TPL · 8-K · 20260805PR000056

Income Tax Rate Changes

Texas Pacific Land Corp · 2026-08-05 · Importance 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 effective tax rate declined to approximately 21.3% from 22.0%, reducing the tax rate by roughly 0.7 percentage points. Second-quarter income tax expense was $39.8 million on $193.7 million of pre-tax income, implying an effective rate of approximately 20.5%.