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.

• Operating Expenses for Q1 2026 came in at $54.5 million, up 18.69% year-over-year; the trailing twelve-month figure through Mar 2026 was $214.6 million (up 22.99% YoY), and the FY2025 annual result was $206.0 million, up 23.6% from the prior year.
• Operating Expenses fell to $54.5 million in Q1 2026 per TPL's latest filing, from $62.3 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 $39.9 million and a median of $40.3 million in 2023 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 79.87% in 2023, then dropped 7.99% in 2024.
• A 5-year view of Operating Expenses shows it stood at $28.5 million in 2022, then rose 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 fell by 12.58% to $54.5 million in 2026.
• Business Quant data shows TPL's Operating Expenses at $54.5 million in Q1 2026, $62.3 million in Q4 2025, and $54.0 million in Q3 2025.