Texas Pacific Land (TPL) Capital Expenditures (2020 - 2026)
Texas Pacific Land (TPL) posted quarterly Capital Expenditures of $31.4 million for Q3 2025, up 103.86% year-over-year from $15.4 million in Q3 2024, and up 804.91% quarter-over-quarter from -$4.5 million in Q2 2025.
Texas Pacific Land (TPL) Capital Expenditures (2020 - 2026) Analysis & Trends
Texas Pacific Land (TPL) has reported Capital Expenditures for 6 consecutive years, with $31.4 million the latest figure, recorded in Q3 2025.
- In Q3 2025, Capital Expenditures rose 103.86% year-over-year to $31.4 million; the TTM figure through Mar 2026 stood at $27.0 million (down 30.2% YoY), while the FY2025 annual figure was $36.0 million, up 21.06% from the prior year.
- Capital Expenditures rose to $31.4 million in Q3 2025 per TPL's latest filing, from -$4.5 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $31.4 million in Q3 2025 and bottomed at -$5.3 million in Q4 2023.
- Historically, Capital Expenditures has averaged $7.2 million across 5 years, with a median of $4.5 million in 2021.
- Annual changes were most pronounced in 2024 — Capital Expenditures jumped 350.28% — and 2025, when it sank 534.8%.
- Texas Pacific Land's Capital Expenditures stood at $4.5 million in 2021, then jumped by 327.62% to $19.2 million in 2022, then plunged by 127.56% to -$5.3 million in 2023, then jumped by 350.28% to $13.2 million in 2024, then jumped by 137.42% to $31.4 million in 2025.
- Business Quant data shows TPL's Capital Expenditures at $31.4 million in Q3 2025, -$4.5 million in Q2 2025, and $9.0 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 3.02 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | -1.72 Bn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 1.64 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 996.00 Mn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 1.32 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 1.59 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 650.17 Mn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 102.81 Mn |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 753.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 102.81 Mn |
| Jun 30, 2026 | 102.81 Mn |
| Mar 31, 2026 | 7.35 Mn |
| Mar 31, 2026 | 7.35 Mn |
| Dec 31, 2025 | 23.58 Mn |
| Dec 31, 2025 | 23.58 Mn |
| Sep 30, 2025 | 31.45 Mn |
| Sep 30, 2025 | 31.45 Mn |
| Jun 30, 2025 | -4.46 Mn |
| Jun 30, 2025 | -4.46 Mn |
| Mar 31, 2025 | 8.97 Mn |
| Mar 31, 2025 | 8.97 Mn |
| Dec 31, 2024 | 13.25 Mn |
| Dec 31, 2024 | 13.25 Mn |
| Sep 30, 2024 | 15.43 Mn |
| Sep 30, 2024 | 15.43 Mn |
| Jun 30, 2024 | 1.03 Mn |
| Jun 30, 2024 | 1.03 Mn |
| Dec 31, 2023 | -5.29 Mn |
| Dec 31, 2023 | -5.29 Mn |