TPL Texas Pacific Land Corporation

Q3 2025 10-Q

Filed: Nov 5, 2025Period ending Sep 30, 2025

Financials

Oil Royalty TradersSEC EDGAR

Texas Pacific Land Corporation (TPL) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $203.1M for Q3 2025, up $29.5M (17%) YoY from $173.6M in Q3 2024
• Net income $121.2M for Q3 2025 vs $106.6M YoY; operating margin approx. 73.4% (Operating income $149.1M/$203.1M) vs 73.3% YoY

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Risk Factors

• No material changes in risk factors since 2024 Annual Report
• Significant carried-forward risk: commodity price volatility impacting revenue and cash flow

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Quarterly Financial Summary
XBRL

Revenue

$203M

▲ +17.0% YoY▲ +8.3% QoQ

Net Income

$121M

▲ +13.7% YoY▲ +4.4% QoQ

Net Margin

59.7%

▼ -172bp YoY▼ -223bp QoQ

Source: XBRL data from Texas Pacific Land Corporation Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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