Quarterly ResultAug 5, 2026, 04:30 PM
Texas Pacific Land Q2 Revenue +31% to $246.1M; Net Income +33%
AI Summary
Texas Pacific Land Corp. reported strong financial results for Q2 2026, with total revenues increasing 31% to $246.1 million and net income rising 33% to $153.9 million. For the six months ended June 30, 2026, revenues grew 26% to $482.9 million and net income increased 25% to $296.8 million. The company also announced a significant land sale agreement with Chevron U.S.A. Inc. for Project Kilby, generating $20.9 million in land sales revenue.
Key Highlights
- Q2 2026 total revenues increased 31% to $246.1 million from $187.5 million in Q2 2025.
- Q2 2026 net income rose 33% to $153.9 million, with basic EPS at $2.23.
- Six-month 2026 total revenues increased 26% to $482.9 million from $383.5 million in 2025.
- Six-month 2026 net income grew 25% to $296.8 million, with basic EPS at $4.30.
- Entered land sale agreement with Chevron for Project Kilby, recognizing $20.9 million in revenue.
- Acquired $110.2 million in land, including for data center and power generation initiatives.
- Cash and cash equivalents stood at $248.6 million as of June 30, 2026.
- $170.2 million remains authorized under the stock repurchase program.
Price Impact
More from TPL