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TPLTexas Pacific Land Corporation

FCF Payout Ratio: 30.85%

popular:market cap|pe ratio|revenue|price history|total return

Is the FCF payout ratio high or low?

The FCF payout ratio of 30.85% is 41% below its 5-year average of 51.87%, near the low end of its 5-year range (22.25%–104.21%).

47.50% below its 12-month average of 58.76%.

Dividends Overview|Dividends per Share|Dividends CAGR|Payout Ratio|Dividend Yield
FCF Payout Ratio

TPL FCF Payout Ratio

30.85%

Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.

-44.78% 5Y
TPL FCF Payout Ratio

TPL Average FCF Payout Ratio Chart

TPL FCF Payout Ratio

TPL Current vs Average FCF Payout Ratio Chart

TPL FCF Payout Ratio Metrics

FCF PAYOUT RATIO

30.85%

FCF PAYOUT RATIO AVG TTM

58.76%

FCF PAYOUT RATIO AVG 3Y

51.54%

FCF PAYOUT RATIO AVG 5Y

51.87%

FCF PAYOUT RATIO AVG 10Y

39.87%

FCF PAYOUT RATIO AVG 15Y

23.75%

FCF PAYOUT RATIO AVG 20Y

22.72%

CURRENT VS TTM AVG

-47.50%

CURRENT VS 3Y AVG

-40.15%

CURRENT VS 5Y AVG

-40.54%

CURRENT VS 10Y AVG

-22.62%

CURRENT VS 15Y AVG

+29.91%

CURRENT VS 20Y AVG

+35.76%

Payout Ratio Comparison

FCF Payout Ratio TTM

30.8%

Earnings Payout Ratio

34.4%

Dividend Yield

0.61%

FCF Yield

1.81%

Annual FCF Payout Ratio History

YearFree Cash FlowDividends PaidFCF Payout Ratio
2025$486.38M$147.80M30.4%
2024$460.98M$347.31M75.3%
2023$403.26M$99.97M24.8%
2022$427.94M$247.28M57.8%
2021$249.62M$85.26M34.2%
2020$201.95M$201.66M99.9%
2019$310.58M$46.55M15.0%
2018$147.57M$31.65M21.4%
2017$75.08M$10.68M14.2%
2016$39.98M$2.51M6.3%
2015$49.34M$2.40M4.9%
2014$38.80M$2.28M5.9%
2013$30.01M$00.0%
2012$19.86M$4.30M21.6%
2011$23.89M$2.00M8.4%
2010$11.67M$1.97M16.9%
2009$9.36M$1.93M20.6%
2008$11.43M$1.88M16.5%
2007$9.51M$1.70M17.8%
2006$10.30M$5.87M57.0%
2005$10.28M$1.20M11.7%
2004$10.13M$4.96M49.0%
2003$6.49M$1.72M26.5%
2002$4.87M$0.96M19.7%
2001$5.92M$1.00M17.0%
2000$3.96M$1.03M26.1%
1999$4.09M$1.07M26.1%
1998$5.28M$1.10M20.9%
1997$4.71M$1.13M24.1%
1996$3.19M$1.18M37.0%

Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100

FCF payout and earnings payout:

  • FCF represents operating cash flow after capital expenditures
  • FCF payout compares dividends paid with free cash flow
  • FCF payout above 100% means dividends paid exceeded free cash flow for the period
  • Earnings payout compares dividends paid with net income

Reading the series: Use the chart and table to compare dividend payments with cash generation over time.

FCF Payout Ratio Formula & Definition

FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

FCF Payout Ratio FAQ

What is the FCF payout ratio for Texas Pacific Land Corporation (TPL)?
The FCF payout ratio for TPL stock is 30.85%.
Is Texas Pacific Land Corporation's FCF payout ratio high or low?
The FCF payout ratio of 30.85% is 41% below its 5-year average of 51.87%, near the low end of its 5-year range (22.25%–104.21%).
What is the TTM average FCF payout ratio for Texas Pacific Land Corporation (TPL)?
The TTM average FCF payout ratio for TPL stock is 58.76%.
What is the 3Y average FCF payout ratio for Texas Pacific Land Corporation (TPL)?
The 3Y average FCF payout ratio for TPL stock is 51.54%.
What is the 5Y average FCF payout ratio for Texas Pacific Land Corporation (TPL)?
The 5Y average FCF payout ratio for TPL stock is 51.87%.
What is the 10Y average FCF payout ratio for Texas Pacific Land Corporation (TPL)?
The 10Y average FCF payout ratio for TPL stock is 39.87%.
What is the 15Y average FCF payout ratio for Texas Pacific Land Corporation (TPL)?
The 15Y average FCF payout ratio for TPL stock is 23.75%.
What is the 20Y average FCF payout ratio for Texas Pacific Land Corporation (TPL)?
The 20Y average FCF payout ratio for TPL stock is 22.72%.

