| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 247,571 | 144,809 | 531,808 | 543,930 |
| Accounts receivable and accrued receivables, net | 181,053 | 164,905 | 127,786 | 114,314 |
| Prepaid expenses and other current assets | 5,866 | 5,295 | 77,578 | 9,256 |
| Tax like-kind exchange escrow | 595 | 595 | 0 | 0 |
| Prepaid income taxes | 0 | 3,716 | NaN | NaN |
| Total current assets | 435,085 | 319,320 | 737,172 | 667,500 |
| Royalty interests acquired, net | 831,450 | 840,024 | 405,917 | 416,048 |
| Real estate acquired | 179,129 | 179,129 | 179,129 | 147,683 |
| Property, plant and equipment, net | 166,751 | 164,538 | 137,527 | 127,949 |
| Intangible assets, net | 32,260 | 32,846 | 33,431 | 34,017 |
| Land (surface rights)-Land Surface Rights | 0 | 0 | 0 | 0 |
| 1/16th and 1/128th nonparticipating perpetual royalty interests-Royalty Interests In Acres1_16And1_128 | 0 | NaN | NaN | NaN |
| Equity investment | 50,000 | 50,000 | NaN | NaN |
| Financing receivable, net | 19,984 | NaN | NaN | NaN |
| Operating lease right-of-use assets | 13,404 | 13,683 | 14,042 | NaN |
| Other assets | 23,390 | 23,738 | 17,696 | 11,467 |
| Total assets | 1,751,453 | 1,623,278 | 1,524,914 | 1,404,664 |
| Accounts payable and accrued expenses | 40,541 | 39,578 | 38,549 | 26,987 |
| Ad valorem and other taxes payable | 2,945 | 8,912 | 7,527 | 4,958 |
| Income taxes payable | 37,271 | 4,007 | 9,892 | 4,181 |
| Unearned revenue | 22,168 | 20,107 | 11,932 | 9,000 |
| Credit facility | 0 | 0 | NaN | NaN |
| Total current liabilities | 102,925 | 72,604 | 67,900 | 45,126 |
| Deferred taxes payable | 57,691 | 54,107 | 52,505 | 48,730 |
| Unearned revenue - noncurrent | 18,973 | 21,072 | 19,664 | 21,218 |
| Operating lease liabilities | 15,844 | 16,175 | 16,509 | NaN |
| Accrued liabilities - noncurrent | 74 | 413 | 372 | 646 |
| Total liabilities | 195,507 | 164,371 | 156,950 | 115,720 |
| Common stock, 0.01 par value 139,610,808 shares authorized as of march 31, 2026 and december 31, 2025, 68,974,187 and 68,938,230 outstanding as of march 31, 2026 and december 31, 2025, respectively | 691 | 691 | 231 | 231 |
| Treasury stock, at cost 284,041 and 319,998 shares as of march 31, 2026 and december 31, 2025, respectively | 132,908 | 151,242 | 151,242 | 144,727 |
| Additional paid-in capital | 2,909 | 9,906 | 6,610 | 5,433 |
| Accumulated other comprehensive income | 3,791 | 4,150 | 3,465 | 3,505 |
| Retained earnings | 1,681,463 | 1,595,402 | 1,508,900 | 1,424,502 |
| Total equity | 1,555,946 | 1,458,907 | 1,367,964 | 1,288,944 |
| Total liabilities and equity | 1,751,453 | 1,623,278 | 1,524,914 | 1,404,664 |
Texas Pacific Land Corp (TPL)
Texas Pacific Land Corp (TPL)