---
schema_version: "secwatch.filing_event.v1"
accession: "0001811074-25-000058"
form_type: "8-K"
ticker: "TPL"
cik: "0001811074"
company_name: "Texas Pacific Land Corp"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:44:06.276535+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TPL Q1 2025: record oil/royalty production 31.1 MBoe/d, revenue $196M, net income $120.7M

## Summary
- Oil and gas royalty production of 31.1 thousand Boe/d, a Company record, vs 29.1 in Q4 2024 and 24.8 in Q1 2024.
- Water Services and Operations revenue of $69.4M, also a record; total revenue $196.0M vs $185.8M Q4 2024.
- Net income of $120.7M ($5.24 diluted EPS); Adjusted EBITDA $169.4M; Free cash flow $126.6M.
- Quarterly dividend declared $1.60/share, payable June 16, 2025, unchanged from prior quarter.
- Net well permits, DUCs, CUPs total 24.3 net wells (record); net producing wells 90.2.

## SEC filing metadata
- accession: 0001811074-25-000058
- form_type: 8-K
- ticker: TPL
- cik: 0001811074
- company_name: Texas Pacific Land Corp
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811074/000181107425000058/0001811074-25-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811074/000181107425000058/tpl-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001811074-25-000058
- JSON: https://secwatch.observer/filing/0001811074-25-000058.json
- Plain text: https://secwatch.observer/filing/0001811074-25-000058.txt

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