• Texas Pacific Land average ebitda margin for 2023 was 80.71%, a 7.25% decline from 2022.
• Texas Pacific Land average ebitda margin for 2022 was 87.02%, a 7.98% decline from 2021.
• Texas Pacific Land average ebitda margin for 2021 was 80.59%, a 4.55% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.