Texas Pacific Land (TPL) Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 19, 2026 astatine 10:33 AM CST 23 min read

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Thursday, Feb. 19, 2026 astatine 10:30 a.m. ET

• Chief Executive Officer — Tyler Glover

• Chief Financial Officer — Chris Steddum

• Executive Vice President, Texas Pacific Water Resources — Robert A. Crain

• Vice President of Finance and Investor Relations — Shawn Amini

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Operator: Greetings, and invited to the Texas Pacific Land Corporation Fourth Quarter 2025 Earnings Conference Call. At this time, each participants are successful a listen-only mode. A little question-and-answer league volition travel the ceremonial presentation. If anyone should necessitate relation assistance during the conference, arsenic a reminder, this league is being recorded. It is present my pleasance to present your host, Shawn Amini, Vice President of Finance and Investor Relations. Thank you, sir. You whitethorn begin.

Shawn Amini: Thank you for joining america contiguous for Texas Pacific Land Corporation’s 4th fourth 2025 net league call. Yesterday afternoon, the institution released its fiscal results and filed its Form 10-K with the Securities and Exchange Commission, which is disposable connected the Investors conception of the company’s website astatine www.texaspacific.com. As a reminder, remarks made connected today’s league telephone whitethorn see forward-looking statements. Forward-looking statements are taxable to risks and uncertainties that whitethorn origin existent results to disagree materially from those discussed today. We bash not undertake immoderate work to update our forward-looking statements successful airy of caller accusation oregon aboriginal events.

For a much elaborate treatment of the factors that whitethorn impact the company’s results, delight notation to our net merchandise for this 4th and to our caller SEC filings. During this call, we volition besides beryllium discussing definite non-GAAP fiscal measures. More accusation and reconciliations astir these non-GAAP fiscal measures are contained successful our net merchandise and SEC filings. Please besides note, you whitethorn astatine times notation to our institution by its banal ticker, TPL. This morning’s league telephone is hosted by TPL’s Chief Executive Officer, Tyler Glover, TPL’s Chief Financial Officer, Chris Steddum, and Executive Vice President of Texas Pacific Water Resources, Robert A. Crain.

Management volition marque immoderate prepared comments, aft which we volition unfastened the telephone for questions. I volition present crook the telephone implicit to Tyler Glover. Good morning, everyone, and convey you for joining america today. Fourth 4th was an fantabulous decorativeness to 2025.

Tyler Glover: With quarterly records acceptable for lipid and state royalty production, h2o income volumes, and produced h2o royalties. Excluding the publication from our antecedently announced royalties acquisition from past November, our 4th fourth lipid and state royalty accumulation grew 23% twelvemonth implicit year. Water income volumes this 4th exceeded 1,000,000 barrels per time for the archetypal clip successful our history, increasing 36% twelvemonth implicit year, and produced h2o royalty volumes grew 22% twelvemonth implicit year. For the afloat fiscal twelvemonth 2025, we acceptable yearly records crossed our large operating milestones of lipid and state royalty production, h2o sales, produced h2o royalties, and SLB revenue. We besides delivered fiscal twelvemonth records for consolidated metrics, including revenue, nett income, and escaped currency flow.