Texas Pacific Land Corp Enters Material Agreement

TL;DR

TPL just signed a big deal, creating new financial obligations. Keep an eye on this.

AI Summary

Texas Pacific Land Corporation entered into a material definitive agreement on October 23, 2025. This agreement also creates a direct financial obligation or an obligation under an off-balance sheet arrangement for the company. The filing also includes Regulation FD Disclosure and Financial Statements and Exhibits.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for Texas Pacific Land Corp, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial risks and uncertainties for a company.

Key Players & Entities

• Texas Pacific Land Corporation (company) — Registrant
• October 23, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share TPL New York Stock Exchan
• $500.0 m — the aggregate principal amount of up to $500.0 million, and the ability to request poten
• $250.0 million — s of the lenders of up to an additional $250.0 million; provided that any such request for an
• $50,000,000 — increase must be in a minimum amount of $50,000,000 or, if less, the amount remaining avail

Filing Documents

• tm2529481d1_8k.htm (8-K) — 37KB
• tm2529481d1_ex10-1.htm (EX-10.1) — 916KB
• tm2529481d1_ex99-1.htm (EX-99.1) — 8KB
• tm2529481d1_ex99-1img01.jpg (GRAPHIC) — 5KB
• 0001104659-25-102617.txt ( ) — 1341KB
• tpl-20251023.xsd (EX-101.SCH) — 3KB
• tpl-20251023_lab.xml (EX-101.LAB) — 33KB
• tpl-20251023_pre.xml (EX-101.PRE) — 22KB
• tm2529481d1_8k_htm.xml (XML) — 4KB

01 Entry

Item 1.01 Entry into a Material Definitive Agreement. On October 23, 2025 (the "Effective Date"), Texas Pacific Land Corporation (the "Company") entered into a credit agreement (the "Credit Agreement") among the Company, as the borrower, Wells Fargo Bank, National Association, as administrative agent and an L/C issuer, and the other lenders from time to time party thereto (collectively with Wells Fargo Bank, National Association in its capacity as a lender, the "Lenders"). The Credit Agreement provides for a revolving credit facility (the "Revolving Credit Facility") in the aggregate principal amount of up to $500.0 million, and the ability to request potential increases in the commitments of the lenders of up to an additional $250.0 million; provided that any such request for an increase must be in a minimum amount of $50,000,000 or, if less, the amount remaining available for all such increases. The Credit Agreement and all borrowings thereunder will mature on October 23, 2029 (the "Maturity Date"). The borrowings under the Credit Agreement will bear interest at a rate per annum (i) for each SOFR loan, equal to term SOFR for such interest period plus (x) 2.25% if the Company's consolidated total leverage ratio is less than or equal to 2.0 to 1.0 or (y) 2.50% if the Company's consolidated total leverage ratio is greater than 2.0 to 1.0 or (ii) for each base rate loan, equal to the base rate plus (x) 1.25% if the Company's consolidated total leverage ratio is less than or equal to 2.0 to 1.0 or (y) 1.50% if the Company's consolidated total leverage ratio is greater than 2.0 to 1.0. The base rate for any day is a fluctuating rate per annum equal to the highest of (a) the federal funds rate plus 1/2 of 1%, (b) the rate of interest per annum publicly announced by the Administrative Agent as its prime rate, and (c) term SOFR for a one-month tenor in effect on such day plus 1.00%. The Company is also required to pay customary letter of credit fees. The Revolving Cre

03 Creation of a Direct Financial Obligation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in

01 with respect to the Credit Agreement is incorporated herein by reference

Item 1.01 with respect to the Credit Agreement is incorporated herein by reference.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On October 27, 2025, the Company issued a press release announcing the entry into the Credit Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The information included in this Item 7.01 of this Current Report on Form 8-K, including the attached Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Credit Agreement, dated October 23, 2025, by and among Texas Pacific Land Corporation, Wells Fargo Bank, National Association, as the administrative agent and an L/C issuer, and the other lenders from time to time party thereto. 99.1 Press release dated October 27, 2025 (furnished pursuant to Item 7.01). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish to the Securities and Exchange Commission a copy of any omitted schedule or exhibit upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Texas Pacific Land Corporation Date: October 27, 2025 By: /s/ Micheal W. Dobbs Name: Micheal W. Dobbs Title: SVP, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR