TPL at a glance
Texas Pacific Land Corporation (TPL, SEC CIK 1811074) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 25, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Texas Pacific Land Corporation (TPL) reported revenue of $798.2 million (up 13.1% from FY2024) and net income of $481.4 million. Diluted EPS was $6.97.
- As of June 30, 2026, 38 institutional investment managers tracked by SignalX reported holding Texas Pacific Land Corporation (TPL) shares worth $9.4 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by HORIZON KINETICS ASSET MANAGEMENT LLC on September 29, 2026 of 4 shares at $340.96 per share.
- In the last 90 days, TPL insiders reported 59 open-market purchases ($25K) and 0 open-market sales ($0) on Form 4, a net purchase of $25K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $798.2M
- +13.1% vs prior year
- Insiders · 90 days
- 59 buys · 0 sells
- Net +$25K
- 13F holders
- 38 funds
- $9.4B · +2 vs prior quarter
- Latest 8-K
- Sep 25, 2026
- Item 5.02 · Item 5.08
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Landowner in Texas Permian Basin generating revenue from oil and gas royalties, water sales, produced water royalties, easements, and land sales
- New strategic minority equity investment $50M in Bolt Data & Energy, Inc. for data center and energy infrastructure projects
- Strategic emphasis on expanding water services and infrastructure with related water sales revenue $170M, up 13% YoY
- Royalty interests acquired increased to $840M in 2025 from $432M in 2024, reflecting significant asset base expansion
- Cash and equivalents dropped $225M to $145M, reflecting large capital expenditures and investments in 2025
Management Discussion & Analysis
- No revenue, profitability, segment, or cash flow data disclosed in provided section
- Focus on executive compensation design, objectives, and benchmarking with 2025 base salaries: Glover $850K, Steddum $545K, Dobbs $455K
- 2025 bonuses paid at 123% of target: Glover $1.15M, Steddum $670K, Dobbs $448K, based on metrics like FCF/share $7.22 vs target $6.67, Adjusted EBITDA $687M vs target $635M
- Long-term incentives weighted 50% RSUs, 50% PSUs tied to RTSR and 3-year FCF performance, e.g., Glover target LTI $4.46M (525% base salary)
- Forward outlook includes strategic objectives on safety, ESG, growth, technology, and capital returns; no explicit guidance or risk disclosed in excerpt
Risk Factors
- Regulatory risk: Alignment with NIST Cybersecurity Framework and oversight by Audit Committee with certified cybersecurity expert member
- Geopolitical/macroeconomic: Exposure to emerging threats including generative AI and machine learning vulnerabilities
- Operational/supply chain: Dependence on third-party IT service providers for annual penetration testing and security incident simulations
- Competitive/market disruption: Continuous evaluation of improved mitigation methods against evolving cybersecurity threats
- Financial/structural: Key-person dependency on Director of IT (30+ years experience) and third-party CISO (20+ years experience)
AI summary of the TPL 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue and year-over-year change not provided
- Profitability, segment performance, cash flow, and capital deployment figures not provided
Risk Factors
- No risk-factors section provided in the supplied excerpt
- No newly added or materially updated risks identifiable from Items 2–6
- No regulatory, legal, operational, competitive, market, or financial risks disclosed in the excerpt
AI summary of the TPL 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Employment agreements for CEO Tyler Glover, CFO Chris Steddum, and General Counsel Micheal Dobbs extended through December 31, 2029
- Automatic one-year renewals thereafter unless either party provides 120 days’ non-renewal notice
Item 5.08: Shareholder Director Nominations
- 2027 annual meeting scheduled for May 6, 2027, over 30 days earlier than the November 5, 2026 meeting
- Rule 14a-8 shareholder proposals due by November 27, 2026 for potential proxy inclusion
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half 2026 results announced for periods ended June 30, 2026
- Press release issued August 5, 2026 and furnished as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Record Q2 revenue $246.1M, net income $153.9M, and free cash flow $155.5M, demonstrating strong operating leverage
- Oil and gas royalty revenue rose to $145.6M as production reached 39.7 thousand Boe/day and realized pricing reached $42.17/Boe
Item 7.01: Regulation FD Disclosure
- Updated investor presentation posted August 5, 2026, supporting ongoing investor and analyst meetings
- CEO Tyler Glover and others featured in linked company discussion video
Item 7.01: Regulation FD Disclosure
