Texas Pacific Land Corp’s Chief Financial Officer Chris Steddum reported multiple equity compensation events. On February 13, 2026, 2,079 restricted stock units (RSUs) vested and converted into the same number of common shares on a one-for-one basis.
On the same date, 984 common shares were surrendered to the company at $432.31 per share to cover tax withholding obligations. On February 15, 2026, a further 795 RSUs vested and converted into common stock, and 376 common shares were similarly surrendered for taxes at $432.31 per share.
Steddum also received a new grant of 2,753 RSUs, each equal in value to one common share, with future vesting tranches of 917 RSUs on February 15, 2027 and 918 RSUs on February 15 of 2028 and 2029. Following these transactions, he directly owned 16,040 common shares.
Texas Pacific Land Corp director and President & CEO Tyler Glover reported equity compensation and related tax-share settlements. On February 15, 2026, he received a grant of 5,726 restricted stock units (RSUs), each equal to one share of common stock. On that date, 1,626 RSUs converted into 1,626 common shares, and earlier on February 13, 2026, 3,807 RSUs converted into 3,807 common shares, all at a stated price of $0.0000 per share.
To cover tax withholding obligations associated with these vestings, Glover disposed of 1,612 common shares on February 13, 2026 and 688 common shares on February 15, 2026 at a reported price of $432.31 per share by surrendering them back to the issuer. Following these transactions, his directly held common stock position was reported at 44,171 shares.
Texas Pacific Land Corporation reports on 2025 results as a major Permian Basin land and royalty owner with about 882,000 surface acres and roughly 224,000 net royalty acres.
Land and Resource Management revenue reached $490.7 million, driven by $411.7 million of oil and gas royalties, while Water Services and Operations generated $307.5 million from water sales and produced-water royalties.
The company entered a new, undrawn $500 million revolving credit facility and completed a three-for-one stock split in December 2025. It invested $50 million in Bolt Data & Energy under a strategic data-center agreement and spent heavily on produced-water desalination technology and additional Permian minerals and surface acreage acquisitions.
Texas Pacific Land Corporation reported strong fourth-quarter and full-year 2025 results, highlighted by record consolidated revenue, net income, and free cash flow. Full-year revenue reached $798.2 million, up from $705.8 million, while net income rose to $481.4 million, or $6.97 per diluted share. Free cash flow was $498.3 million and Adjusted EBITDA was $687.4 million, reflecting high margins across royalties, surface, and water businesses.
In the fourth quarter, revenue was $211.6 million and net income was $123.3 million, or $1.79 per diluted share, with oil and gas royalty production of 37.5 thousand Boe per day. Water sales revenue was $60.7 million and produced water royalties were $33.5 million, both supported by higher volumes.
The company completed a $450.7 million all-cash acquisition of 17,306 net royalty acres, invested $50 million in a data infrastructure venture, entered a $500 million undrawn revolving credit facility, and effected a three-for-one stock split. The board declared a quarterly dividend of $0.60 per share, a 12.5% increase, payable March 16, 2026.
Horizon Kinetics Asset Management LLC, a more than 10% owner of Texas Pacific Land Corp, reported an open-market purchase of 1 share of common stock on February 17, 2026 at $425.55 per share. After this trade, it directly holds 3,479,374 common shares. A footnote references an amended Schedule 13D from December 18, 2024 noting 3,578,173 shares beneficially owned at that time and clarifies that Murray Stahl does not exercise investment discretion over the issuer’s securities.
HORIZON KINETICS ASSET MANAGEMENT LLC reported open-market purchase transactions in a Form 4 filing for TPL. The filing lists transactions totaling 1 shares at a weighted average price of $426.38 per share. Following the reported transactions, holdings were 3,479,373 shares.
Horizon Kinetics Asset Management LLC, a more than 10% owner of Texas Pacific Land Corp (TPL), reported a small open-market purchase of common stock. On February 12, 2026, the firm bought 1 share at a price of $413.24 per share.
After this transaction, Horizon Kinetics Asset Management LLC directly beneficially owned 3,479,372 shares of Texas Pacific Land common stock. A related disclosure notes prior beneficial ownership figures and that a three-for-one stock split of the issuer’s shares was effective on December 22, 2025.
Texas Pacific Land Corp’s Chief Financial Officer Chris Steddum reported multiple equity-compensation transactions on February 10, 2026. Restricted stock units converting on a one-for-one basis delivered 1,269 common shares, while some shares were used to satisfy tax withholding obligations.
He also acquired 6,393 common shares from performance share units granted in 2023, which vested after relative total shareholder return and free cash flow per share targets were achieved above 100% of target. Following these transactions, he directly held 14,526 common shares plus time-based RSUs that vest in tranches through 2028.
The filing notes a correction of a prior clerical error in reported RSU totals and states that all share amounts reflect a 3-for-1 stock split effective December 22, 2025.
Texas Pacific Land Corp Chief Accounting Officer Stephanie Buffington reported RSU vesting and related share movements. On February 10, 2026, she converted 513 restricted stock units into the same number of common shares, then surrendered 245 shares to the issuer for tax withholding at $401.62 per share.
After these transactions, she directly owned 3,118 common shares. She also held 1,728 RSUs, of which 864 will vest on February 13 of each of 2026 and 2027, and 771 RSUs, with 255 vesting on February 15, 2026 and 258 vesting on February 15 of each of 2027 and 2028. All amounts reflect a 3-for-1 stock split effective December 22, 2025.
Texas Pacific Land Corp President & CEO Tyler Glover reported several equity-compensation transactions dated February 10, 2026. He exercised 2,664 restricted stock units (RSUs) into common stock and received 13,327 common shares from performance share units (PSUs) granted in February 2023 that vested based on relative total shareholder return and free cash flow per share performance.
To cover tax withholding obligations, 1,137 shares and 5,643 shares of common stock were surrendered at $401.62 per share. After these transactions, he directly owned 41,038 common shares, plus 7,614 RSUs and 4,878 RSUs outstanding with scheduled vesting in 2026, 2027 and 2028. All share figures reflect a 3-for-1 stock split effected on December 22, 2025.