NYSE$TPL
Texas Pacific Land Corporation · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Texas Pacific Land reported Q1 2026 total revenues of $236.8M and net income of $142.9M.
Total revenues grew 21% to $236.8 million on oil & gas royalties ($118.2M), water sales ($46.9M), and produced-water royalties ($33.5M). Operating income was $182.3 million; net income was $142.9 million versus $120.7 million. The royalty company benefited from Permian activity and water services.
- Total revenue $236.8M (+21% YoY).
- Net income $142.9M.
- Oil & gas royalties $118.2M.
- Water sales and produced-water royalties growing.
Headline financials
Revenue & EPS history
Texas Pacific · Revenue · Quarterly
$237M
Revenue by segment
Texas Pacific · $153M total across 4 segments · Q3 2023
- Oil and Gas Royalties$87.1M-33.2%57.1%
- Water Sales$26.4M+8.2%17.3%
- Produced Water Royalties$20.8M+9.0%13.7%
- Easements and Other Surface-Related Income$18.2M+28.7%11.9%
Forward guidance
Outlook linked to Permian drilling and water demand; no EPS guidance.
Tailwinds
- High-margin royalty and water model.
- Operating income $182.3M.
- Land sale contributed $20.9M.
Headwinds
- Commodity price exposure on royalties.
- Drought/regulatory risk on water sales.
- Customer concentration among operators.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+1.2%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+4.6%
Avg return
30 days after
64%
41 / 64 earnings
Positive
+10.2%
Q3 2025
Best reaction
-10.1%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | -7.8% | -7.2% | |
| Q4 2025 | +10.0% | +20.7% | +17.9% | |
| Q3 2025 | +10.2% | +7.6% | +0.7% | |
| Q1 2025 | -3.8% | +2.6% | -17.1% | |
| Q4 2024 | +1.9% | -8.2% | -9.4% | |
| Q3 2024 | +7.4% | +12.6% | +7.7% | |
| Q2 2024 | +7.1% | +7.7% | +3.3% | |
| Q1 2024 | +8.0% | +6.2% | +2.2% | |
| Q4 2023 | +4.9% | +4.6% | +13.1% | |
| Q3 2023 | -2.6% | -4.7% | -5.4% | |
| Q2 2023 | +8.5% | +17.5% | +28.5% | |
| Q1 2023 | -3.8% | -2.5% | -4.5% | |
| Q4 2022 | -1.7% | -1.1% | -8.3% | |
| Q3 2022 | +2.3% | +15.9% | +11.0% | |
| Q2 2022 | -9.9% | -6.1% | +3.6% | |
| Q1 2022 | +1.7% | -6.0% | +21.6% | |
| Q4 2021 | +9.9% | +19.0% | +45.6% | |
| Q3 2021 | +7.3% | +11.6% | -5.4% | |
| Q2 2021 | +2.3% | +4.1% | -10.4% | |
| Q1 2021 | +3.0% | +1.5% | -12.7% | |
| Q4 2020 | -3.5% | -4.0% | +38.0% | |
| Q3 2020 | +7.5% | +10.5% | +37.7% | |
| Q2 2020 | -5.2% | +0.4% | -5.4% | |
| Q1 2020 | -9.2% | -7.8% | +4.7% | |
| Q4 2019 | +1.8% | +5.1% | -6.2% | |
| Q3 2019 | +6.0% | +10.8% | +14.2% | |
| Q2 2019 | -4.3% | -8.5% | -13.8% | |
| Q1 2019 | -5.8% | -10.4% | -12.5% | |
| Q4 2018 | +1.4% | +4.8% | +8.4% | |
| Q3 2018 | -5.6% | -5.5% | -18.4% | |
| Q2 2018 | +7.8% | +8.9% | +13.0% | |
| Q1 2018 | +8.9% | +15.8% | +27.7% | |
| Q4 2017 | -1.9% | -7.2% | -3.6% | |
| Q3 2017 | +2.8% | +4.3% | +1.9% | |
| Q2 2017 | +4.4% | +9.8% | +20.0% | |
| Q1 2017 | +5.8% | +6.2% | -0.3% | |
| Q4 2016 | +0.2% | -0.4% | -6.8% | |
| Q3 2016 | -6.4% | -7.6% | +1.2% | |
| Q2 2016 | -2.0% | -0.6% | +6.4% | |
| Q1 2016 | -3.1% | — | — | |
| Q4 2015 | +0.7% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | +0.9% | — | — | |
| Q1 2015 | -0.0% | — | — | |
| Q4 2014 | +2.0% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q2 2014 | -1.2% | — | — | |
| Q1 2014 | +3.1% | — | — | |
| Q4 2013 | +1.9% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | +2.3% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q3 2012 | +2.4% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2012 | +4.5% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | +6.5% | — | — | |
| Q2 2011 | -10.1% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q4 2010 | -2.7% | — | — | |
| Q3 2010 | +1.6% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q1 2010 | -2.6% | — | — |
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