total current assets | 791 | 862 | 964 | 1,018 | 709 | 503 | 607 | 668 | 737 | 319 | 435 | 428 |
| Property and equipment, net | 87 | 90 | 92 | 96 | 119 | 123 | 128 | 128 | 138 | 165 | 167 | 183 |
| Right-of-use asset | — | 2 | — | — | — | 1 | — | — | 14 | 14 | 13 | 13 |
| Total assets | 1,079 | 1,156 | 1,259 | 1,316 | 1,176 | 1,248 | 1,353 | 1,405 | 1,525 | 1,623 | 1,751 | 1,859 |
| Total current liabilities | 47 | 44 | 71 | 44 | 57 | 47 | 78 | 45 | 68 | 73 | 103 | 94 |
| Lease liability, non-current | — | 1 | — | — | — | 0 | — | — | 17 | 16 | 16 | 16 |
| Total liabilities | 115 | 113 | 137 | 109 | 123 | 116 | 147 | 116 | 157 | 164 | 196 | 187 |
| Retained earnings | 1,084 | 1,172 | 1,259 | 1,347 | 1,196 | 1,278 | 1,345 | 1,425 | 1,509 | 1,595 | 1,681 | 1,794 |
| Total stockholders' equity | 965 | 1,043 | 1,122 | 1,206 | 1,052 | 1,132 | 1,206 | 1,289 | 1,368 | 1,459 | 1,556 | 1,672 |
| Total liabilities and equity | 1,079 | 1,156 | 1,259 | 1,316 | 1,176 | 1,248 | 1,353 | 1,405 | 1,525 | 1,623 | 1,751 | 1,859 |
| Common shares outstanding (cover page)‡ millions of shares | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 |
- ‡ Per-share figures and share counts are adjusted for the 3-for-1 stock split (March 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 3-for-1 stock split (December 2025); filings made before it reported them unadjusted.
Cash flows
CSVFiscal quarters (TPL's year ends in late December)
| In millions of dollars | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | 106 | 113* | 114 | 115 | 107 | 118* | 121 | 116 | 121 | 123* | 143 | 154 |
| Stock-based compensation | 3* | 2* | 3 | 3* | 3* | 4* | 4 | 3* | 3* | 4* | 5 | 4* |
| Depreciation and amortization | 4 | 4* | 4 | 4 | 6 | 11* | 12 | 14 | 15 | 22* | 14 | 17 |
| Net cash from operating activities | 108* | 111* | 147 | 98* | 119* | 127* | 157 | 121* | 155* | 114* | 162 | 173* |
| Purchases of property and equipment | 5 | — | — | — | — | — | — | — | — | — | — | — |
| Net cash from investing activities | (28)* | (4)* | (2) | (7)* | (216)* | (246)* | (13) | (4)* | (121)* | (458)* | (8) | (131)* |
| Share repurchases | 6* | 10* | 10 | 6* | 6* | 6* | 0 | 0* | 8* | 0* | 0 | 0* |
| Dividends paid | 25* | 25* | 27 | 27* | 257* | 37* | 37 | 37* | 37* | 37* | 42 | 41* |
| Net cash from financing activities | (31)* | (36)* | (38) | (33)* | (263)* | (43)* | (52) | (37)* | (46)* | (42)* | (51) | (41)* |
| Net change in cash | 48* | 71* | 107 | 58* | (361)* | (163)* | 92 | 80* | (12)* | (386)* | 103 | 0* |
Compare with peers
SIC 6792 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6792 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Texas Pacific Land | 249 | 246 | 173* | 69.0M | 10-QJun 30, 2026 |
| Weyerhaeuser | 349 | 1,862 | 193* | 720.3M | 10-QSep 30, 2026 |
| Janus Living | 338 | 268 | 112* | not reported | 10-QSep 30, 2026 |
| Essex Property Trust | 72 | 2.3 | not reported | 64.3M | 10-QSep 30, 2026 |
| Empire State Realty OP | 86 | 197 | 20* | not reported | 10-QJun 30, 2026 |
| Sba Communications | 327 | 715 | 407* | 106.1M | 10-QJun 30, 2026 |
| Sun Communities | 699 | 558 | 155* | 119.4M | 10-QSep 30, 2026 |
| Potlatchdeltic | 89 | 314 | 66* | 77.3M | 10-QSep 30, 2025 |
| Vivmark Residential | 36 | not reported | 302* | 374.9M | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.