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Texas Pacific reported Q2 2025 revenue of $187.5 million and net income of $116.1 million, driven by strong oil and gas royalties and surface-related income. Operating income was $143.8 million, adjusted EBITDA reached $166.2 million, and free cash flow was $130.1 million. Production averaged 33.2 thousand Boe per day, and a quarterly dividend of $1.60 per share was declared. :contentReference[oaicite:0]{index=0}
Oil and gas royalty production averaged 33.2 thousand Boe per day
Easements and other surface-related income (SLEM) revenue of $36.2 million
Produced water royalties revenue of $30.7 million
Quarterly cash dividend declared of $1.60 per share
No forward guidance was provided.