Texas Pacific Land Reports Record Q3 2026 Revenue and Net Income Growth
Texas Pacific Land (TPL) reported strong third-quarter 2026 financial results, highlighted by a 38% year-over-year increase in net income to $167.4 million ($2.42 per diluted share). Revenue reached $273.4 million, an 11% sequential increase driven primarily by higher production volumes and significantly improved natural gas pricing at the Waha Hub. The company achieved record oil production of 17,100 barrels per day and saw substantial growth in its produced water royalty revenue, which reached $41.4 million. With an adjusted EBITDA margin of 87% and a cash position of $370 million against zero debt, TPL maintains a highly liquid balance sheet while continuing to expand its footprint through strategic land acquisitions in the Midland and Glasscock counties.
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Topics: free cash flow natural gas pricing net income increase oil production record revenue growth