TPL · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

Texas Pacific Land Corp · 2026-11-04 · Importance 57 · Surprise 48 · In source text

For the nine months ended September 30, 2026, total revenue rose 28.9% to $756.3 million from $586.6 million in 2025, while net income increased to $464.2 million from $358.0 million. Land and Resource Management revenue increased to $519.0 million from $377.3 million, and Water Services and Operations revenue grew to $237.3 million from $209.3 million. Oil and gas royalties rose 36.9% to $431.0 million, water sales increased 5.6% to $115.0 million, produced water royalties rose 23.5% to $112.0 million, and easements and other surface-related income increased to $77.2 million from $71.2 million; land sales contributed $21.1 million versus $0.8 million.

Key facts

• Texas Pacific Land Corp's total revenues were $756.3 million in the nine months ended September 30, 2026, compared with $586.6 million in 2025. source
• Texas Pacific Land Corp recorded $20.9 million in land sales revenue at closing and a financing receivable at present value of $20.9 million for contractual payments of $42.4 million discounted at 7.5%. source
• Texas Pacific Land Corp is not an oil and gas producer; its revenues derive from oil and gas royalties, water sales, produced water royalties, easements and other surface-related income, and land sales. source

Impact estimates