Texas Pacific Land (TPL) Tax Rate (2020 - 2026)
Texas Pacific Land (TPL) posted quarterly Tax Rate of 22.15% for Q1 2026, up 30.0% year-over-year from 17.04% in Q1 2025, and up 53.76% quarter-over-quarter from 14.41% in Q4 2025.
Texas Pacific Land (TPL) Tax Rate (2020 - 2026) Analysis & Trends
Texas Pacific Land (TPL) has reported Tax Rate for 7 consecutive years, with 22.15% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 30.0% year-over-year to 22.15%; the TTM figure through Mar 2026 stood at 15.09% (down 34.0% YoY), while the FY2025 annual figure was 20.05%, down 72.0% from the prior year.
- Tax Rate improved to 22.15% in Q1 2026 per TPL's latest filing, from 14.41% in the prior quarter.
- Across five years, Tax Rate topped out at 22.18% in Q4 2022 and bottomed at 0.01% in Q2 2023.
- Historically, Tax Rate has averaged 13.44% across 5 years, with a median of 20.82% in 2022.
- Annual changes were most pronounced in 2024 — Tax Rate slumped 2154 bps — and 2025, when it soared 2185 bps.
- Texas Pacific Land's Tax Rate stood at 22.18% in 2022, then declined by 1 bps to 22.06% in 2023, then dropped by 16 bps to 18.56% in 2024, then retreated by 22 bps to 14.41% in 2025, then surged by 54 bps to 22.15% in 2026.
- Business Quant data shows TPL's Tax Rate at 22.15% in Q1 2026, 14.41% in Q4 2025, and 21.87% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 35.37% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 18.22% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 22.15% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 22.01% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 22.36% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 23.37% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 23.18% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 20.53% |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 22.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.53% |
| Jun 30, 2026 | 20.53% |
| Jun 30, 2026 | 20.53% |
| Mar 31, 2026 | 22.15% |
| Mar 31, 2026 | 22.15% |
| Mar 31, 2026 | 22.15% |
| Dec 31, 2025 | 14.41% |
| Dec 31, 2025 | 14.41% |
| Dec 31, 2025 | 14.41% |
| Sep 30, 2025 | 21.87% |
| Sep 30, 2025 | 21.87% |
| Sep 30, 2025 | 21.87% |
| Jun 30, 2025 | 0.01% |
| Jun 30, 2025 | 0.01% |
| Jun 30, 2025 | 0.01% |
| Mar 31, 2025 | 21.85% |
| Mar 31, 2025 | 21.85% |
| Mar 31, 2025 | 21.85% |
| Dec 31, 2024 | 18.56% |
| Dec 31, 2024 | 18.56% |