| TPL |
Report |
Royalty Production (BOE/d) |
IN-LINE |
pred ~38,200 vs. cons 38,530 |
MEDIUM |
| TPL |
Report |
Adjusted EBITDA ($M) |
BEAT |
pred ~$215M vs. cons $210.6M |
MEDIUM |
| TPL |
Report |
Water Sales Revenue ($M) |
MISS |
pred ~$49M vs. cons $51.6M |
MEDIUM |
| TPL |
Guide |
Permian Activity Tone (Q2 2026 call) |
BETTER |
guide 'meaningful uptick' vs. Q1 'marginal uptick' |
MEDIUM |
| TPL |
Guide |
Data Center Pipeline (Q2 2026 call) |
UNCHANGED |
guide no new deal vs. market hoping for 2nd deal |
MEDIUM |
| TPL |
Guide |
Desalination Phase 2b (Q2 2026 call) |
BETTER |
guide first flow confirmed vs. 'nearly complete' |
HIGH |
| TPL |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.5% |
— |
MEDIUM |
| TPL |
Return |
5-day cumulative residual |
-1.5% (FADE) |
FADE — EBITDA beat fades as water estimate cuts and no new data center deal remove the catalyst for multiple expansion; sell-side trims water segment |
MEDIUM |