Quarterly ResultMay 6, 2026, 04:27 PM
Texas Pacific Land Q1 Net Income +18.4% to $142.9M; EPS $2.07
AI Summary
Texas Pacific Land Corp reported strong first-quarter results with net income increasing by 18.4% to $142.9 million and total revenues rising 20.8% to $236.8 million. The company also recorded $20.9 million in land sale revenue from an arrangement to support data center operations. The Board declared a quarterly cash dividend of $0.60 per share.
Key Highlights
- Net income increased 18.4% to $142.9 million for Q1 2026.
- Total revenues rose 20.8% to $236.8 million in Q1 2026.
- Basic EPS grew 18.3% to $2.07 per share.
- Land sale generated $20.9 million in revenue and a $21.0 million financing receivable.
- Land and Resource Management segment revenue was $153.6 million, up 21.3%.
- Water Services and Operations segment revenue was $83.3 million, up 20.0%.
- Cash provided by operating activities was $162.0 million.
- Quarterly cash dividend of $0.60 per share declared.
Price Impact
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