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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Derrick Whitfield | Texas Capital Securities | 22 (0%) |
| Oliver Huang | Tudor, Pickering, Holt | 10 (10%) |
| Tim Rezvan | KeyBanc Capital Markets | 8 (13%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Texas Capital Securities | 1 | 22 (0%) |
| Tudor, Pickering, Holt | 1 | 10 (10%) |
| KeyBanc Capital Markets | 1 | 8 (13%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $186M | +11.5% | $1.71 | +4.7% | 76.7% | 63.7% | $113M |
| FY2025 Q1 | $196M | +12.5% | $1.75 | +5.4% | 76.6% | 61.6% | $148M |
| FY2025 Q2 | $188M | +8.8% | $1.68 | +1.4% | 76.6% | 61.9% | $118M |
| FY2025 Q3 | $203M | +17.0% | $1.76 | +14.0% | 73.4% | 59.7% | $136M |
| FY2025 Q4 | $212M | +13.9% | $1.78 | +3.9% | 70.5% | 58.3% | $85M |
| FY2026 Q1 | $237M | +20.8% | $2.07 | +18.5% | 77.0% | 60.3% | $155M |
| FY2026 Q2 | $246M | +31.2% | $2.23 | +32.5% | 78.0% | 62.6% | $306M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Texas Pacific Land delivered record quarterly revenue, net income, and free cash flow in Q1, with revenue up 21% year-over-year and royalty production averaging approximately 37,001 barrels of oil equivalent per day, up 19%. Elevated oil prices and the company's unhedged commodity position maximized the revenue impact of strong well inventory and operator activity momentum. Data center and power generation opportunities continued advancing while the desalination facility progressed.
Cloud & AI | Demand | Innovation & R&D | Revenue Growth | Competitive Dynamics | M&A | Capex Investment | Regulation Policy | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | |
| 2025Q1 | 1 | 1 | 2 | 1 | ||||
| 2025Q2 | 2 | 2 | 1 | 1 | 1 | 1 | ||
| 2025Q3 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | |
| 2025Q4 | 5 | 2 | 4 | 2 | 1 | 1 | ||
| 2026Q1 | 4 | 2 | 1 | 1 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Cloud & AI | 1 | 2 | 1 | 5 | 4 | |
| Demand | 1 | 1 | 2 | 1 | 2 | 2 |
| Innovation & R&D | 2 | 1 | 1 | 4 | 1 | |
| Revenue Growth | 1 | 1 | 1 | 2 | 2 | 1 |
| Competitive Dynamics | 1 | 2 | 1 | 2 | 1 | 1 |
| M&A | 1 | 1 | 1 | 2 | ||
| Capex Investment | 1 | 2 | ||||
| Regulation Policy | 1 | 1 |
What TPL and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We have several projects that we are working with BOLT on, but we also have several that are not BOLT-related.”
TPL is advancing several power/data-center development projects with partner BOLT on its Permian acreage.
“strong completion activity in the Delaware Basin by Occidental, BP, and Devon in Loving and northern Reeves counties, and in the Midland Basin by Exxon in Martin County.”
ExxonMobil drove strong completion activity on TPL's Midland Basin acreage in Martin County — a positive read-through on Exxon's Permian development.
“strong completion activity in the Delaware Basin by Occidental, BP, and Devon in Loving and northern Reeves counties, and in the Midland Basin by Exxon in Martin County.”
Devon Energy contributed to strong completion activity on TPL's Delaware Basin acreage — a positive read-through on Devon's Permian development pace.
“strong completion activity in the Delaware Basin by Occidental, BP, and Devon in Loving and northern Reeves counties, and in the Midland Basin by Exxon in Martin County.”
BP was among the operators driving strong completion activity on TPL's Delaware Basin acreage — a positive read-through on BP's Permian development.
“strong completion activity in the Delaware Basin by Occidental, BP, and Devon in Loving and northern Reeves counties, and in the Midland Basin by Exxon in Martin County.”
Occidental drove strong completion activity on TPL's Delaware Basin royalty acreage — a positive read-through on Occidental's Permian development pace.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
TPL Texas Pacific Land Corporation | 8 | +20.8% | |
| APA APA Corporation | 5 | -11.7% | |
| COP ConocoPhillips | 6 | -2.5% | |
| CTRA Coterra | · | n/a | |
| DVN Devon Energy | 5 | -13.0% | |
| EOG EOG Resources | 9 | +15.7% | |
| EQT EQT Corporation | 9 | +39.7% | |
| EXE Expand Energy | 7 | +100.2% | |
| FANG Diamondback Energy | 6 | +5.2% | |
| OXY Occidental Petroleum | 6 | -23.1% |