Texas Pacific Land Corp
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
TPL$274.63-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $142,902 | $120,652 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Land sale with financing arrangement | (20,944) | — |
| Depreciation, depletion and amortization | 14,043 | 11,941 |
| Share-based compensation | 5,063 | 4,397 |
| Deferred taxes | 3,584 | 788 |
| Other | 186 | — |
| Changes in operating assets and liabilities: | ||
| Operating assets, excluding income taxes | (14,458) | (11,339) |
| Operating liabilities, excluding income taxes | (5,348) | (2,657) |
| Income taxes payable | 33,264 | 32,944 |
| Prepaid income taxes | 3,716 | — |
| Cash provided by operating activities | 162,008 | 156,726 |
| Cash flows from investing activities: | ||
| Deposit for acquisition | (1,039) | — |
| Purchases of fixed assets | (7,348) | (8,966) |
| Acquisition of real estate | — | (5) |
| Acquisition of royalty interests, net of post-close adjustments | — | (3,546) |
| Cash used in investing activities | (8,387) | (12,517) |
| Cash flows from financing activities: | ||
| Dividends paid | (41,796) | (37,434) |
| Shares exchanged for tax withholdings | (9,063) | (14,260) |
| Cash settlement of common stock repurchases | — | (100) |
| Cash used in financing activities | (50,859) | (51,794) |
| Net increase in cash, cash equivalents and restricted cash | 102,762 | 92,415 |
| Cash, cash equivalents and restricted cash, beginning of period | 145,404 | 371,381 |
| Cash, cash equivalents and restricted cash, end of period | $248,166 | $463,796 |
| Supplemental disclosure of cash flow information: | ||
| Income taxes paid | $3 | $— |
| Interest paid | $650 | $— |
| Supplemental non-cash investing and financing information: | ||
| (Decrease) increase in accounts payable related to purchases of fixed assets | $(430) | $942 |
| Accrued dividends on unvested stock awards | $(291) | $(478) |
| Financing receivable from land sale | $20,902 | $— |
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