Texas Pacific Land Corporation Income Statement
TPL / Energy|8 years of annual SEC 10-K data (FY2018-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 8 fiscal years. All figures from audited SEC 10-K filings.
Texas Pacific Land Corporation reported $798M in revenue and $481M in net income for FY2025. Revenue has grown at a 15.0% compound annual rate over the past 7 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 6.29 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 34.8%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $798.2M | $705.8M | $631.6M | $667.4M | $451.0M | $300.2M | $490.5M | $300.2M |
| SG&A Expense | $23.8M | $34.5M | $46.5M | $22.0M | $11.6M | $4.7M | $9.5M | $4.7M |
| Operating Income | $592.2M | $539.1M | $486.1M | $562.3M | $362.4M | $260.8M | $399.6M | $260.8M |
| Income Tax | $129.0M | $124.9M | $111.9M | $122.5M | $93.0M | $52.0M | $83.5M | $52.0M |
| Net Income | $481.4M | $454.0M | $405.6M | $446.4M | $270.0M | $209.7M | $318.7M | $209.7M |
| EPS (Basic) | $5.87 | $19.27 | $34.83 | $22.70 | $41.09 | - | $41.09 | - |
| EPS (Diluted) | $5.86 | $19.26 | $34.83 | $22.70 | $41.09 | $26.93 | $41.09 | - |
| Shares Outstanding | 68.9M | 23.0M | 7.7M | 7.7M | 7.7M | 7.8M | 7.8M | 7.8M |
| Operating Margin | 74.2% | 76.4% | 77.0% | 84.3% | 80.4% | 86.9% | 81.5% | 86.9% |
| Profit Margin | 60.3% | 64.3% | 64.2% | 66.9% | 59.9% | 69.9% | - | - |