Every 10-Q that Texas Pacific Ld (TPL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TPL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TPL filings page.
Texas Pacific Land Corporation, a major Permian Basin land and royalty owner, reported higher results for the quarter ended June 30, 2026. Total revenues were $246.1 million versus $187.5 million a year earlier, and net income was $153.9 million versus $116.1 million, or diluted EPS of $2.23 versus $1.68. Growth was driven primarily by oil and gas royalties of $145.6 million, up from $95.0 million, supported by higher barrels of oil equivalent volumes and realized prices. Water services also expanded, with water sales of $39.7 million and produced water royalties of $37.1 million.
For the first six months of 2026, revenues were $482.9 million versus $383.5 million and net income was $296.8 million versus $236.8 million. Cash provided by operating activities rose to $334.9 million, and cash and cash equivalents were $248.6 million at June 30, 2026, supplemented by an undrawn $500 million revolving credit facility. The company targets approximately $700 million of cash and plans to return most free cash flow above that level through special dividends or share repurchases. A regular quarterly dividend of $0.60 per share was paid, and another $0.60 dividend was subsequently declared.
Strategically, the company acquired $110.2 million of land, including tracts for data center and power generation initiatives, and entered a long-term agreement with Chevron’s Project Kilby, recognizing $20.9 million of land sale revenue and recording a $21.4 million financing receivable tied to annual payments through 2046. It has invested $55.8 million cumulatively in a patented produced-water desalination facility, now constructed with an initial 10,000-barrel-per-day capacity and in commissioning, aimed at creating additional water solutions beyond subsurface disposal.
Texas Pacific Land Corporation reported stronger results for the quarter ended March 31, 2026, driven by higher activity in the Permian Basin. Total revenues rose to $236.8 million from $196.0 million, while net income increased to $142.9 million, or $2.07 per diluted share, up from $1.75.
Oil and gas royalty revenue reached $118.2 million as production grew to 37.1 thousand Boe per day, partly offset by lower realized prices per Boe. The Water Services and Operations segment also expanded, with water sales of $46.9 million and produced water royalties of $33.5 million.
Operating income increased to $182.3 million, and cash provided by operating activities was $162.0 million. The company ended the quarter with $247.6 million in cash and cash equivalents and no borrowings under its $500 million revolving credit facility. It paid $0.60 per share in regular dividends, totaling $41.8 million, and continues to invest in its water infrastructure, including a desalination project with $48.3 million spent cumulatively.
Texas Pacific Land Corporation reported solid Q3 2025 results driven by royalties and water services. Total revenue was $203.1 million, led by oil and gas royalties of $108.7 million, water sales of $44.6 million, produced water royalties of $32.3 million, and surface-related income of $16.7 million. Net income was $121.2 million, and diluted EPS was $5.27.
The company ended the quarter with $531.8 million in cash and equivalents. For the nine months, operating cash flow reached $432.2 million, supporting ongoing investments in water infrastructure and land/royalty acquisitions.
After quarter-end, TPL entered a $500.0 million revolving credit facility maturing in 2029, acquired approximately 17,306 net royalty acres for $474.1 million, declared a quarterly dividend of $1.60 per share, and approved a three-for-one stock split expected in December 2025, subject to finalization.