Filing Flows › Texas Pacific Land (TPL) › Operating margin
Texas Pacific Land (TPL) operating margin by quarter
Texas Pacific Land's operating margin was 76.0% in Q3 2026 (third quarter 2026), -2.0 pts from Q2 2026. Over the last 7 quarters it ranged from 70.5% (Q4 2025) to 78.0% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 76.0% | -2.0 pts | +2.6 pts |
| Q2 2026 | 78.0% | +1.0 pts | +1.3 pts |
| Q1 2026 | 77.0% | +6.5 pts | +0.4 pts |
| Q4 2025 | 70.5% | -2.9 pts | — |
| Q3 2025 | 73.4% | -3.2 pts | — |
| Q2 2025 | 76.6% | +0.1 pts | — |
| Q1 2025 | 76.6% | — | — |
Q3 2026 at a glance
Texas Pacific Land, Q3 2026: revenue $273M (+35% year over year), operating margin 76.0%, net earnings $167M, operating cash flow $192M. The chart follows the revenue to costs, profit and cash.
Questions
What is Texas Pacific Land's operating margin?
Texas Pacific Land's operating margin was 76.0% in Q3 2026 (third quarter 2026), -2.0 pts from Q2 2026.
How has Texas Pacific Land's operating margin changed?
Over the last 7 quarters it ranged from 70.5% (Q4 2025) to 78.0% (Q2 2026).