TPL · Financials

Texas Pacific Land Corp

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-07

• Acquisition / Partnership / DivestitureImportance 52 · Surprise 42
  TPL acquired land in Shackelford and Jones Counties for data center and power-generation initiatives. The company secured an agreement with Chevron for Project Kilby, a multi-gigawatt power-generation and data-center…

News · 2026-08-06

• Revenue Performance and MixImportance 52 · Surprise 56
  Texas Pacific Land reported record Q2 2026 consolidated revenue of $246.1 million, up 31.2% year over year. Growth was driven by increased oil and gas royalty production, higher commodity prices, and strong…
• Energy Infrastructure PartnershipsImportance 52 · Surprise 42
  TPL is involved with Project Kilby, a multi-gigawatt power-generation and data-center hub being developed with Chevron. The initiative broadens TPL’s role beyond mineral royalties into power and digital infrastructure…
• Data Center and Power ExpansionImportance 52 · Surprise 42
  Texas Pacific Land is pursuing approximately 25 gigawatts of data center and power projects in West Texas. The company expanded land holdings in Shackelford and Jones Counties for data center and power-generation…
• Data Center Infrastructure AgreementsImportance 52 · Surprise 42
  TPL is actively pursuing data center and power projects totaling about 25 gigawatts in West Texas. Management expects to announce major definitive agreements soon, indicating a potential transition from project…
• Water Desalination FacilityImportance 34 · Surprise 42
  TPL began commissioning a produced-water desalination test facility in Orla, Texas. The facility is designed to process 10,000 barrels per day. The project could improve the company’s ability to treat and reuse…
• Produced Water Desalination FacilityImportance 34 · Surprise 42
  TPL began commissioning a produced-water desalination test facility in Orla, Texas. The facility has a capacity of 10,000 barrels per day. The initiative expands TPL’s water-infrastructure platform and could support…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  TPL declared a quarterly dividend of $0.60 per share. The dividend is payable September 15, 2026, to shareholders of record as of September 1, 2026. The distribution equates to $2.40 per share on an annualized basis…

10-Q · 2026-08-05

• Data Center Power InitiativesImportance 90 · Surprise 100
  During the six months ended June 30, 2026, Texas Pacific Land acquired $110.2 million of land, including property in Shackelford and Jones Counties, Texas, for data center and power generation initiatives. The Company…
• Acquisitions and PartnershipsImportance 83 · Surprise 82
  TPL acquired land for $110.2 million during the six months ended June 30, 2026, including acreage in Shackelford and Jones Counties supporting data center and power generation initiatives and additional land in Winkler…
• Middle East Conflict ImpactImportance 80 · Surprise 84
  Average WTI prices increased 24% during the six months ended June 30, 2026, while escalating military conflict in Iran disrupted energy infrastructure and the Strait of Hormuz. Global oil prices exceeded $90 per barrel…
• Commodity Market ConditionsImportance 79 · Surprise 66
  Average WTI prices increased approximately 24% in the first six months of 2026 versus the prior-year period, reaching more than $90 per barrel from March through early June amid conflict in Iran and disruptions to the…
• Capital Expenditures and Free Cash FlowImportance 75 · Surprise 64
  Free cash flow increased 19.6% year over year to $155.532 million for the quarter, from $130.057 million, and increased 13.8% to $291.941 million for the six months, from $256.613 million. Purchases of fixed assets…
• Operating Income and MarginsImportance 64 · Surprise 56
  Six-month operating income increased 27.3% to $374.1 million from $293.8 million, and second-quarter operating income increased 33.4% to $191.8 million from $143.8 million. The consolidated six-month operating margin…
• Liquidity and Capital AllocationImportance 64 · Surprise 42
  Texas Pacific Land maintains a $500 million undrawn revolving credit facility and was in compliance with all covenants as of June 30, 2026. Management established a target cash and cash equivalents balance of…
• Revenue Performance and MixImportance 59 · Surprise 48
  Six-month revenue increased 25.9% to $482.9 million from $383.5 million, while second-quarter revenue increased 31.2% to $246.1 million from $187.5 million. Land and Resource Management revenue rose 24.4% to $317.4…
• Data Center Water DemandImportance 53 · Surprise 60
  Chevron entered into an agreement with Texas Pacific Land to obtain land and brackish-water resources for Project Kilby, a large-scale power-generation facility supporting a customer data center in Reeves County,…
• DividendsImportance 47 · Surprise 22
  TPL paid $83.2 million of dividends during the six months ended June 30, 2026, compared with $74.2 million in the prior-year period, an increase of $9.0 million or 12.1%. Dividends were the principal component of…
• Operating Expense TrendsImportance 46 · Surprise 30
  Six-month operating expenses increased 21.2% to $108.7 million from $89.7 million, compared with six-month revenue growth of 25.9%. Salaries and related employee expenses increased $1.9 million to $30.5 million because…
• Transferable Tax CreditsImportance 46 · Surprise 42
  TPL agreed to purchase up to $60.0 million of transferable federal income tax credits for $55.8 million, creating an estimated $4.2 million tax benefit. The credits reduced federal income tax payments to the Internal…
• Produced Water DesalinationImportance 31 · Surprise 42
  Texas Pacific Land is developing a patented, energy-efficient desalination and treatment process to recycle Permian Basin produced water into fresh water suitable for surface discharge and beneficial reuse. The Permian…
• Permian Water DemandImportance 23 · Surprise 24
  Permian well completions commonly require hundreds of thousands of barrels of water, and operators have generally increased water volumes per completion while reducing completion times. These trends have intensified…
• Produced Water SolutionsImportance 23 · Surprise 24
  Permian Basin produced-water volumes have grown alongside oil production, with most produced water injected into subsurface pore space through saltwater disposal wells. Disposal availability varies by regulation,…
• Permian Basin ActivityImportance 15 · Surprise 14
  The Permian Basin, spanning approximately 86,000 square miles across southeastern New Mexico and western Texas, is producing more than 6.8 million barrels of oil per day. E&P companies continued robust but measured…

