What Texas Pacific Land Corp's SEC filings said

10-Q for 2026Q3, filed 4 Nov 2026, and 1 8-K since. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

Segment Revenue Performance74 · importance in its document · 8-K exhibit · 4 Nov 2026
Third-quarter Land and Resource Management revenue was $201.6 million, up from $163.9 million in the second quarter, while Water Services and Operations revenue was $71.8 million, down from $82.2 million. For the nine months ended…
Operating Income and Margins74 · importance in its document · 8-K exhibit · 4 Nov 2026
Third-quarter operating income was $207.8 million on $273.4 million of revenue, a 76.0% operating margin, compared with $191.8 million and a 78.0% margin in the second quarter. Nine-month operating income rose 31.4% to $581.9 million from…
Acquisitions and Partnerships65 · importance in its document · 10-Q · 2026Q3
During the nine months ended September 30, 2026, the Company acquired land for an aggregate purchase price of $122.7 million, including properties in Shackelford and Jones Counties connected to its data center and power-generation…
Free Cash Flow and Liquidity64 · importance in its document · 10-Q · 2026Q3
Third-quarter 2026 free cash flow was $170.3 million, up 38.6% from $122.9 million in the third quarter of 2025. For the first nine months of 2026, free cash flow increased 21.8% to $462.3 million from $379.5 million. Nine-month 2026…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 4 Nov 2026

Full report · Filing on EDGAR

Acquisitions and PartnershipsImportance 65
During the nine months ended September 30, 2026, the Company acquired land for an aggregate purchase price of $122.7 million, including properties in Shackelford and Jones Counties connected to its data center and…
Adjusted EBITDA PerformanceImportance 64 · +1 more on this subject
Third-quarter 2026 EBITDA was $234.2 million, up 37.6% from $170.1 million in the third quarter of 2025. Adjusted EBITDA rose 37.3% to $238.4 million from $173.6 million, including employee share-based compensation of…
Free Cash Flow and LiquidityImportance 64
Third-quarter 2026 free cash flow was $170.3 million, up 38.6% from $122.9 million in the third quarter of 2025. For the first nine months of 2026, free cash flow increased 21.8% to $462.3 million from $379.5 million.…
Revenue Performance and MixImportance 57
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…
Oil and Gas Royalty DemandImportance 55
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…
Capital AllocationImportance 55
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,…
Operating Expense TrendsImportance 54
Total operating expenses increased 21.3% to $174.3 million for the nine months ended September 30, 2026 from $143.7 million in 2025. General and administrative expenses rose 56.9% to $27.2 million, including increases…
Data Center Power ExpansionImportance 52
During the nine months ended September 30, 2026, the Company acquired land in Shackelford and Jones Counties, Texas, in connection with its data center and power generation initiative. In October 2026, it acquired…
Liquidity and Cash PositionImportance 48
Cash and cash equivalents totaled $369.6 million at September 30, 2026, and the Company had an undrawn $500.0 million revolving credit facility. The Company was in compliance with all credit-facility covenants and had…
Capital Expenditure ProgramImportance 39
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…
Produced Water DesalinationImportance 31
The Company is developing a patented, energy-efficient process and equipment to desalinate and treat produced water into fresh water suitable for surface discharge and beneficial reuse. Management cited Permian Basin…
Transferable Tax CreditsImportance 28
For the nine months ended September 30, 2026, the Company agreed to purchase up to $60.0 million of transferable federal tax credits for $55.8 million, an estimated tax benefit of $4.2 million. By September 30, it had…

8-K filings last 12 months

Results, no stated guidance change4 Nov 2026 · 8-K Item 2.02 · Routine · rule score 10
Read from the attached exhibit: Segment Revenue Performance · Operating Income and Margins · Operating Expense Trends
Management change (filing not read)25 Sept 2026 · 8-K Item 5.02 · Routine · rule score 20
Results (release not read)5 Aug 2026 · 8-K Item 2.02 · Routine · rule score 20
Read from the attached exhibit: Capital Expenditure Program · Free Cash Flow and Liquidity · Acquisition / Partnership / Divestiture
Management change (filing not read) · Results (release not read)6 May 2026 · 8-K Items 2.02, 5.02 · Routine · rule score 20
Results (release not read)18 Feb 2026 · 8-K Item 2.02 · Routine · rule score 20

Earlier reports

10-Q · 2026Q2filed 5 Aug 2026
Data Center Power Initiatives · Acquisitions and Partnerships · Middle East Conflict Impact

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.