Texas Pacific Land Corp
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
TPL$274.63-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets – December 31, 2025 and
| December 31,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $144,809 | $369,835 |
| Accounts receivable and accrued receivables, net | 164,905 | 126,670 |
| Prepaid expenses and other current assets | 5,295 | 5,318 |
| Tax like-kind exchange escrow | 595 | 1,546 |
| Prepaid income taxes | 3,716 | — |
| Total current assets | 319,320 | 503,369 |
| Royalty interests acquired, net | 840,024 | 432,401 |
| Real estate acquired | 179,129 | 143,178 |
| Property, plant and equipment, net | 164,538 | 122,578 |
| Intangible assets, net | 32,846 | 35,188 |
| Real estate and royalty interests assigned through the Declaration of Trust, no value assigned: | ||
| Land (surface rights) | — | — |
| 1/16th and 1/128th nonparticipating perpetual royalty interests | — | — |
| Equity investment | 50,000 | — |
| Operating lease right-of-use assets | 13,683 | 1,163 |
| Other assets | 23,738 | 10,143 |
| Total assets | $1,623,278 | $1,248,020 |
| LIABILITIES AND EQUITY | ||
| Accounts payable and accrued expenses | $39,578 | $26,958 |
| Ad valorem and other taxes payable | 8,912 | 8,418 |
| Income taxes payable | 4,007 | 4,388 |
| Unearned revenue | 20,107 | 6,797 |
| Credit facility | — | — |
| Total current liabilities | 72,604 | 46,561 |
| Deferred taxes payable | 54,107 | 47,401 |
| Unearned revenue - noncurrent | 21,072 | 20,636 |
| Operating lease liabilities | 16,175 | 453 |
| Accrued liabilities - noncurrent | 413 | 504 |
| Total liabilities | 164,371 | 115,555 |
| Commitments and contingencies (Note 14) | — | — |
| Equity: | ||
| Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of December 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.01 par value; 139,610,808 shares authorized as of December 31, 2025 and December 31, 2024, 68,938,230 and 68,915,409 outstanding as of December 31, 2025 and December 31, 2024, respectively | 691 | 231 |
| Treasury stock, at cost; 319,998 and 342,819 shares as of December 31, 2025 and December 31, 2024, respectively | (151,242) | (168,843) |
| Additional paid-in capital | 9,906 | 19,900 |
| Accumulated other comprehensive income | 4,150 | 3,583 |
| Retained earnings | 1,595,402 | 1,277,594 |
| Total equity | 1,458,907 | 1,132,465 |
| Total liabilities and equity | $1,623,278 | $1,248,020 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.