Texas Pacific Land (TPL) Tax Rate (2020 - 2026)
Texas Pacific Land (TPL) reported 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 7 years of Tax Rate data on file, last reported at 22.15% in Q1 2026.
- Tax Rate for Q1 2026 came in at 22.15%, up 30.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.22% (down 63.0% YoY), and the FY2025 annual result was 20.05%, down 72.0% from the prior year.
- Tax Rate grew to 22.15% in Q1 2026 per TPL's latest filing, from 14.41% in the prior quarter.
- Over five years, Tax Rate peaked at 22.18% in Q4 2022 and troughed at 14.41% in Q4 2025.
- A 5-year average of 21.01% and a median of 21.62% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2025: Tax Rate surged 673 bps in 2022, then tumbled 415 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 22.18% in 2022, then decreased by 5 bps to 21.1% in 2023, then declined by 12 bps to 18.56% in 2024, then fell by 22 bps to 14.41% in 2025, then jumped 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 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 32.08% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 35.09% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 22.50% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 39.49% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 18.18% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | -24.95% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 21.81% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 41.73% |
| 10 | Texas Pacific Land | 26.33 Bn | 26.08 Bn | - | 22.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.15% |
| Mar 31, 2026 | 22.15% |
| Dec 31, 2025 | 14.41% |
| Dec 31, 2025 | 14.41% |
| Sep 30, 2025 | 21.87% |
| Sep 30, 2025 | 21.87% |
| Jun 30, 2025 | 22.05% |
| Jun 30, 2025 | 22.05% |
| Mar 31, 2025 | 21.85% |
| Mar 31, 2025 | 21.85% |
| Dec 31, 2024 | 18.56% |
| Dec 31, 2024 | 18.56% |
| Sep 30, 2024 | 21.28% |
| Sep 30, 2024 | 21.28% |
| Jun 30, 2024 | 21.75% |
| Jun 30, 2024 | 21.75% |
| Mar 31, 2024 | 21.62% |
| Mar 31, 2024 | 21.62% |
| Dec 31, 2023 | 21.10% |
| Dec 31, 2023 | 21.10% |