Texas Pacific Land TPL Texas — Operating Lease ROU Assets
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Where this comes from
Reported directly by Texas Pacific Land in its filing.
Tagged under the XBRL concept us-gaap:OperatingLeaseRightOfUseAsset.
The source filing: Texas Pacific Land’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:18 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001811074-26-000058
As of June 30, 2026 and December 31, 2025, we had right-of-use assets of $13.1 million and $13.7 million, respectively, and lease liabilities of $18.0 million and $17.8 million, respectively, primarily related to operating leases in connection with our administrative offices located in Dallas and Midland, Texas. The leases for our Dallas and Midland offices expire in May 2036 and July 2027, respectively. The office lease agreements require monthly rent payments, and operating lease expense is recognized on a straight-line basis over the lease term. Operating lease costs were $0.6 million and $1.1 million for the three and six months ended June 30, 2026, respectively. Operating lease costs were $0.2 million and $0.4 million for the three and six months ended June 30, 2025, respectively.
Item 1. Financial Statements (unaudited)
FAQ
- What is Texas Pacific Land's texas — operating lease ROU assets?
- Texas Pacific Land (TPL) reported texas — operating lease ROU assets of $13.1M in Q2 2026.
- What does texas — operating lease ROU assets mean?
- This metric represents the capitalized value of the right to use leased assets within the Texas geographic segment over the lease term. It reflects the non-current asset recognized on the balance sheet for operating leases, serving as a proxy for the scale of leased infrastructure or property utilized in regional operations. Investors use this to assess the extent of the company's reliance on leased assets versus owned assets to support land and water management activities.
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