- Filing signature dated June 23, 2026 by Micheal W. Dobbs, SVP, General Counsel and Secretary
Item EX-99.1: Item EX-99.1
- Agreement with Chevron to provide land and brackish water for Project Kilby, a large-scale power facility supporting a data center
- Surface acreage contribution generated cash consideration and exclusive aquifer-water sourcing rights
AI summaries of TPL 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for TPL
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC | Buy | Sep 29, 2026 | 4 | $340.96 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Buy | Sep 28, 2026 | 1 | $340.12 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Buy | Sep 25, 2026 | 1 | $339.72 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Buy | Sep 24, 2026 | 1 | $340.28 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Buy | Sep 23, 2026 | 1 | $352.95 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Buy | Sep 22, 2026 | 1 | $361.36 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Buy | Sep 21, 2026 | 1 | $348.98 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Buy | Sep 18, 2026 | 1 | $351.34 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $631.6M | $705.8M | $798.2M |
| Operating Income | $486.1M | $539.1M | $592.2M |
| Net Income | $405.6M | $454.0M | $481.4M |
| Op. Margin | 77.0% | 76.4% | 74.2% |
| Net Margin | 64.2% | 64.3% | 60.3% |
| Balance Sheet | |||
| Total Assets | - | $1.2B | $1.6B |
| Equity | $1.0B | $1.1B | $1.5B |
| ROE | 38.9% | 40.1% | 33.0% |
| Per Share | |||
| EPS | $52.77 | $19.72 | $6.97 |
| Cash Flow | |||
| Operating CF | $418.3M | $490.7M | $545.9M |
Source: XBRL data in Texas Pacific Land Corporation (TPL)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate TPL share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 38 | $9.41B |
| Q1 2026 | 36 | $10.19B |
| Q4 2025 | 34 | $6.26B |
| Q3 2025 | 36 | $6.80B |
| Q2 2025 | 35 | $7.52B |
| Q1 2025 | 32 | $7.03B |
| Q4 2024 | 27 | $5.21B |
| Q3 2024 | 21 | $1.49B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 259 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
TPL filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 25, 2026 | - | - | - |
| 8-K | Sep 25, 2026 | - | Analysis | - |
| 4 | Sep 24, 2026 | - | - | - |
| 4 | Sep 23, 2026 | - | - | - |
| 4 | Sep 22, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 15, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 9, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 1, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| 4 | Aug 28, 2026 | - | - | - |
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TPL SEC filings: frequently asked questions
Are TPL insiders buying or selling?
In the last 90 days, Texas Pacific Land Corporation (TPL) officers, directors and 10% owners reported 59 open-market purchases worth $24,718 by 2 insiders and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold TPL stock?
As of June 30, 2026, the largest Texas Pacific Land Corporation (TPL) holders among the 13F filers tracked by SignalX were BlackRock ($2.3 billion), State Street Corp ($1.7 billion), Vanguard Capital Management LLC ($1.7 billion), Vanguard Portfolio Management LLC ($1.4 billion), Morgan Stanley ($425.5 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was TPL's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Texas Pacific Land Corporation (TPL) reported revenue of $798.2 million (up 13.1% from FY2024) and net income of $481.4 million. Diluted EPS was $6.97. The figures come from the XBRL data in the 10-K.
What are the main risks in TPL's latest 10-K?
In the 10-K filed February 18, 2026, Texas Pacific Land Corporation (TPL) flagged: Regulatory risk: Alignment with NIST Cybersecurity Framework and oversight by Audit Committee with certified cybersecurity expert member. Geopolitical/macroeconomic: Exposure to emerging threats including generative AI and machine learning vulnerabilities. (AI summary of the Risk Factors section.)
What did TPL report in its latest 8-K?
Texas Pacific Land Corporation (TPL) filed an 8-K on September 25, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers) and Item 5.08 (Shareholder Director Nominations). Employment agreements for CEO Tyler Glover, CFO Chris Steddum, and General Counsel Micheal Dobbs extended through December 31, 2029.
What are the latest TPL SEC filings?
Texas Pacific Land Corporation (TPL) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 25, 2026 and a Form 4 insider filing on October 1, 2026.
What is TPL's SEC CIK number?
Texas Pacific Land Corporation (TPL)'s SEC Central Index Key (CIK) is 1811074. EDGAR lists every TPL filing under that number.
Ask anything about TPL
The research agent reads TPL's filings, financials, insider trades and 13F holders, then answers with sources.