Business
Texas Pacific Land Corporation Announces Third Quarter Results
DALLAS, November 05, 2025--TEXAS PACIFIC LAND CORPORATION ANNOUNCES THIRD QUARTER RESULTS
About this update from Tpl Corp Ltd
[{"type":"text","content":"– Achieved Record Quarterly Revenues and Net Income from Water Segment","length":70,"tagName":"p","attribs":{}},{"type":"text","content":"– Earnings Call to be Held Thursday, November 6, 2025 at 9:30 am CT","length":67,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, November 05, 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 provides revenue opportunities through the support of energy production, today announced its financial and operating results for the third quarter of 2025.","length":429,"tagName":"p"},{"type":"text","content":"Third Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Executed purchase agreement on approximately 17,306 net royalty acres (standardized to 1/8th) primarily located in the Midland Basin(1) (which subsequently closed November 3, 2025) and acquired approximately 8,147 surface acres in Martin County, Texas in September 2025 for a combined aggregate purchase price of $505 million. Both acquisitions were all cash transactions.","length":372,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Completed a new $500 million revolving credit facility on October 23, 2025(2).","length":78,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Three-for-one stock split of TPL’s common stock was approved by TPL’s Board of Directors (the "Board") on November 3, 2025, subject to finalization of the effective date as determined by the Board.","length":207,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Record results, including:","length":26,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Oil and gas royalty production of 36.3 thousand barrels of oil equivalent ("Boe") per day","length":99,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Water sales revenue of $44.6 million","length":36,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Produced water royalties revenue of $32.3 million","length":49,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":184,"olType":false}]},{"val":[{"type":"text","co...