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 ...

Texas Pacific Land Corp (NYSE:TPL) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Shawn Amini - Vice President, Finance and Investor Relations Tyler Glover - President, CEO & Trustee Chris Steddum - CFO Conference Call Participants John Annis - Stifel, Nicolaus & Company Hamed Khorsand - BWS Financial Christopher Baker - Crédit Suisse Operator Good morning, and welcome to the Texas Pacific Land Corporation's First Quarter 2022 Earnings Conference Call. This conference is being ...

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, 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 jurisdict ...

Texas Pacific Land Corporation (NYSE:TPL) Q4 2021 Earnings Conference Call February 24, 2022 8:30 AM ET Company Participants Shawn Amini - Vice President of Finance & Investor Relations Ty Glover - Chief Executive Officer Chris Steddum - Chief Financial Officer Conference Call Participants Derrick Whitfield - Stifel Hamed Khorsand - BWS Financial Chris Baker - Credit Suisse Operator Good morning and welcome to Texas Pacific Land Corporation's Fourth Quarter 2021 Earnings Conference Call. This conference cal ...

Company Overview - Texas Pacific Land Corporation owns approximately 880,000 surface acres of land in West Texas and various oil and gas royalty interests across approximately 456,000 acres[11][13]. - As of December 31, 2021, the company owned 880,581 acres of surface estate and additional royalty interests under 454,671 acres of land in West Texas[94]. - The company’s stock is traded on the NYSE under the ticker symbol "TPL," with 219 registered holders as of January 31, 2022[101]. Financial Performance - For the year ended December 31, 2021, total revenues were $450.96 million, a 48.9% increase from $302.56 million in 2020[18]. - Net income for 2021 was $269.98 million, representing a 53.2% increase from $176.05 million in 2020[18]. - Cash flows from operating activities increased to $265.2 million in 2021 from $207.0 million in 2020, primarily due to higher oil and gas prices and production volumes[119][120]. - Operating income for the year ended December 31, 2021, was $362.39 million, compared to $217.26 million in 2020, indicating improved operational efficiency[125][126]. - EBITDA for the year ended December 31, 2021, was $379.27 million, compared to $234.06 million in 2020[153]. - Adjusted EBITDA for 2021 was $387.98 million, an increase from $239.11 million in 2020[153]. Revenue Breakdown - Oil and gas royalty revenue for the Land and Resource Management segment was $286.47 million in 2021, accounting for 64% of total segment revenue[24]. - Oil and gas royalty revenue reached $286.47 million in 2021, up from $137.95 million in 2020, reflecting a significant recovery in commodity prices[125][126]. - Water Services and Operations segment revenue increased to $130.57 million in 2021, up from $107.42 million in 2020, driven by a 14.7% increase in sourced and treated barrels sold[31]. - Land and Resource Management segment revenues rose by $125.2 million, or 64.2%, to $320.39 million in 2021 compared to $195.14 million in 2020[139]. - Average realized prices for oil increased to $66.62 per barrel in 2021 from $41.13 per barrel in 2020, while natural gas prices rose to $3.67 per Mcf from $1.24 per Mcf[142]. Investments and Capital Allocation - The company invested approximately $11.7 million in Texas Pacific Water Resources LLC projects in 2021, with $6.4 million allocated to electrifying water sourcing infrastructure[32]. - The company has invested in electrifying its water sourcing infrastructure to reduce dependence on fuel and improve operational efficiency[110]. - Total cash and cash equivalents as of December 31, 2021, were $428.2 million, which the company plans to use for business growth, stock repurchases, and dividends[118]. - The company repurchased $19.9 million of shares and paid $85.3 million in dividends during the year ended December 31, 2021[118][124]. Governance and Corporate Structure - The Company converted from a business trust to a Delaware corporation, enhancing governance for stockholders[42]. - The board of directors was established as part of the corporate reorganization, replacing the previous governance structure of trustees[180]. - The Company has instituted a governance framework for overseeing ESG strategies, with annual reviews to assess updates or improvements[41]. - The Board has adopted a Code of Business Conduct and Ethics applicable to all members, ensuring compliance and ethical standards[205]. Internal Controls and Compliance - A material weakness in internal controls over financial reporting was identified, particularly related to accounting for income taxes[64]. - The company identified a material weakness in internal control over financial reporting related to the evaluation of historical tax returns and tax positions, which could lead to material misstatements[163]. - Deloitte & Touche LLP concluded that the company did not maintain effective internal control over financial reporting as of December 31, 2021, due to the identified material weakness[167]. - Management has proposed remediation activities, including implementing controls to evaluate the technical merits of existing tax positions on a quarterly basis[165]. Market and Economic Conditions - The Company’s revenues from oil and gas royalties are dependent on market prices, which are subject to significant fluctuations due to various factors[51]. - The Company’s land sales are subject to substantial fluctuations influenced by national and local economic conditions and development rates[53]. - Oil and gas prices rebounded in 2021, positively impacting oil and gas royalty revenues after a decline in 2020[51]. - Development activity in the Permian Basin significantly improved in 2021 compared to 2020, although it remains below pre-pandemic levels[108]. Employee and Safety Policies - The Company had 92 full-time employees as of December 31, 2021, emphasizing the importance of attracting and retaining skilled professionals[43]. - The Company aims for zero occupational injuries and has implemented safety policies compliant with OSHA standards[46]. Risks and Challenges - The company may face adverse effects from global health threats, such as COVID-19, which could lead to increased operating costs and impact earnings, cash flow, and financial condition[66]. - The Corporate Reorganization may not achieve expected strategic and financial benefits, potentially impacting business operations[67]. - The company faces risks related to stockholder activism, which could hinder business strategy execution and impact trading value[79]. - The stock price may experience significant fluctuations due to various factors, including changes in operating results and market conditions[80].

Start Time: 08:30 January 1, 0000 8:58 AM ET Texas Pacific Land Corporation (NYSE:TPL) Q3 2021 Earnings Conference Call November 05, 2021, 08:30 AM ET Company Participants Tyler Glover - President and CEO Chris Steddum - CFO Shawn Amini - VP of Finance and IR Conference Call Participants John Annis - Stifel Hamed Khorsand - BWS Financial Chris Baker - Credit Suisse Operator Greetings, and welcome to the Texas Pacific Land Corporation Third Quarter 2021 Earnings Call. At this time, all participants are in a ...

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, 2021 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 2021 Earnings Conference Call August 6, 2021 8:30 AM ET Company Participants Ty Glover - Chief Executive Officer Chris Steddum - Chief Financial Officer Conference Call Participants Chris Baker - Credit Suisse Hamed Khorsand - BWS Financial Derrick Whitfield - Stifel Operator Greetings, and welcome to Texas Pacific Land Corporation Second Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will fol ...