TPL · Earnings call · 2026Q2T · Full report
Operating Cash Flow Trends
Texas Pacific Land Corp · 2026-08-05 · Importance 58 · Surprise 56 · No source text
Consolidated adjusted EBITDA was $216 million in the second quarter of 2026, up 19% sequentially and 30% year-over-year. The adjusted EBITDA margin was 88% for the quarter. Free cash flow was $156 million, increasing 14% sequentially and 20% year-over-year. Record revenue, royalty production and produced water volumes supported the quarterly profitability and cash-flow records.
Key facts
- Consolidated adjusted EBITDA was $216 million, up 19% sequentially and 30% year-over-year.
- Free cash flow was $156 million, which was up 14% sequentially and up 20% year-over-year.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | — | Consolidated adjusted EBITDA was $216 million, up 19% sequentially and 30% year-over-year. |
| cash | positive | realized | — | Free cash flow was $156 million, which was up 14% sequentially and up 20% year-over-year. |