Land Ownership and Resources - Texas Pacific Land Corporation owns approximately 880,000 acres of land in Texas, primarily concentrated in the Permian Basin[58]. - The Permian Basin remains a key area for the company's revenue generation, with significant fluctuations in revenue due to oil and gas pricing and drilling activity[60]. Financial Performance - Revenues increased by $38.6 million, or 67.5%, to $95.9 million for the three months ended June 30, 2021, compared to $57.3 million for the same period in 2020[80]. - Net income more than doubled to $57.0 million for the three months ended June 30, 2021, compared to $27.6 million for the same period in 2020[80]. - Total consolidated revenues for the six months ended June 30, 2021 increased by $26.2 million, or 17.0%, to $180.1 million compared to $153.9 million for the same period in 2020[97]. - Net income for the six months ended June 30, 2021 increased by $22.1 million, or 26.0%, to $107.1 million compared to $85.0 million for the same period in 2020[97]. Oil and Gas Revenue - Oil and gas royalty revenue was $58.2 million for the three months ended June 30, 2021, compared to $20.5 million for the same period in 2020, reflecting a significant increase[84]. - Total oil and gas royalties increased to $107.737 million for the six months ended June 30, 2021, up from $62.873 million in the same period of 2020, representing a 71.4% increase[102]. - Average realized prices for oil rose to $60.55 per barrel, a 56.4% increase from $38.78 per barrel in the same period of 2020[102]. Water Services and Operations - Water services and operations segment revenues increased by 32.3% to $28.7 million for the three months ended June 30, 2021, compared to $21.7 million for the same period in 2020[89]. - Water sales revenue was $12.5 million for the three months ended June 30, 2021, an increase of 48.2% compared to $8.4 million for the same period in 2020[91]. - Water Services and Operations segment revenues decreased by 10.7% to $55.1 million for the six months ended June 30, 2021, down from $61.6 million in the same period of 2020[105]. Production Volumes - Oil production volumes decreased to 1,328 MBbls for the six months ended June 30, 2021, down from 1,423 MBbls in the same period of 2020[102]. - Natural gas production increased to 5,516 MMcf for the six months ended June 30, 2021, compared to 4,506 MMcf for the same period in 2020[102]. Cash Flow and Investments - Cash flows provided by operating activities decreased to $96.5 million for the six months ended June 30, 2021, down from $104.1 million in the same period of 2020[113]. - Cash flows used in investing activities significantly decreased to $4.5 million for the six months ended June 30, 2021, compared to $25.3 million in the same period of 2020[114]. - The company invested approximately $4.9 million in Texas Pacific Water Resources LLC (TPWR) projects during the six months ended June 30, 2021[66]. Stock and Dividends - The company has approved repurchases of up to $20.0 million of its Common Stock, with $2.5 million repurchased through June 30, 2021[76]. - Total dividends paid during the six months ended June 30, 2021 were $42.7 million, down from $124.1 million in the same period of 2020[115]. Operational Efficiency - The company continues to prioritize cost reduction measures and has invested in electrifying its water sourcing infrastructure to reduce operational costs[69]. - The average monthly horizontal permits in the Permian Basin increased to 665 in June 2021 from 402 in June 2020, reflecting a recovery in drilling activity[73]. - The average monthly horizontal wells drilled in the Permian Basin rose to 386 in June 2021 from 171 in June 2020, indicating increased drilling activity[73].

Texas Pacific Land Corporation (NYSE:TPL) Q1 2021 Results Conference Call May 7, 2021 8:30 AM ET Company Participants Chris Steddum - VP, Finance and IR Ty Glover - CEO Robert Packer - CFO Conference Call Participants Derrick Whitfield - Stifel Chris Baker - Credit Suisse Operator Good morning and welcome to Texas Pacific Land Corporation First Quarter 2021 Earnings Conference Call. This conference call is being recorded. I would now like to introduce your host for today’s call, Mr. Chris Steddum, Vice Pres ...

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, 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 jurisdict ...

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, 2020 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 ...