---
schema_version: "secwatch.filing_event.v1"
accession: "0001811074-23-000051"
form_type: "8-K"
ticker: "TPL"
cik: "0001811074"
company_name: "Texas Pacific Land Corp"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:06:29.521776+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Texas Pacific Land Q3 net income $105.6M, down 18.6% YoY; revenue $158M

## Summary
- Diluted EPS of $13.74 vs $16.95 a year ago; net income fell from $129.8M.
- Oil & gas royalty revenue down $43.2M on lower avg price ($45.41/Boe vs $63.42) and lower production (21.8 vs 23.4 kboe/d).
- Water sales and produced water royalties rose $3.7M; easements and other surface income up $4.1M.
- Quarterly cash dividend of $3.25 declared, payable Dec 15 to holders of record Dec 1.
- Repurchased $5.9M of common stock in Q3; $32.2M year-to-date.

## SEC filing metadata
- accession: 0001811074-23-000051
- form_type: 8-K
- ticker: TPL
- cik: 0001811074
- company_name: Texas Pacific Land Corp
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1811074/000181107423000051/0001811074-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811074/000181107423000051/tpl-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001811074-23-000051
- JSON: https://secwatch.observer/filing/0001811074-23-000051.json
- Plain text: https://secwatch.observer/filing/0001811074-23-000051.txt

## Key facts
- Earnings Releases
  Texas Pacific Land Corp reported nine months ended September 30, 2023 results: revenue $464.9 million, net income $292.5 million, EPS $38.04 per share (diluted).
  - Period: nine months ended September 30, 2023
  - Revenue: $464.9 million
  - Net income: $292.5 million
  - EPS: $38.04 per share (diluted)
  - Result: reported results
  source text: Nine Months Ended September 30, 2023 Highlights • Net income of $292.5 million, or $38.04 per share (diluted) • Revenues of $464.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811074/000181107423000051/0001811074-23-000051-index.htm
- Earnings Releases
  Texas Pacific Land Corp reported third quarter of 2023 results: revenue $158.0 million, net income $105.6 million, EPS $13.74 per share (diluted).
  - Period: third quarter of 2023
  - Revenue: $158.0 million
  - Net income: $105.6 million
  - EPS: $13.74 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 third quarter of 2023. Third Quarter 2023 Highlights • Net income of $105.6 million, or $13.74 per share (diluted) • Revenues of $158.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811074/000181107423000051/0001811074-23-000051-index.htm

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