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14:30
Aug 06 ◎

TPL FY2026 Q2 Watch

Texas Pacific Land Corporation (TPL) FY2026 Q2 Earnings Call

CVX TPL ▾

Ty Glover

Chevron is building a multi-gigawatt power plant on TPL land to serve a data center, validating the Permian as a data center hub and creating a long-term revenue stream for TPL (land lease, water sales, etc.).

"a previously announced land sale and water supply agreement was related to Project Kilby, which is a large-scale power generation facility Chevron is developing to support a customer data center in Reeves County, Texas."

CVX WATCH

Ty Glover

Management is bullish, citing record revenue, growing produced water volumes, new major strategic initiatives (data centers, desalination), and expectation of multiple definitive agreements in the near term.

"We will be able to provide more specific details as our commercial efforts turn into executed agreements."

TPL WATCH

HIGH

14:30
May 07 ◎

TPL FY2026 Q1 Watch

Texas Pacific Land Corporation (TPL) FY2026 Q1 Earnings Call

OXY BP DVN XOM TPL ▾

Chris Stedham

OXY is driving completion activity on TPL's lands, which directly translates into royalty revenue for TPL.

"The continued strong performance of our royalties position was primarily driven by strong completion activity in the Delaware Basin by Occidental, BP, and Devon"

OXY WATCH

Chris Stedham

BP's completion activity on TPL lands is a key driver of TPL's royalty volumes.

"The continued strong performance of our royalties position was primarily driven by strong completion activity in the Delaware Basin by Occidental, BP, and Devon"

BP WATCH

Chris Stedham

Devon's activity in the Delaware Basin is generating direct royalty volumes for TPL.

"The continued strong performance of our royalties position was primarily driven by strong completion activity in the Delaware Basin by Occidental, BP, and Devon"

DVN WATCH

Chris Stedham

Exxon's drilling in the Midland Basin is a key contributor to TPL's royalty revenues.

"...and in the Midland Basin by Exxon and Martin County."

XOM WATCH

Ty Glover

Management expresses a strongly bullish forward outlook, driven by elevated oil prices and the expectation that increased drilling activity will boost TPL's already high-margin royalty and water businesses.

"oil prices could very well remain elevated for quite some time even if the supply disruption were to be resolved in the near term. If so, we would expect the industry to ramp rig and frack spread activity over the coming quarters."

TPL WATCH

HIGH

15:30
Feb 19 ◎

TPL FY2025 Q4 Watch

Texas Pacific Land Corporation (TPL) FY2025 Q4 Earnings Call

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