What is Texas Pacific Land's acquisitions?

Texas Pacific Land (TPL) reported acquisitions of $1.04M in Q1 2026.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Texas Pacific Land TPL Acquisitions

Acquisitions at other companies

Select Water SolutionsWTTR

$210K-98.5%

Alliance Resource PartnersARLP

$14.53M—

WBI

WaterBridge Infrastructure LLCWBI

$0-100%

Antero Midstream CorporationAM

——

Other financials

Income statement

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Revenue$236.8M+20.8%

Operating income$182.3M+21.5%

Net income$142.9M+18.4%

EPS (diluted)$2.07+18.3%

Balance sheet

See full

Cash & equivalents$248.2M-46.5%

Total debt$18.0M—

Total equity$1.6B+29.0%

Total assets$1.8B+29.4%

Cash flow

See full

Operating cash flow$162.0M+3.4%

CapEx$426.0K—

Free cash flow$90.2M—

Valuation

See full

Market cap$27.36B+21.9%

Enterprise value$27.13B—

P/E54.3×+5.7×

P/S32.6×+2.4×

Profitability

See full

Operating margin74.4%-1.6pp

Net margin60%-3.2pp

FCF margin58.6%—

Returns & leverage

See full

Return on equity36.5%-3.1pp

Debt / equity0×—

Current ratio4.2×-3.6×

Where this comes from

Reported directly by Texas Pacific Land in its filing.

Tagged under the XBRL concept us-gaap:OtherPaymentsToAcquireBusinesses.

The official record: Texas Pacific Land’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Texas Pacific Land's acquisitions?: Texas Pacific Land (TPL) reported acquisitions of $1.04M in Q1 2026.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.