Strong Revenue Growth Across Operations
Total revenue grew 20.8% year-over-year from $196.0M to $236.8M in Q1 FY2026, reflecting robust demand for TPL's land and resource management services in the Permian Basin.
Texas Pacific Land Corp is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: TPL delivered strong Q1 FY2026 results with revenue up 20.8% YoY to $236.8M and operating income rising 21.5% to $182.3M, maintaining an exceptional ~77% operating margin.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue grew 20.8% year-over-year from $196.0M to $236.8M in Q1 FY2026, reflecting robust demand for TPL's land and resource management services in the Permian Basin.
Operating margin held steady at approximately 77.0% (vs. 76.6% prior year), demonstrating TPL's highly scalable, low-cost business model with operating income reaching $182.3M.
Total assets grew 29.4% YoY to $1.75B, driven primarily by a $349.7M increase in stockholders' equity to $1.56B, reflecting strong retained earnings accumulation.
Revenue
$236.82M
++20.84% YoY
EPS (Basic)
$2.07
++18.29% YoY
Operating Income
$182.33M
++21.49% YoY
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