---
schema_version: "secwatch.filing_event.v1"
accession: "0001811074-23-000039"
form_type: "8-K"
ticker: "TPL"
cik: "0001811074"
company_name: "Texas Pacific Land Corp"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T14:34:53.759034+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TPL Q2 net income falls to $100.4M from $118.9M; royalty production hits record 24.9K boe/d

## Summary
- Net income $100.4M ($13.06 basic EPS), revenue $160.6M; prior Q2 net income $118.9M, revenue $176.3M.
- Royalty production record 24.9K boe/d (up 26% YoY); avg realized price $38.04/Boe, down 45.9% from $70.36.
- Water sales & produced water royalties up $17.5M; easements & surface income up $4.7M; total op expenses $40.3M (+$15.8M).
- Board declared $3.25/share dividend payable Sept 15; $19.5M in Q2 stock repurchases.
- Six-month net income $187.0M (down 13.8% YoY); includes $8.7M arbitration stipulation for royalty underpayment.

## SEC filing metadata
- accession: 0001811074-23-000039
- form_type: 8-K
- ticker: TPL
- cik: 0001811074
- company_name: Texas Pacific Land Corp
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811074/000181107423000039/0001811074-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811074/000181107423000039/tpl-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001811074-23-000039
- JSON: https://secwatch.observer/filing/0001811074-23-000039.json
- Plain text: https://secwatch.observer/filing/0001811074-23-000039.txt

## Key facts
- Earnings Releases
  Texas Pacific Land Corp reported six months ended June 30, 2023 results: revenue Revenues of $307.0 million, net income Net income of $187.0 million, EPS $24.31 per share (basic) and $24.30 per share (diluted).
  - Period: six months ended June 30, 2023
  - Revenue: Revenues of $307.0 million
  - Net income: Net income of $187.0 million
  - EPS: $24.31 per share (basic) and $24.30 per share (diluted)
  - Result: reported results
  source text: Six Months Ended June 30, 2023 Highlights • Net income of $187.0 million, or $24.31 per share (basic) and $24.30 per share (diluted) • Revenues of $307.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811074/000181107423000039/0001811074-23-000039-index.htm
- Earnings Releases
  Texas Pacific Land Corp reported second quarter of 2023 results: revenue Revenues of $160.6 million, net income Net income of $100.4 million, EPS $13.06 per share (basic) and $13.05 per share (diluted).
  - Period: second quarter of 2023
  - Revenue: Revenues of $160.6 million
  - Net income: Net income of $100.4 million
  - EPS: $13.06 per share (basic) and $13.05 per share (diluted)
  - Result: reported results
  source text: Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or "TPL") today announced its financial and operating results for the second quarter of 2023. Second Quarter 2023 Highlights • Net income of $100.4 million, or $13.06 per share (basic) and $13.05 per share (diluted) • Revenues of $160.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811074/000181107423000039/0001811074-23-000039-index.htm

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