TPL · Earnings call · 2026Q2T · Full report
Revenue Performance and Mix
Texas Pacific Land Corp · 2026-08-05 · Importance 58 · Surprise 56 · No source text
Consolidated second-quarter 2026 revenue reached a record $246 million, increasing 4% sequentially and 31% year-over-year. Oil and gas royalty production averaged approximately 39,700 barrels of oil equivalent per day, up 7% sequentially and 20% year-over-year. Produced water royalty volumes reached 4.9 million barrels per day, up 6% sequentially and 15% year-over-year, while water sales volumes declined 19% sequentially but increased 38% year-over-year to 663,000 barrels per day. SLEM revenue was $24 million, up 37% sequentially, driven by pipeline and wellbore easements.
Key facts
- SLEM revenues were $24 million, which represents a 37% sequential increase and were driven by strong performance for pipeline and wellbore easements.
- Consolidated revenues during the second quarter 2026 were approximately $246 million, a quarterly all-time high, up 4% sequentially and 31% year-over-year.
- Adjusted EBITDA margin for the quarter was 88%.
- TPL generated record quarterly total revenue, net income and free cash flow.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | SLEM revenues were $24 million, which represents a 37% sequential increase and were driven by strong performance for pipeline and wellbore… |
| revenue | positive | realized | — | Consolidated revenues during the second quarter 2026 were approximately $246 million, a quarterly all-time high, up 4% sequentially and… |
| margin | positive | realized | — | Adjusted EBITDA margin for the quarter was 88%. |