Texas Pacific Land (TPL) Operating Expenses (2020 - 2026)

Texas Pacific Land (TPL) has 7 years of Operating Expenses data on file, last reported at $54.5 million in Q1 2026.

• On a quarterly basis, Operating Expenses rose 18.69% year-over-year to $54.5 million in Q1 2026; TTM through Mar 2026 was $214.6 million, a 22.99% increase from a year earlier, with the FY2025 full-year figure at $206.0 million, up 23.6% from the prior year.
• Operating Expenses for Q1 2026 stood at $54.5 million, down from $62.3 million in the prior quarter.
• Over the last five years, Operating Expenses for TPL reached as high as $62.3 million in Q4 2025 and fell as low as $23.0 million in Q1 2022.
• Historically, Operating Expenses has averaged $39.9 million across 5 years, with a median of $40.3 million in 2023.
• Across the five-year window, Operating Expenses soared 79.87% in 2023 and decreased 7.99% in 2024, its largest moves.
• Year by year, Operating Expenses stood at $28.5 million in 2022, then climbed by 15.17% to $32.8 million in 2023, then soared by 31.85% to $43.2 million in 2024, then soared by 44.16% to $62.3 million in 2025, then slipped by 12.58% to $54.5 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $54.5 million in Q1 2026, $62.3 million in Q4 2025, and $54.0 million in Q3 2025.