TPL · 8-K · 20261104PR000075

Operating Expense Trends

Texas Pacific Land Corp · 2026-11-04 · Importance 69 · Surprise 48 · No source text

Third-quarter operating expenses increased 20.9% sequentially to $65.6 million from $54.2 million. The sequential increase included $6.2 million more depreciation, depletion and amortization, $2.6 million more general and administrative expense, and $2.2 million more water service-related expense. Nine-month operating expenses rose 21.3% to $174.3 million from $143.7 million, including increases of $12.9 million in depreciation, depletion and amortization and $9.9 million in general and administrative expense.

Key facts

• Texas Pacific Land Corp's total operating expenses were $65.6 million in the third quarter of 2026 compared with $54.2 million in the second quarter; the increase included $6.2 million in depreciation, depletion and amortization, $2.6 million in general and administrative expenses, and $2.2 million in water service-related expenses. source
• Texas Pacific Land Corp's total operating expenses were $174.3 million for the nine months ended September 30, 2026, compared with $143.7 million for the same period of 2025. source
• Texas Pacific Land Corp's year-over-year operating expense increase for the nine months ended September 30, 2026 included $12.9 million in depreciation, depletion and amortization, $9.9 million in general and administrative expenses, $4.7 million in salaries and related employee expenses, and $3.7 million in water service-related expenses. source

Impact estimates