UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 IRS Employer Identification No.: Delaware 75-0279735 Address of principal executive offices: 1700 Pacific Avenue, Suite 2900 Dallas, Texas 75201 Registrant's telephone number, including area code: (214) 969-5530 Securities registered pursuant to Section 12(b) of the Act: | Title of e ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2023 were $146 million, representing a 4% decline sequentially from Q4 2022 due to lower oil and gas prices and royalty production, offset by higher sourced water sales and other income [7] - Oil and gas royalty revenues were down 14% year-over-year, while sourced water sales increased by 15%, produced water royalties rose by 35%, and easement and other surface-related income surged by 63% [4][5] - Adjusted EBITDA for the quarter was $116 million, and free cash flow was $88 million, with a cash balance of $591 million at the end of the quarter [7] Business Line Data and Key Metrics Changes - The non-oil and gas royalty businesses contributed nearly 40% of total revenues, providing a hedge against commodity price fluctuations [5] - The sourced water sales and produced water royalties showed significant growth, indicating diversification in revenue streams [4] Market Data and Key Metrics Changes - WTI Cushing Oil and Henry Hub natural gas prices decreased by 19% and 43% respectively compared to the same period last year, impacting oil and gas royalty revenues [4] - The company reported strong leading indicators such as new permitting and drilling activity, which remain at historically high levels [6] Company Strategy and Development Direction - The company maintains a debt-free balance sheet and focuses on maximizing shareholder value through capital allocation strategies, including a $250 million buyback authorization [8] - The long-term outlook remains strong, particularly in the Permian Basin, which is considered a premier resource play in North America [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism based on customer conversations and internal data, indicating a positive production outlook for the remainder of the year despite short-term volatility [6][11] - The company is positioned well with a strong inventory of permits and DUCs, suggesting potential for increased production [7][11] Other Important Information - The company is involved in a legal dispute with Horizon Kinetics regarding voting commitments, with a court decision anticipated following a trial held on April 17, 2023 [6] - A one-time revenue adjustment related to Chevron's over-deduction of expenses was disclosed, which could have impacted oil revenue by an estimated $8 million on a normalized basis [18][19] Q&A Session Summary Question: Growth outlook of oil and gas royalty segment - Management expects TPL to outperform the basin in the near and medium term, with strong near-term inventory supporting a positive production outlook [11] Question: Impact of Chevron's issues on operations - The company has limited exposure to Chevron's operations, as most of the minerals have been leased out [12] Question: Drivers behind strong SLEM business performance - Increased pipeline easements and successful rock sales have contributed to the strong performance in the SLEM business [13] Question: Legal expenses and future expectations - Legal expenses are accrued, and future spending cannot be commented on at this time [17] Question: One-time revenue from arbitration - The one-time revenue was related to past overcharges by Chevron, and it is not expected to recur [18][19] Question: Capital expenditure in Water Resource business - The capital expenditure is aligned with maintenance needs and electrification processes, with the Water Resource business generating positive free cash flow [21]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 1-39804 Exact name of registrant as specified in its charter: Texas Pacific Land Corporation State or other jurisdiction ...

Texas Pacific Land Corporation (NYSE:TPL) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Shawn Amini - Vice President-Finance & Investor Relations Ty Glover - Chief Executive Officer Chris Steddum - Chief Financial Officer Conference Call Participants Derrick Whitfield - Stifel Hamed Khorsand - BWS Financial Operator Good morning, and welcome to Texas Pacific Land Corporation's Fourth Quarter and Full Year 2022 Earnings Conference Call. This conference call is being recor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 1-39804 Exact name of registrant as specified in its charter: Texas Pacific Land Corporation State or other jurisdiction o ...

Texas Pacific Land Corporation (NYSE:TPL) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET Company Participants Shawn Amini - VP, Finance and IR Ty Glover - CEO Chris Steddum - CFO Conference Call Participants Derrick Whitfield - Stifel Hamed Khorsand - BWS Financial Operator Good morning, and welcome to Texas Pacific Land Corporation's Third Quarter 2022 Earnings Conference Call. This conference call is being recorded. I would now like to introduce your host for today's call, Shawn Amini, Vice ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 1-39804 Exact name of registrant as specified in its charter: Texas Pacific Land Corporation State or other juris ...

Texas Pacific Land Corporation (NYSE:TPL) Q2 2022 Results Conference Call August 4, 2022 8:30 AM ET Company Participants Shawn Amini - Vice President, Finance and Investor Relations Ty Glover - President, CEO & Trustee Chris Steddum - CFO Conference Call Participants John Annis - Stifel, Nicolaus & Company Hamed Khorsand - BWS Financial Christopher Baker - Crédit Suisse Operator [Call Starts Abruptly] Pacific Land Corporation's Second Quarter 2022 Earnings Conference Call. This conference call is being reco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 1-39804 Exact name of registrant as specified in its charter: Texas Pacific Land Corporation State or other jurisdicti ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2022 was $147 million, remaining flat compared to Q4 2021 despite higher oil prices, with a modest decline in royalty production [16] - Adjusted EBITDA and net income for the quarter were $130 million and $98 million, respectively, with approximately $507 million in cash before the special dividend [18] Business Line Data and Key Metrics Changes - The surface leases, easements, and materials business (SLEM) saw an uptick in requests for new infrastructure and well pads, particularly in the Northern Delaware region, indicating future development activity [8] - The water segment performed solidly, although some frac jobs were deferred due to operators struggling to procure frac sand, with expectations for increased volumes throughout the year [9] Market Data and Key Metrics Changes - The company reported 200 gross spuds on its royalty acreage in Q1 2022, the highest level since the pandemic, indicating strong overall completions [9] - Crude oil price realizations remained strong, generally $1 or $2 less than WTI Midland, while gas realizations improved over the last six months [17] Company Strategy and Development Direction - The company announced a special dividend of $20 per share, in addition to a $100 million share repurchase plan, reflecting a strong return of capital to shareholders [7] - The company is exploring innovative projects, including behind-the-meter solar projects and discussions on utility-scale renewable projects, Bitcoin mining, and carbon capture [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the underlying business fundamentals remaining constructive, with expectations for continued growth in completions and water sales [7] - The management acknowledged challenges in the supply chain, particularly regarding frac sand, but remains confident in the long-term performance of the water business [24] Other Important Information - The company is advancing discussions on various innovative opportunities and has welcomed new board members to enhance its governance [13] - The company is committed to maintaining flexibility in capital allocation, balancing growth opportunities with shareholder returns [25] Q&A Session Summary Question: Can you offer color on Q1 oil production and overall production trends for the year? - Management noted that Q1 saw high levels of permitting and DUCs, indicating a positive outlook for production activity for the rest of the year [21] Question: What are the best opportunities for balancing growth versus return of capital? - Management indicated that while there are still deals available, the current high commodity prices have made them more cautious about acquisitions, focusing instead on buybacks and dividends [25] Question: Is the drilling activity driven by low inventory or price? - Management confirmed that there has been a drawdown of DUCs, and Q1 marked a quarter where operators began to replenish their inventory [28] Question: How does the sand-sourcing issue affect your customers? - Management stated that the sand-sourcing issue is widespread across the basin, affecting many operators, particularly smaller ones [29] Question: Can you elaborate on the $20 special dividend decision? - Management explained that the decision was influenced by strong cash flow generation and a desire to return excess capital in a high-price environment [36]