Texas Pacific Land Highlights Water, Desalination, Data Center Growth
Texas Pacific Land Corporation presented its investor day, highlighting significant growth in its water segment, advanced desalination initiatives, and strategic entry into the data center market. The company reported $386 million in FY 2025 revenue from its surface estate, with its water services and operations achieving a 52% net income margin. TPL's Phase 2 freeze desalination facility, with a 10,000 bbl/d capacity, is set to commence operations in May 2026, alongside plans for commercial-scale deployment and exploration of multiple ancillary revenue opportunities. Additionally, TPL is leveraging its land and resources to support large-scale data center development in West Texas, including a $50 million investment in Bolt Data & Energy.
Key Highlights
- FY 2025 Surface Estate Revenue: $386 million, 48% of consolidated revenue.
- Water Services & Operations Net Income Margin: 52% in FY 2025.
- Phase 2 Freeze Desalination Facility: 10,000 bbl/d capacity, operations commence May 2026.
- Produced Water Royalty Revenue: $124 million in FY 2025, with 4.3M Bbl/d volumes.
- Water Sales Volumes: Increased from 44 mbbl/d in 2017 to 763 mbbl/d in 2025.
- TPL invested $50 million in Bolt Data & Energy in December 2025 for data center development.
- Water Segment Post-tax Cash Flow: $811 million from 2017-2025.
Price Impact
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