Texas Pacific Land Corporation (TPL) Financials
Key financial figures for Texas Pacific Land Corporation (Q2 2026).
Texas Pacific Land posts record quarterly revenue, net income and free cash flow on record royalty and water volumes. Consolidated revenue of $246.1 million, up from $236.8 million in Q1 2026, driven by record oil and gas royalty production and produced water royalty volumes. Net income of $153.9 million and diluted EPS of $2.23, both quarterly records for the company. Free cash flow of $155.5 million, continuing the sequential improvement from $154.7 million in Q1 2026. Land and Resource Management revenue of $163.9 million and Water Services and Operations revenue of $82.2 million. Oil and gas royalty production reached 39.7 thousand Boe per day at an average realized price of $42.17 per Boe. On the outlook: Management reaffirmed full-year 2026 capital expenditure guidance of $65 million to $75 million, including approximately $20 million for waste heat capture and data center co-location work at the Orla facility (per company IR press release and Yahoo Finance earnings call coverage, 2026-08-06). No revenue or earnings guidance was provided. Figures are for Q2 2026, as Texas Pacific Land Corporation reported them.
- Revenue
- $246M
- Net Income
- $154M
- EPS
- $2.23
- Total Assets
- $1.9B
- Operating Cash Flow
- $173M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $246M | $154M | $2.23 | 77.96% | $151M |
| Q1 FY2026 | $237M | $143M | $2.07 | 76.99% | $155M |
| Q4 FY2025 | $212M | $123M | $1.78 | 70.54% | $85M |
| Q3 FY2025 | $203M | $121M | $1.76 | 73.41% | $136M |
| Q2 FY2025 | $188M | $116M | $1.68 | 76.65% | $118M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $798M | $481M | $6.97 | 74.19% | $486M |
| FY2024 | $706M | $454M | $6.57 | 76.38% | $461M |
| FY2023 | $632M | $406M | $5.86 | 76.96% | $403M |
Frequently asked questions
What was Texas Pacific Land Corporation's revenue last quarter?
Texas Pacific Land Corporation reported revenue of $246.1 million for Q2 FY2026, up 31.2% from the same period a year earlier.
Is Texas Pacific Land Corporation profitable?
Yes. Texas Pacific Land Corporation reported net income of $153.9 million for Q2 FY2026, a net margin of 62.56% on revenue.
How has Texas Pacific Land Corporation's margin trended?
Operating margin was 77.96% in Q2 FY2026, compared with 76.65% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Texas Pacific Land Corporation generate?
Texas Pacific Land Corporation generated free cash flow of $151.0 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Texas Pacific Land Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.