Texas Pacific Land (TPL) Operating Income (2020 - 2026)
Texas Pacific Land's (TPL) quarterly Operating Income came in at $191.8 million in Q2 2026, up 33.44% year-over-year from $143.8 million in Q2 2025, and up 5.2% quarter-over-quarter from $182.3 million in Q1 2026.
Analysis
Texas Pacific Land (TPL) Operating Income (2020 - 2026) Analysis & Trends
Texas Pacific Land (TPL) has reported Operating Income for 7 consecutive years, with $191.8 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Income rose 33.44% year-over-year to $191.8 million in Q2 2026; TTM through Jun 2026 was $672.5 million, a 19.3% increase from a year earlier, with the FY2025 full-year figure at $592.2 million, up 9.83% from the prior year.
- Operating Income was $191.8 million for Q2 2026 at Texas Pacific Land, up from $182.3 million in the prior quarter.
- Over five years, Operating Income peaked at $191.8 million in Q2 2026 and troughed at $105.0 million in Q1 2023.
- A 5-year average of $141.9 million and a median of $139.3 million in 2024 frame the typical range for Operating Income.
- Across the five-year window, Operating Income surged 112.86% in 2022 and fell 21.66% in 2023, its largest moves.
- Over 5 years, Operating Income stood at $124.2 million in 2022, then gained by 7.75% to $133.9 million in 2023, then increased by 6.48% to $142.5 million in 2024, then climbed by 4.7% to $149.2 million in 2025, then increased by 28.52% to $191.8 million in 2026.
- The last three Operating Income figures came in at $191.8 million (Q2 2026), $182.3 million (Q1 2026), and $149.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.25 Bn | 25.00 Bn | - | 191.82 Mn |
| 2 | Eason Technology | 6.05 Bn | 6.05 Bn | - | - |
| 3 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.85 Bn | 2.85 Bn | - | 71.50 Mn |
| 4 | Opendoor Technologies | 2.70 Bn | 1.80 Bn | 86.00 Mn | -144.00 Mn |
| 5 | LandBridge | 2.41 Bn | 2.37 Bn | 65.51 Mn | 44.16 Mn |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | -26.50 Mn |
| 7 | Frp Holdings | 423.91 Mn | 423.91 Mn | - | 1.46 Mn |
| 8 | American Realty Investors | 251.43 Mn | 251.43 Mn | - | -2.55 Mn |
| 9 | Belpointe PREP | 187.01 Mn | 187.01 Mn | - | - |
| 10 | Star Holdings | 114.77 Mn | 79.96 Mn | 5.31 Mn | -16.30 Mn |
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 |