Texas Pacific Land (TPL) Prepaid Assets (2020 - 2026)
Texas Pacific Land (TPL) recorded Prepaid Assets of $5.06 million in Q2 2026, down 45.3% from $9.26 million a year earlier and down 13.7% from the prior quarter.
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Analysis
Texas Pacific Land (TPL) Prepaid Assets (2020 - 2026) Analysis & Trends
At the end of FY2025, Texas Pacific Land reported Prepaid Assets of $5.3 million, down 0.4% from FY2024.
- Annual Prepaid Assets has a five-year compound annual growth rate of 32.6% (FY2020 to FY2025).
- Across earlier years, Prepaid Assets came in at $5.32 million in FY2024 (+80.6%), $2.94 million in FY2023 (-60.4%), $7.43 million in FY2022 (+143.2%) and $3.05 million in FY2021 (+136.7%).
- The Q2 2026 figure is the lowest quarterly Prepaid Assets since Q1 2025.
- On a year-over-year basis, Prepaid Assets rose in five of the last eight quarters, with growth averaging 137.7%.
- Peak year-over-year performance for Prepaid Assets in the last five years was growth of 848.6% in Q3 2024, against a decline of 60.4% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $5.87 million (Q1 2026), $5.3 million (Q4 2025) and $77.58 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Texas Pacific Land | 19.20 Bn | 18.19 Bn | - |
| 2 | Howard Hughes Holdings | 5.05 Bn | -3.83 Bn | 435.75 Mn |
| 3 | Millrose Properties | 4.42 Bn | 4.24 Bn | - |
| 4 | St Joe | 4.28 Bn | 3.78 Bn | 80.65 Mn |
| 5 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.25 Bn | 2.06 Bn | - |
| 6 | LandBridge | 1.83 Bn | 1.70 Bn | 65.71 Mn |
| 7 | Opendoor Technologies | 1.33 Bn | -2.44 Bn | 38.00 Mn |
| 8 | Forestar | 1.23 Bn | -117.25 Mn | 84.10 Mn |
| 9 | Tejon Ranch | 482.31 Mn | 414.19 Mn | - |
| 10 | Frp Holdings | 377.27 Mn | -71.77 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.28 Mn |
| Jun 30, 2026 | 5.06 Mn |
| Mar 31, 2026 | 5.87 Mn |
| Dec 31, 2025 | 5.30 Mn |
| Sep 30, 2025 | 77.58 Mn |
| Jun 30, 2025 | 9.26 Mn |
| Mar 31, 2025 | 4.87 Mn |
| Dec 31, 2024 | 5.32 Mn |
| Sep 30, 2024 | 48.43 Mn |
| Jun 30, 2024 | 3.88 Mn |
| Mar 31, 2024 | 4.92 Mn |
| Dec 31, 2023 | 2.94 Mn |
| Sep 30, 2023 | 5.11 Mn |
| Jun 30, 2023 | 5.31 Mn |
| Mar 31, 2023 | 7.59 Mn |
| Dec 31, 2022 | 7.43 Mn |
| Sep 30, 2022 | 2.94 Mn |
| Jun 30, 2022 | 1.73 Mn |
| Mar 31, 2022 | 2.53 Mn |
| Dec 31, 2021 | 3.05 Mn |
API Access
Texas Pacific Land Prepaid Assets 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=prepaid-assets&ticker=TPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "prepaid-assets", "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=prepaid-assets&ticker=TPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();