Texas Pacific Land (TPL) EBT Margin (2019 - 2026)
Texas Pacific Land (TPL) posted quarterly EBT Margin of 77.51% for Q1 2026, down 127.0% year-over-year from 287.08% in Q1 2025, and up 8.06% quarter-over-quarter from 71.73% in Q4 2025.
Texas Pacific Land (TPL) EBT Margin (2019 - 2026) Analysis & Trends
Texas Pacific Land (TPL) has reported EBT Margin for 8 consecutive years, with 77.51% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT Margin fell 127.0% year-over-year to 77.51%; the TTM figure through Mar 2026 stood at 76.22% (down 448.0% YoY), while the FY2025 annual figure was 76.46%, down 554.0% from the prior year.
- EBT Margin rose to 77.51% in Q1 2026 per TPL's latest filing, from 71.73% in the prior quarter.
- Across five years, EBT Margin topped out at 87.08% in Q4 2023 and bottomed at 71.73% in Q4 2025.
- Historically, EBT Margin has averaged 81.15% across 5 years, with a median of 81.27% in 2024.
- Annual changes were most pronounced in 2022 — EBT Margin soared 1171 bps — and 2025, when it plunged 954 bps.
- Texas Pacific Land's EBT Margin stood at 83.92% in 2022, then climbed by 4 bps to 87.08% in 2023, then dropped by 7 bps to 81.27% in 2024, then retreated by 12 bps to 71.73% in 2025, then increased by 8 bps to 77.51% in 2026.
- Business Quant data shows TPL's EBT Margin at 77.51% in Q1 2026, 71.73% in Q4 2025, and 76.41% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 31.15% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 34.20% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 40.59% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 47.38% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 28.52% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 32.93% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 48.54% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 20.24% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 78.72% |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 22.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 78.72% |
| Mar 31, 2026 | 77.51% |
| Dec 31, 2025 | 71.73% |
| Sep 30, 2025 | 76.41% |
| Jun 30, 2025 | 79.44% |
| Mar 31, 2025 | 78.78% |
| Dec 31, 2024 | 81.27% |
| Sep 30, 2024 | 78.02% |
| Jun 30, 2024 | 84.98% |
| Mar 31, 2024 | 83.83% |
| Dec 31, 2023 | 87.08% |
| Sep 30, 2023 | 85.42% |
| Jun 30, 2023 | 79.17% |
| Mar 31, 2023 | 75.39% |
| Dec 31, 2022 | 83.92% |
| Sep 30, 2022 | 85.80% |
| Jun 30, 2022 | 86.42% |
| Mar 31, 2022 | 84.43% |
| Dec 31, 2021 | 85.31% |
| Sep 30, 2021 | 83.88% |