TEXAS PACIFIC LAND CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures adjusted for later stock splits (split ratios inferred from EPS restated in later SEC filings).
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | – | – |
| Stockholders' equity | 1,459 | 100.0 |
| Total capitalization | 1,459 | 100.0 |
68,974,683 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 5 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Not tagged in XBRL |
CAPITAL STOCK 12/31/25
| Common shares authorized | 139,610,808 |
| Treasury shares | 319,998 |
| Par or stated value per share ($) | 0.01 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/31/26 | 68,974,683 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 2.13 | 30.6 |
| 2024 | – | – |
| 2023 | 1.44 | 24.6 |
| 2022 | – | – |
| 2021 | 1.22 | 31.6 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 6792, Oil Royalty Traders. Large accelerated filer. Principal executive office: 2699 Howell Street, Suite 800, Dallas, TX 75204. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Income before income taxes | 610 | 579 | 518 |
| Income taxes | 129 | 125 | 112 |
| Net income | 481 | 454 | 406 |
| Earned per share, diluted ($) | 6.97 | 6.57 | 5.86 |
| Dividends per share ($) | 2.13 | – | 1.44 |
CONSOLIDATED STATEMENT OF CONDITION
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Total assets | 1,623 | 1,248 |
| Total liabilities | 164 | 116 |
| Stockholders' equity | 1,459 | 1,132 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 798 | 592 | 481 | 60.3 | 6.97 | 2.13 | 546 | – | – | 1,623 | 164 | – | 1,459 | 33.0 | – |
| 12/31/24 | 706 | 539 | 454 | 64.3 | 6.57 | – | 491 | – | – | 1,248 | 116 | – | 1,132 | 40.1 | – |
| 12/31/23 | 632 | 486 | 406 | 64.2 | 5.86 | 1.44 | 418 | – | – | 1,156 | 113 | – | 1,043 | 38.9 | – |
| 12/31/22 | 667 | 562 | 446 | 66.9 | 6.42 | – | 447 | 19 | 428 | 877 | 105 | – | 773 | 57.8 | – |
| 12/31/21 | 451 | 362 | 270 | 59.9 | 3.87 | 1.22 | 265 | 16 | 249 | 764 | 112 | – | 652 | 41.4 | – |
| 12/31/20 | 303 | 217 | 176 | 58.2 | 2.52 | 1.11 | 207 | 5 | 202 | 572 | 86 | – | 485 | 36.3 | – |
| 12/31/19 | 490 | 400 | 319 | 65.0 | 4.57 | 0.19 | 343 | 32 | 311 | 598 | 86 | – | 512 | 62.2 | – |
| 12/31/18 | 300 | 261 | 210 | 69.9 | 2.99 | – | 195 | 48 | 148 | – | – | – | 245 | 85.7 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Texas Pacific Land Corp
CIK 1811074 · EIN 75-0279735
PRINCIPAL OFFICE:
2699 Howell Street, Suite 800, Dallas, TX 75204
Tel.: 214-969-5530
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
6792 · Oil Royalty Traders
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 18 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/18/26) · 10-K FY2024 (filed 2/19/25) · 10-K FY2023 (filed 2/21/24) · 10-K FY2022 (filed 2/22/23) · 10-K FY2021 (filed 2/23/22) · 10-K FY2020 (filed 2/25/21). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.