Texas Pacific Land Corporation (TPL) Boosts the Quarterly Dividend 12.5% to 60c Per Share

Company Overview - Texas Pacific Land Corporation (TPL) is a landowner in Texas, operating in land and resource management, as well as water services and operations [4]. Financial Performance - For the fourth quarter of 2025, TPL reported total sales of $211.6 million and a net income of $123.3 million, translating to $1.79 per diluted share [3]. - The company achieved an adjusted EBITDA of $178.1 million and generated $118.9 million in free cash flow during the same quarter [3]. - Royalty output averaged 37.5 thousand barrels of oil equivalent per day [3]. - Water sales revenue amounted to $60.7 million with volumes of 1.0 million barrels per day, while produced water royalties generated $33.5 million with volumes of 4.8 million barrels per day [3]. - TPL generated $98.2 million in Water Services and Operations sales and $113.4 million in Land and Resource Management revenue [3]. Dividend Announcement - On February 10, 2026, TPL announced a quarterly cash dividend of $0.60 per share, which is a 12.5% increase from the previous quarter [2][7]. - The dividend will be paid to shareholders of record on March 16, 2026, with the ex-dividend date set for March 2, 2026 [2]. Market Performance - TPL is recognized as one of the 12 best-performing stocks in February [1].