Earnings ·
Texas Pacific Land Corporation reported second quarter 2026 net income of $153.9 million, or $2.23 per share diluted…
TPLTexas Pacific Land Corp
Texas Pacific Land Corporation reported second quarter 2026 net income of $153.9 million, or $2.23 per share diluted, driven by record oil and gas royalty production of 39.7 thousand barrels of oil equivalent per day and consolidated revenues of $246.1 million. The company also announced a quarterly cash dividend of $0.60 per share, payable on September 15, 2026 to stockholders of record as of September 1, 2026. Additionally, TPL disclosed an agreement with Chevron for Project Kilby and completed construction on a 10,000 barrel per day produced water desalination test facility in Orla, Texas. Texas Pacific Land Corporation is one of the largest land and royalty owners in Texas, generating revenue through oil and gas royalties, surface easements, and water services.