Texas Pacific Land Q2 net income rises to $153.9 million, or $2.23 per share
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.
Key points
- 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
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 August 05, 2026.
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.