Filing Flows › Texas Pacific Land (TPL) › Q2 2026 › vs Q1 2026
Texas Pacific Land (TPL) Q2 2026 vs Q1 2026 (quarter over quarter)
Texas Pacific Land's revenue rose $9.2M (+4%) from $237M in Q1 2026 to $246M in Q2 2026. Operating margin 78.0% against 77.0% (+1.0 pts).
Texas Pacific Land, Q2 2026: revenue $246M (+31% year over year), operating margin 78.0%, net earnings $154M, operating cash flow $173M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 78.0% | 77.0% | +1.0 pts |
| Net margin | 62.6% | 60.3% | +2.2 pts |
| Free cash flow margin | 61.4% | 65.3% | -3.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $246M | $237M | $9.2M | +4% |
| Other income, net | $1.9M | $1.2M | $645K | +52% |
| Operating profit | $192M | $182M | $9.5M | +5% |
| Costs & expenses | $54.2M | $54.5M | −$248K | -0.5% |
| Pre-tax earnings | $194M | $184M | $10.1M | +6% |
| General & admin | $8.0M | $8.6M | −$627K | -7% |
| Other operating costs | $46.2M | $45.9M | $379K | +0.8% |
| Net earnings | $154M | $143M | $11.0M | +8% |
| Income tax | $39.8M | $40.7M | −$894K | -2% |
| Depreciation & amortization | $16.6M | $14.0M | $2.6M | +18% |
| Share-based compensation | $4.4M | $5.1M | −$675K | -13% |
| Working capital & other | $2.1M | $0 | $2.1M | — |
| Operating cash flow | $173M | $162M | $10.9M | +7% |
| Free cash flow (OCF − capex) | $151M | $155M | −$3.7M | -2% |
| Capital expenditures | $21.9M | $7.3M | $14.5M | +197% |
Questions
How much did Texas Pacific Land's revenue grow quarter over quarter in Q2 2026?
Texas Pacific Land's revenue rose $9.2M (+4%) from $237M in Q1 2026 to $246M in Q2 2026. Operating margin 78.0% against 77.0% (+1.0 pts).