---
schema_version: "secwatch.filing_event.v1"
accession: "0001811074-23-000023"
form_type: "8-K"
ticker: "TPL"
cik: "0001811074"
company_name: "Texas Pacific Land Corp"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:30:22.933314+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Texas Pacific Land Q1 net income $86.6M ($11.25 EPS) vs $97.9M prior year; revenues $146.4M

## Summary
- Net income $86.6M (EPS $11.25 basic, $11.24 diluted) down from $97.9M in Q1 2022.
- Revenues $146.4M, down slightly from $147.3M; oil & gas royalties $89.1M including $8.7M arbitration stipulation.
- Average realized price fell 23.2% to $44.76/Boe; production steady at 20.9 MBoe/d.
- Operating expenses rose $18.4M to $41.4M driven by higher legal and professional fees.
- Quarterly dividend $3.25/share declared, payable June 15, 2023; $6.7M in stock repurchases during Q1.

## SEC filing metadata
- accession: 0001811074-23-000023
- form_type: 8-K
- ticker: TPL
- cik: 0001811074
- company_name: Texas Pacific Land Corp
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811074/000181107423000023/0001811074-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811074/000181107423000023/tpl-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001811074-23-000023
- JSON: https://secwatch.observer/filing/0001811074-23-000023.json
- Plain text: https://secwatch.observer/filing/0001811074-23-000023.txt

## Key facts
- Earnings Releases
  Texas Pacific Land Corp reported the first quarter of 2023 results: revenue $146.4 million, net income $86.6 million, EPS $11.25 per share (basic) and $11.24 per share (diluted).
  - Period: the first quarter of 2023
  - Revenue: $146.4 million
  - Net income: $86.6 million
  - EPS: $11.25 per share (basic) and $11.24 per share (diluted)
  - Result: reported results
  source text: results for the first quarter of 2023. First Quarter 2023 Highlights • Net income of $86.6 million, or $11.25 per share (basic) and $11.24 per share (diluted) • Revenues of $146.4 million • Adjusted EBITDA (1) of $115.9 million • Free cash flow (1) of $88.0 million • Royalty production of 20.9 thousand barrels of oil equivalent per day • $6.7 million of common
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811074/000181107423000023/0001811074-23-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.