Company facts
- Industry
- Oil Royalty Traders
- Headquarters
- Dallas, Texas
- Most recent report
- 10-Q, filed Nov 4, 2026
- Incorporated
- Delaware
- Filings on record
- 1,000+ filings
- On EDGAR
- CIK 1811074
- Fiscal year ends
- December
- Filer status
- Large accelerated filer
Financials 8 of 14
News 8 of 38
- 8-K Quarterly results Nov 4, 2026
- 8-K Leadership change Sep 25, 2026
- 8-K Quarterly results Aug 5, 2026
- 8-K Current report on a material event Jun 23, 2026
- 8-K Current report on a material event May 18, 2026
- 8-K Quarterly results May 6, 2026
- 8-K Current report on a material event Apr 9, 2026
- 8-K Quarterly results Feb 18, 2026
Prospectuses and Registrations 1
Proxies 8 of 12
- DEFA14A Extra proxy material Oct 23, 2026
- DEFA14A Extra proxy material Oct 8, 2026
- DEFA14A Extra proxy material Sep 25, 2026
- DEFA14A Extra proxy material Sep 25, 2026
- DEF 14A Proxy statement for a shareholder vote Sep 25, 2026
- PRE 14A Preliminary proxy statement Sep 11, 2026
- DEFA14A Extra proxy material Sep 26, 2025
- DEF 14A Proxy statement for a shareholder vote Sep 26, 2025
Ownership 8 of 925
- 4 Insider reported a trade Nov 3, 2026
- SCHEDULE 13G Large holder reported a passive stake Oct 30, 2026
- 4 Insider reported a trade Oct 1, 2026
- 4 Insider reported a trade Sep 29, 2026
- 4 Insider reported a trade Sep 29, 2026
- 4 Insider reported a trade Sep 25, 2026
- 4 Insider reported a trade Sep 24, 2026
- 4 Insider reported a trade Sep 23, 2026
Other 8 of 10
- ARS Annual report sent to shareholders Sep 25, 2026
- UPLOAD Comment letter from SEC staff Nov 21, 2025
- CORRESP Reply to SEC staff Oct 10, 2025
- CORRESP Reply to SEC staff Oct 1, 2025
- ARS Annual report sent to shareholders Sep 26, 2025
- UPLOAD Comment letter from SEC staff Sep 19, 2025
- CERT Exchange certified a listing Aug 14, 2025
- 8-A12B Registration of a security for exchange listing Aug 14, 2025
What to read: Sep 2026 10-Q
SECSift found 2 of 13 sections worth reading, with 3 positive, 12 notable, and 0 negative flags.
Financial Statements (Item 1)
Large land/royalty acquisitions, new Chevron deal, $500M undrawn credit facility, and segment results.Notable- $500M credit facility remains undrawn as of Sep 30, 2026; interest expense of $2.9M incurred on it.
- Bought $60M of transferable federal tax credits for $55.8M, reducing income tax expense by $4.2M.
- Share of oil and gas produced rose to 39.7 thousand Boe/day for nine months ended Sep 30, 2026, from 33.6 thousand.
- After period end, acquired additional land and royalty interests for $145.0 million in October 2026.
Management's Discussion (Item 2)
Full MD&A with segment results, liquidity, land deals, and desalination capex.PositiveNotable- Three-for-one stock split effected December 22, 2025; all per-share data retroactively adjusted.
- Land acquisitions totaled $122.7M in nine months ended Sep 2026; $145M more bought in Oct 2026 post-quarter.
- Chevron land deal: sold land for $42.5M, recognized $20.9M revenue at closing, with deferred payments through 2046.
- Desalination facility construction complete; cumulative spend $65.4M through Sep 2026, $55.3M capitalized.
- No share repurchases in nine months ended Sep 2026; paid $124.6M in dividends vs $111.0M a year earlier.
- Water sales revenue fell 36% to $28.4M in Q3 2026 from $44.6M in Q3 2025, on lower prices and volumes.
- Produced water royalties rose 28% to $41.4M in Q3 2026 from $32.3M in Q3 2025, on 27% volume growth.
- Land sales revenue surged to $21.1M in nine months ended Sep 2026 from $0.8M, driven by Chevron deal.
What changed: Sep 2026 vs. Jun 2026
About 6% of TPL's Sep 2026 10-Q is new information. 16 paragraphs were added, 152 changed, and 7 removed. Below are the most important lines SECSift identified.
Changed
- Cash and cash equivalents rose to $369.6 million from $248.6 million.
- Oil price description updated: now says 'over $90 per barrel during portions of 2026' instead of 'from March through early-June'.
- Exhibit 101 now refers to the quarter ended September 30, 2026, up from June 30, 2026.
- Exhibit 104 now references the quarter ended September 30, 2026, instead of June 30, 2026.
- Henry Hub natural gas prices now 'roughly flat' vs 'increased approximately 4%' in prior filing.
- Surface acres rose to 896,000 from 894,000.
- WTI oil price increase for nine months ended Sep 30, 2026 was 27% vs 24% for six months ended Jun 30, 2026.
Everything here comes from Texas Pacific Land Corp's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Nov 4, 2026, from the 10-Q for Sep 2026.