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Texas Pacific Land Corporation (TPL)
NYSE:TPL
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.88Last Year’s EPS
1.75Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive outlook driven by multiple operational and financial records, strong free cash flow, conservative balance sheet with substantial liquidity, strategic investments into data center infrastructure (Bolt) and meaningful progress on desalination R&D. Key risks include a weaker oil price environment (-15% realized decline YoY), Permian activity contraction (rig count down ~26%) and remaining execution and scaling uncertainties for desalination and large data center projects. On balance, highlights significantly outweigh the lowlights.Company Guidance
Quarterly Operational Records
Q4 set records for oil & gas royalty production, water sales volumes and produced water royalties; water sales exceeded 1 million barrels per day for the first time and grew 36% year-over-year (Q4).
Strong Q4 Financial Metrics
Q4 consolidated revenue of approximately $212 million, adjusted EBITDA of $178 million, adjusted EBITDA margin of 84%, and quarter free cash flow of $119 million.
Record Annual Consolidated Results
Fiscal year 2025 delivered record consolidated revenue, net income and free cash flow of approximately $498 million (an 8% year-over-year increase).
Robust Production Growth and Multi-Year CAGR
Full-year royalty production increased 29% year-over-year; FY produced water royalty daily volumes rose 25%, and TPL achieved 3-year CAGRs (2022–2025) of 17% for oil & gas royalty production, 18% for water sales and 30% for produced water royalty volumes.
Capital Allocation and Shareholder Returns
Declared regular dividend of $0.60 per share, a 12.5% increase versus prior quarter; capital expenditures for 2025 were $66 million (at low end of guidance).
Strong Balance Sheet and Liquidity
Ended year with $145 million cash, zero debt and a newly closed $500 million credit facility that remains fully undrawn, providing flexibility to invest, acquire assets and return capital.
Strategic Next-Generation Initiatives
Strategic investment in Bolt Data & Energy (AI/data center platform chaired by Eric Schmidt) with TPL retaining ROFR to supply water; active site evaluations and advanced customer/developer discussions across acreage.
Desalination and Tech Development Progress
10,000 bbl/day Orla Phase 2b desalination facility nearing completion with an implemented process improvement from R&D expected to reduce cycles, capital and operating costs; plan to invest ~$20 million in co-location equipment to test waste heat capture and data center cooling.
Well Inventory and Efficiency Trends
Line-of-sight wells totaled 19.5 net (5.6 permitted, 9.8 DUCs, 4.0 completed-not-producing); average lateral lengths increased (wells on TPL acreage 8% longer vs prior year; new permitted wells avg lateral 35% longer vs 2024) and over 100 new permits >15,000 ft, 34 wells >20,000 ft.
Industry Positioning Amid DUC Drawdown
Management cites industry DUC drawdown (est. ~600 DUCs in 2025) and remaining Permian DUC inventory (3,500–4,000) as providing at least a year-plus runway to support completions without adding rigs, supporting basin production resiliency.
TPL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TPL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $440.71 | $486.56 | +10.40% |
Nov 05, 2025 | $305.78 | $336.42 | +10.02% |
Aug 06, 2025 | $315.74 | $288.12 | -8.75% |
May 07, 2025 | $445.56 | $427.02 | -4.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Texas Pacific Land Corporation (TPL) report earnings?
Texas Pacific Land Corporation (TPL) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Texas Pacific Land Corporation (TPL) earnings time?
Texas Pacific Land Corporation (TPL) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPL EPS forecast?
TPL EPS forecast for the fiscal quarter 2026 (Q1) is 1.88.