Business
Texas Pacific Land Corporation Announces Record Second Quarter Results and Annual Stockholder Meeting Date
DALLAS, August 06, 2025--TEXAS PACIFIC LAND CORPORATION ANNOUNCES RECORD SECOND QUARTER RESULTS AND ANNUAL STOCKHOLDER MEETING DATE
About this update from Texas Pacific Land Corporation
[{"type":"text","content":"Earnings Call to be Held Thursday, August 7, 2025 at 9:30 am CT","length":63,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, August 06, 2025--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the "Company," "TPL," "we," "our" or "us"), one of the largest landowners in the State of Texas with surface and royalty ownership that provide revenue opportunities through the support of energy production, today announced its financial and operating results for the second quarter of 2025.","length":427,"tagName":"p"},{"type":"text","content":"Second Quarter 2025 Highlights","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Record results including:","length":25,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Oil and gas royalty production of 33.2 thousand barrels of oil equivalent ("Boe") per day","length":99,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Easements and other surface-related income revenue ("SLEM") of $36.2 million","length":86,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Produced water royalties revenue of $30.7 million","length":49,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":234,"olType":false}]},{"val":[{"type":"text","content":"In July, began construction of 10,000 barrel per day produced water desalination facility in Orla, Texas with estimated service date in late 2025.","length":146,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"As of June 30, 2025, TPL’s royalty acreage had an estimated 6.0 net well permits, 11.1 net drilled but uncompleted wells ("DUCs"), and 5.1 net completed but not producing wells ("CUPs"). Net well permits, DUCs, and CUPs total 22.2 net wells(1). TPL had 95.4 net producing wells, and net producing wells added during the quarter had an average lateral length of approximately 9,376 feet.","length":406,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Land and Resource Management segment revenues of $128.5 million","length":63,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Water Services and Operations segment revenues of $59.0 million","length":63,"tagName":"p","attribs":{}}]},{"val":[{"type":"text...