Texas Pacific Land (TPL) Operating Leases (2020 - 2026)
Texas Pacific Land (TPL) recorded Operating Leases of $15.51 million in Q2 2026, down 2.1% from the prior quarter.
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Analysis
Texas Pacific Land (TPL) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025, Texas Pacific Land reported Operating Leases of $16.18 million.
- Annual Operating Leases has a five-year compound annual growth rate of 51.5% (FY2020 to FY2025).
- Across earlier years, Operating Leases came in at $453,000 in FY2024 (-61.3%), $1.17 million in FY2023 (-40.2%), $1.96 million in FY2022 (+35.3%) and $1.45 million in FY2021 (-28.7%).
- The Q2 2026 figure is the lowest quarterly Operating Leases since Q4 2024.
- Per Business Quant, the preceding three quarters came in at $15.84 million (Q1 2026), $16.18 million (Q4 2025) and $16.51 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Texas Pacific Land | 22.67 Bn | 21.49 Bn | - |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - |
| 3 | LandBridge | 6.19 Bn | 6.54 Bn | 65.71 Mn |
| 4 | Millrose Properties | 4.09 Bn | 4.09 Bn | - |
| 5 | St Joe | 3.77 Bn | 3.27 Bn | 73.42 Mn |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - |
| 7 | Opendoor Technologies | 2.30 Bn | -1.52 Bn | 86.00 Mn |
| 8 | Forestar | 1.33 Bn | -18.53 Mn | 84.10 Mn |
| 9 | Five Point Holdings | 699.67 Mn | 728.44 Mn | -23.72 Mn |
| 10 | Tejon Ranch | 441.80 Mn | 376.78 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.51 Mn |
| Mar 31, 2026 | 15.84 Mn |
| Dec 31, 2025 | 16.18 Mn |
| Sep 30, 2025 | 16.51 Mn |
| Dec 31, 2024 | 453,000.00 |
| Dec 31, 2023 | 1.17 Mn |
| Dec 31, 2022 | 1.96 Mn |
| Dec 31, 2021 | 1.45 Mn |
| Dec 31, 2020 | 2.03 Mn |
API Access
Texas Pacific Land Operating Leases 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-leases&ticker=TPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=TPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();