Texas Pacific Land Corporation (TPL)
NYSE:TPL
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.26Last Year’s EPS
1.68Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized several clear positives: record revenue, record free cash flow, strong YoY production growth (~19%), an increasing well inventory (LOS +6% sequential, +11% normalized), strategic progress on NextGen (a $43M land sale and water agreements), and near-term progress on a 10,000 bpd desal test facility. Offsetting items include muted operator activity despite higher oil prices, quarter-to-quarter lumpiness in SLEM and Water segments (accrual noise and project timing), uncertainty around commercializing desal at scale (capital intensity and partner needs), and inherent earnings sensitivity from an unhedged commodity position. On balance, the highlights materially outweigh the lowlights.Company Guidance
Record Quarterly Financials
Consolidated revenue of approximately $237 million — a quarterly all-time high — up 12% sequentially and 21% year-over-year. Consolidated adjusted EBITDA was $181 million, up 2% sequentially and 7% year-over-year. Free cash flow was $136 million, up 15% sequentially and 8% year-over-year.
Strong Production Growth
Oil and gas royalty production averaged ~37,001 BOE/day, roughly flat sequentially and up ~19% year-over-year. Management highlighted commodity sensitivity: using FY2025 volumes as a guide, every $10/barrel increase in oil realizations would approximate $50 million of annual revenue (oil realization averaged $65/barrel last year).
Growing Well Inventory and Longer Laterals
Net line-of-sight inventory totaled 20.7 wells (5.8 permitted, 9.6 DUCs, 5.2 completed-not-producing), representing a 6% sequential increase; on a net normalized basis accounting for longer lateral lengths, line-of-sight inventory was up 11% sequentially. New permits and spuds have average lateral lengths in excess of 13,000 feet.
Progress on NextGen: Land Sales and Commercial Deals
Executed a land sale for $43 million (structured as annual payments over 20 years) and entered a separate commercial agreement to supply water for the same development. Management reports accelerating commercial activity with hyperscalers and AI labs evaluating large-scale power and compute projects in Texas.
Produced Water Desalination Nearing Commercial Test
Phase 2B 10,000-barrel-per-day produced water desalination facility is nearly complete; refrigeration inspection planned with inlet water flow expected in the coming weeks. The test facility is intended to evaluate operational economics at commercial scale and assess colocation opportunities (waste heat capture, cooling).
Strong Balance Sheet and Unhedged Upside
Company maintained a strong net cash position through prior low-price periods and is currently fully unhedged, meaning management expects direct upside from elevated oil prices without hedging dilution.
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 |
|---|---|---|---|
May 06, 2026 | $419.75 | $399.08 | -4.92% |
Feb 18, 2026 | $440.20 | $486.00 | +10.40% |
Nov 05, 2025 | $305.43 | $336.03 | +10.02% |
Aug 06, 2025 | $315.38 | $287.79 | -8.75% |
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 Aug 05, 2026, After Close (Confirmed).
What is Texas Pacific Land Corporation (TPL) earnings time?
Texas Pacific Land Corporation (TPL) earnings time is at Aug 05, 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 (Q2) is 2.26.