TPL · News · 20260805N

Revenue Performance and Mix

Texas Pacific Land Corp · 2026-08-05 · Importance 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 produced-water royalties. Water-sales revenue declined, and the absence of land-sale income weighed on the top line and contributed to the slight miss versus the $249.5 million analyst estimate. Adjusted EBITDA reached a record $215.6 million, while net income was $153.9 million.

Key facts

• TPL reported Q2 CY2026 sales of $246.1 million, a 31.2% year-on-year increase. source
• TPL reported quarterly EPS of $2.23 which surpassed the analyst consensus of $2.18 by $0.05, and reported revenue of $246.1 million which fell slightly below the expected $249.5 million. source
• TPL reported GAAP profit per share of $2.23 and Adjusted EBITDA of $215.6 million for Q2 CY2026. source
• TPL reported Q2 2026 EPS of $2.23 per share and revenues of $246.06 million. source
• Following the earnings announcement the stock experienced a 3.7% decline to $380.74. source