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TPL 8-K filings, explained
Every material Form 8-K Texas Pacific Land has filed with the SEC since November 01, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Texas Pacific Land reported third-quarter 2026 results, with total revenues of $273.4 million and net income of $167.4 million, or $2.42 per diluted share, up from $246.1 million of revenue and $153.9 million of net income in the second quarter. The company also posted an updated investor presentation and declared a $0.60 quarterly dividend, which gives shareholders a clear view of royalty-driven earnings growth.
Q3 2026 total revenues were $273.4 million, compared with $246.1 million in Q2 2026.
Net income was $167.4 million, or $2.42 per diluted share, compared with $153.9 million, or $2.23 per diluted share, in Q2 2026.
Oil and gas royalty revenue was $167.3 million, on production of 42.3 thousand Boe per day.
A $0.60 per share quarterly dividend was declared November 2, 2026, payable December 15, 2026 to holders of record on December 1, 2026.
Texas Pacific Land amended the employment agreements of CEO Tyler Glover, CFO Chris Steddum and General Counsel Micheal W. Dobbs, extending their expiration date from December 31, 2026 to December 31, 2029. The company also said its 2027 annual meeting is planned for May 6, 2027, which is more than 30 days earlier than the anniversary of its 2026 meeting, so stockholder proposals and nominations have deadlines set by the filing.
Employment agreements for Tyler Glover (CEO), Chris Steddum (CFO) and Micheal W. Dobbs (SVP, Secretary and General Counsel) now run to December 31, 2029.
Agreements renew automatically for one-year terms unless either party gives notice at least 120 days before the term ends.
2027 annual meeting intended for May 6, 2027; 2026 annual meeting is scheduled for November 5, 2026.
Stockholder proposals for the 2027 proxy materials are due by November 27, 2026; other nominations or proposals must be received between January 6, 2027 and February 5, 2027.
Texas Pacific Land reported second-quarter 2026 total revenues of $246.1 million and net income of $153.9 million, or $2.23 per diluted share, up from $236.8 million and $142.9 million, or $2.07 per share, in the first quarter. The increase was driven mainly by a $27.4 million rise in oil and gas royalty revenue, with the average realized price rising to $42.17 per barrel of oil equivalent from $37.06. The company also declared a $0.60 quarterly dividend payable September 15, 2026, and disclosed an agreement to provide land and brackish water for Chevron's Project Kilby power and data center hub in Reeves County, Texas.
Total revenues of $246.1 million for Q2 2026, up from $236.8 million in Q1 2026
Net income of $153.9 million, or $2.23 per diluted share, versus $142.9 million, or $2.07, in Q1 2026
Free cash flow of $155.5 million for Q2 2026; the company declared a $0.60 dividend payable September 15, 2026 to holders of record on September 1, 2026
Earnings conference call scheduled for Thursday, August 6, 2026 at 9:30 a.m. Central Time
Texas Pacific Land reported first-quarter 2026 total revenue of $236.8 million, up from $196.0 million a year earlier, and net income of $142.9 million, or $2.07 per diluted share, up from $120.7 million a year earlier. The company also appointed Peter Doyle, co-founder and Co-Chief Executive Officer of Horizon Kinetics, which the filing says is TPL's largest shareholder, to its board under a Board Representative Agreement dated May 5, 2026.
Q1 2026 total revenue was $236.8 million versus $196.0 million in Q1 2025, including $20.9 million of land sales.
Net income was $142.9 million, or $2.07 per diluted share, versus $120.7 million in Q1 2025.
Peter Doyle was appointed to the board on May 5, 2026 and will stand for re-election at the 2026 Annual Meeting, set for November 5, 2026.
The board declared a quarterly cash dividend of $0.60 per share, payable June 15, 2026 to holders of record on June 1, 2026.
Texas Pacific Land reported fourth-quarter and full-year 2025 results on February 18, 2026. Fourth-quarter revenue was $211.6 million and net income was $123.3 million, both up from the third quarter, and full-year revenue of $798.2 million and net income of $481.4 million were fiscal-year records. The board declared a quarterly dividend of $0.60 per share, a 12.5% increase, payable March 16, 2026.
Full-year 2025 revenue was $798.2 million, up from $705.8 million in 2024.
Full-year 2025 net income was $481.4 million, or $6.97 per diluted share, compared with $454.0 million in 2024.
Fourth-quarter net income was $123.3 million, or $1.79 per diluted share, versus $121.2 million in the third quarter.
