Texas Pacific Land Corporation has announced a series of significant strategic and financial developments for the third quarter of 2025, headlined by a substantial share split and major acquisitions, reinforcing its growth trajectory within the Permian Basin.
Board Approves Three-for-One Stock Split
In a move aimed at enhancing share accessibility and market liquidity, the company’s board of directors approved a three-for-one stock split on November 3, 2025. Such corporate actions have historically attracted increased investor attention by making individual shares more affordable to a wider range of market participants.
Major Acquisition Strengthens Midland Basin Position
Demonstrating a bold expansion strategy, Texas Pacific Land Corporation completed a significant all-cash acquisition on November 3, 2025. The transaction, valued at $474.1 million, added approximately 17,306 net royalty acres in the highly productive Midland Basin. A notable feature of this acquisition is that roughly 70% of the newly acquired acreage is adjacent to the company’s existing drilling locations. Furthermore, an impressive 61% of this land is operated by industry leaders such as Exxon Mobil, indicating substantial potential for future development.
Financial Performance Driven by Water Services
The company posted a net income of $121.2 million for the third quarter of 2025, showing a solid increase from the $116.1 million reported in the previous quarter. Total revenues climbed to $203.1 million, largely propelled by record-setting performance in the water services segment, which is increasingly becoming a critical component of the company’s strategic operations in the region.
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Key operational metrics for the quarter included:
* Water sales revenue of $44.6 million
* Water royalties totaling $32.3 million
* An average oil and gas production of 36,300 barrels per day
The standout performance of the water segment underscores the growing strategic importance of water infrastructure management within the Permian Basin’s energy ecosystem.
$500 Million Credit Facility Bolsters Financial Flexibility
Adding to its financial strength, Texas Pacific Land secured a new $500 million revolving credit facility on October 23, 2025, with a maturity date extending to 2029. Notably, as of November 5, 2025, this credit line remained entirely undrawn, highlighting the company’s robust financial health and strategic capacity to pursue future opportunities without immediate external funding.
The combination of record financial results, a strategic stock split, and targeted, high-value investments positions Texas Pacific Land Corporation for continued leadership and growth in the Texas energy and land management sector.
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