Earnings summaries and quarterly performance for Texas Pacific Land.
Executive leadership at Texas Pacific Land.
Board of directors at Texas Pacific Land.
Research analysts who have asked questions during Texas Pacific Land earnings calls.
Recent press releases and 8-K filings for TPL.
Texas Pacific Land Corporation Reports Record Q3 2025 Results and Announces Stock Split
TPL
Earnings
M&A
New Projects/Investments
- Texas Pacific Land Corporation achieved a record third quarter in 2025, with consolidated total revenue exceeding $200 million for the first time at $203 million, and consolidated Adjusted EBITDA of $174 million.
- The company reported record operational volumes, including oil and gas royalty production of approximately 36,300 barrels of oil equivalent per day, a 28% increase year-over-year, and record water sales of $45 million, representing 23% growth year-over-year.
- TPL announced the acquisition of approximately 17,300 net royalty acres for $474 million, funded by cash on its balance sheet, and 8,100 surface acres in Martin County, Texas.
- The board approved a three-for-one stock split of the company's common stock, expected to be completed in December 2025.
- At quarter-end, TPL maintained a strong financial position with $532 million of cash and cash equivalents and no debt, having also closed on an undrawn $500 million credit facility to support future growth opportunities.
Nov 6, 2025, 3:30 PM
Texas Pacific Land Corporation Reports Record Q3 2025 Results, Announces Acquisitions and Stock Split
TPL
Earnings
M&A
Revenue Acceleration/Inflection
- Texas Pacific Land Corporation (TPL) achieved a record quarter for Q3 2025, with consolidated total revenue reaching $203 million and consolidated adjusted EBITDA at $174 million.
- Oil and gas royalty production hit a record of approximately 36,300 barrels of oil equivalent per day, representing a 28% increase year-over-year, while water sales were a record $45 million, showing 74% sequential growth.
- The company announced significant acquisitions, including approximately 17,300 net royalty acres for $474 million on November 3, 2025, and 8,100 surface acres in September 2025.
- TPL's board approved a three-for-one stock split of its common stock, expected to be completed in December 2025.
- As of quarter-end, TPL maintained a strong financial position with $532 million in cash and cash equivalents and no debt, complemented by an undrawn $500 million credit facility.
Nov 6, 2025, 3:30 PM
Texas Pacific Land Corporation Reports Record Q3 2025 Results, Announces Acquisitions and Stock Split
TPL
Earnings
M&A
New Projects/Investments
- Texas Pacific Land Corporation (TPL) reported a record third quarter 2025, with consolidated total revenue of $203 million and adjusted EBITDA of $174 million.
- Operational highlights include record oil and gas royalty production of approximately 36,300 barrels of oil equivalent per day and record water sales of $45 million.
- The company announced the acquisition of approximately 17,300 net royalty acres for $474 million on November 3, 2025, and 8,100 surface acres in September.
- TPL's board approved a three-for-one stock split of its common stock, expected to be completed in December 2025.
- The company maintains a strong financial position with $532 million in cash and cash equivalents and no debt as of quarter-end, and recently closed on a $500 million undrawn credit facility.
Nov 6, 2025, 3:30 PM
Texas Pacific Land Corporation Announces Strong Q3 2025 Results, Strategic Acquisitions, and Stock Split
TPL
Earnings
M&A
Dividends
- Texas Pacific Land Corporation reported consolidated net income of $121.2 million, or $5.27 per diluted share, and total revenues of $203.1 million for the third quarter of 2025, including record quarterly revenues and net income from its Water Services and Operations segment.
- The company executed a purchase agreement for approximately 17,306 net royalty acres and acquired 8,147 surface acres in September 2025 for a combined aggregate purchase price of $505 million in all-cash transactions, with the royalty acquisition closing on November 3, 2025.
- TPL's Board of Directors approved a three-for-one stock split of its common stock on November 3, 2025, which is expected to be completed in December 2025.
- A new $500 million revolving credit facility was completed on October 23, 2025, remaining undrawn as of November 5, 2025, and a quarterly cash dividend of $1.60 per share was declared on November 3, 2025.
