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

Texas Pacific Land (TPL) has reported Operating Expenses for 7 consecutive years, with $54.2 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 23.86% year-over-year to $54.2 million in Q2 2026; TTM through Jun 2026 was $225.1 million, a 25.61% increase from a year earlier, with the FY2025 full-year figure at $206.0 million, up 23.6% from the prior year.
• Operating Expenses was $54.2 million for Q2 2026 at Texas Pacific Land, roughly flat from $54.5 million in the prior quarter.
• Over five years, Operating Expenses peaked at $62.3 million in Q4 2025 and troughed at $23.0 million in Q1 2022.
• A 5-year average of $40.7 million and a median of $40.9 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses jumped 79.87% in 2023 and slipped 7.99% in 2024, its largest moves.
• Over 5 years, Operating Expenses stood at $28.5 million in 2022, then increased by 15.17% to $32.8 million in 2023, then surged by 31.85% to $43.2 million in 2024, then surged by 44.16% to $62.3 million in 2025, then fell by 12.98% to $54.2 million in 2026.
• The last three Operating Expenses figures came in at $54.2 million (Q2 2026), $54.5 million (Q1 2026), and $62.3 million (Q4 2025), per Business Quant data.