TPL · 10-Q · 2026Q3 · Full report

Oil and Gas Royalty Demand

Texas Pacific Land Corp · 2026-11-04 · Importance 55 · Surprise 48

Average WTI prices rose approximately 27% for the nine months ended September 30, 2026, compared with the prior-year period, while average Henry Hub natural gas prices were roughly flat. TPL’s oil and gas royalty revenue is affected by commodity prices and by development decisions of operators on lands where it holds royalty interests. For the nine-month period, TPL’s share of production increased to 39.7 thousand Boe per day from 33.6 thousand, and its average realized price increased 15.5% to $41.60 per Boe.

Key facts

• Texas Pacific Land Corp's average realized oil and gas price increased 31.9% to $44.97 per Boe in the three months ended September 30, 2026, from $34.10 in 2025. source
• Texas Pacific Land Corp's share of production increased to 42.3 thousand Boe per day in the third quarter of 2026 from 36.3 thousand Boe per day in the third quarter of 2025. source
• Texas Pacific Land Corp's share of production increased to 39.7 thousand Boe per day in the first nine months of 2026 from 33.6 thousand Boe per day in 2025. source
• Texas Pacific Land Corp's average realized oil and gas price increased 15.5% to $41.60 per Boe for the first nine months of 2026 from $36.01 in 2025. source
• Texas Pacific Land Corp says its royalty interests require no capital expenditures or operating expense burden from it for well development. source
• Texas Pacific Land Corp owns a 1/128th NPRI under approximately 85,000 acres and a 1/16th NPRI under approximately 371,000 acres. source
• Texas Pacific Land Corp owns approximately 33,000 additional net royalty acres, for a collective total of approximately 224,000 NRA. source