The earnings call highlighted strong performance in key revenue areas and strategic advancements in technology and infrastructure, despite facing challenges from commodity price fluctuations and reduced water sales. The company's ability to set records and maintain strong financial metrics indicates resilience and strategic foresight.

Company Guidance

In the Texas Pacific Land Corporation's second quarter 2025 earnings call, the company reported a record performance across major revenue streams despite challenging conditions. TPL achieved a quarterly revenue of $188 million, with an adjusted EBITDA of $166 million and an 89% margin. The company set records in produced water royalties at $31 million and easements and other surface-related income (SLEM) at $36 million. Despite a slump in oil prices, with WTI Cushing averaging $64 per barrel, TPL maintained robust oil and gas royalty production at 33,200 barrels of oil equivalent per day, a 33% year-over-year increase. The company also highlighted ongoing innovations and strategies, such as the development of a 10,000 barrel per day desalination facility and efficient cash flow conversion, contributing to a free cash flow of $130 million, a 12% year-over-year increase. The call also addressed broader industry trends and TPL's strategic positioning within the Permian Basin, emphasizing its potential for long-term growth amidst current commodity price fluctuations.

Record Performance in Key Revenue Streams

Despite a challenging commodity price environment, TPL set quarterly revenue records for produced water royalties and easements and other surface-related income. Oil and gas royalty production reached a company record of 33,200 barrels of oil equivalent per day.

Strong Financial Metrics

The company achieved a second quarter adjusted EBITDA margin of 89% and a free cash flow of $130 million, representing a 12% increase year-over-year.

Innovation and Efficiency in the Permian

TPL is leveraging new technologies like lightweight proppants and horseshoe wells to enhance recovery and extend the basin's longevity, maintaining a strong position in a key global oil production area.

Desalination Facility Progress

TPL has made significant progress on its Phase 2b desalination facility, expected to begin operations by year-end, marking a step towards providing produced water solutions in the Permian.

Texas Pacific Land (TPL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TPL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	- / -	4.63	―	―	―
Aug 06, 2025	2025 (Q2)	- / 5.05	4.98	1.41% (+0.07)	―
May 07, 2025	2025 (Q1)	- / 5.24	4.97	5.43% (+0.27)	―
Feb 19, 2025	2024 (Q4)	- / 5.14	4.91	4.68% (+0.23)	―
Nov 06, 2024	2024 (Q3)	5.35 / 4.63	4.58	1.09% (+0.05)	―
Aug 07, 2024	2024 (Q2)	5.36 / 4.98	4.35	14.48% (+0.63)	―
May 08, 2024	2024 (Q1)	4.58 / 4.97	3.747	32.64% (+1.22)	―
Feb 21, 2024	2023 (Q4)	4.33 / 4.91	4.313	13.84% (+0.60)	―
Nov 01, 2023	2023 (Q3)	4.84 / 4.58	5.607	-18.32% (-1.03)	―
Aug 02, 2023	2023 (Q2)	3.70 / 4.35	5.123	-15.09% (-0.77)	―

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
Aug 06, 2025	$950.62	$867.46	-8.75%
May 07, 2025	$1341.45	$1285.64	-4.16%
Feb 19, 2025	$1401.28	$1427.35	+1.86%
Nov 06, 2024	$1324.90	$1330.57	+0.43%

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 Oct 29, 2025, After Close (Confirmed).

What is Texas Pacific Land Corporation (TPL) earnings time?

Texas Pacific Land Corporation (TPL) earnings time is at Oct 29, 2025, 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.

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What is TPL EPS forecast?

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