Texas Pacific Land (TPL) Return on Capital Employed (2021 - 2026)
Texas Pacific Land (TPL) posted quarterly Return on Capital Employed of 39.41% for Q1 2026, down 583.0% year-over-year from 8.16% in Q1 2025, and little changed quarter-over-quarter from 39.44% in Q4 2025.
Texas Pacific Land (TPL) Return on Capital Employed (2021 - 2026) Analysis & Trends
Texas Pacific Land (TPL) has reported Return on Capital Employed for 6 consecutive years, with 39.41% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed fell 583.0% year-over-year to 39.41%; the TTM figure through Mar 2026 stood at 39.41% (down 583.0% YoY), while the FY2025 annual figure was 43.44%, down 321.0% from the prior year.
- Return on Capital Employed was little changed at 39.41% in Q1 2026 per TPL's latest filing, from 39.44% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 74.87% in Q3 2022 and bottomed at 39.41% in Q1 2026.
- Historically, Return on Capital Employed has averaged 51.0% across 5 years, with a median of 45.49% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed jumped 2897 bps — and 2023, when it slumped 2689 bps.
- Texas Pacific Land's Return on Capital Employed stood at 69.11% in 2022, then plunged by 34 bps to 45.28% in 2023, then grew by 2 bps to 46.27% in 2024, then slipped by 15 bps to 39.44% in 2025, then slipped by 0 bps to 39.41% in 2026.
- Business Quant data shows TPL's Return on Capital Employed at 39.41% in Q1 2026, 39.44% in Q4 2025, and 41.91% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 28.17% |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 18.27% |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 1.68% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 9.42% |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 5.58% |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 10.19% |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 39.30% |
| 10 | Expand Energy | 22.89 Bn | 21.63 Bn | 2.33 Bn | 14.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.30% |
| Mar 31, 2026 | 39.41% |
| Dec 31, 2025 | 39.44% |
| Sep 30, 2025 | 41.91% |
| Jun 30, 2025 | 42.26% |
| Mar 31, 2025 | 45.24% |
| Dec 31, 2024 | 46.27% |
| Sep 30, 2024 | 44.64% |
| Jun 30, 2024 | 42.64% |
| Mar 31, 2024 | 45.49% |
| Dec 31, 2023 | 45.28% |
| Sep 30, 2023 | 47.98% |
| Jun 30, 2023 | 54.80% |
| Mar 31, 2023 | 63.48% |
| Dec 31, 2022 | 69.11% |
| Sep 30, 2022 | 74.87% |
| Jun 30, 2022 | 67.03% |
| Mar 31, 2022 | 57.16% |
| Dec 31, 2021 | 53.38% |
| Sep 30, 2021 | 45.90% |