---
schema_version: "secwatch.filing_event.v1"
accession: "0001811074-24-000029"
form_type: "8-K"
ticker: "TPL"
cik: "0001811074"
company_name: "Texas Pacific Land Corp"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:26:36.135984+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TPL Q1 net income $114.4M, EPS $4.97; record water revenue $62.7M; desalination pilot

## Summary
- Net income $114.4M ($4.97 diluted EPS) on revenue $174.1M; record water segment revenue $62.7M.
- Adjusted EBITDA $152.0M, free cash flow $114.5M; $10.3M stock repurchases in Q1.
- Quarterly dividend $1.17/share declared, payable June 17, 2024 (unchanged).
- New produced water desalination technology pilot successful; moving to 10,000 bbl/d test facility.
- Royalty production 24.8 MBoe/d (down from 26.3 in Q4, up from 20.9 YoY).

## SEC filing metadata
- accession: 0001811074-24-000029
- form_type: 8-K
- ticker: TPL
- cik: 0001811074
- company_name: Texas Pacific Land Corp
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811074/000181107424000029/0001811074-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811074/000181107424000029/tpl-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001811074-24-000029
- JSON: https://secwatch.observer/filing/0001811074-24-000029.json
- Plain text: https://secwatch.observer/filing/0001811074-24-000029.txt

## Source-grounded claims
- claim_id: e746b763a39f217cfda1c3c8c4bde30a476ed034
  claim: Texas Pacific Land Corp reported first quarter of 2024 results: revenue $174.1 million, net income $114.4 million, EPS $4.97 per share (diluted).
  evidence_excerpt: of 10,000 barrels of produced water per day. • Three-for-one stock split effective March 26, 2024 • Net income of $114.4 million, or $4.97 per share (diluted) • Revenues of $174.1 million, including record water segment revenues of $62.7 million • Adjusted EBITDA (1) of $152.0 million • Free cash flow (1) of $114.5 million • Royalty production of 24.8 thousand
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811074/000181107424000029/0001811074-24-000029-index.htm

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