Texas Pacific Land Corporation (TPL) Revenue by Segment

Texas Pacific Land revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Texas Pacific Land's largest business segment was Land and Resource Management, with $163.87 million or 67% of revenue, up 27.5% from a year earlier. Next: Water Service and Operations (33%).

By product or service, Oil and Gas Royalties brought in 59%, Water Sales brought in 16% and Produced Water Royalties brought in 15% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Water Service and Operations (+39.2%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q1 fiscal 2020.

Texas Pacific Land Corporation

TPLFinancial Services

United States

Financial Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Land and Resource ManagementWater Service and Operations

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before	Trend
Land and Resource Management	USD 163.87M	66.6%	+27.5%
Water Service and Operations	USD 82.19M	33.4%	+39.2%

Sum of items USD 246.06M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20
Land and Resource Management	163.9M	153.6M	–	122.3M	128.5M	126.6M	118.6M	106.6M	104.0M	111.5M	116.8M	109.9M	101.3M	104.0M	113.0M	147.2M	133.4M	113.3M	108.6M	86.8M	67.2M	57.8M	53.0M	49.9M	35.6M	56.7M
Water Service and Operations	82.2M	83.3M	–	80.8M	59.0M	69.4M	67.2M	66.9M	68.3M	62.7M	49.8M	48.0M	59.3M	42.3M	39.7M	43.9M	42.9M	34.0M	38.6M	36.9M	28.7M	26.4M	21.3M	24.5M	21.7M	39.9M

Texas Pacific Land revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Land and Resource Management	$163.9M	$153.6M	$122.3M	$128.5M	67%
Water Service and Operations	$82.2M	$83.3M	$80.8M	$59.0M	33%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Texas Pacific Land revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Oil and Gas Royalties	$145.6M	$118.2M	$108.7M	$95.0M	59%
Water Sales	$39.7M	–	–	$25.6M	16%
Produced Water Royalties	$37.1M	$33.5M	$32.3M	$30.7M	15%
Easement and Sundry	$23.7M	$17.3M	$16.7M	$36.2M	10%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Texas Pacific Land's business segments?

Land and Resource Management and Water Service and Operations (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Texas Pacific Land?

Land and Resource Management: $163.87 million, or 67% of revenue, in Q2 fiscal 2026.

What are Texas Pacific Land's main products and services?

By revenue in Q2 fiscal 2026: Oil and Gas Royalties (59%), Water Sales (16%), Produced Water Royalties (15%) and Easement and Sundry (10%).

MoreTexas Pacific Land stock overview Texas Pacific Land financials Texas Pacific Land executive team Texas Pacific Land shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.