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Texas Pacific Land vs LandBridge: TPL and LB compared
Texas Pacific Land is the larger company: $273M of revenue in its latest quarter (Q3 2026) against $70.9M for LandBridge (Q3 2026). LandBridge is growing faster (+40% against +35% a year earlier). Texas Pacific Land is more profitable, with an operating margin of 76.0% against 68.1%.
Where the money goes: TPL and LB
Texas Pacific Land (TPL) · Q3 2026
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.
LandBridge (LB) · Q3 2026
LandBridge, Q3 2026: revenue $70.9M (+40% year over year), operating margin 68.1%, net earnings $13.0M, operating cash flow $49.6M. The chart follows the revenue to costs, profit and cash.
| Texas Pacific Land (TPL) | LandBridge (LB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $273M | $70.9M |
| Revenue growth, Y/Y | +35% | +40% |
| Operating margin | 76.0% | 68.1% |
| Net earnings | $167M | $13.0M |
| Net margin | 61.2% | 18.3% |
| Operating cash flow | $192M | $49.6M |
| Free cash flow | $178M | $49.0M |
| Market value | $24.2B | $6.6B |
| P/E | 70.3× | 83.6× |
| Analysts’ mean target | $443.00 | $89.57 |
Where the revenue comes from
Texas Pacific Land
- Oil and gas royalties: $167M (61%)
- Produced water royalties: $41.4M (15%)
- Easements and other surface-related income: $36.2M (13%)
- Water sales: $28.4M (10%)
Questions
Which is bigger, Texas Pacific Land or LandBridge?
Texas Pacific Land is the larger company: $273M of revenue in its latest quarter (Q3 2026) against $70.9M for LandBridge (Q3 2026).
Is Texas Pacific Land or LandBridge growing faster?
LandBridge is growing faster (+40% against +35% a year earlier).
Which is more profitable, Texas Pacific Land or LandBridge?
Texas Pacific Land is more profitable, with an operating margin of 76.0% against 68.1%.
More: Texas Pacific Land earnings · how Texas Pacific Land makes money · LandBridge earnings · how LandBridge makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.