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August 5 , 2021 TEXAS PALTHC LAND CORP Texas Pacific Land Corporation Announces Texas Pacific Land Corporation Second Quarter Results Earnings Call to be held 8:30 am ET on Friday , August 6 , 2021 DALLAS -- ( BUSINESS WIRE ) -- Texas Pacific Land Corporation ( NYSE : TPL ) ( the " Company " or " TPL " ) today announced its financial and operating results for the second quarter of 2021 . " We achieved strong operating results across our core business lines , driven by improved commodity prices and steady development activity throughout the Permian Basin , " said Tyler Glover , President and Chief Executive Officer of the Company . " Having maintained a strong balance sheet during the uncertainty of the last eighteen months , we are now well positioned to capitalize on today's commodity prices and the highly productive Permian Basin acreage that underpins our royalties . Our high - margin business profile , low capital spending needs , and pristine balance sheet provide us flexibility to choose between multiple capital allocation and investment strategies to provide superior shareholder value creation . " Second Quarter 2021 Highlights Net income of $ 57.0 million , or $ 7.36 per Common Share • Revenues of $ 95.9 million • EBITDA of $ 75.5 million and adjusted EBITDA of $ 80.3 million ( 1 ) • Cash flows from operating activities of $ 44.1 million • Quarterly cash dividend of $ 2.75 per Common Share paid on June 15 , 2021 Year - to - Date 2021 Highlights Net income of $ 107.1 million , or $ 13.81 per Common Share • Revenues of $ 180.1 million • EBITDA of $ 141.4 million and adjusted EBITDA of $ 150.1 million ( 1 ) • Cash flows from operating activities of $ 96.5 million • Total cash dividends of $ 5.50 per Common Share paid through June 30 , 2021 • Completed corporate reorganization from a business trust to a Delaware corporation effective January 11 , 2021 ( the " Corporate Reorganization " ) .