secwatch.observer — SEC 8-K summary
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Issuer:     Texas Pacific Land Corp (TPL)
CIK:        0001811074
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001811074-26-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TPL Q1 record net income $142.9M; appoints Hor. Kinetics co-CEO to board
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- Diluted EPS $2.07, total revenue $236.8M (record), Adj. EBITDA $181.4M, free cash flow $136.4M.
- Sold land for data center power plant for $42.5M; recognized $20.9M land sale revenue and secured water supply agreement.
- Peter Doyle, co-founder/Co-CEO of Horizon Kinetics (largest shareholder), appointed to Board; will serve on strategic acquisitions committee.
- Quarterly dividend of $0.60 per share declared, payable June 15, 2026, unchanged.
- Oil and gas royalty production 37.1k Boe/d (up 19% YoY); avg realized price $37.06/Boe.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811074/000181107426000033/0001811074-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811074/000181107426000033/tpl-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001811074-26-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer