Texas Pacific Land Corporation (TPL)

Texas Pacific Land Corporation’s earnings topped consensus while revenue came in below estimates in the second fiscal quarter of 2026, reported Aug. 5. Revenue rose 31% to about $246.1 million from $187.5 million a year ago, but that was 1.4% below the $249.5 million consensus; gross margin held at 100% and operating margin was near 78% as operating income reached about $191.8 million. EPS was $2.23, ahead of the $2.18 estimate by 2.3% and up 33% from $1.68 a year earlier, while net income climbed 33% to about $153.9 million from $116.1 million. Operating cash flow came in at about $334.9 million, and the company paid about $83.2 million in dividends. Consensus for the next period calls for EPS of $2.12 on revenue of $248.0 million.