TPL · 8-K · 20260805PR000056

Revenue Performance and Mix

Texas Pacific Land Corp · 2026-08-05 · Importance 28 · Surprise 32 · No source text

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 to $145.6 million, supported by production increasing to 39.7 thousand Boe per day from 37.1 thousand and realized pricing increasing to $42.17 per Boe from $37.06. The increases were partly offset by a $20.9 million decrease in land sales revenue and a $7.1 million decline in water sales, while produced water royalties increased $3.5 million to $37.1 million. For the first six months, revenue increased 25.9% year over year to $482.9 million, with oil and gas royalties up $57.5 million, water sales up $22.2 million, land sales up $20.9 million, and produced water royalties up $12.2 million.

Key facts

• Total revenues increased sequentially to $246.1 million in Q2 2026 from $236.8 million in Q1 2026, primarily due to a $27.4 million increase in oil and gas royalty revenue, a $6.3 million increase in easements and other surface-related income, and a $3.5 million increase in produced water royalties, partially offset by a $20.9 million change in land sales revenue and a $7.1 million decrease in water sales. source
• Consolidated revenues for the second quarter of 2026: $246.1 million. source
• Consolidated net income for the second quarter of 2026: $153.9 million, or $2.23 per share (diluted). source
• Net income for the six months ended June 30, 2026: $296.8 million, or $4.30 per share (diluted). source
• For the three months ended June 30, 2026, oil royalties were $119,273 thousand, natural gas royalties were $2,618 thousand, NGL royalties were $23,698 thousand, for total oil and gas royalties of $145,589 thousand. source

Impact estimates