Texas Pacific Land Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, reporting nine-month net income of $464.2 million and third-quarter net income of $167.4 million.

Key Highlights

  • Nine-month net income: $464,200 thousand, up from $358,030 thousand in the same period of 2025, according to the filing.
  • Third-quarter total revenues: $273,390 thousand for the three months ended September 30, 2026, compared to $203,085 thousand in Q3 2025.
  • Oil and gas royalties: $431,031 thousand for the nine months ended September 30, 2026, versus $314,956 thousand in the prior-year period.
  • Diluted EPS: $2.42 per share for Q3 2026 and $6.73 per share for the nine months ended September 30, 2026.
  • Cash dividend: $0.60 per share of common stock declared for Q3 2026, up from $0.54 in Q3 2025.
  • Total assets: $1,988,064 thousand as of September 30, 2026, compared to $1,623,278 thousand at December 31, 2025.
  • Cash and cash equivalents: $369,558 thousand at September 30, 2026, rising from $144,809 thousand at December 31, 2025.

Texas Pacific Land Revenue and Income Results for the Nine Months Ended September 30, 2026

According to the filing, Texas Pacific Land Corporation (NYSE:TPL) reported total revenues of $756,267 thousand for the nine months ended September 30, 2026, compared to $586,611 thousand in the same period of 2025. The increase was driven primarily by oil and gas royalties, which rose to $431,031 thousand from $314,956 thousand, and produced water royalties, which grew to $111,990 thousand from $90,705 thousand. Water sales for the nine-month period were $115,033 thousand, up from $108,968 thousand, while easements and other surface-related income reached $77,158 thousand versus $71,163 thousand in the prior year.

For the three months ended September 30, 2026, the company disclosed operating income of $207,783 thousand, compared to $149,091 thousand in Q3 2025. Total operating expenses for the nine months were $174,339 thousand, versus $143,696 thousand in the prior-year period, reflecting higher depreciation, depletion and amortization of $53,515 thousand compared to $40,603 thousand, and increased general and administrative expenses of $27,235 thousand versus $17,356 thousand. Income tax expense for the nine-month period was $123,454 thousand, up from $100,534 thousand a year earlier.

The filing reported that cash provided by operating activities was $527,260 thousand for the nine months ended September 30, 2026, compared to $432,238 thousand in the prior-year period. Cash used in investing activities totaled $169,425 thousand, including $122,740 thousand for acquisition of real estate. As of September 30, 2026, shares of common stock outstanding were 68,974,683 at a par value of $0.01 per share. The company disclosed dividends paid of $124,568 thousand for the nine months ended September 30, 2026.

What Was Disclosed

Texas Pacific Land Corporation disclosed its unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026, covering revenues, expenses, net income, earnings per share, cash flows, and balance sheet data as of that date.