Texas Pacific Land Posts Record Quarterly Revenue
The Permian Basin landowner's third-quarter 2026 royalty income set a company high, with earnings beating analyst estimates.
Updated on Nov. 5, 2026 in Oil and Gas
Texas Pacific Land reported third-quarter 2026 revenue of $273.4 million, up 34.6% year-on-year, and net income of $167.4 million. Oil and gas royalty revenue reached a record $167.3 million in the quarter.
Why it matters
The results show the company's royalty model generating strong returns from Permian Basin drilling activity on its owned acreage. Because it collects payments when operators drill, produce, or move water across its land, its income tracks regional oil and gas activity closely.
Third-quarter 2026 revenue reached $273.4 million and net income $167.4 million, with diluted EPS of $2.42 beating the $2.35 consensus. The filing does not address forward guidance, and the stock had fallen 15.67% over the preceding 20 trading days.
The players
Texas Pacific Land
A Dallas-based landowner whose surface and mineral holdings in West Texas and New Mexico generate royalty income from oil and gas operators.
The details
Texas Pacific Land owns roughly 873,000 surface acres and mineral and royalty interests in West Texas and New Mexico's Permian Basin. Shares closed up 1.73% on the day of the report at $298.9956.
Timeline
December 12, 2025: Record date for the three-for-one stock split.
December 22, 2025: Shares distributed after the stock split.
November 5, 2026: Company reported record third-quarter results.
Market Landscape
The results follow a three-for-one stock split completed in December 2025, which lowered diluted per-share figures relative to 2024 and 2025. The company's income depends on Permian Basin operator activity rather than on its own production.
Investors holding Texas Pacific Land shares should note the stock's recent 15.67% decline despite the record quarter. The per-share figures are lower than in prior years because of the stock split, so direct comparisons with earlier reported EPS can mislead.
The takeaway
Royalty income tied to Permian Basin activity can rise sharply in a strong quarter, but the stock's recent decline shows market reaction does not always follow earnings. Readers comparing per-share figures across years should adjust for the three-for-one split.
Further reading
For more on the regional industry behind these royalties, see Texas Oil and Gas coverage.
Source note: This article includes information reported by ABC Money.
