Texas Pacific Land Corp is expected to release its Q3 2026 10-Q filing on November 3, 2026. Last quarter: TPL posted strong Q2 FY2026 results with 31% revenue growth driven by higher oil prices and royalty production, while accelerating land investments in data center and water infrastructure.
EPS Estimate
$2.42
Revenue Estimate
$271.19M
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the TPL page.
Drawn from management commentary in the Q2 2026 10-Q:
Oil and gas royalty revenue reached $145.6 million, up 53.2% from the prior year, driven by a 24% increase in average WTI oil prices and a 28% increase in average realized price per barrel of oil equivalent. Production volumes also rose to 39.7 Mboe/d.
Water sales revenue increased to $39.7 million, benefiting from a 37.5% rise in water volumes and a 13% increase in average realized pricing year-over-year.
Easements and other surface-related income fell to $18.3 million from $33.5 million, primarily due to a $15.0 million reduction in pipeline easements, reflecting the unpredictable nature of such revenue.
Revenue
$246.06M
+31.20% YoY
EPS (Diluted)
$2.23
+32.74% YoY
Operating Income
$191.82M
+33.44% YoY
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