TPL · 8-K · 20260805PR000056

Operating Income and Margins

Texas Pacific Land Corp · 2026-08-05 · Importance 59 · Surprise 48 · From source text

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 year to $374.1 million from $293.8 million, with the operating margin improving to approximately 77.5% from 76.6%. Land and Resource Management generated second-quarter operating income of $136.3 million on $163.9 million of revenue, while Water Services and Operations generated $55.5 million on $82.2 million of revenue. The margin improvement was supported by higher oil and gas royalty revenue and lower sequential operating expenses, partially offset by higher depreciation and depletion expense.

Key facts

• The Company reported net income of $153.9 million for the second quarter of 2026 compared to net income of $142.9 million for the first quarter of 2026. source
• Operating income for the second quarter of 2026: $191,817 thousand; consolidated operating income for the three months ended June 30, 2026 shown as $191,817 in the Condensed Consolidated Statements of Income. source

Impact estimates