Tax Rate: 22.15%
Is the tax rate high or low?
The tax rate of 22.15% is in line with its 5-year average of 21.98%, near the low end of its 5-year range (18.73%–37.05%).
3.85% above its 12-month average of 21.33%.
TPL Tax Rate
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TPL Average Tax Rate Chart
TPL Current vs Average Tax Rate Chart
TPL Tax Rate Metrics
TAX RATE
22.15%
TAX RATE AVG TTM
21.33%
TAX RATE AVG 3Y
21.78%
TAX RATE AVG 5Y
21.60%
TAX RATE AVG 10Y
20.85%
TAX RATE AVG 15Y
26.72%
TAX RATE AVG 20Y
27.86%
CURRENT VS TTM AVG
+3.85%
CURRENT VS 3Y AVG
+1.71%
CURRENT VS 5Y AVG
+2.54%
CURRENT VS 10Y AVG
+6.22%
CURRENT VS 15Y AVG
-17.10%
CURRENT VS 20Y AVG
-20.49%
Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tax Rate FAQ
- What is the tax rate for Texas Pacific Land Corporation (TPL)?
- The tax rate for TPL stock is 22.15%.
- Is Texas Pacific Land Corporation's tax rate high or low?
- The tax rate of 22.15% is in line with its 5-year average of 21.98%, near the low end of its 5-year range (18.73%–37.05%).
- What is the TTM average tax rate for Texas Pacific Land Corporation (TPL)?
- The TTM average tax rate for TPL stock is 21.33%.
- What is the 3Y average tax rate for Texas Pacific Land Corporation (TPL)?
- The 3Y average tax rate for TPL stock is 21.78%.
- What is the 5Y average tax rate for Texas Pacific Land Corporation (TPL)?
- The 5Y average tax rate for TPL stock is 21.60%.
- What is the 10Y average tax rate for Texas Pacific Land Corporation (TPL)?
- The 10Y average tax rate for TPL stock is 20.85%.
- What is the 15Y average tax rate for Texas Pacific Land Corporation (TPL)?
- The 15Y average tax rate for TPL stock is 26.72%.
- What is the 20Y average tax rate for Texas Pacific Land Corporation (TPL)?
- The 20Y average tax rate for TPL stock is 27.86%.
TPL Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2026-03-31 | 22.15% |
| 2025-12-31 | 18.73% |
| 2025-09-30 | 21.87% |
| 2025-06-30 | 22.05% |
| 2025-03-31 | 21.85% |
| 2024-12-31 | 21.60% |
| 2024-09-30 | 21.28% |
| 2024-06-30 | 21.75% |
| 2024-03-31 | 21.62% |
| 2023-12-31 | 22.06% |
| 2023-09-30 | 21.76% |
| 2023-06-30 | 21.04% |
| 2023-03-31 | 21.55% |
| 2022-12-31 | 22.18% |
| 2022-09-30 | 20.82% |
| 2022-06-30 | 21.95% |
| 2022-03-31 | 21.30% |
| 2021-12-31 | 37.05% |
| 2021-09-30 | 19.20% |
| 2021-06-30 | 20.41% |
| 2021-03-31 | 19.31% |
| 2020-12-31 | 19.06% |
| 2020-09-30 | 20.26% |
| 2020-06-30 | 21.02% |
| 2020-03-31 | 19.57% |
| 2019-12-31 | 22.40% |
| 2019-09-30 | 19.71% |
| 2019-06-30 | 21.14% |
| 2019-03-31 | 20.25% |
| 2018-12-31 | 19.93% |
| 2018-09-30 | 19.67% |
| 2018-06-30 | 20.04% |
| 2018-03-31 | 19.81% |
| 2017-12-31 | 45.86% |
| 2017-09-30 | 32.45% |
| 2017-06-30 | 32.46% |
| 2017-03-31 | 32.69% |
| 2016-12-31 | 32.18% |
| 2016-09-30 | 31.83% |
| 2016-06-30 | 32.97% |
| 2016-03-31 | 32.61% |
| 2015-12-31 | 32.60% |
| 2015-09-30 | 33.49% |
| 2015-06-30 | 32.27% |
| 2015-03-31 | 34.33% |
| 2014-12-31 | 32.50% |
| 2014-09-30 | 32.51% |
| 2014-06-30 | 32.62% |
| 2014-03-31 | 31.86% |
| 2013-12-31 | 32.54% |
| 2013-09-30 | 33.13% |
| 2013-06-30 | 32.26% |
| 2013-03-31 | 29.19% |
| 2012-12-31 | 33.85% |
| 2012-09-30 | 32.32% |
| 2012-06-30 | 33.58% |
| 2012-03-31 | 32.35% |
| 2011-12-31 | 34.46% |
| 2011-09-30 | 32.99% |
| 2011-06-30 | 32.41% |
| 2011-03-31 | 31.23% |
| 2010-12-31 | 31.34% |
| 2010-09-30 | 30.62% |
| 2010-06-30 | 31.97% |
| 2010-03-31 | 30.08% |
| 2009-12-31 | 29.68% |
| 2009-09-30 | 30.38% |
| 2009-06-30 | 30.78% |
| 2009-03-31 | 37.20% |
| 2008-12-31 | 38.25% |
| 2008-09-30 | 29.97% |
| 2008-06-30 | 29.35% |
| 2008-03-31 | 29.87% |
| 2007-12-31 | 31.90% |
| 2007-09-30 | 30.71% |
| 2007-06-30 | 29.89% |
| 2007-03-31 | 29.16% |
| 2006-12-31 | 31.83% |
| 2006-09-30 | 31.60% |
| 2006-06-30 | 31.36% |
| 2006-03-31 | 30.64% |
| 2005-12-31 | 28.66% |
| 2005-09-30 | 30.94% |
| 2005-06-30 | 30.39% |
| 2005-03-31 | 30.03% |
| 2004-12-31 | 26.84% |
| 2004-09-30 | 33.55% |
| 2004-06-30 | 29.57% |
| 2004-03-31 | 28.53% |
| 2003-12-31 | 29.82% |
| 2003-09-30 | 29.61% |
| 2003-06-30 | 30.46% |
| 2003-03-31 | 29.14% |
| 2002-12-31 | 32.05% |
| 2002-09-30 | 30.09% |
| 2002-06-30 | 29.76% |
Related Metrics
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.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Tyler Glover