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Texas Pacific Land 8-K Report, Financial Results (Aug 5, 2026)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed August 5, 2026
Period End
August 5, 2026
Security
TPL
In the record · 2020–202610-K610-Q188-K72

TPL filed 6 annual reports (10-K), 18 quarterly reports (10-Q) and 72 current reports (8-K) between 2020 and 2026.

  1. Change in control8-K · Jan ’21Jan ’21
  2. Leadership change8-K · Apr ’22Apr ’22
  3. Leadership change8-K · Oct ’23Oct ’23
  4. Material agreement8-K · Oct ’25Oct ’25

01—Abstract

Summary

Summary of the 8-K filed August 5, 2026. Cited figures are marked; the original filing is the authoritative source.

Texas Pacific Land Corporation (TPL) reported record second-quarter 2026 results, per Exhibit 99.1, a press release furnished with this Form 8-K.

Total revenues were $246.1 milliona, up from $236.8 million in the first quarter of 2026. Net income was $153.9 million, or $2.23 per diluted share, compared with $142.9 million in the first quarter. Adjusted EBITDA was $215.6 million and free cash flow was $155.5 million.

The company attributed the sequential revenue increase mainly to a $27.4 millionb rise in oil and gas royalty revenue, and noted that its average realized price rose to $42.17 per Boe from $37.06 per Boe. Oil and gas royalty production was 39.7 thousand Boe per day, and produced water royalty volumes reached 4.9 million barrels per day. Management highlighted strategic developments, including an agreement with a Chevron subsidiary to provide land and brackish water resources for Project Kilby, a multi-gigawatt power generation and data center hub in Reeves County, Texas.

The company also reported $110.2 millionc of aggregate land acquisitions in Shackelford and Jones Counties, Texas, tied to its data center and power generation efforts. Construction and commissioning of the Phase 2B produced water desalination facility in Orla, Texas, with anticipated capacity of 10,000 inlet barrels per day, was completed and started. The company declared a quarterly dividend of $0.60 per share, payable September 15, 2026.

The company reported cash and equivalents of $248.6 milliond and no debt as of June 30, 2026, according to the accompanying investor presentation (Exhibit 99.2). Exhibit 99.2 also includes an updated August 2026 investor presentation posted to the company's website for use in investor and analyst meetings.

02—Key points

Key Highlights

  1. Record second-quarter 2026 results: total revenues of $246.1 million, net income of $153.9 million ($2.23 per diluted share), and adjusted EBITDA of $215.6 million.
  2. Free cash flow of $155.5 million for the quarter, versus $136.4 million in the first quarter of 2026.
  3. Average realized price of $42.17 per Boe, up from $37.06 per Boe in the first quarter, and oil and gas royalty production of 39.7 thousand Boe per day.
  4. Agreement with a Chevron subsidiary to provide land and brackish water for Project Kilby, a multi-gigawatt power and data center hub in Reeves County, Texas.
  5. $110.2 million of aggregate land acquisitions in Shackelford and Jones Counties, Texas, for data center and power generation initiatives.
  6. Completed construction and began commissioning of the Phase 2B produced water desalination facility in Orla, Texas, with anticipated capacity of 10,000 inlet barrels per day.
  7. Quarterly dividend of $0.60 per share declared August 4, 2026, payable September 15, 2026.

03—Questions

Frequently Asked Questions

  1. What were TPL's record second-quarter 2026 financial results?

    Total revenues were $246.1 million, net income was $153.9 million or $2.23 per diluted share, adjusted EBITDA was $215.6 million, and free cash flow was $155.5 million.

  2. What drove the sequential increase in revenue?

    The company attributed the $9.3 million sequential revenue increase primarily to a $27.4 million increase in oil and gas royalty revenue, a $6.3 million increase in easements and other surface-related income, and a $3.5 million increase in produced water royalties, partially offset by a $20.9 million change in land sales revenue and a $7.1 million decrease in water sales.

  3. What is the Project Kilby agreement?

    TPL agreed with a Chevron Corporation subsidiary to provide land and brackish water resources for Project Kilby, a large-scale power generation facility Chevron is developing to support a customer data center in Reeves County, Texas.

  4. What is TPL's dividend and balance sheet position?

    The board declared a $0.60 per share quarterly cash dividend payable September 15, 2026. Per the investor presentation, TPL had cash and equivalents of $248.6 million and no debt as of June 30, 2026.

04—Continue

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