The quarterly dividend rose to $0.60 per share from $0.53, payable March 16, 2026 to holders of record on March 2, 2026.
Texas Pacific Land reported third-quarter 2025 net income of $121.2 million, or $5.27 per diluted share, up from $116.1 million in the second quarter, on total revenues of $203.1 million. The board also approved a three-for-one stock split, expected in December 2025, which will change per-share figures once effective.
Q3 2025 total revenues were $203.1 million versus $187.5 million in Q2 2025; diluted EPS was $5.27 versus $5.05.
Water Services and Operations segment revenues were $80.8 million, a company record.
Three-for-one stock split approved November 3, 2025; expected to be completed in December 2025, subject to the Board setting the effective date.
Royalty acquisition of about 17,306 net acres closed November 3, 2025 for $474.1 million in cash; quarterly dividend of $1.60 per share payable December 15, 2025.
On October 23, 2025, Texas Pacific Land entered a $500.0 million revolving credit agreement with Wells Fargo Bank as administrative agent, maturing October 23, 2029. The facility was undrawn at closing, and the company said it enhances liquidity and gives access to capital for capital expenditures, working capital, acquisitions and general purposes.
Revolving credit facility of up to $500.0 million, with a request option for up to an additional $250.0 million in commitments
Interest of SOFR plus 2.25% to 2.50%, or base rate plus 1.25% to 1.50%, depending on the consolidated total leverage ratio
Covenants require an interest coverage ratio of at least 3.0 to 1.0 and a total leverage ratio no greater than 3.50 to 1.0; borrowings are unsecured unless leverage exceeds 2.50 to 1.0
The facility remained undrawn; the filing cites events of default that could accelerate obligations
Texas Pacific Land director Eric L. Oliver told the company on August 26, 2025 that he will not seek reelection at the 2025 annual meeting. The Board removed him as a nominee and will reduce its size from ten directors to nine, effective at the annual meeting. The filing says his decision did not stem from any disagreement with the company or the Board.
Eric L. Oliver notified the company on August 26, 2025 of his decision not to stand for reelection
Oliver will serve as a director until the 2025 annual meeting of stockholders
Board size will decrease from ten to nine directors, effective at the annual meeting
The filing states the departure is not due to any disagreement with the company or Board
Texas Pacific Land Corporation reported second-quarter 2025 net income of $116.1 million, or $5.05 per diluted share, and total revenues of $187.5 million, both down from the first quarter of 2025. For the six months ended June 30, 2025, net income rose to $236.8 million from $229.0 million a year earlier, and the Board declared a $1.60 per share quarterly dividend payable September 16, 2025.
Q2 2025 total revenues were $187.5 million, versus $196.0 million in Q1 2025; net income was $116.1 million, versus $120.7 million.
Easements and other surface-related income rose to $36.2 million from $18.2 million in Q1 2025, while produced water royalties were $30.7 million.
Six-month total revenues were $383.5 million, up from $346.5 million for the same period of 2024.
Quarterly dividend of $1.60 per share is payable September 16, 2025, to holders of record on September 2, 2025.
Texas Pacific Land reported first-quarter 2025 net income of $120.7 million, or $5.24 per diluted share, up from $114.4 million, or $4.97 per diluted share, in the first quarter of 2024. Total revenues rose to $196.0 million from $174.1 million a year earlier, and oil and gas royalty production reached a company record of 31.1 thousand barrels of oil equivalent per day.
Net income $120.7 million, or $5.24 per diluted share, versus $114.4 million, or $4.97, a year earlier
Total revenues $196.0 million versus $174.1 million in Q1 2024; Water Services and Operations revenue a record $69.4 million
Oil and gas royalty production 31.1 thousand Boe per day, a company record, versus 24.8 thousand a year earlier
Quarterly cash dividend of $1.60 per share declared May 6, 2025, payable June 16, 2025 to holders of record on June 2, 2025
Texas Pacific Land reported fourth-quarter and full-year 2024 results, with net income and revenue both higher than in the prior periods. The company said it set annual records across nearly every major performance metric, including net income and free cash flow per share, and it declared a quarterly dividend of $1.60 per share.
Full-year 2024 net income was $454.0 million, or $19.72 per diluted share, versus $405.6 million in 2023.
Full-year 2024 total revenues were $705.8 million, versus $631.6 million in 2023.
