TPL · 10-Q · 2026Q2

Texas Pacific Land Corp

Filed 2026-08-05 · Financials · View original filing on EDGAR

Ranked Events

• Data Center Power InitiativesImportance 90 · Surprise 100
  During the six months ended June 30, 2026, Texas Pacific Land acquired $110.2 million of land, including property in Shackelford and Jones Counties, Texas, for data center and power generation initiatives. The Company…
• Acquisitions and PartnershipsImportance 83 · Surprise 82
  TPL acquired land for $110.2 million during the six months ended June 30, 2026, including acreage in Shackelford and Jones Counties supporting data center and power generation initiatives and additional land in Winkler…
• Middle East Conflict ImpactImportance 80 · Surprise 84
  Average WTI prices increased 24% during the six months ended June 30, 2026, while escalating military conflict in Iran disrupted energy infrastructure and the Strait of Hormuz. Global oil prices exceeded $90 per barrel…
• Commodity Market ConditionsImportance 79 · Surprise 66
  Average WTI prices increased approximately 24% in the first six months of 2026 versus the prior-year period, reaching more than $90 per barrel from March through early June amid conflict in Iran and disruptions to the…
• Capital Expenditures and Free Cash FlowImportance 75 · Surprise 64
  Free cash flow increased 19.6% year over year to $155.532 million for the quarter, from $130.057 million, and increased 13.8% to $291.941 million for the six months, from $256.613 million. Purchases of fixed assets…
• Liquidity and Capital AllocationImportance 64 · Surprise 42
  Texas Pacific Land maintains a $500 million undrawn revolving credit facility and was in compliance with all covenants as of June 30, 2026. Management established a target cash and cash equivalents balance of…
• Operating Income and MarginsImportance 64 · Surprise 56
  Six-month operating income increased 27.3% to $374.1 million from $293.8 million, and second-quarter operating income increased 33.4% to $191.8 million from $143.8 million. The consolidated six-month operating margin…
• Revenue Performance and MixImportance 59 · Surprise 48
  Six-month revenue increased 25.9% to $482.9 million from $383.5 million, while second-quarter revenue increased 31.2% to $246.1 million from $187.5 million. Land and Resource Management revenue rose 24.4% to $317.4…
• Data Center Water DemandImportance 53 · Surprise 60
  Chevron entered into an agreement with Texas Pacific Land to obtain land and brackish-water resources for Project Kilby, a large-scale power-generation facility supporting a customer data center in Reeves County,…
• DividendsImportance 47 · Surprise 22
  TPL paid $83.2 million of dividends during the six months ended June 30, 2026, compared with $74.2 million in the prior-year period, an increase of $9.0 million or 12.1%. Dividends were the principal component of…
• Transferable Tax CreditsImportance 46 · Surprise 42
  TPL agreed to purchase up to $60.0 million of transferable federal income tax credits for $55.8 million, creating an estimated $4.2 million tax benefit. The credits reduced federal income tax payments to the Internal…
• Operating Expense TrendsImportance 46 · Surprise 30
  Six-month operating expenses increased 21.2% to $108.7 million from $89.7 million, compared with six-month revenue growth of 25.9%. Salaries and related employee expenses increased $1.9 million to $30.5 million because…
• Produced Water DesalinationImportance 31 · Surprise 42
  Texas Pacific Land is developing a patented, energy-efficient desalination and treatment process to recycle Permian Basin produced water into fresh water suitable for surface discharge and beneficial reuse. The Permian…
• Produced Water SolutionsImportance 23 · Surprise 24
  Permian Basin produced-water volumes have grown alongside oil production, with most produced water injected into subsurface pore space through saltwater disposal wells. Disposal availability varies by regulation,…
• Permian Water DemandImportance 23 · Surprise 24
  Permian well completions commonly require hundreds of thousands of barrels of water, and operators have generally increased water volumes per completion while reducing completion times. These trends have intensified…
• Permian Basin ActivityImportance 15 · Surprise 14
  The Permian Basin, spanning approximately 86,000 square miles across southeastern New Mexico and western Texas, is producing more than 6.8 million barrels of oil per day. E&P companies continued robust but measured…

Revenue by Product (in thousands)