TPL
Texas Pacific Land Corporation
Price Chart
Latest Quote
$354.48
| Previous Close | $356.35 |
| Open | $357.01 |
| Day High | $361.99 |
| Day Low | $352.00 |
| Volume | 335,330 |
Stock Information
| Quarterly Dividend / Yield | $2.40 / 0.67% |
| Shares Outstanding | 68.97M |
| Quarterly Dividend Yield | 0.67% |
| Quarterly Dividend | $2.40 |
| Total Debt | $17.99M |
| Cash Equivalents | $247.57M |
| Revenue | $839.03M |
| Net Income | $503.63M |
| Sector | Energy |
| Industry | Oil & Gas E&P |
| Market Cap | $24.45B |
| P/E Ratio | 48.49 |
| EPS (TTM) | $7.31 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $24.35B |
| Sales | $839.03M |
| Income | $503.63M |
| Book/sh | $22.56 |
| Cash/sh | $3.59 |
| Employees | 114 |
Financial Ratios
| Quick Ratio | 4.16 |
| Current Ratio | 4.23 |
| Debt/Eq | 1.16 |
| EPS Growth TTM | 18.40% |
Returns & Margins
| ROA | 25.19% |
| ROE | 36.47% |
| Gross Margin | 93.24% |
| Operating Margin | 77.22% |
| Profit Margin | 60.02% |
Ownership
| Insider Ownership | 0.17% |
| Institutional Ownership | 74.79% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 4.85 |
| PEG | 7.33 |
| P/S | 29.14 |
| P/B | 15.71 |
Analyst Data
| Recommendation | hold |
| Target Price | $445.00 |
Technical Indicators
| SMA20 | $385.78 |
| SMA50 | $404.47 |
| SMA200 | $370.23 |
| RSI | 35.06 |
| ATR | 18.2368 |
| Shares Float | 58.56M |
| Short Float | 9.50% |
| Short Ratio | 10.47 |
| Volatility | 0.61 |
| Rel Volume | 0.76 |
Performance History
| Week | -5.52% |
| Month | -8.17% |
| Quarter | -33.02% |
| 6 Months | +26.99% |
| YTD | +19.28% |
| Year | -2.10% |
| 3 Years | +144.33% |
| 5 Years | +127.06% |
| 10 Years | +2018.62% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-17 | $354.48 | 335,300 |
| 2026-06-16 | $356.35 | 360,500 |
| 2026-06-15 | $362.78 | 440,600 |
| 2026-06-12 | $378.91 | 341,500 |
| 2026-06-11 | $369.55 | 499,100 |
| 2026-06-10 | $375.18 | 376,100 |
| 2026-06-09 | $382.11 | 368,600 |
| 2026-06-08 | $396.14 | 270,000 |
| 2026-06-05 | $389.79 | 291,100 |
| 2026-06-04 | $406.73 | 421,900 |
| 2026-06-03 | $406.76 | 485,500 |
| 2026-06-02 | $370.82 | 456,400 |
| 2026-06-01 | $368.23 | 519,300 |
| 2026-05-29 | $392.40 | 1,342,900 |
| 2026-05-28 | $400.71 | 365,500 |
| 2026-05-27 | $405.47 | 438,300 |
| 2026-05-26 | $399.48 | 368,600 |
| 2026-05-22 | $401.42 | 288,300 |
| 2026-05-21 | $396.37 | 315,400 |
| 2026-05-20 | $401.92 | 557,300 |
| 2026-05-19 | $393.97 | 313,800 |
| 2026-05-18 | $386.02 | 239,900 |
About Texas Pacific Land Corporation
Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The Land and Resource Management segment manages surface acres of land, and oil and gas royalty interest in Permian Basin. This segment also engages in easements, such as transporting oil, gas and related hydrocarbons, power line and utility, and subsurface wellbore easements. In addition, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche, sand, and other material, as well as sells land. The Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water treatment, infrastructure development, and disposal solutions to operators in the Permian Basin. This segment also holds produced water royalties. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 33,000 additional net royalty acres, total of approximately 224,000 NRA located in the Permian Basin. The company was founded in 1888 and is headquartered in Dallas, Texas.
