Key Highlights

  • Texas Pacific Land shares traded 5.02% higher at USD 295.30 on Friday, November 13, 2026, per market data. A search found no company announcement from November 12 or 13 that accounts for the move.
  • Quarterly Revenue set a record at USD 273.4 million, versus USD 246.1 million in the second quarter, which works out to a sequential gain of about 11.1% by simple arithmetic on two reported figures.
  • Per diluted share, Earnings reached USD 2.42, compared with USD 2.23 in the second quarter, while total Net Income was USD 167.4 million against USD 153.9 million and adjusted EBITDA stood at USD 238.4 million.
  • A USD 0.60 quarterly payout was declared on November 2, 2026; it is due on December 15, 2026 for shareholders registered as of December 1, 2026.

A Record Quarter Published on November 4

Texas Pacific Land (NYSE:TPL) put out its third-quarter 2026 report on November 4, 2026, and held a call the next day. Revenue came in at USD 273.4 million, net income at USD 167.4 million and free Cash Flow at USD 170.3 million, and management called it the strongest quarter in company history. Per one published summary, revenue expanded by 35% on a year-over-year basis, a calculation not cross-checked against the prior-year figure. The company holds land and Royalty interests across the Permian Basin in West Texas and collects fees from water services.

Royalty Income and Water Services Split the Profit Pool

Texas Pacific Land (NYSE:TPL) earns its profit from two units: land and resource management, and water services. In land and resource management, revenue was USD 201.6 million, with USD 166.3 million in Operating Income and USD 133.8 million as net income. The water unit brought in USD 71.8 million of revenue, with operating income of USD 41.5 million and net income of USD 33.6 million. The split matters because royalties follow oil and gas output and prices. Water income, by contrast, hinges on drilling activity and produced water volumes. A published headline tied gas price realization to the record revenue, a link that is single-source and unconfirmed here. Operator activity in the basin shapes water sales, and that activity follows well completions more than prices. Land and royalties account for roughly three-quarters of revenue, a calculation from the two segment figures.

A Modest Yield Versus Commodity Sensitivity

Texas Pacific Land (NYSE:TPL) pays a USD 0.60 quarterly dividend, which adds up to USD 2.40 a year, or about 0.81% of USD 295.30, a calculation from two published figures. Dividends paid through September 30 totaled USD 124.6 million, while the release gave no cash balance or buyback figure. The principal hazards are lower oil and gas prices, slower Permian drilling and a valuation that already reflects strong results. At this size, a 5.02% single-session advance stands out, so part of it could fade if commodity prices or sentiment turn. The release reviewed showed no repurchase activity, so Buybacks offer no verified support for the stock. At this price the payout contributes only a modest slice of total return, and because the company can revise it at any time, no level is assured.

Where Things Stand

No company announcement accounts for Friday's 5.02% rise, so the November 4 results, now nine days old, should not be credited with it. Documented figures include USD 273.4 million of revenue, USD 167.4 million of net income and a USD 0.60 quarterly dividend. Commodity prices and Permian activity remain the principal risks. Coming checkpoints are the Record Date on December 1, the payout on December 15 and the next Quarterly Report for Texas Pacific Land (NYSE:TPL).