Earnings call · 2026-08-05

• Revenue Performance and MixImportance 58 · Surprise 56
  Consolidated second-quarter 2026 revenue reached a record $246 million, increasing 4% sequentially and 31% year-over-year. Oil and gas royalty production averaged approximately 39,700 barrels of oil equivalent per day,…
• Operating Cash Flow TrendsImportance 58 · Surprise 56
  Consolidated adjusted EBITDA was $216 million in the second quarter of 2026, up 19% sequentially and 30% year-over-year. The adjusted EBITDA margin was 88% for the quarter. Free cash flow was $156 million, increasing…
• Acquisition / Partnership / DivestitureImportance 52 · Surprise 42
  During the second quarter, TPL acquired more than 10,000 acres in Shackelford and Jones Counties, Texas, for approximately $100 million. The property has contiguous land, water resources, natural-gas and grid access,…
• Market Demand TrendsImportance 52 · Surprise 56
  Oil and gas royalty production averaged approximately 39,700 barrels of oil equivalent per day, up 20% year-over-year, while produced water royalty volumes reached 4.9 million barrels per day, up 15% year-over-year.…
• Desalination Facility CommissioningImportance 46 · Surprise 42
  TPL completed construction and began commissioning its Orla, Texas, Phase 2b produced-water desalination facility. The facility is designed to ramp to 10,000 barrels per day and demonstrate produced-water desalination…
• Capital Expenditure GuidanceImportance 42 · Surprise 24
  Texas Pacific Land reported $29 million of year-to-date capital expenditures at the end of the second quarter. Management expects to spend additional capital in the second half of 2026 on colocation cooling and…
• Guidance / OutlookImportance 42 · Surprise 24
  Management reaffirmed fiscal 2026 capital expenditure guidance of $65 million to $75 million. Year-to-date capital expenditures were $29 million, with second-half spending planned for colocation cooling and waste-heat…
• AI Data Center BuildoutImportance 40 · Surprise 42
  Project Kilby is a large-scale power generation facility Chevron is developing to support a customer data center in Reeves County, Texas. TPL said the multi-gigawatt power and data center development validates the…
• Produced Water DesalinationImportance 40 · Surprise 42
  TPL completed construction and began commissioning its Orla, Texas, Phase 2b produced-water desalination facility, which is designed to reach 10,000 barrels per day. The facility uses a patented freeze desalination…
• ESG and sustainabilityImportance 40 · Surprise 42
  TPL completed construction and began commissioning its Phase 2b produced-water desalination facility in Orla, Texas. The facility is designed to ramp to 10,000 barrels per day and convert produced water into high-spec…
• Water Royalty Volume GrowthImportance 36 · Surprise 40
  Produced water royalty volumes averaged 4.9 million barrels per day in the second quarter, up 6% sequentially and 15% year-over-year. Growth was driven by demand for TPL's in-basin and out-of-basin pore space. Existing…
• Capital Return ProgramImportance 34 · Surprise 42
  Management said TPL is currently operating in a cash-build mode rather than prioritizing share repurchases. Capital is being directed toward opportunities such as the approximately $100 million Shackelford and Jones…
• Water Infrastructure StrategyImportance 34 · Surprise 42
  TPL is evaluating colocation of its freeze-desalination process with data centers, including potential use of generated ice and chilled water for direct chip cooling. Management is also investigating waste-heat…
• Capital AllocationImportance 31 · Surprise 42
  TPL said it is currently operating in a cash-build mode because management sees attractive opportunities in royalty acquisitions, land, power, data-center and desalination investments. The company is prioritizing these…
• Delaware Basin Gas RecoveryImportance 26 · Surprise 24
  Weak in-basin natural gas prices caused operators to shift some development away from the Delaware Basin, reducing second-quarter water sales volumes sequentially. Substantial new gas pipeline capacity is expected to…
• Macroeconomic Factors ImpactImportance 21 · Surprise 40
  Management attributed the 19% sequential decline in second-quarter water sales volumes to weak in-basin natural-gas prices. Operators shifted some development away from the Delaware Basin, reducing near-term water…
• Oil and Gas Production MixImportance 20 · Surprise 24
  Management said the lower oil percentage in the second quarter was not expected to be a near-term trend. Recent acquisitions and heavy development in gas-rich areas, including Culberson County wells, increased the gas…

