Texas Pacific Land Corp

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.

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.

Texas Pacific Land Corporation announced an agreement to provide land and brackish water resources to Chevron U.S.A. Inc. for its Project Kilby, a large-scale power generation facility supporting a customer data center in Reeves County, West Texas. TPL contributed surface acreage in exchange for cash and the exclusive right to source aquifer-derived water for the project. This partnership leverages TPL's extensive land and water resources in the Permian Basin, reinforcing its commitment to responsible water stewardship by utilizing brackish groundwater and reducing demand on freshwater.

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.

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.

Texas Pacific Land reported record first-quarter 2026 revenues of $236.8 million and net income of $142.9 million, or $2.07 per diluted share. The company saw strong performance across oil and gas royalties, water sales, and produced water royalties, supported by a $20.9 million land sale for a data center and power generation project. Additionally, Peter Doyle, Co-CEO of Horizon Kinetics (TPL's largest shareholder), was appointed to the Board of Directors and its strategic acquisitions committee, following a Board Representative Agreement. The Board also declared a quarterly cash dividend of $0.60 per share.

Texas Pacific Land Corporation (TPL) announced on April 9, 2026, the passing of Murray Stahl, a respected member of its Board of Directors. Mr. Stahl was also a prominent figure in the investment community, serving as the Chief Executive Officer, Chairman of the Board, and Chief Investment Strategist of Horizon Kinetics Holding Corporation. Horizon Kinetics, through its various subsidiaries, is noted as TPL's largest shareholder, making Mr. Stahl's passing a significant event for both the company's governance and its major investor base.