TPL · 10-Q · 2026Q3

Texas Pacific Land Corp

Filed 2026-11-04 · Financials · View original filing on EDGAR

Everything TPL's SEC filings said, ranked

Ranked Events

• Acquisitions and PartnershipsImportance 65 · Surprise 42
  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…
• Free Cash Flow and LiquidityImportance 64 · Surprise 56
  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.…
• Adjusted EBITDA PerformanceImportance 64 · Surprise 56
  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…
• Operating Income and MarginsImportance 60 · Surprise 56
  For the nine months ended September 30, 2026, operating income increased 31.4% to $581.9 million from $442.9 million in 2025. Consolidated operating margin was approximately 77.0% of revenue, compared with 75.5% in the…
• Revenue Performance and MixImportance 57 · Surprise 48
  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 · 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…
• Capital AllocationImportance 55 · Surprise 32
  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 · Surprise 48
  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 · Surprise 42
  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 · Surprise 30
  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 · Surprise 42
  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 · Surprise 42
  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 · Surprise 42
  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…
• Permian Water DemandImportance 9 · Surprise 6
  Permian Basin well completions commonly require hundreds of thousands of barrels of water per well, and operators have generally increased water use per completion while reducing completion time. These developments…
• Permian Basin ActivityImportance 9 · Surprise 6
  The Permian Basin spans approximately 86,000 square miles across southeastern New Mexico and western Texas and was producing more than 6.8 million barrels of oil per day, according to the U.S. Energy Information…
• Produced Water Royalty TrendsImportance 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…
• Middle East Conflict ImpactImportance null · Surprise 84
  In February 2026, escalating military conflict in Iran led to attacks on energy infrastructure across the broader Middle East and major disruptions to the Strait of Hormuz. Global oil prices rose above $90 per barrel…
• Energy Infrastructure PartnershipsImportance null · Surprise 64
  TPL’s surface-related income includes easements for oil and gas exploration and production, renewable energy, and agricultural operations. For the third quarter of 2026, easements and other surface-related income…
• Data Center Water DemandImportance null · Surprise 42
  TPL entered an agreement with Chevron to provide land and brackish-water resources for Project Kilby, a large-scale power-generation facility being developed to support a customer data center in Reeves County, Texas.…

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