TPL · 8-K · 20261104PR000075

Operating Income and Margins

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

Third-quarter operating income was $207.8 million on $273.4 million of revenue, a 76.0% operating margin, compared with $191.8 million and a 78.0% margin in the second quarter. Nine-month operating income rose 31.4% to $581.9 million from $442.9 million, while operating margin increased to 77.0% from 75.5%. Nine-month revenue growth of 28.9% exceeded operating-expense growth of 21.3%, supporting the year-over-year margin expansion.

Key facts

• Texas Pacific Land Corp reported adjusted EBITDA of $635.4 million for the nine months ended September 30, 2026. source