Texas Pacific Land Q3 net income rises to $121.2 million; water segment sets record
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.