Quarterly ResultAug 5, 2026, 04:24 PM
Texas Pacific Land Q2 Net Income $153.9M, Record Free Cash Flow $155.5M
AI Summary
Texas Pacific Land Corp announced record financial and operating results for the second quarter of 2026, with consolidated net income of $153.9 million and free cash flow of $155.5 million. The company also reported record revenues of $246.1 million, driven by record oil and gas royalty production and produced water royalty volumes. Strategic developments include involvement in Project Kilby, land acquisitions for data center expansion, and the commissioning of a new produced water desalination facility. A quarterly cash dividend of $0.60 per share was also declared.
Key Highlights
- Consolidated net income reached a record $153.9 million, or $2.23 per diluted share.
- Free cash flow hit a record $155.5 million for the quarter.
- Consolidated revenues were $246.1 million, a record for the company.
- Oil and gas royalty production was a record 39.7 thousand Boe per day.
- Produced water royalty volumes reached a record 4.9 million barrels per day, generating $37.1 million.
- Declared a quarterly cash dividend of $0.60 per share, payable September 15, 2026.
- Announced involvement in Project Kilby and acquired $110.2 million in land for data center initiatives.
- Completed construction and began commissioning a 10,000 bbl/day produced water desalination facility.
Price Impact
More from TPL