Texas Pacific Land Corporation Investor Presentation December 2021

Texas Pacific Land Corporation ("TPL") is a diversified energy and land company with substantial exposure to the Permian Basin through royalties, water services, and surface land leasing. The company maintains a strong balance sheet with $373 million in cash, no debt, and 21 years of inventory below $40/bbl breakeven. TPL has demonstrated a 17-year history of increasing dividends and achieved approximately 190% production growth since 2018.