TPL · 10-Q · 2026Q2 · Full report

Capital Expenditures and Free Cash Flow

Texas Pacific Land Corp · 2026-08-05 · Importance 75 · Surprise 64 · From source text

Free cash flow increased 19.6% year over year to $155.532 million for the quarter, from $130.057 million, and increased 13.8% to $291.941 million for the six months, from $256.613 million. Purchases of fixed assets rose to $21.853 million for the quarter from $3.311 million, a 560% increase, and to $29.201 million for the six months from $12.277 million, a 138% increase. The six-month period included a $20.944 million land sale with a financing arrangement, compared with no such amount in the prior-year period. Decreases in accounts payable related to fixed-asset purchases were $0.497 million for the quarter and $1.439 million for the six months.

Key facts

• Cash used in investing activities was $139.4 million for the six months ended June 30, 2026 compared to $16.5 million for the six months ended June 30, 2025; cash used for acquisitions was $110.2 million in 2026 and $8.1 million in 2025; purchases of fixed assets were $29.2 million in 2026 and $12.3 million in 2025. source
• Invested approximately $18.2 million during the six months ended June 30, 2026 to enhance water sourcing assets. source
• Land sale with financing arrangement: (20,944) source
• Presented free cash flow reconciliation and use free cash flow to fund acquisitions and return capital to stockholders; free cash flow used in compensation evaluation. source
• Purchases of fixed assets: (21,853) (3,311) (29,201) (12,277) source
• Decrease (increase) in accounts payable related to purchases of fixed assets: (497) 1,360 (1,439) source

Impact estimates