Form 10-Q · Quarterly report
Texas Pacific Land Corporation 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0001811074
- Accession no.
- 0001811074-26-000077
Summary
Texas Pacific Land Corporation filed a Form 10-Q in which it disclosed that a three-for-one common stock split took effect on December 22, 2025 and that average WTI oil prices for the nine months ended September 30, 2026 rose roughly 27% year over year, with a February 2026 military conflict in Iran disrupting the Strait of Hormuz and pushing oil above $90 a barrel at times. TPL, which is not an oil and gas producer, said Permian Basin production exceeds 6.8 million barrels per day and that it holds about 896,000 surface acres and roughly 224,000 net royalty acres.
Key points
- TPL owns approximately 896,000 surface acres in Texas, principally in the Permian Basin, plus about 224,000 net royalty acres.
- A three-for-one common stock split was effected on December 22, 2025, with trading on a split-adjusted basis beginning December 23, 2025, and share and per-share amounts retroactively adjusted.
- Average WTI Cushing oil prices rose about 27% for the nine months ended September 30, 2026 versus the prior-year period, while Henry Hub natural gas prices were roughly flat.
- The company said its desalination project could provide an additional outlet for produced water and reduce volumes injected into subsurface pore space.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview Texas Pacific Land Corporation (which, together with its subsidiaries as the context requires, may be referred to as “TPL”, the “Company”, “our”, “we” or “us”) is a Delaware corporation and one of the largest land and royalty owners in the State of Texas with approximately 896,000 surface acres of land, principally concentrated in the Permian Basin. Additionally, we own a 1/128th nonparticipating perpetual oil and gas royalty interest (“NPRI”) under approximately 85,000 acres of land, a 1/16th NPRI under approximately 371,000 acres of land, and approximately 33,000 additional net royalty acres (normalized to 1/8th) (“NRA”), for a collective total of…
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.