đ° Latest News
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StockStory âĸ 2026-05-19T21:48:55ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $116,061,000 | $71,286,000 | $48,323,000 | $32,839,000 |
| Cost Of Revenue | $116,061,000 | $71,286,000 | $48,323,000 | $32,839,000 |
| Total Revenue | $798,190,000 | $705,823,000 | $631,595,000 | $667,422,000 |
| Operating Revenue | $798,190,000 | $705,823,000 | $631,595,000 | $667,422,000 |
| Expenses | ||||
| Interest Expense | $690,000 | - | - | - |
| Total Expenses | $206,029,000 | $166,685,000 | $145,542,000 | $105,115,000 |
| Other Income Expense | $888,000 | $7,543,000 | $2,878,000 | $341,000 |
| Other Non Operating Income Expenses | $888,000 | $7,543,000 | $2,878,000 | $341,000 |
| Net Non Operating Interest Income Expense | $17,280,000 | $32,140,000 | $28,630,000 | $6,207,000 |
| Interest Expense Non Operating | $690,000 | - | - | - |
| Operating Expense | $89,968,000 | $95,399,000 | $97,219,000 | $72,276,000 |
| General And Administrative Expense | $81,705,000 | $88,104,000 | $89,834,000 | $63,422,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $481,376,000 | $453,960,000 | $405,645,000 | $446,362,000 |
| Net Interest Income | $17,280,000 | $32,140,000 | $28,630,000 | $6,207,000 |
| Interest Income | $17,970,000 | $32,140,000 | $28,630,000 | $6,207,000 |
| Normalized Income | $481,376,000 | $453,960,000 | $405,645,000 | $446,362,000 |
| Net Income From Continuing And Discontinued Operation | $481,376,000 | $453,960,000 | $405,645,000 | $446,362,000 |
| Total Operating Income As Reported | $592,161,000 | $539,138,000 | $486,053,000 | $562,307,000 |
| Net Income Common Stockholders | $481,376,000 | $453,960,000 | $405,645,000 | $446,362,000 |
| Net Income | $481,376,000 | $453,960,000 | $405,645,000 | $446,362,000 |
| Net Income Including Noncontrolling Interests | $481,376,000 | $453,960,000 | $405,645,000 | $446,362,000 |
| Net Income Continuous Operations | $481,376,000 | $453,960,000 | $405,645,000 | $446,362,000 |
| Pretax Income | $610,329,000 | $578,821,000 | $517,561,000 | $568,855,000 |
| Interest Income Non Operating | $17,970,000 | $32,140,000 | $28,630,000 | $6,207,000 |
| Operating Income | $592,161,000 | $539,138,000 | $486,053,000 | $562,307,000 |
| Gross Profit | $682,129,000 | $634,537,000 | $583,272,000 | $634,583,000 |
| Per Share | ||||
| Diluted EPS | $6.97 | $6.57 | $5.86 | $6.42 |
| Basic EPS | $6.98 | $6.58 | $5.87 | $6.42 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $673,552,000 | $564,300,000 | $500,810,000 | $577,683,000 |
| Reconciled Depreciation | $62,533,000 | $25,162,000 | $14,757,000 | $15,376,000 |
| EBITDA (Bullshit earnings) | $673,552,000 | $564,300,000 | $500,810,000 | $577,683,000 |
| EBIT | $611,019,000 | $539,138,000 | $486,053,000 | $562,307,000 |
| Diluted Average Shares | $69,027,492 | $69,059,253 | $69,179,535 | $69,541,281 |
| Basic Average Shares | $68,949,240 | $68,958,591 | $69,132,915 | $69,497,613 |
| Diluted NI Availto Com Stockholders | $481,376,000 | $453,960,000 | $405,645,000 | $446,362,000 |
