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Texas Pacific Land Trust Earnings Calls
| Release date | May 06, 2026 |
| EPS estimate | $2.02 |
| EPS actual | $2.07 |
| EPS Surprise | 2.48% |
| Revenue estimate | 233M |
| Revenue actual | 236.818M |
| Revenue Surprise | 1.64% |
| Release date | Feb 18, 2026 |
| EPS estimate | $1.79 |
| EPS actual | $1.79 |
| Revenue estimate | 207.5M |
| Revenue actual | 211.579M |
| Revenue Surprise | 1.97% |
| Release date | Nov 05, 2025 |
| EPS estimate | $1.92 |
| EPS actual | $1.76 |
| EPS Surprise | -8.49% |
| Revenue estimate | 175M |
| Revenue actual | 203.085M |
| Revenue Surprise | 16.05% |
| Release date | Aug 06, 2025 |
| EPS estimate | $1.83 |
| EPS actual | $1.68 |
| EPS Surprise | -8.03% |
| Revenue estimate | 198M |
| Revenue actual | 187.543M |
| Revenue Surprise | -5.28% |
Last 4 Quarters for Texas Pacific Land Trust
Below you can see how TPL performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 06, 2025 |
| Price on release | $316.87 |
| EPS estimate | $1.83 |
| EPS actual | $1.68 |
| EPS surprise | -8.03% |
| Date | Price |
|---|---|
| Jul 31, 2025 | $322.71 |
| Aug 01, 2025 | $311.60 |
| Aug 04, 2025 | $317.35 |
| Aug 05, 2025 | $319.60 |
| Aug 06, 2025 | $316.87 |
| Aug 07, 2025 | $289.15 |
| Aug 08, 2025 | $287.37 |
| Aug 11, 2025 | $284.94 |
| Aug 12, 2025 | $285.60 |
| 4 days before | -1.81% |
| 4 days after | -9.87% |
| On release day | -8.75% |
| Change in period | -11.50% |
| Release date | Nov 05, 2025 |
| Price on release | $306.35 |
| EPS estimate | $1.92 |
| EPS actual | $1.76 |
| EPS surprise | -8.49% |
| Date | Price |
|---|---|
| Oct 30, 2025 | $309.50 |
| Oct 31, 2025 | $314.46 |
| Nov 03, 2025 | $308.22 |
| Nov 04, 2025 | $304.81 |
| Nov 05, 2025 | $306.35 |
| Nov 06, 2025 | $337.04 |
| Nov 07, 2025 | $327.23 |
| Nov 10, 2025 | $330.94 |
| Nov 11, 2025 | $329.73 |
| 4 days before | -1.02% |
| 4 days after | 7.63% |
| On release day | 10.02% |
| Change in period | 6.54% |
| Release date | Feb 18, 2026 |
| Price on release | $440.71 |
| EPS estimate | $1.79 |
| EPS actual | $1.79 |
| Date | Price |
|---|---|
| Feb 11, 2026 | $413.54 |
| Feb 12, 2026 | $411.40 |
| Feb 13, 2026 | $432.31 |
| Feb 17, 2026 | $426.42 |
| Feb 18, 2026 | $440.71 |
| Feb 19, 2026 | $486.56 |
| Feb 20, 2026 | $499.88 |
| Feb 23, 2026 | $502.85 |
| Feb 24, 2026 | $531.95 |
| 4 days before | 6.57% |
| 4 days after | 20.70% |
| On release day | 10.40% |
| Change in period | 28.63% |
| Release date | May 06, 2026 |
| Price on release | $419.75 |
| EPS estimate | $2.02 |
| EPS actual | $2.07 |
| EPS surprise | 2.48% |
| Date | Price |
|---|---|
| Apr 30, 2026 | $443.67 |
| May 01, 2026 | $433.62 |
| May 04, 2026 | $432.83 |
| May 05, 2026 | $430.44 |
| May 06, 2026 | $419.75 |
| May 07, 2026 | $399.36 |
| May 08, 2026 | $394.20 |
| May 11, 2026 | $402.63 |
| May 12, 2026 | $401.39 |
| 4 days before | -5.39% |
| 4 days after | -4.37% |
| On release day | -4.86% |
| Change in period | -9.53% |
Texas Pacific Land Trust Earnings Call Transcript Summary of Q1 2026
Texas Pacific Land (TPL) reported a strong Q1 2026: record quarterly revenue (~$237M), net income, and free cash flow (~$136M). Oil & gas royalty production averaged ~37,001 BOE/d (roughly flat sequential, +19% YoY). Water sales and produced-water royalties were the second-highest volumes in company history. Management remains unhedged and is positioned to benefit directly from recent crude price strength, though Permian operator activity has only marginally increased so far. TPL continues commercializing NextGen opportunities (power generation/data centers): a land sale structured as $43M over 20 years and a separate commercial water agreement were announced; discussions with hyperscalers and AI labs are accelerating but deals vary materially by project. Produced-water desalination Phase 2B (10,000 bpd) is nearly complete and will test economic viability at scale and opportunities for colocation with power/data. Financial/operating highlights: consolidated adjusted EBITDA ~$181M; free cash flow +15% sequential; line-of-sight well inventory = 20.7 net wells (5.8 permitted, 9.6 DUCs, 5.2 completed-not-producing), with longer laterals (>13,000 ft) and a net-normalized inventory +11% sequential. Management reiterated a strong balance sheet (no need to hedge during prior price downturns) and provided commodity sensitivities (using 2025 volumes as a guide: every $10/bbl oil realization change ≈ $50M annually; every $5/bbl NGL change ≈ $17M annually).
