TPL · 8-K · 20260805PR000056

Operating Expense Trends

Texas Pacific Land Corp · 2026-08-05 · Importance 53 · Surprise 48 · From source text

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 $2.6 million increase in depreciation, depletion and amortization expense to $16.6 million. Six-month operating expenses increased 21.2% year over year to $108.7 million from $89.7 million. The year-over-year increase included $6.3 million higher water service-related expenses, $5.0 million higher depreciation and depletion expense, and $4.9 million higher general and administrative expenses.

Key facts

• Total operating expenses for the six months ended June 30, 2026: $108.7 million, compared to $89.7 million for the same period of 2025. source
• For the three months ended June 30, 2026, total operating expenses were $54.2 million. source
• The decrease in operating expenses sequentially was principally related to a $2.7 million decrease in water service-related expenses and a $2.6 million increase in depreciation, depletion and amortization. source
• The six-month increase in operating expenses was principally related to a $6.3 million increase in water service-related expenses, a $5.0 million increase in depreciation, depletion and amortization, and a $4.9 million increase in general and administrative expenses. source

Impact estimates