TPL · 10-Q · 2026Q3 · Full report

Capital Allocation

Texas Pacific Land Corp · 2026-11-04 · Importance 55 · Surprise 32 · In source text

The Company paid $124.6 million in dividends during the nine months ended September 30, 2026, compared with $111.0 million in the prior-year period. It made no open-market share repurchases during the 2026 period, compared with $8.4 million of repurchases in 2025. The Company has set a target cash balance of approximately $700.0 million and said excess cash is expected to be directed primarily to special dividends and/or share repurchases. Cash and cash equivalents were $369.6 million at September 30, 2026.

Key facts

• Texas Pacific Land Corp set a target cash and cash equivalents balance of approximately $700.0 million. source
• If cash and cash equivalents exceed the approximately $700.0 million target, Texas Pacific Land Corp expects to deploy the majority of free cash flow toward special dividends and/or share repurchases. source
• Texas Pacific Land Corp used $133.7 million in financing activities in the first nine months of 2026, compared with $134.2 million in 2025. source
• Texas Pacific Land Corp paid total dividends of $124.6 million in the first nine months of 2026, compared with $111.0 million in 2025. source
• Texas Pacific Land Corp paid $124.6 million in dividends during the nine months ended September 30, 2026 and repurchased no common shares during that period. source
• Texas Pacific Land Corp repurchased $8.4 million of common shares in the first nine months of 2025 and none in the first nine months of 2026. source

Impact estimates