Texas Pacific Land Q2 FY26 net income rises to $153.9 million; revenue climbs to $246.1 million

TPL•2026-08-05

Production and pricing

Oil and gas royalty production increases to 39,700 Boe/d from 37,100 Boe/d; average realized price rises to USD 42.17/Boe from USD 37.06/Boe.

Water royalties and sales

Produced water royalties increase to USD 37.1 million from USD 33.5 million; water sales slip to USD 39.7 million from USD 46.9 million.

Dividend and facility update

A new quarterly dividend of USD 0.60 a share is declared; commissioning begins at the Orla produced-water desalination test facility with 10,000 bbl/d capacity.

Quarterly net income and revenue increase

Texas Pacific Land posts Q2 net income of USD 153.9 million, up from USD 142.9 million in Q1; diluted EPS rises to USD 2.23 from USD 2.07.

Texas Pacific Land Q2 FY26 net income rises to $153.9 million; revenue climbs to $246.1 million

Production and pricing

Water royalties and sales

Dividend and facility update

Quarterly net income and revenue increase

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