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Texas Pacific Land Corporation — Third Quarter 2026 Earnings Summary

  • Consolidated revenue reached $273.4 million in Q3 2026, up 11% sequentially from Q2 2026, while net income rose to $167.4 million ($2.42 diluted EPS) compared to $153.9 million in the prior quarter; nine-month revenue and net income increased 29% and 30% year-over-year to $756.3 million and $464.2 million, respectively.
  • Adjusted EBITDA for Q3 2026 was $238.4 million, up from $215.6 million in Q2 2026, and free cash flow totaled $170.3 million for the quarter, with nine-month free cash flow reaching $462.3 million, a 22% increase over the prior year period.
  • Strategic progress includes the commissioning of the Phase 2B desalination facility in Orla, Texas, and an agreement with Chevron to provide resources for the Project Kilby power generation facility, alongside $122.7 million in aggregate land acquisitions for data center and power initiatives.
  • Management highlighted record production volumes of 42.3 thousand Boe per day and 5.5 million barrels per day of produced water royalties, driven by robust Permian Basin activity and elevated commodity prices, while declaring a $0.60 per share quarterly dividend payable December 15, 2026.
Company
TEXAS PACIFIC LAND CORP
Sector
Energy
Industry
Oil & Gas E&P