TPL FCF Payout Ratio History

DATEFCF PAYOUT RATIO
2026-03-3130.85%
2025-12-3130.39%
2025-09-3028.71%
2025-06-3099.63%
2025-03-31104.21%
2024-12-31101.96%
2024-09-30100.36%
2024-06-3023.24%
2024-03-3123.39%
2023-12-3124.79%
2023-09-3023.22%
2023-06-3022.25%
2023-03-3157.03%
2022-12-3157.78%
2022-09-3063.29%
2022-06-3070.34%
2022-03-3128.79%
2021-12-3134.16%
2021-09-3061.75%
2021-06-3055.86%
2021-03-3147.37%
2020-12-3190.49%
2020-09-3058.80%
2020-06-3058.29%
2020-03-3155.69%
2019-12-3114.99%
2019-09-3014.85%
2019-06-3016.20%
2019-03-3117.40%
2018-12-3121.45%
2018-09-3029.30%
2018-06-3031.22%
2018-03-3137.05%
2017-12-3114.23%
2017-09-3015.69%
2017-06-3020.16%
2017-03-3120.81%
2016-12-316.27%
2016-09-306.86%
2016-06-306.63%
2016-03-318.75%
2015-12-314.87%
2015-09-304.60%
2015-06-304.92%
2015-03-313.97%
2014-12-315.88%
2014-09-306.73%
2014-06-305.83%
2014-03-316.57%
2013-09-307.28%
2013-06-3011.01%
2013-03-3113.19%
2012-12-3121.63%
2012-09-309.47%
2012-06-308.67%
2012-03-318.02%
2011-12-318.37%
2011-09-3010.14%
2011-06-3013.24%
2011-03-3113.78%
2010-12-3116.87%
2010-09-3016.90%
2010-06-3017.04%
2010-03-3117.49%
2009-12-3120.62%
2009-09-3024.06%
2009-06-3017.67%
2009-03-3120.55%
2008-12-3116.48%
2008-09-3015.20%
2008-06-3017.06%
2008-03-3116.98%
2007-12-3117.85%
2007-09-3083.75%
2007-06-3078.04%
2007-03-3167.93%
2006-12-3156.99%
2006-09-3012.04%
2006-06-3016.34%
2006-03-3112.19%
2005-12-3111.71%
2005-09-3056.21%
2005-06-3032.52%
2005-03-3146.37%
2004-12-3149.03%
2004-09-3010.09%
2004-06-3031.60%
2004-03-3135.57%
2003-12-3126.48%
2003-09-3030.03%
2003-06-3017.70%
2003-03-3116.83%

Related Metrics

Dividends OverviewDividends per ShareDividends CAGRPayout RatioDividend Yield

About Texas Pacific Land Corporation

Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services. Its Land and Resource Management division oversees a vast land portfolio, spanning nearly 880,000 acres. This segment also holds significant oil and gas royalty interests. These include perpetual non-participating royalty interests (NPRIs) covering approximately 85,000 acres (at a 1/128th rate) and about 371,000 acres (at a 1/16th rate). Furthermore, it possesses around 4,000 additional net royalty acres, primarily located in West Texas. The segment grants various easements and commercial leases for purposes such as oil, gas, and hydrocarbon infrastructure, power and utility lines, and subsurface wellbores. It also leases its land for facilities like processing, storage, and compression plants, as well as roads, and sells materials such as caliche. The Water Services and Operations division provides comprehensive water solutions to energy operators throughout the Permian Basin. Its services encompass water sourcing, the gathering and treatment of produced water, infrastructure development, disposal solutions, water tracking, analytics, and well testing. This segment also generates royalty income from water extracted from its own lands. Founded in 1888, Texas Pacific Land Corporation maintains its headquarters in Dallas, Texas.

Dallas, TX
111 employees
www.texaspacific.com
Energy / Oil & Gas Exploration & Production
Sector
Energy
Industry
Oil & Gas Exploration & Production
CEO
Tyler Glover
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