Texas Pacific Land Corporation (TPL) Earnings History
Elite Compounder36 years of earnings data (1990–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Texas Pacific Land Corporation (TPL) Earnings Overview
As of July 8, 2026, Texas Pacific Land Corporation (TPL) reported trailing twelve-month net income of $504M, reflecting +6.0% year-over-year growth. The company earned $7.30 per diluted share over the past four quarters, with a net profit margin of 60.3%.
Looking at the long-term picture, TPL's 5-year EPS compound annual growth rate (CAGR) stands at +22.5%, indicating exceptional earnings growth. The company achieved its highest annual net income of $481M in fiscal 2025, representing a new all-time high.
Texas Pacific Land Corporation maintains industry-leading profitability with a gross margin of 100.0%, operating margin of 74.2%, and net margin of 60.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including VNOM (-$46M net income, -5.1% margin), DMLP ($69M net income, 37.5% margin), BSM ($297M net income, 71.0% margin), TPL has outperformed on profitability metrics. Compare TPL vs VNOM →
TPL Earnings vs Peers
Earnings metrics vs comparable public companies
TPL Historical Earnings Data (1990–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $481M | +6.0% | $592M | $6.97 | 60.3% | 74.2% |
| 2024 | $454M | +11.9% | $539M | $6.57 | 64.3% | 76.4% |
| 2023 | $406M | -9.1% | $486M | $5.86 | 64.2% | 77.0% |
| 2022 | $446M | +65.3% | $562M | $6.42 | 66.9% | 84.3% |
| 2021 | $270M | +53.4% | $362M | $3.87 | 59.9% | 80.4% |
| 2020 | $176M | -44.8% | $217M | $2.52 | 58.2% | 71.8% |
| 2019 | $319M | +52.0% | $402M | $4.57 | 65.0% | 81.9% |
| 2018 | $210M | +174.7% | $261M | $2.99 | 69.9% | 86.9% |
| 2017 | $76M | +105.1% | $120M | $1.38 | 57.7% | 90.5% |
| 2016 | $37M | -25.6% | $55M | $0.59 | 62.2% | 91.9% |
| 2015 | $50M | +43.9% | $75M | $0.68 | 63.0% | 94.8% |
| 2014 | $35M | +27.7% | $51M | $0.46 | 63.0% | 93.1% |
| 2013 | $27M | +38.5% | $40M | $0.35 | 61.7% | 91.0% |
| 2012 | $20M | -4.6% | $29M | $0.73 | 60.3% | 89.9% |
| 2011 | $21M | +82.1% | $31M | $0.25 | 61.6% | 92.0% |
| 2010 | $11M | +63.6% | $16M | $0.13 | 56.4% | 81.7% |
| 2009 | $7M | -36.8% | $10M | $0.08 | 52.8% | 76.4% |
| 2008 | $11M | +32.6% | $16M | $0.12 | 56.7% | 80.7% |
| 2007 | $8M | -28.7% | $12M | $0.09 | 53.3% | 74.4% |
| 2006 | $12M | +35.9% | $16M | $0.12 | 51.5% | 72.6% |
| 2005 | $9M | -51.1% | $12M | $0.09 | 55.2% | 79.0% |
| 2004 | $17M | +226.7% | $26M | $0.18 | 59.8% | 88.4% |
| 2003 | $5M | +8.8% | $8M | $0.05 | 53.6% | 76.3% |
| 2002 | $5M | -28.8% | $7M | $0.05 | 53.7% | 77.8% |
| 2001 | $7M | +83.2% | $10M | $0.06 | 51.3% | 74.8% |
| 2000 | $4M | +27.9% | $5M | $0.03 | 48.2% | 68.5% |
| 1999 | $3M | -51.3% | $4M | $0.02 | 49.6% | 70.9% |
| 1998 | $6M | -10.0% | $9M | $0.05 | 57.6% | 84.4% |
| 1997 | $7M | +57.3% | $10M | $0.05 | 51.3% | 75.2% |
| 1996 | $4M | +28.1% | $6M | $0.03 | 49.7% | 71.5% |
| 1995 | $3M | -33.4% | $5M | $0.02 | 51.7% | 73.8% |
| 1994 | $5M | +194.1% | $10M | $0.04 | 54.9% | 114.3% |
| 1993 | $2M | -15.0% | $6M | $0.01 | 32.1% | 115.1% |
| 1992 | $2M | -13.0% | $5M | $0.01 | 46.5% | 116.3% |
| 1991 | $2M | -17.9% | $6M | $0.01 | 46.9% | 124.5% |
| 1990 | $3M | - | $7M | $0.02 | 50.0% | 119.6% |
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TPL — Frequently Asked Questions
Quick answers to the most common questions about buying TPL stock.
What is TPL earnings per share (EPS)?
TPL trailing twelve-month (TTM) diluted EPS is $7.30, reflecting +6.0% year-over-year growth. The 5-year EPS CAGR is +22.5%. Complete EPS history from 1990 to 2025 is available in the table on this page.
What is Texas Pacific Land Corporation's net income?
Texas Pacific Land Corporation (TPL) trailing twelve-month net income is $504M as of 2025. Earnings grew +6.0% year-over-year. Texas Pacific Land Corporation has been profitable for 36 consecutive years.
Is TPL profitable?
Yes, TPL is profitable with a TTM net income of $504M and a net profit margin of +60.3%. Texas Pacific Land Corporation has generated profits for 36 consecutive years.
What is TPL's earnings growth rate?
TPL compound annual EPS growth rates (CAGR): 1-Year: +6.0%, 3-Year: +2.8%, 5-Year: +22.5%, 10-Year: +26.3%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1990 to 2025.
What are TPL's profit margins?
Texas Pacific Land Corporation net profit margin is +60.3%, operating margin is +74.2%, and gross margin is +100.0%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +37.2%.
Is TPL growing earnings?
TPL is growing earnings steadily. YoY EPS growth of +6.0% is consistent with the 5-year CAGR of +22.5%. TTM net income is $504M.
What was TPL's best earnings year?
Texas Pacific Land Corporation's highest annual net income on record is $481M, achieved in fiscal year 2025. Earnings history on this page spans 1990 to 2025 and includes all annual and quarterly figures.
What were TPL's earnings last quarter?
TPL's most recent reported quarter was Q1 2026. Net income was $143M with diluted EPS of $2.07. For a full breakdown of all quarters, see the quarterly earnings table on this page.