TPL · 10-Q · 2026Q3 · Full report

Capital Expenditure Program

Texas Pacific Land Corp · 2026-11-04 · Importance 39 · Surprise 42 · From source text

The Company spent $19.9 million during the nine months ended September 30, 2026 on its produced-water desalination and treatment project, bringing cumulative spending through September 30 to $65.4 million, of which $55.3 million was capitalized. The completed facility is designed for initial capacity of 10,000 barrels of water per day, and commissioning has commenced. The Company also invested approximately $24.8 million during the nine-month period to enhance water-sourcing assets. Total purchases of fixed assets were $43.2 million, up from $30.9 million in the comparable 2025 period.

Key facts

• Purchases of fixed assets were $43.185 million for the nine months ended September 30, 2026, compared with $30.878 million in 2025. source
• Purchases of fixed assets were $13.984 million for the three months ended September 30, 2026, compared with $18.601 million in 2025. source
• Texas Pacific Land Corp used $169.4 million in investing activities in the nine months ended September 30, 2026, compared with $137.6 million in 2025. source
• Texas Pacific Land Corp purchased fixed assets totaling $43.2 million in the first nine months of 2026, compared with $30.9 million in 2025. source
• Through September 30, 2026, Texas Pacific Land Corp had spent $65.4 million on its desalination and treatment process and equipment, including $19.9 million in the first nine months of 2026; $55.3 million was capitalized. source
• Texas Pacific Land Corp invested approximately $24.8 million to enhance water sourcing assets during the nine months ended September 30, 2026. source

Impact estimates