Texas Pacific Land Corp (TPL) Form 8-K — Aug 5, 2026
Texas Pacific Land Corporation reported record second quarter 2026 results on August 5, 2026, with consolidated revenues of $246.1 million, record net income of $153.9 million ($2.23 per diluted share), Adjusted EBITDA of $215.6 million, and record free cash flow of $155.5 million. The quarter was powered by record oil and gas royalty production of 39.7 thousand Boe per day and record produced water royalty volumes of 4.9 million barrels per day. First-half revenue rose to $482.9 million from $383.5 million a year earlier, with six-month net income of $296.8 million versus $236.8 million in the prior-year period.
Key figures
- Eps
- $2.23 diluted (Q2 2026)
- Revenue
- $246.1 million (Q2 2026)
- Net Income
- $153.9 million (Q2 2026); $296.8 million (six months ended 6/30/2026)
- Total Debt
- $0 (no debt outstanding)
- Revenue Yoy
- ~+26% for six months ($482.9M vs $383.5M; derived from stated figures)
- Cash Position
- $248.6 million (as of 6/30/2026, per investor presentation)
- Dividends paid 6m
- $83.2 million
- Land acquisitions
- $110.2 million (Shackelford and Jones Counties, TX)
- Net well inventory
- 18.4 net wells (5.6 permits, 9.5 DUCs, 3.4 CUPs)
- Oil realization q2
- $97.55/bbl
- Quarterly dividend
- $0.60 per share, payable September 15, 2026
- Net producing wells
- 131.9 as of 6/30/2026
- Free cash flow q2 2026
- $155.5 million
- Adjusted ebitda q2 2026
- $215.6 million
- Six month free cash flow
- $291.9 million
- Realized price per boe q2
- $42.17
- Natural gas realization q2
- $0.40/Mcf
- Oil gas royalty production q2
- 39.7 MBoe/d (record)
- Produced water royalty volumes q2
- 4.9 million bbl/d (4,872 MBbl/d, record)
- Land resource management revenue q2
- $163.9 million
- Produced water royalties revenue q2
- $37.1 million
- Water services operations revenue q2
- $82.2 million
Price after filing
Close on the filing date to close N calendar days later (from $395.52). Historical, not a forecast.
AI analysis
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