Texas Pacific Land Corp
For the period ended Sep 30, 2026. Filed Nov 4, 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.
Sep 30, 2026 · Filed Nov 4, 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)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $464,200 | $358,030 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Land sale with financing arrangement | (20,944) | — |
| Depreciation, depletion and amortization | 53,515 | 40,603 |
| Share-based compensation | 13,619 | 11,375 |
| Deferred taxes | (4,365) | 5,104 |
| Other | 35 | — |
| Changes in operating assets and liabilities: | ||
| Operating assets, excluding income taxes | (8,385) | (16,021) |
| Operating liabilities, excluding income taxes | (6,293) | 27,643 |
| Income taxes payable | 32,162 | 5,504 |
| Prepaid income taxes | 3,716 | — |
| Cash provided by operating activities | 527,260 | 432,238 |
| Cash flows from investing activities: | ||
| Acquisition of real estate | (122,740) | (35,951) |
| Purchases of fixed assets | (43,185) | (30,878) |
| Deposit for acquisition | (3,500) | (71,108) |
| Acquisition of royalty interests, net of post-close adjustments | — | (3,546) |
| Post-close adjustment from seller related to prior year asset acquisition | — | 3,878 |
| Cash used in investing activities | (169,425) | (137,605) |
| Cash flows from financing activities: | ||
| Dividends paid | (124,568) | (111,031) |
| Shares exchanged for tax withholdings | (9,113) | (14,795) |
| Repurchases of common stock | — | (8,380) |
| Cash used in financing activities | (133,681) | (134,206) |
| Net increase in cash, cash equivalents and restricted cash | 224,154 | 160,427 |
| Cash, cash equivalents and restricted cash, beginning of period | 145,404 | 371,381 |
| Cash, cash equivalents and restricted cash, end of period | $369,558 | $531,808 |
| Supplemental disclosure of cash flow information: | ||
| Income taxes paid | $66,129 | $89,865 |
| Interest paid | $1,971 | $— |
| Supplemental non-cash investing and financing information: | ||
| (Decrease) increase in accounts payable related to purchases of fixed assets | $(855) | $3,444 |
| Accrued dividends on unvested stock awards | $(153) | $(386) |
| Financing receivable from land sale | $21,817 | $— |
| Operating lease right-of-use assets | $— | $13,593 |
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