Texas Pacific Land Corporation (TPL) FY2025 10-K Annual Report

Filed: Feb 18, 2026
Financials
Oil Royalty TradersSEC EDGAR

Texas Pacific Land Corporation (TPL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Texas Pacific Land Corporation FY2025 10-K Analysis

Business Overview

  • Core business model: Landowner in Texas Permian Basin generating revenue from oil and gas royalties, water sales, produced water royalties, easements, and land sales
  • New strategic minority equity investment $50M in Bolt Data & Energy, Inc. for data center and energy infrastructure projects
+3 more insights

Management Discussion & Analysis

  • No revenue, profitability, segment, or cash flow data disclosed in provided section
  • Focus on executive compensation design, objectives, and benchmarking with 2025 base salaries: Glover $850K, Steddum $545K, Dobbs $455K
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Risk Factors

  • Regulatory risk: Alignment with NIST Cybersecurity Framework and oversight by Audit Committee with certified cybersecurity expert member
  • Geopolitical/macroeconomic: Exposure to emerging threats including generative AI and machine learning vulnerabilities
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Texas Pacific Land Corporation FY2025 Key Financial Metrics
XBRL

Revenue

$798M

+13.1% YoY

Net Income

$481M

+6.0% YoY

Operating Margin

74.2%

-220bp YoY

Net Margin

60.3%

-401bp YoY

ROE

33.0%

-709bp YoY

Total Assets

$1.6B

+30.1% YoY

EPS (Diluted)

$6.97

-64.7% YoY

Operating Cash Flow

$546M

+11.3% YoY

Source: XBRL data from Texas Pacific Land Corporation FY2025 10-K filing on SEC EDGAR. All figures in USD.

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