Texas Pacific Land Corporation · TPL · Next earnings

Texas Pacific Land Corporation reports Wednesday, Nov 4, 2026

TPL reports after market close with consensus EPS at $2.35 and revenue at $255.0M. Last quarter: TPL Q1 2026: Record Revenue and Free Cash Flow as NextGen Initiatives Advance

Reports After market close45 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $2.35 Calendar consensus
Consensus revenue $255.0M Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session After market close 45 days away

Where TPL left off: FY2026 Q1

Full report

TPL Q1 2026: Record Revenue and Free Cash Flow as NextGen Initiatives Advance

EPS surprise +2.5% Reported $2.07 vs $2.02
Revenue surprise +1.6% Reported $236.8M vs $233.0M
Stock move -4.9% Event window
Subsequent drift -2.3% Up to 20 sessions

Prior quarter: Management provided 2026 capex guidance of $65-75M with a 'maintained' guidance sentiment and 'stable' capex outlook. This quarter: No formal guidance was issued (sentiment marked 'not_provided'), and the capex outlook shifted to 'increasing,' reflecting growing investment in desalination and data-center infrastructure. The prior $65-75M capex range was not reaffirmed.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Sustained volatility in global oil prices could pressure royalty revenue.
  • Execution risk on large-scale power, data-center, and desalination projects.
  • Potential slowdown in operator drilling activity if oil price momentum wanes.
  • Seasonal variability and accrual noise in water segment volumes.
  • Dependence on hyperscaler demand for power and water infrastructure monetization.

Questions analysts left open

  • Size and identity of the counterparty for the land and water agreement.
  • Economic feasibility and funding structure of the 100,000-bpd desalination facility.
  • Revenue trend in legacy SLEM and water segments after adjusting for one-time items.
  • Direction and scale of the BOLT partnership for power generation.
  • Total addressable market and market share potential for data-center power in the Permian.

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Recent TPL quarters

All TPL earnings
-4.9%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.