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Revenue by Segment
Breaks total sales down by business unit so you can see which segments drive top‑line growth and where the company is most dependent. Reveals concentration risk and identifies sectors where investment or divestment would most affect overall revenue.The Land & Resource Management surge in Q1 2026 reflects oil-price and production-driven royalty upside plus a material one-time land sale, so recent revenue growth is partly non-recurring rather than purely organic. Water Services has shown clear multi-year expansion tied to produced-water volumes and commercial deals (desalination testing), but remains lumpy quarter-to-quarter from project timing and accruals. Net: TPL has meaningful near-term cashflow leverage to commodity moves and NextGen commercialization, but scaling desal and the company’s unhedged profile introduce material volatility and capital/partnering risk.
Date | Land & Resource Management | Water Services & Operations |
|---|---|---|
Jun 30, 2026 | $163.87M | $82.19M |
Mar 31, 2026 | $153.56M | $83.26M |
Dec 31, 2025 | $113.38M | $98.20M |
Sep 30, 2025 | $122.27M | $80.82M |
Jun 30, 2025 | $128.50M | $59.05M |
Mar 31, 2025 | $126.58M | $69.40M |
Dec 31, 2024 | $118.63M | $67.16M |
Sep 30, 2024 | $106.65M | $66.92M |
Jun 30, 2024 | $104.03M | $68.30M |
Mar 31, 2024 | $111.48M | $62.66M |