Texas Pacific Land Q1 revenue rises on data center, power generation project

Texas Pacific Land (Dover)

06/05/2026 21:25

Overview

U.S. land royalty company's Q1 revenue rose yr/yr, slightly beating analyst expectations

Company completed land sale and secured water supply deal for data center project

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

LAND SALE - Q1 results included $20.9 mln in land sale revenue from a transaction supporting a data center and power generation project

OIL AND GAS ROYALTIES - Higher oil and gas royalty revenue driven by increased realized prices and production volumes yr/yr

WATER REVENUE - Water sales and produced water royalties rose yr/yr on higher volumes and pricing, though water sales fell sequentially due to lower volumes and pricing

Company press release: ID:nBw6dkjqca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$236.80 mln
$235.50 mln (2 Analysts)
Q1 EPS
$2.07
Q1 Net Income
$142.90 mln
Q1 Adjusted EBITDA
$181.40 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Texas Pacific Land Corp is $442.05, about 2.7% above its May 5 closing price of $430.44

The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 43 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)