TPL · 10-Q · 2026Q3 · Full report
Free Cash Flow and Liquidity
Texas Pacific Land Corp · 2026-11-04 · Importance 64 · Surprise 56 · From source text
Third-quarter 2026 free cash flow was $170.3 million, up 38.6% from $122.9 million in the third quarter of 2025. For the first nine months of 2026, free cash flow increased 21.8% to $462.3 million from $379.5 million. Nine-month 2026 fixed-asset purchases were $43.2 million, up 40.0% from $30.9 million, while current income tax expense rose to $127.8 million from $95.4 million.
Key facts
- Texas Pacific Land Corp generated $527.3 million of operating cash flow in the nine months ended September 30, 2026, compared with $432.2 million in the same period of 2025. source
- Three months ended September 30, 2026, free cash flow was $170.324 million, compared with $122.863 million in 2025. source
- Nine months ended September 30, 2026, free cash flow was $462.265 million, compared with $379.476 million in 2025. source
- The compensation committee uses free cash flow to evaluate performance in determining short- and long-term incentive compensation for executive officers. source
- The increase in Texas Pacific Land Corp's operating cash flow for the first nine months of 2026 was primarily driven by increased operating income and changes in working capital requirements. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +4.8% | Texas Pacific Land Corp generated $527.3 million of operating cash flow in the nine months ended September 30, 2026, compared with $432.2… |
| cash | positive | realized | +4.2% | Nine months ended September 30, 2026, free cash flow was $462.265 million, compared with $379.476 million in 2025. |
| cash | positive | realized | +2.4% | Three months ended September 30, 2026, free cash flow was $170.324 million, compared with $122.863 million in 2025. |