Texas Pacific Land (TPL) Net Margin (2019 - 2026)
Texas Pacific Land (TPL) posted quarterly 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 reported Net Margin for 8 consecutive years, with 60.34% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 122.0% year-over-year to 60.34%; the TTM figure through Mar 2026 stood at 64.72% (down 353.0% YoY), while the FY2025 annual figure was 61.13%, down 384.0% from the prior year.
- Net Margin fell to 60.34% in Q1 2026 per TPL's latest filing, from 61.4% in the prior quarter.
- Across five years, Net Margin topped out at 86.42% in Q2 2022 and bottomed at 59.15% in Q1 2023.
- Historically, Net Margin has averaged 70.35% across 5 years, with a median of 66.83% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin jumped 2696 bps — and 2023, when it sank 2528 bps.
- Texas Pacific Land's Net Margin stood at 65.31% in 2022, then climbed by 4 bps to 67.87% in 2023, then dropped by 2 bps to 66.19% in 2024, then declined by 7 bps to 61.4% in 2025, then declined 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 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 20.14% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 0.01% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 31.60% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 36.95% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 22.14% |
| 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 | 34.80% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 15.55% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 62.56% |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 17.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 62.56% |
| Mar 31, 2026 | 60.34% |
| Dec 31, 2025 | 61.40% |
| Sep 30, 2025 | 59.70% |
| Jun 30, 2025 | 79.44% |
| Mar 31, 2025 | 61.56% |
| Dec 31, 2024 | 66.19% |
| Sep 30, 2024 | 61.42% |
| Jun 30, 2024 | 84.97% |
| Mar 31, 2024 | 83.83% |
| Dec 31, 2023 | 67.87% |
| Sep 30, 2023 | 66.83% |
| Jun 30, 2023 | 79.17% |
| Mar 31, 2023 | 59.15% |
| Dec 31, 2022 | 65.31% |
| Sep 30, 2022 | 67.94% |
| Jun 30, 2022 | 86.42% |
| Mar 31, 2022 | 84.42% |
| Dec 31, 2021 | 72.13% |
| Sep 30, 2021 | 67.78% |