TPL · 8-K · 20261104PR000075

Segment Revenue Performance

Texas Pacific Land Corp · 2026-11-04 · Importance 74 · Surprise 56

Third-quarter Land and Resource Management revenue was $201.6 million, up from $163.9 million in the second quarter, while Water Services and Operations revenue was $71.8 million, down from $82.2 million. For the nine months ended September 30, 2026, Land and Resource Management revenue increased 37.5% to $519.0 million from $377.3 million in 2025. Water Services and Operations revenue increased 13.4% to $237.3 million from $209.3 million, including $115.0 million of water sales and $112.0 million of produced water royalties.

Key facts

• Texas Pacific Land Corp's Water Services and Operations segment generated third-quarter 2026 revenue of $71.8 million. source
• Texas Pacific Land Corp's Land and Resource Management segment generated third-quarter 2026 revenue of $201.6 million. source
• Texas Pacific Land Corp's Land and Resource Management segment generated revenue of $519.0 million for the nine months ended September 30, 2026. source
• Texas Pacific Land Corp's Water Services and Operations segment generated revenue of $237.3 million for the nine months ended September 30, 2026. source