8-K · 2026-08-05

• Capital Expenditure ProgramImportance 89 · Surprise 82
  TPL completed construction and began commissioning Phase 2B of its produced water desalination facility in Orla, Texas. The facility has anticipated capacity of 10,000 inlet barrels of produced water per day. Purchases…
• Free Cash Flow and LiquidityImportance 66 · Surprise 40
  Second-quarter free cash flow reached a record $155.5 million, up from $136.4 million in the first quarter. Six-month free cash flow increased 13.8% year over year to $291.9 million from $256.6 million. Six-month free…
• Acquisition / Partnership / DivestitureImportance 63 · Surprise 42
  TPL acquired $110.2 million of aggregate land in Shackelford and Jones Counties and additional land in Winkler County, Texas. The acquisitions support the company’s data center and power generation initiatives and…
• Data Center Power DevelopmentImportance 63 · Surprise 42
  TPL is supplying land and brackish water resources for Project Kilby, a multi-gigawatt power generation and data center hub in Reeves County, Texas. The project involves Chevron developing a large-scale power…
• AI Data Center BuildoutImportance 63 · Surprise 42
  TPL announced an agreement with a Chevron subsidiary to provide land and brackish water resources for Project Kilby, a large-scale power generation facility supporting a customer data center in Reeves County, Texas.…
• Acquisitions and PartnershipsImportance 63 · Surprise 42
  TPL acquired $110.2 million of aggregate land in Shackelford and Jones Counties, Texas, in connection with data center and power generation initiatives, as well as land in Winkler County, Texas. The company also…
• Operating Income and MarginsImportance 59 · Surprise 48
  Second-quarter operating income increased to $191.8 million from $182.3 million sequentially, while the operating margin expanded to approximately 78.0% from 77.0%. Six-month operating income increased 27.3% year over…
• Segment Revenue PerformanceImportance 53 · Surprise 48
  Second-quarter Land and Resource Management revenue increased to $163.9 million from $153.6 million sequentially, while Water Services and Operations revenue declined to $82.2 million from $83.3 million. For the six…
• Operating Expense TrendsImportance 53 · Surprise 48
  Second-quarter operating expenses declined slightly to $54.2 million from $54.5 million sequentially, as water service-related expenses fell $2.7 million to $11.6 million. The sequential decline was partly offset by a…
• Income Tax Rate ChangesImportance 52 · Surprise 30
  Six-month income tax expense increased to $80.4 million from $66.6 million year over year, an increase of $13.8 million. Pre-tax income increased to $377.3 million from $303.4 million over the same period. The implied…
• Quarterly Dividend DeclarationImportance 49 · Surprise 6
  TPL paid a quarterly cash dividend of $0.60 per share on June 15, 2026. The board declared another $0.60-per-share quarterly dividend on August 4, 2026. The new dividend is payable September 15, 2026 to stockholders of…
• Oil and Gas Royalty DemandImportance 48 · Surprise 40
  TPL’s share of oil and gas production increased to 38.4 thousand Boe per day in the first half of 2026 from 32.2 thousand Boe per day in the prior-year period. Royalty production reached 39.7 thousand Boe per day in…
• Produced Water Services ExpansionImportance 47 · Surprise 48
  Produced water royalty volumes increased to 4.9 million barrels per day in the second quarter of 2026 from 4.6 million barrels per day in the first quarter and 4.0 million barrels per day in the prior-year period.…
• ESG and sustainabilityImportance 34 · Surprise 42
  TPL completed construction and began commissioning a produced-water desalination test facility in Orla, Texas, with anticipated capacity of 10,000 inlet barrels per day. Management described desalination as a potential…
• Macroeconomic Factors ImpactImportance 30 · Surprise 40
  TPL stated that its revenue streams are directly impacted by commodity prices and by development and operating decisions made by its customers. The company reported an average realized price of $42.17 per Boe in the…
• Revenue Performance and MixImportance 28 · Surprise 32
  Second-quarter 2026 consolidated revenue increased to $246.1 million from $236.8 million in the first quarter, a sequential increase of $9.2 million, or 3.9%. Oil and gas royalty revenue rose $27.4 million sequentially…

News · 2026-08-05

• Revenue Performance and MixImportance 52 · Surprise 56
  Texas Pacific Land reported record Q2 2026 consolidated revenue of $246.1 million, up 31.2% year over year. Growth was driven by increased oil and gas royalty production, higher commodity prices, and strong…
• Acquisition / Partnership / DivestitureImportance 52 · Surprise 42
  TPL acquired land in Shackelford and Jones Counties for data center and power-generation initiatives. The company secured an agreement with Chevron for Project Kilby, a multi-gigawatt power-generation and data-center…

News · 2026-08-04

• Acquisition / Partnership / DivestitureImportance 52 · Surprise 42
  TPL acquired land in Shackelford and Jones Counties for data center and power-generation initiatives. The company secured an agreement with Chevron for Project Kilby, a multi-gigawatt power-generation and data-center…