TPL reports record Q2 2025; oil & gas royalty production 33.2 kboe/d, net income $116.1M

Texas Pacific Land Corp

2025-Q2 EPS reported $10.29 revenue$383,526,000

Record oil and gas royalty production of 33.2 kboe/d, record SLEM revenue $36.2M, record produced water royalties $30.7M.
Consolidated net income $116.1M ($5.05 diluted EPS); Adjusted EBITDA $166.2M; Free cash flow $130.1M.
Began construction of 10,000 bbl/d produced water desalination facility in Orla, TX, expected service late 2025.
Quarterly cash dividend declared $1.60/share, payable Sep 16 to record Sep 2.
Six-month 2025 net income $236.8M ($10.29 diluted EPS) vs $229.0M in prior year; revenue $383.5M.

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