Fourth-quarter 2024 net income was $118.4 million, or $5.14 per diluted share, versus $106.6 million in the third quarter of 2024.
Board declared a quarterly cash dividend of $1.60 per share, payable March 17, 2025, to holders of record on March 3, 2025.
Texas Pacific Land reported third-quarter 2024 results, with total revenue of $173.6 million, up from $172.3 million in the second quarter, while net income fell to $106.6 million from $114.6 million. The company also raised its quarterly cash dividend by 37% to $1.60 per share and posted an updated investor presentation.
Q3 2024 diluted EPS was $4.63, versus $4.98 in Q2 2024; nine-month net income was $335.6 million, up from $292.5 million a year earlier.
Total operating expenses rose to $46.2 million from $39.1 million, mainly due to higher legal and professional fees.
The board declared a quarterly cash dividend of $1.60 per share, up from $1.17, payable December 16, 2024.
Acquisitions in Q3 included northern Delaware Basin mineral interests for $120.3 million and Midland Basin surface acreage for $45.0 million.
Texas Pacific Land reported second-quarter 2024 net income of $114.6 million, or $4.98 per diluted share, and consolidated revenues of $172.3 million, with the water services and operations segment posting record results. The company also set a target cash balance of about $700 million and said it will direct most free cash flow above that level to share repurchases and dividends, which bears directly on how shareholders receive cash.
Q2 2024 net income was $114.6 million ($4.98 diluted per share), compared with $114.4 million in Q1 2024.
Consolidated revenues were $172.3 million, down from $174.1 million in Q1 2024.
Water segment: water sales of $40.7 million, produced water royalties of $25.3 million, and segment net income of $34.5 million.
Target cash balance of about $700 million; a $10.00 special dividend was declared and paid on July 15, 2024.
Texas Pacific Land reported first-quarter 2024 net income of $114.4 million, or $4.97 per diluted share, and total revenues of $174.1 million, compared with $86.6 million and $146.4 million a year earlier. Both headline measures rose year over year, and operating expenses fell to $38.1 million from $41.4 million. The company also declared a $1.17 per share quarterly dividend and released a produced water desalination presentation ahead of a May 9, 2024 earnings call.
Net income was $114.4 million, or $4.97 per diluted share, versus $86.6 million, or $3.75 per share, in the first quarter of 2023; per-share figures reflect the three-for-one stock split effective March 26, 2024.
Total revenues were $174.1 million, up from $146.4 million a year earlier, with water sales of $37.1 million and total water services and operations revenue of $62.7 million.
Board declared a quarterly cash dividend of $1.17 per share, payable June 17, 2024 to holders of record on June 3, 2024.
Earnings call is scheduled for 7:30 a.m. Central Time on May 9, 2024.
Texas Pacific Land reported fourth-quarter 2023 net income of $113.1 million, or $14.73 per diluted share, up from $99.7 million a year earlier, on revenue of $166.7 million. For the full year, net income fell 9.1% to $405.6 million and revenue decreased $35.8 million, though the board declared a higher quarterly dividend of $3.50 per share.
Q4 2023 revenue was $166.7 million versus $152.7 million in Q4 2022, with Q4 royalty production of 26.3 thousand barrels of oil equivalent per day, the highest quarterly level in company history
Full-year 2023 net income was $405.6 million, or $52.77 per diluted share, versus $446.4 million in 2022; the company said lower commodity prices were partly offset by water and surface income growth
Board declared a quarterly cash dividend of $3.50 per share on February 13, 2024, payable March 15, 2024 to holders of record on March 1, 2024
Texas Pacific Land reported third quarter 2023 results on November 1, 2023. Revenue fell to $158.0 million from $191.1 million and diluted earnings per share fell to $13.74 from $16.82, mainly because the average realized oil and gas price dropped to $45.41 per barrel of oil equivalent from $63.42. Higher water sales and easement income partly offset the decline, and the board declared a $3.25 quarterly dividend payable December 15, 2023.
Third quarter revenue was $158.0 million versus $191.1 million a year earlier; oil and gas royalty revenue fell $43.2 million.
Average realized price was $45.41 per barrel of oil equivalent versus $63.42; the company's share of production was 21.8 thousand barrels of oil equivalent per day versus 23.4 thousand.
Free cash flow was $106.1 million versus $134.0 million a year earlier.
On October 31, 2023, the board declared a $3.25 per share quarterly dividend, payable December 15, 2023 to holders of record on December 1, 2023.
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