Texas Pacific Land (TPL) Operating Income (2020 - 2026)
Texas Pacific Land (TPL) posted Operating Income of $191.82 million for Q2 2026, up 33.4% from $143.75 million a year earlier and up 5.2% from the prior quarter.
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Analysis
Texas Pacific Land (TPL) Operating Income (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Income at Texas Pacific Land was $672.48 million, up 19.3% year-over-year; for FY2025, it came in at $592.16 million, up 9.8% from FY2024.
- Annual Operating Income shows a five-year compound annual growth rate of 22.2% (FY2020 to FY2025).
- In prior years, Texas Pacific Land's Operating Income was $539.14 million in FY2024 (+10.9%), $486.05 million in FY2023 (-13.6%), $562.31 million in FY2022 (+55.2%) and $362.39 million in FY2021 (+66.8%).
- The Q2 2026 figure stands as the highest quarterly Operating Income in data going back to Q1 2020.
- On a year-over-year basis, Operating Income has increased in each of the last 11 quarters, with growth averaging 12.7% over the last eight quarters.
- The strongest year-over-year quarter for Operating Income in the past five years was Q4 2021, with growth of 127.9%; the weakest was Q3 2023, with a decline of 21.7%.
- According to Business Quant data, Operating Income for the three prior quarters was $182.33 million (Q1 2026), $149.25 million (Q4 2025) and $149.09 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 22.67 Bn | 21.49 Bn | - | 191.82 Mn |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.19 Bn | 6.54 Bn | 65.71 Mn | 44.16 Mn |
| 4 | Millrose Properties | 4.09 Bn | 4.09 Bn | - | 167.63 Mn |
| 5 | St Joe | 3.77 Bn | 3.27 Bn | 73.42 Mn | 54.77 Mn |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 71.50 Mn |
| 7 | Opendoor Technologies | 2.30 Bn | -1.52 Bn | 86.00 Mn | -144.00 Mn |
| 8 | Forestar | 1.33 Bn | -18.53 Mn | 84.10 Mn | 45.80 Mn |
| 9 | Five Point Holdings | 699.67 Mn | 728.44 Mn | -23.72 Mn | -45.21 Mn |
| 10 | Tejon Ranch | 441.80 Mn | 376.78 Mn | - | 348,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 191.82 Mn |
| Mar 31, 2026 | 182.33 Mn |
| Dec 31, 2025 | 149.25 Mn |
| Sep 30, 2025 | 149.09 Mn |
| Jun 30, 2025 | 143.75 Mn |
| Mar 31, 2025 | 150.07 Mn |
| Dec 31, 2024 | 142.54 Mn |
| Sep 30, 2024 | 127.33 Mn |
| Jun 30, 2024 | 133.22 Mn |
| Mar 31, 2024 | 136.04 Mn |
| Dec 31, 2023 | 133.86 Mn |
| Sep 30, 2023 | 126.96 Mn |
| Jun 30, 2023 | 120.28 Mn |
| Mar 31, 2023 | 104.95 Mn |
| Dec 31, 2022 | 124.23 Mn |
| Sep 30, 2022 | 162.06 Mn |
| Jun 30, 2022 | 151.71 Mn |
| Mar 31, 2022 | 124.31 Mn |
| Dec 31, 2021 | 125.86 Mn |
| Sep 30, 2021 | 103.24 Mn |
API Access
Texas Pacific Land Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=TPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "TPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=TPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();