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 4 positive, 6 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Core financial results with strong growth, strategic land acquisitions, and new Chevron deal.
  Notable

  • Land acquisitions H1 2026 $110.2M (vs $4.5M H1 2025), including for data center and power gen.
  • Chevron Project Kilby: land sale $42.5M with deferred payments; financing receivable $21.4M at 7.5%.
  • $500M undrawn revolving credit facility matures 2029; springing security lien if leverage >2.5x.
  • Purchased $60M federal tax credits for $55.8M, reducing Q2 2026 effective tax rate by ~2%.

• Management's Discussion (Item 2)

  Detailed financial results, operational metrics, and significant transactions (Chevron, tax credits, desalination).
  Positive

  • Net income $153.9M in Q2 2026, up 33% from $116.1M in Q2 2025.
  • Oil&gas royalty revenue $145.6M in Q2 2026, up 53% from $95.0M; production +20%.
  • Water sales revenue $39.7M in Q2 2026, up 55% from $25.6M; volumes +37.5%.
  • Produced water royalties $37.1M in Q2 2026, up 21% from $30.7M; volumes +14.7%.
  Notable

  • Desalination facility (10,000 bbl/day) complete and commissioning started; cumulative spend $55.8M.
  • No share repurchases in H1 2026; paid $83.2M in dividends (up from $74.2M in H1 2025).
  Negative

  • Easements and other surface-related income $18.3M in Q2, down 45% from $33.5M, mostly 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