Texas Pacific Land Corp

Company facts

Industry

Oil Royalty Traders

Headquarters

Dallas, Texas

Most recent report

10-Q, filed Aug 5, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 1811074

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 2 positive, 6 notable, and 0 negative flags.

• Financial Statements (Item 1) Financial statements with major strategic shifts: data center land buys, Chevron deal, tax credits.
  Notable

  • $110.2M spent on land in H1 2026, nearly all in Q2, for data center and power generation sites.
  • Chevron land sale for $42.5M ($20.9M revenue recognized); financing receivable with 7.5% interest.
  • Bought $60M of federal tax credits for $55.8M, generating a $4.2M tax benefit in Q2 2026.
• Management's Discussion (Item 2) Full results, strategic deals, and liquidity details for H1 2026.
  Positive

  • Oil & gas royalty revenue up 53% to $145.6M in Q2 2026 from $95.0M in Q2 2025.
  • Water sales revenue up 55% to $39.7M in Q2 2026 from $25.6M, on 37.5% volume growth.
  Notable

  • Desalination facility construction complete, commissioning started; cumulative spend $55.8M through June 30, 2026.
  • Paid $83.2M in dividends in H1 2026, no share repurchases; $500M undrawn credit facility, $248.6M cash.
  • Easements and other surface income fell 35% to $23.7M in Q2 2026 from $36.2M, due to $15M lower pipeline easements.

What changed: Jun 2026 vs. Mar 2026

About 14% of TPL's Jun 2026 10-Q is new information. 34 paragraphs were added, 128 changed, and 9 removed. Below are the most important lines SECSift identified.

• Item 2 66
• Item 1 56
• Item 6 4
• Item 4 2