| Tax Provision | $128,953,000 | $124,861,000 | $111,916,000 | $122,493,000 |
| Other Taxes | $8,263,000 | $7,295,000 | $7,385,000 | $8,854,000 |
| Selling General And Administration | $81,705,000 | $88,104,000 | $89,834,000 | $63,422,000 |
| Other Gand A | $23,780,000 | $34,483,000 | $46,450,000 | $22,020,000 |
| Salaries And Wages | $57,925,000 | $53,621,000 | $43,384,000 | $41,402,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $1,426,061,000 | $1,097,277,000 | $1,022,171,000 | $772,887,000 |
| Total Assets | $1,623,278,000 | $1,248,020,000 | $1,156,398,000 | $877,427,000 |
| Total Non Current Assets | $1,303,958,000 | $744,651,000 | $293,934,000 | $244,026,000 |
| Other Non Current Assets | $23,738,000 | $10,143,000 | $4,828,000 | $1,294,000 |
| Goodwill And Other Intangible Assets | $32,846,000 | $35,188,000 | $21,025,000 | $0 |
| Other Intangible Assets | $32,846,000 | $35,188,000 | $21,025,000 | - |
| Current Assets | $319,320,000 | $503,369,000 | $862,464,000 | $633,401,000 |
| Other Current Assets | $5,295,000 | $5,318,000 | $2,944,000 | $7,427,000 |
| Restricted Cash | $595,000 | $1,546,000 | $5,380,000 | $6,348,000 |
| Prepaid Assets | $3,716,000 | $0 | $0 | $4,809,000 |
| Receivables | $164,905,000 | $126,670,000 | $128,971,000 | $103,983,000 |
| Accounts Receivable | $164,905,000 | $126,670,000 | $128,971,000 | $103,983,000 |
| Cash Cash Equivalents And Short Term Investments | $144,809,000 | $369,835,000 | $725,169,000 | $510,834,000 |
| Cash And Cash Equivalents | $144,809,000 | $369,835,000 | $725,169,000 | $510,834,000 |
| Inventory | - | - | - | $109,704,000 |
| Debt | ||||
| Total Debt | $16,175,000 | $453,000 | $1,170,000 | $1,955,000 |
| Long Term Debt And Capital Lease Obligation | $16,175,000 | $453,000 | $1,170,000 | $1,955,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $164,371,000 | $115,555,000 | $113,202,000 | $104,540,000 |
| Total Non Current Liabilities Net Minority Interest | $90,802,000 | $55,155,000 | $50,139,000 | $47,725,000 |
| Non Current Deferred Liabilities | $74,214,000 | $54,198,000 | $48,695,000 | $45,639,000 |
| Non Current Deferred Taxes Liabilities | $54,107,000 | $47,401,000 | $42,365,000 | $41,151,000 |
| Current Liabilities | $73,569,000 | $60,400,000 | $63,063,000 | $56,815,000 |
| Current Deferred Liabilities | $21,072,000 | $20,636,000 | $25,006,000 | $21,708,000 |
| Payables And Accrued Expenses | $52,497,000 | $39,764,000 | $38,057,000 | $35,107,000 |
| Payables | $52,497,000 | $39,764,000 | $38,057,000 | $35,107,000 |
| Total Tax Payable | $12,919,000 | $12,806,000 | $15,556,000 | $11,664,000 |
| Income Tax Payable | $4,007,000 | $4,388,000 | $4,795,000 | $3,167,000 |
| Accounts Payable | $39,578,000 | $26,958,000 | $22,501,000 | $23,443,000 |
| Equity | ||||
| Common Stock Equity | $1,458,907,000 | $1,132,465,000 | $1,043,196,000 | $772,887,000 |
| Total Equity Gross Minority Interest | $1,458,907,000 | $1,132,465,000 | $1,043,196,000 | $772,887,000 |
| Stockholders Equity | $1,458,907,000 | $1,132,465,000 | $1,043,196,000 | $772,887,000 |
| Gains Losses Not Affecting Retained Earnings | $4,150,000 | $3,583,000 | $1,831,000 | $2,516,000 |
