Earnings call briefThird-quarter 2026
Texas Pacific Land says it bought approximately 9,700 surface acres
The acquisition includes 238 net royalty acres in Midland and Glasscock counties, and the company had no debt at quarter end.
GetSignal Texas Pacific Land TPL
Chief Financial Officer Chris Steddum said on the third-quarter call that the company acquired approximately 9,700 surface acres and 238 net royalty acres in Midland and Glasscock counties after quarter end.
The company said the acreage sits in a high-quality subregion of the Midland Basin, is checkerboarded with four legacy company sections, and augments its Midland Basin footprint.
Quotes from the call
“After quarter end, we acquired approximately 9,700 surface acres and 238 net royalty acres in Midland and Glasscock counties.”
Key facts from the call
- Surface acres acquired
- Approximately 9,700
- Net royalty acres acquired
- 238
- Location
- Midland and Glasscock counties
- Cash and cash equivalents at quarter end
- $370 million, no debt
Source: Texas Pacific Land's third-quarter 2026 earnings call, November 5, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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