Texas Pacific Land debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Cash & equivalents

USD millions

$248.612M

Net debt

USD millions

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / equity

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / assets

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Net debt / EBITDA

× · TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / FCF

× · TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Interest coverage

× · TTM

253.29×

Current ratio

4.55×

Diluted shares

Million shares

69.03M shares

Basic shares

Million shares

68.97M shares

Share count growth

0.02%

Share repurchases

USD millions

$0M

Quarterly data

Texas Pacific Land capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	—	248.61	—	—	—	—	—	253.29×	4.55×	69.03	68.97	0.02%	0
FY 2026 Q1	Mar 31, 2026	—	247.57	—	—	—	—	—	371.23×	4.23×	69.01	68.96	0.02%	0
FY 2025 Q4	Dec 31, 2025	—	144.81	—	—	—	—	—	858.2×	4.4×	69.04	68.94	0.02%	0
FY 2025 Q3	Sep 30, 2025	—	531.81	—	—	—	—	—	—	10.86×	69.03	68.95	0.02%	8.28
FY 2025 Q2	Jun 30, 2025	—	543.93	—	—	—	—	—	—	14.79×	69.04	68.96	-0%	0
FY 2025 Q1	Mar 31, 2025	—	460.38	—	—	—	—	—	—	7.8×	69.02	68.94	-0.1%	0.1
FY 2024 Q4	Dec 31, 2024	—	369.84	—	—	—	—	—	—	10.81×	69.09	68.92	-0.18%	6.36
FY 2024 Q3	Sep 30, 2024	—	533.91	—	—	—	—	—	—	12.37×	69.04	68.94	-0.2%	6.07
FY 2024 Q2	Jun 30, 2024	—	894.7	—	—	—	—	—	—	22.99×	69.04	68.96	-0.3%	6.38
FY 2024 Q1	Mar 31, 2024	—	837.1	—	—	—	—	—	—	13.6×	69.06	69.01	-0.33%	10.34
FY 2023 Q4	Dec 31, 2023	—	725.17	—	—	—	—	—	—	19.43×	69.06	69.05	-0.35%	10.25
FY 2023 Q3	Sep 30, 2023	—	654.16	—	—	—	—	—	—	16.7×	69.14	69.08	-0.51%	5.95
FY 2023 Q2	Jun 30, 2023	—	609.25	—	—	—	—	—	—	16.43×	69.22	69.17	-0.62%	19.54
FY 2023 Q1	Mar 31, 2023	—	590.62	—	—	—	—	—	—	11.65×	69.29	69.24	-0.62%	6.84
FY 2022 Q4	Dec 31, 2022	—	510.83	—	—	—	—	—	—	16×	69.36	69.29	-0.6%	30.19
FY 2022 Q3	Sep 30, 2022	—	446.59	—	—	—	—	—	—	13.51×	69.48	69.43	-0.47%	32.99
FY 2022 Q2	Jun 30, 2022	—	389.79	—	—	—	—	—	—	9.18×	69.63	69.6	-0.29%	24.37
FY 2022 Q1	Mar 31, 2022	—	507.36	—	—	—	—	—	—	9.2×	69.68	69.67	-0.19%	0.22
FY 2021 Q4	Dec 31, 2021	—	428.24	—	—	—	—	—	—	10.34×	69.7	69.7	—	8.87
FY 2021 Q3	Sep 30, 2021	—	372.76	—	—	—	—	—	—	15.74×	69.76	69.76	—	8.31
FY 2021 Q2	Jun 30, 2021	—	329.13	—	—	—	—	—	—	18.26×	69.8	69.8	—	2.5
FY 2021 Q1	Mar 31, 2021	—	310.66	—	—	—	—	—	—	11.1×	69.81	69.81	—	0

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · TPL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.