| Other Equity Adjustments | $4,150,000 | $3,583,000 | $1,831,000 | $2,516,000 |
| Retained Earnings | $1,595,402,000 | $1,277,594,000 | $1,171,672,000 | $866,139,000 |
| Long Term Equity Investment | $50,000,000 | $0 | - | - |
| Other | ||||
| Treasury Shares Number | $319,998 | $342,819 | $782,361 | $544,293 |
| Ordinary Shares Number | $68,938,230 | $68,915,409 | $69,023,043 | $69,261,111 |
| Share Issued | $69,258,228 | $69,258,228 | $69,805,404 | $69,805,404 |
| Tangible Book Value | $1,426,061,000 | $1,097,277,000 | $1,022,171,000 | $772,887,000 |
| Invested Capital | $1,458,907,000 | $1,132,465,000 | $1,043,196,000 | $772,887,000 |
| Working Capital | $245,751,000 | $442,969,000 | $799,401,000 | $576,586,000 |
| Capital Lease Obligations | $16,175,000 | $453,000 | $1,170,000 | $1,955,000 |
| Total Capitalization | $1,458,907,000 | $1,132,465,000 | $1,043,196,000 | $772,887,000 |
| Treasury Stock | $151,242,000 | $168,843,000 | $144,998,000 | $104,139,000 |
| Additional Paid In Capital | $9,906,000 | $19,900,000 | $14,613,000 | $8,293,000 |
| Capital Stock | $691,000 | $231,000 | $78,000 | $78,000 |
| Common Stock | $691,000 | $231,000 | $78,000 | $78,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Non Current Accrued Expenses | $413,000 | $504,000 | $274,000 | $131,000 |
| Non Current Deferred Revenue | $20,107,000 | $6,797,000 | $6,330,000 | $4,488,000 |
| Long Term Capital Lease Obligation | $16,175,000 | $453,000 | $1,170,000 | $1,955,000 |
| Current Deferred Revenue | $21,072,000 | $20,636,000 | $25,006,000 | $21,708,000 |
| Investments And Advances | $50,000,000 | $0 | - | - |
| Investment Properties | $179,129,000 | $143,178,000 | $130,024,000 | $109,704,000 |
| Net PPE | $1,018,245,000 | $556,142,000 | $138,057,000 | $133,028,000 |
| Accumulated Depreciation | $-124,217,000 | $-70,477,000 | $-62,037,000 | $-52,907,000 |
| Gross PPE | $1,142,462,000 | $626,619,000 | $200,094,000 | $185,935,000 |
| Other Properties | $232,938,000 | $169,616,000 | $138,799,000 | $128,289,000 |
| Machinery Furniture Equipment | $12,087,000 | $9,932,000 | $9,801,000 | $9,718,000 |
| Properties | $897,437,000 | $447,071,000 | $51,494,000 | $47,928,000 |
| Finished Goods | - | - | - | $109,704,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $32,135,000 | $65,399,000 | $378,291,000 | $426,275,000 |
| Operating Activities | ||||
| Operating Cash Flow | $545,910,000 | $490,672,000 | $418,288,000 | $447,149,000 |
| Cash Flow From Continuing Operating Activities | $545,910,000 | $490,672,000 | $418,288,000 | $447,149,000 |
| Operating Gains Losses | - | $-4,616,000 | - | - |
| Investing Activities | ||||
| Capital Expenditure | $-513,775,000 | $-425,273,000 | $-39,997,000 | $-20,874,000 |
| Investing Cash Flow | $-595,848,000 | $-471,749,000 | $-60,312,000 | $-21,401,000 |
| Cash Flow From Continuing Investing Activities | $-595,848,000 | $-471,749,000 | $-60,312,000 | $-21,401,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-8,380,000 | $-29,159,000 | $-42,573,000 | $-87,765,000 |
