Texas Pacific Land Corporation
NYSE: TPL · ENERGY · OIL & GAS E&P
Updated 2026-06-05
Texas Pacific Land Corporation (TPL) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $32.47M | $32.66M | $30.79M | $26.79M | $24.99M | $27.43M | $21.19M | $22.36M | $33.10M | $50.44M | $62.45M | $127.46M | $285.07M | $598.18M | $571.63M | $764.06M | $877.43M | $1.16B | $1.25B | $1.62B |
| Cash & equivalents | $8.52M | $10.15M | $9.65M | $8.15M | $7.15M | $13.03M | $8.42M | $13.24M | $26.81M | $45.01M | $49.42M | $79.58M | $119.65M | $303.64M | $281.05M | $428.24M | $510.83M | $725.17M | $369.83M | $144.81M |
| Current assets | $30.48M | $31.46M | $11.89M | $9.85M | $9.45M | $26.18M | $19.91M | $20.85M | $31.77M | $50.05M | $57.18M | $100.10M | $188.29M | $366.64M | $439.78M | $526.51M | $633.40M | $862.46M | $503.37M | $319.32M |
| Total liabilities | $8.03M | $7.77M | $7.26M | $7.08M | $6.69M | $6.89M | $5.59M | $4.43M | $6.38M | $4.75M | $14.83M | $48.27M | $40.38M | $86.04M | $86.45M | $112.35M | $104.54M | $113.20M | $115.56M | $164.37M |
| Current liabilities | $382153.00 | $7.60M | $6.57M | $6.51M | $6.25M | $2.56M | $1.42M | $1.38M | $1.39M | $1.67M | $3.05M | $6.89M | $12.11M | $24.46M | $18.73M | $67.54M | $56.81M | $63.06M | $60.40M | $72.60M |
| Long-term debt | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| Shareholder equity | $24.44M | $24.89M | $23.52M | $19.70M | $18.30M | $20.55M | $15.60M | $17.93M | $26.72M | $45.69M | $47.62M | $79.19M | $244.69M | $512.14M | $485.18M | $651.71M | $772.89M | $1.04B | $1.13B | $1.46B |
| Retained earnings | — | — | — | — | — | $21.38M | $16.55M | $18.55M | $28.07M | $46.94M | $48.58M | $80.00M | $245.77M | $512.14M | $487.88M | $668.03M | $866.14M | $1.17B | $1.28B | $1.60B |
| Accounts receivable | $21.96M | $21.17M | $18.83M | $1.63M | $2.16M | $13.15M | $11.07M | $7.61M | $4.14M | $3.93M | $6.65M | $18.20M | $48.75M | $62.99M | $48.22M | $95.22M | $103.98M | $128.97M | $126.67M | $164.91M |
| Inventory | — | — | $982350.00 | — | $57893.00 | $1.13M | $1.13M | $1.13M | $1.13M | $1.11M | $1.11M | $1.11M | $10.49M | $107.08M | $108.54M | $109.07M | $109.70M | $5.38M | — | — |
| Goodwill | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
Frequently asked questions
What is Texas Pacific Land Corporation's revenue?
Texas Pacific Land Corporation's trailing twelve-month revenue is $839.02M, and consensus projects about $1.99B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is TPL?
In its most recent fiscal year, TPL ran a gross margin of 100.00%, an operating margin of 74.19%, and a net margin of 60.31%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does TPL generate?
TPL produced $486.38M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is TPL's balance sheet healthy?
TPL holds $144.81M in cash and equivalents against — in long-term debt, on $1.46B of shareholder equity. That debt is best read against the cash flow the business throws off each year.