TPL · 10-Q · 2026Q3 · Full report

Produced Water Royalty Trends

Texas Pacific Land Corp · 2026-11-04 · Importance 9 · Surprise 6

Permian Basin produced-water volumes have grown alongside oil production, and most produced water is injected into subsurface pore space through saltwater disposal wells, with availability varying by location and infrastructure. TPL allows produced-water operators to transport and dispose of water across its surface footprint under commercial agreements, but does not operate disposal wells. For the nine months ended September 30, 2026, produced-water royalty volumes increased 21.8% year over year to 1.368 billion barrels, and royalty revenue rose to $112.0 million from $90.7 million. Volumes can vary with basin development and operator choices between recycling and disposal.

Key facts

• Texas Pacific Land Corp's produced water royalty volumes increased 21.8% in the first nine months of 2026 compared with the same period of 2025. source
• Texas Pacific Land Corp's produced water royalty volumes increased 27.2% in the third quarter of 2026 compared with the same period of 2025. source
• Texas Pacific Land Corp's produced-water royalty volume was 509.748 million barrels in the third quarter of 2026, versus 400.804 million barrels in 2025. source
• Texas Pacific Land Corp's produced-water royalty volume was 1,367.534 million barrels in the first nine months of 2026, versus 1,123.010 million barrels in 2025. source
• Texas Pacific Land Corp allows produced-water operators, through commercial agreements, to transport and dispose of produced water across its surface footprint. source
• The majority of Permian Basin produced water is injected into subsurface pore space through saltwater disposal wells; Texas Pacific Land Corp does not operate any saltwater disposal wells. source