Texas Pacific Land (TPL) Net Margin (2019 - 2026)
Texas Pacific Land (TPL) reported Net Margin of 60.34% for Q1 2026, down 122.0% year-over-year from 274.28% in Q1 2025, and down 1.72% quarter-over-quarter from 61.4% in Q4 2025.
Texas Pacific Land (TPL) Net Margin (2019 - 2026) Analysis & Trends
Texas Pacific Land (TPL) has 8 years of Net Margin data on file, last reported at 60.34% in Q1 2026.
- Net Margin for Q1 2026 came in at 60.34%, down 122.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 60.81% (down 307.0% YoY), and the FY2025 annual result was 61.13%, down 384.0% from the prior year.
- Net Margin slipped to 60.34% in Q1 2026 per TPL's latest filing, from 61.4% in the prior quarter.
- Over five years, Net Margin peaked at 68.71% in Q4 2023 and troughed at 59.15% in Q1 2023.
- A 5-year average of 64.06% and a median of 65.31% in 2022 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2023: Net Margin soared 798 bps in 2022, then slumped 730 bps in 2023.
- A 5-year view of Net Margin shows it stood at 65.31% in 2022, then increased by 5 bps to 68.71% in 2023, then declined by 4 bps to 66.19% in 2024, then dropped by 7 bps to 61.4% in 2025, then dropped by 2 bps to 60.34% in 2026.
- Business Quant data shows TPL's Net Margin at 60.34% in Q1 2026, 61.4% in Q4 2025, and 59.7% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 0.01% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 13.85% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 28.61% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 60.71% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 3.40% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 20.73% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 45.99% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | -843.90% |
| 10 | Texas Pacific Land | 26.33 Bn | 26.08 Bn | - | 60.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 60.34% |
| Dec 31, 2025 | 61.40% |
| Sep 30, 2025 | 59.70% |
| Jun 30, 2025 | 61.93% |
| Mar 31, 2025 | 61.56% |
| Dec 31, 2024 | 66.19% |
| Sep 30, 2024 | 61.42% |
| Jun 30, 2024 | 66.49% |
| Mar 31, 2024 | 65.70% |
| Dec 31, 2023 | 68.71% |
| Sep 30, 2023 | 66.83% |
| Jun 30, 2023 | 62.51% |
| Mar 31, 2023 | 59.15% |
| Dec 31, 2022 | 65.31% |
| Sep 30, 2022 | 67.94% |
| Jun 30, 2022 | 67.45% |
| Mar 31, 2022 | 66.45% |
| Dec 31, 2021 | 72.13% |
| Sep 30, 2021 | 67.78% |
| Jun 30, 2021 | 59.47% |