| Financing Cash Flow | $-176,039,000 | $-378,091,000 | $-144,609,000 | $-336,808,000 |
| Cash Flow From Continuing Financing Activities | $-176,039,000 | $-378,091,000 | $-144,609,000 | $-336,808,000 |
| Net Other Financing Charges | $-19,861,000 | $-1,623,000 | $-2,064,000 | $-1,762,000 |
| Cash Dividends Paid | $-147,798,000 | $-347,309,000 | $-99,972,000 | $-247,281,000 |
| Common Stock Dividend Paid | $-147,798,000 | $-347,309,000 | $-99,972,000 | $-247,281,000 |
| Net Common Stock Issuance | $-8,380,000 | $-29,159,000 | $-42,573,000 | $-87,765,000 |
| Other | ||||
| Income Tax Paid Supplemental Data | $126,955,000 | $120,669,000 | $104,079,000 | $151,956,000 |
| End Cash Position | $145,404,000 | $371,381,000 | $730,549,000 | $517,182,000 |
| Beginning Cash Position | $371,381,000 | $730,549,000 | $517,182,000 | $428,242,000 |
| Changes In Cash | $-225,977,000 | $-359,168,000 | $213,367,000 | $88,940,000 |
| Common Stock Payments | $-8,380,000 | $-29,159,000 | $-42,573,000 | $-87,765,000 |
| Net Investment Properties Purchase And Sale | $-35,951,000 | $-1,476,000 | $-20,320,000 | $-633,000 |
| Purchase Of Investment Properties | $-35,951,000 | $-1,476,000 | $-20,320,000 | $-633,000 |
| Net Business Purchase And Sale | $-46,122,000 | $-45,000,000 | $0 | $0 |
| Sale Of Business | $3,878,000 | $0 | $0 | - |
| Purchase Of Business | $-50,000,000 | $-45,000,000 | $0 | $0 |
| Net Intangibles Purchase And Sale | $0 | $0 | $-21,403,000 | $0 |
| Purchase Of Intangibles | $0 | $0 | $-21,403,000 | $0 |
| Net PPE Purchase And Sale | $-513,775,000 | $-425,273,000 | $-18,589,000 | $-20,768,000 |
| Sale Of PPE | $0 | $0 | $5,000 | $106,000 |
| Purchase Of PPE | $-513,775,000 | $-425,273,000 | $-18,594,000 | $-20,874,000 |
| Change In Working Capital | $-19,896,000 | $-936,000 | $-13,856,000 | $-24,284,000 |
| Change In Other Working Capital | $13,746,000 | $-3,903,000 | $5,140,000 | $1,938,000 |
| Change In Other Current Liabilities | $22,894,000 | $6,327,000 | $-3,240,000 | $10,015,000 |
| Change In Payables And Accrued Expense | $113,000 | $-2,750,000 | $3,892,000 | $-17,595,000 |
| Change In Payable | $113,000 | $-2,750,000 | $3,892,000 | $-17,595,000 |
| Change In Tax Payable | $113,000 | $-2,750,000 | $3,892,000 | $-17,595,000 |
| Change In Income Tax Payable | $113,000 | $-2,750,000 | $3,892,000 | $-17,595,000 |
| Change In Prepaid Assets | $-3,716,000 | $0 | $4,809,000 | $-4,809,000 |
| Change In Receivables | $-52,933,000 | $-610,000 | $-24,457,000 | $-13,833,000 |
| Other Non Cash Items | $211,000 | - | - | - |
| Stock Based Compensation | $15,131,000 | $12,498,000 | $10,343,000 | $8,432,000 |
| Deferred Tax | $6,555,000 | $4,604,000 | $1,399,000 | $1,263,000 |
| Deferred Income Tax | $6,555,000 | $4,604,000 | $1,399,000 | $1,263,000 |
| Depreciation Amortization Depletion | $62,533,000 | $25,162,000 | $14,757,000 | $15,376,000 |
| Pension And Employee Benefit Expense | $0 | $-4,616,000 | $0 | $0 |
| Net Income From Continuing Operations | $481,376,000 | $453,960,000 | $405,645,000 | $446,362,000 |
| Changes In Account Receivables | - | - | - | $-13,833,000 |