Texas Pacific Land (TPL) risk factors

Item 1A of every Texas Pacific Land Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
21 risks3 new1 dropped4 reworded
Produced water desalination now adds capital, permitting, technical, environmental and reputation risks through Transmissive.
Filed Feb 18, 2026
FY2024 10-K risk factors
19 risks
Oil and gas royalty revenue is exposed to commodity prices, production decisions, reserve estimates, and decarbonization trends.
Filed Feb 19, 2025