Nov 5, 2025, 9:17 PM
TPL Completes Inaugural $500 Million Credit Facility
TPL
Debt Issuance
New Projects/Investments
- Texas Pacific Land Corporation (TPL) completed a new $500 million revolving credit facility on October 23, 2025, which was substantially oversubscribed by twelve financial institutions.
- The facility bears interest at SOFR plus 2.25% to 2.50%, based on TPL's debt-to-EBITDA leverage ratio, and includes a $250 million accordion option.
- The Credit Facility matures on October 23, 2029, and was undrawn at close, with proceeds designated for capital expenditures, working capital, acquisitions, and general business purposes.
- TPL must maintain a consolidated interest coverage ratio of not less than 3.0 to 1.0 and a consolidated total leverage ratio of not greater than 3.50 to 1.0 at the end of each fiscal quarter.
Oct 27, 2025, 8:41 PM
Texas Pacific Land Corp Announces Record Q1 2025 Results
TPL
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Financial Performance: The company reported consolidated revenue of $196 million, adjusted EBITDA of $169 million with an 86.4% margin, and free cash flow of $127 million in Q1 2025.
- Operational Highlights: Oil and gas royalty production averaged 31,100 barrels per day (a 25% year-over-year increase) while water segment revenue reached $69 million, and near-term well inventory hit a record 24.3 net wells.
- Strong Balance Sheet & Strategic Initiatives: With a net cash position of $460 million and 0 debt as of March 31, the firm is well-positioned to benefit from pipeline projects, easement renewal escalators, and further development opportunities.
May 8, 2025, 2:31 PM
Texas Pacific Land Corp Announces Q1 2025 Results
TPL
Earnings
Dividends
Revenue Acceleration/Inflection
- Q1 2025 highlights include a record oil and gas royalty production of 31.1 thousand Boe/day, record Water Services revenue of $69.4 million, and a consolidated net income of $120.7 million (diluted EPS of $5.24 per share).
- Sequential improvements saw total revenues rise from $185.8 million in Q4 2024 to $196.0 million in Q1 2025, with Adjusted EBITDA of $169.4 million and free cash flow of $126.6 million; an earnings call is scheduled for May 8, 2025.
May 7, 2025, 12:00 AM
Texas Pacific Land Corp Reports Record Q4 Performance and Strategic Investment Update
TPL
Earnings
Dividends
New Projects/Investments
- Strong Q4 Financial Performance: The company reported Q4 consolidated revenues of $186 million, adjusted EBITDA of $161 million with an 87% margin, and diluted EPS of $5.14, reflecting robust operational efficiency.
- Record Production and Operational Growth: Q4 royalty production increased by 11% sequentially with significant YoY gains in oil and gas production, water sales, and produced water royalties, supporting momentum in Permian operations.
- Robust Free Cash Flow and Capital Allocation: For full year 2024, TPL generated a record free cash flow of $461 million (11% YoY increase), and returned $376 million to shareholders via dividends and buybacks, including a 37% YoY increase to $1.60 per share.
- Strategic Investments and Future Growth Initiatives: The company made over $400 million in Permian asset acquisitions and is advancing projects like a 10,000 barrel-per-day desalination facility and co-located gas generation, with FY 2025 CAPEX expected to be $65–75 million.
Feb 20, 2025, 1:31 PM
Texas Pacific Land Corp Reports Q4 2024 Results
TPL
Earnings
Dividends
M&A
- The company reported Q4 2024 net income of $118.4 million (or $5.14 per diluted share), with adjusted EBITDA of $161.3 million and free cash flow of $123.7 million, underlining strong quarterly performance.
- In Q4 2024, Texas Pacific Land Corp executed a significant acquisition of mineral interests covering 7,490 net royalty acres for $275.2 million in an all-cash transaction, enhancing its asset base.
- For the full year 2024, the company achieved record performance metrics including oil and gas royalty production of 26.8 thousand Boe per day and consolidated net income of $454.0 million (or $19.72 EPS), strongly supported by its diversified revenue streams in water sales and produced water royalties.
Feb 19, 2025, 12:00 AM
Recent SEC filings and earnings call transcripts for TPL.
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