TPL · Texas Pacific Land Corp
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. TPL delivered record Q2 2026 results with consolidated net income of $153.9 million, $215.6 million of Adjusted EBITDA, and $155.5 million of free cash flow, supported by record oil & gas royalty production of 39.7 MBoe/d and a $97.55/Bbl realized oil price; the company also expanded into data-center power with a Chevron/Project Kilby agreement and a $110.2 million Shackelford/Jones County land acquisition, and commenced commissioning of its 10,000 bbl/d Orla produced-water desalination facility.
- + Entered Project Kilby agreement with a Chevron subsidiary to provide land and brackish water for a multi-gigawatt power/data-center hub in Reeves County.
- + Completed construction and began commissioning of the 10,000 bbl/d Phase 2B Orla produced-water desalination test facility.
- + Acquired $110.2 million of land in Shackelford/Jones and Winkler Counties to expand data-center and power initiatives beyond the Permian.
- − Buybacks have been absent for several quarters as management prioritizes cash build for M&A, land, power, and desal investments.
- − H1 2026 operating expenses rose $19.0 million year-over-year to $108.7 million, driven by higher water service, DD&A, and G&A costs.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Oil & Gas E&P — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TPL
this stock
Texas Pacific Land Corp
|
$23.53B | +17.1% | +13.1% | 43.5 | 6.1% |
|
COP
Conocophillips
|
$150.96B | +35.7% | +7.7% | 16.6 | 1.3% |
|
CNQ
CANADIAN NATURAL RESOURCES Ltd
|
$98.26B | +41.2% | — | — | 8.9% |
|
EOG
Eog Resources Inc
|
$73.62B | +34.6% | -4.5% | 10.9 | 3.0% |
|
OXY
Occidental Petroleum Corp /De/
|
$56.84B | +40.7% | -1.9% | 8.7 | 2.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TPL | -0.5% | -8.4% | -17.9% | +3.3% | +17.1% |
| SPY | -0.4% | -0.2% | +12.4% | +0.2% | +12.0% |
| vs SPY | -0.1% | -8.3% | -30.4% | +3.1% | +5.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.