Texas Pacific Land Corporation (TPL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TPL Revenue Growth
Revenue Breakdown (FY 2025)
TPL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
TPL Revenue Analysis (2014–2025)
As of May 8, 2026, Texas Pacific Land Corporation (TPL) generated trailing twelve-month (TTM) revenue of $839.0 million, reflecting exceptional growth of +20.8% year-over-year. The most recent quarter (Q1 2026) recorded $236.8 million in revenue, up 11.9% sequentially.
Looking at the longer-term picture, TPL's 5-year compound annual growth rate (CAGR) stands at +21.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $798.2 million in 2025, representing a new all-time high.
Revenue diversification analysis shows TPL's business is primarily driven by Oil And Gas Royalties (52%), Water Sales And Royalties (21%), and Produced Water Royalties (16%). With over half of revenue concentrated in Oil And Gas Royalties, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including VNOM (+77.8% YoY), DMLP (-3.0% YoY), and BSM (+6.9% YoY), TPL has underperformed the peer group in terms of revenue growth. Compare TPL vs VNOM →
TPL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TPLCurrent | $839M | +20.8% | +21.4% | 74.2% | |
 VNOM | $1.3B | +77.8% | +40.1% | 43.0% | |
 DMLP | $153M | -3.0% | +26.6% | 37.5% | |
 BSM | $422M | +6.9% | +7.3% | 61.8% | |
 NRP | $202M | -19.7% | +9.4% | 68.9% | |
 FANG | $15.0B | +18.3% | +39.8% | 32.7% |
TPL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $798.2M | +13.1% | $798.2M | 100.0% | $592.2M | 74.2% |
| 2024 | $705.8M | +11.8% | $634.5M | 89.9% | $539.1M | 76.4% |
| 2023 | $631.6M | -5.4% | $583.3M | 92.3% | $486.1M | 77.0% |
| 2022 | $667.4M | +48.0% | $634.5M | 95.1% | $562.3M | 84.3% |
| 2021 | $451.0M | +49.1% | $421.5M | 93.5% | $362.4M | 80.4% |
| 2020 | $302.6M | -38.3% | $270.0M | 89.2% | $217.3M | 71.8% |
| 2019 | $490.5M | +63.4% | $460.8M | 93.9% | $401.8M | 81.9% |
| 2018 | $300.2M | +126.9% | $286.5M | 95.4% | $260.8M | 86.9% |
| 2017 | $132.3M | +120.9% | $131.5M | 99.3% | $119.8M | 90.5% |
| 2016 | $59.9M | -24.6% | $59.9M | 99.9% | $55.1M | 91.9% |
Full TPL Stock Analysis
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Start ComparisonTPL — Frequently Asked Questions
Quick answers to the most common questions about buying TPL stock.
Is TPL's revenue growth accelerating or slowing?
TPL revenue is accelerating at +20.8% year-over-year, exceeding the 5-year CAGR of +21.4%. TTM revenue reached $839M. Growth momentum has increased versus prior periods.
What is TPL's long-term revenue growth rate?
Texas Pacific Land Corporation's 5-year revenue CAGR of +21.4% reflects the sustained expansion pattern. Current YoY growth of +20.8% is above this long-term average.
How is TPL's revenue distributed by segment?
TPL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.