TPL posts record Q1 revenue of $236.8M, closes $42.5M data center land deal, appoints Horizon Kinetics co-CEO to board

Filed May 6, 2026 · Period ending May 5, 2026 · ~2 min read

Key Changes

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  Q1 2026 net income reached $142.9M ($2.07/share diluted) on record revenue of $236.8M, driven by oil/gas royalties of $118.2M and a $20.9M land sale. Royalty production averaged 37.1k Boe/day at $37.06/Boe realized price.

  Item 2.02 verify on EDGAR →
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  TPL closed a $42.5M land sale to a power plant developer supporting data center operations, recognizing $20.9M immediately and recording a receivable for the balance. A separate water supply agreement was secured for the gas-powered facility, with an option to supply the data center itself.

  Item 2.02 verify on EDGAR →
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  Peter Doyle, co-CEO of Horizon Kinetics (TPL's largest shareholder), was appointed to the Board and strategic acquisitions committee effective May 5, 2026. He will stand for re-election at the 2026 annual meeting. The appointment follows the sudden passing of Murray Stahl.

  Item 5.02 verify on EDGAR →