TPL · Earnings call · 2026Q2T · Full report
Capital Expenditure Guidance
Texas Pacific Land Corp · 2026-08-05 · Importance 42 · Surprise 24 · In source text
Texas Pacific Land reported $29 million of year-to-date capital expenditures at the end of the second quarter. Management expects to spend additional capital in the second half of 2026 on colocation cooling and waste-heat-capture opportunities at the Orla Phase 2b desalination facility. The company reaffirmed full-year 2026 capital expenditure guidance of $65 million to $75 million. The desalination-related spending was included in the original annual capital expenditure guidance.
Key facts
- TPL reaffirmed fiscal year capital expenditure guidance of $65 million to $75 million.
- In the second half of the year, TPL will be spending capital to investigate colocation cooling and waste heat capture opportunities at the Orla Phase 2b desalination facility, and this spend was embedded in the original CapEx guidance.
- Year-to-date capital expenditures were $29 million.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | TPL reaffirmed fiscal year capital expenditure guidance of $65 million to $75 million. |
| assets | positive | committed | — | TPL reaffirmed fiscal year capital expenditure guidance of $65 million to $75 million. |