TPL · 10-Q · 2026Q3 · Full report

Acquisitions and Partnerships

Texas Pacific Land Corp · 2026-11-04 · Importance 65 · Surprise 42 · Matches filing data

During the nine months ended September 30, 2026, the Company acquired land for an aggregate purchase price of $122.7 million, including properties in Shackelford and Jones Counties connected to its data center and power-generation initiative. In October 2026, it acquired additional land and oil and gas royalty interests in Midland and Glasscock Counties for $145.0 million, excluding acquisition costs. During the nine-month period, the Company entered an agreement with Chevron for Project Kilby, a large-scale power-generation facility supporting a customer data center in Reeves County, and sold land for $42.5 million of aggregate consideration. The Project Kilby arrangement includes an exclusive right to source aquifer-derived water, a separate water-supply agreement, and options tied to development milestones.

Key facts

• In October 2026, Texas Pacific Land Corp acquired additional land and oil and gas royalty interests in Midland and Glasscock Counties, Texas, for $145.0 million, excluding acquisition costs. source
• Texas Pacific Land Corp acquired land for an aggregate $122.7 million during the nine months ended September 30, 2026, including land in Shackelford and Jones Counties for its data center and power generation initiative and in Winkler and Reeves Counties. source
• Texas Pacific Land Corp cash used for acquisitions, including deposits, totaled $126.2 million in the first nine months of 2026, compared with $110.6 million in 2025. source

Impact estimates