| TPL |
Report |
Q2 2026 revenue |
BEAT |
pred ~$262.0M vs. cons $252.5M |
MEDIUM |
| TPL |
Report |
Q2 2026 diluted EPS |
BEAT |
pred ~$2.33 vs. cons $2.25 |
MEDIUM |
| TPL |
Report |
Q2 2026 oil and gas royalty production |
BEAT |
pred ~37.6 Mboe/d vs. cons 37.0 Mboe/d |
MEDIUM |
| TPL |
Guide |
Oil and gas royalty production outlook |
BETTER |
guide ~37.5 Mboe/d vs. cons 37.2 Mboe/d (2H 2026) |
LOW |
| TPL |
Guide |
Water-sales volume outlook |
BETTER |
guide ~0.90 MMbbl/d vs. cons 0.87 MMbbl/d (2H 2026) |
LOW |
| TPL |
Guide |
Phase 2B desalination initial operating throughput |
LOWER |
guide ~5.0 Mbbl/d vs. cons 10.0 Mbbl/d (2H 2026) |
MEDIUM |
| TPL |
Return |
Day-1 residual (stock − beta × S&P 500) |
-2.7% |
— |
LOW |
| TPL |
Return |
5-day cumulative residual |
-4.0% (FOLLOW-THROUGH) |
A commodity-driven Q2 beat is likely offset by limited quantified Project Kilby economics, slower desalination ramp and lower out-period commodity math; Q3 revenue revisions could move to ~$246M vs. pre-print consensus of $250M, while Q3 EPS could move to ~$2.17 vs. $2.22. |
LOW |