Texas Pacific Land (TPL) Depreciation and Depletion (2020 - 2026)
Texas Pacific Land (TPL) reported Depreciation and Depletion of $17 million for Q3 2026, up 68.3% from $10.1 million a year earlier and up 53.2% from the prior quarter.
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Analysis
Texas Pacific Land (TPL) Depreciation and Depletion (2020 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Texas Pacific Land's Depreciation and Depletion came in at $53.2 million, up 77.3% year-over-year; for FY2025, it came in at $42.7 million, up 214.0% from FY2024.
- Depreciation and Depletion has a five-year compound annual growth rate of 25.3% (FY2020 to FY2025).
- By year, Depreciation and Depletion came in at $13.6 million in FY2024 (+11.5%), $12.2 million in FY2023 (-14.1%), $14.2 million in FY2022 (-4.1%) and $14.8 million in FY2021 (+7.2%).
- The Q3 2026 figure ranks as the highest quarterly Depreciation and Depletion in data going back to Q1 2020.
- Year over year, Depreciation and Depletion has now increased in each of the last nine quarters, with growth averaging 122.0% over the last eight quarters.
- The high point for year-over-year Depreciation and Depletion in five years was Q4 2025 (growth of 323.1%); the low point was Q4 2022 (a decline of 28.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $11.1 million (Q2 2026), $8.6 million (Q1 2026) and $16.5 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 20.13 Bn | 19.12 Bn | 106.12 Mn | 17.00 Mn |
| 2 | LandBridge | 5.63 Bn | 5.99 Bn | 69.80 Mn | - |
| 3 | Howard Hughes Holdings | 4.96 Bn | -3.82 Bn | 435.75 Mn | 42.46 Mn |
| 4 | Millrose Properties | 3.99 Bn | 3.81 Bn | - | - |
| 5 | St Joe | 3.98 Bn | 3.49 Bn | 80.65 Mn | - |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.31 Bn | 2.12 Bn | - | 900,000.00 |
| 7 | EagleRock Land | 2.77 Bn | 4.07 Bn | 39.50 Mn | 3.00 Mn |
| 8 | Forestar | 1.14 Bn | 1.14 Bn | - | - |
| 9 | Opendoor Technologies | 1.11 Bn | -2.66 Bn | 38.00 Mn | - |
| 10 | Five Point Holdings | 664.60 Mn | 682.31 Mn | 7.10 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.00 Mn |
| Jun 30, 2026 | 11.10 Mn |
| Mar 31, 2026 | 8.60 Mn |
| Dec 31, 2025 | 16.50 Mn |
| Sep 30, 2025 | 10.10 Mn |
| Jun 30, 2025 | 8.70 Mn |
| Mar 31, 2025 | 7.30 Mn |
| Dec 31, 2024 | 3.90 Mn |
| Sep 30, 2024 | 3.40 Mn |
| Jun 30, 2024 | 3.20 Mn |
| Mar 31, 2024 | 3.10 Mn |
| Dec 31, 2023 | 2.90 Mn |
| Sep 30, 2023 | 3.00 Mn |
| Jun 30, 2023 | 3.20 Mn |
| Mar 31, 2023 | 3.00 Mn |
| Dec 31, 2022 | 2.80 Mn |
| Sep 30, 2022 | 3.60 Mn |
| Jun 30, 2022 | 3.90 Mn |
| Mar 31, 2022 | 3.80 Mn |
| Dec 31, 2021 | 3.90 Mn |
API Access
Texas Pacific Land Depreciation and Depletion API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=TPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "ticker": "TPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=TPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();