Texas Pacific Land (TPL) Revenue — Quarter Ended Sep 30, 2025
Revenue increased compared to the prior quarter and the same quarter a year ago. The year-over-year growth was stronger than the sequential increase.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue increased compared to the prior quarter and the same quarter a year ago. The year-over-year growth was stronger than the sequential increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$203.1M
Revenue reported for this quarter.
Quarter-over-quarter
+8.3%
Change from the immediately preceding quarter.
Year-over-year
+17.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$772.4M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $185.8M | +11.5% |
| Mar 31, 2025 | $196M | +12.5% |
| Jun 30, 2025 | $187.5M | +8.8% |
| Sep 30, 2025 | $203.1M | +17.0% |
Revenue performance
Revenue rose sequentially, continuing the upward trend observed in recent quarters. The year-over-year performance also improved, indicating sustained demand.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. Compared to the same quarter one year earlier, revenue was also higher, with the annual comparison showing a larger gain.
What to watch
Monitor the company's ability to sustain revenue growth given the sequential and year-over-year increases, as well as the operational context described in the filing.