Texas Pacific Land Corporation (TPL)
NYSE:TPL
Want to see TPL full AI Analyst Report?
TPL Stock Chart & Stats
$862.91
-$7.26(-0.58%)
At close: 4:00 PM EST
$862.91
-$7.26(-0.58%)
Day’s Range― - ―
52-Week Range$269.23 - $547.20
Previous CloseN/A
Volume35.88K
Average Volume (3M)410.65K
Market Cap
$25.49B
Enterprise Value$26.88B
Total Cash (Recent Filing)$247.57M
Total Debt (Recent Filing)$15.84M
Price to Earnings (P/E)51.9
Beta0.97
Next Earnings
Aug 05, 2026EPS Estimate
2.28Next Dividend Ex-DateN/A
Dividend Yield0.72%
Share Statistics
EPS (TTM)7.30
Shares Outstanding68,974,430
10 Day Avg. Volume489,793
30 Day Avg. Volume410,647
Financial Highlights & Ratios
PEG Ratio6.83
Price to Book (P/B)13.57
Price to Sales (P/S)24.81
P/FCF Ratio40.72
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue32.03
Enterprise Value/Gross Profit32.79
Enterprise Value/Ebitda38.54
Forecast
1Y Price Target
$639.00Price Target Upside-25.95% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)9.1
Revenue Forecast (FY)$1.03B
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthExtremely low leverage and a strong equity base provide durable financial flexibility and downside protection. This balance-sheet strength supports opportunistic capital allocation, funds multi-year projects without stressing liquidity, and reduces refinancing risk through commodity cycles.
High Profitability & Cash ConversionExceptionally high margins and FCF that closely tracks earnings indicate durable royalty economics and limited earnings quality distortion. Strong cash conversion supports dividends, reinvestment in water/infrastructure, and capacity to fund strategic initiatives even if revenues swing seasonally.
Monetizing Surface & Water AssetsActive commercialization of surface estate and water (land sales, water deals, produced-water royalties) diversifies revenue beyond royalties. Progress on desal and data-center/power commercial deals creates structural optionality to capture long-term infrastructure and energy-transition demand.
Bears Say
Commodity Exposure & Unhedged PositionBeing fully unhedged means revenue and FCF move directly with oil and gas realizations and operator activity. That concentration into commodity cycles amplifies quarter-to-quarter volatility and complicates multi-month planning for capex, dividends, and scaling new businesses.
Desal Scaling And Funding UncertaintyCommercializing produced-water desal at scale is capital intensive and unproven for TPL's model. The need for meaningful capex and partner arrangements creates execution and funding risk; failure or delays would limit water-division upside and tie up capital over multiple quarters.
Operator Dependence & Segment LumpinessTPL's revenue relies on third-party drilling and project timing, producing uneven SLEM and water receipts. That structural dependence on operator capex leads to recurring quarter-to-quarter variability, reducing predictability of recurring cash flow over the medium term.
Texas Pacific Land News
TPL FAQ
What was Texas Pacific Land Corporation’s price range in the past 12 months?
Texas Pacific Land Corporation lowest stock price was $269.23 and its highest was $547.20 in the past 12 months.
What is Texas Pacific Land Corporation’s market cap?
Texas Pacific Land Corporation’s market cap is $25.49B.
When is Texas Pacific Land Corporation’s upcoming earnings report date?
Texas Pacific Land Corporation’s upcoming earnings report date is Aug 05, 2026 which is in 52 days.
How were Texas Pacific Land Corporation’s earnings last quarter?
Texas Pacific Land Corporation released its earnings results on May 06, 2026. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.05.
Is Texas Pacific Land Corporation overvalued?
According to Wall Street analysts Texas Pacific Land Corporation’s price is currently Overvalued.
Does Texas Pacific Land Corporation pay dividends?
Texas Pacific Land Corporation pays a Quarterly dividend of $0.6 which represents an annual dividend yield of 0.72%. See more information on Texas Pacific Land Corporation dividends here
What is Texas Pacific Land Corporation’s EPS estimate?
Texas Pacific Land Corporation’s EPS estimate is 2.28.
How many shares outstanding does Texas Pacific Land Corporation have?
Texas Pacific Land Corporation has 68,974,430 shares outstanding.
What happened to Texas Pacific Land Corporation’s price movement after its last earnings report?
Texas Pacific Land Corporation reported an EPS of $2.07 in its last earnings report, beating expectations of $2.02. Following the earnings report the stock price went down -4.924%.
Which hedge fund is a major shareholder of Texas Pacific Land Corporation?
Currently, no hedge funds are holding shares in TPL
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Texas Pacific Land Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$639.00 (-25.95% Downside)
$639.00 (-25.95% Downside)
Blogger Sentiment
Bullish
TPL Sentiment 70%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 2.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $29.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.5%
Last 30 Days ▼ 1.1%
Last 30 Days ▼ 1.1%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
4.22%
12-Months-Change
Fundamentals
Return on Equity
35.52%
Trailing 12-Months
Asset Growth
29.42%
Trailing 12-Months
Company Description
Texas Pacific Land Corporation
Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services. Its Land and Resource Management division oversees a vast land portfolio, spanning nearly 880,000 acres. This segment also holds significant oil and gas royalty interests. These include perpetual non-participating royalty interests (NPRIs) covering approximately 85,000 acres (at a 1/128th rate) and about 371,000 acres (at a 1/16th rate). Furthermore, it possesses around 4,000 additional net royalty acres, primarily located in West Texas. The segment grants various easements and commercial leases for purposes such as oil, gas, and hydrocarbon infrastructure, power and utility lines, and subsurface wellbores. It also leases its land for facilities like processing, storage, and compression plants, as well as roads, and sells materials such as caliche. The Water Services and Operations division provides comprehensive water solutions to energy operators throughout the Permian Basin. Its services encompass water sourcing, the gathering and treatment of produced water, infrastructure development, disposal solutions, water tracking, analytics, and well testing. This segment also generates royalty income from water extracted from its own lands. Founded in 1888, Texas Pacific Land Corporation maintains its headquarters in Dallas, Texas.
TPL Company Deck
TPL Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized several clear positives: record revenue, record free cash flow, strong YoY production growth (~19%), an increasing well inventory (LOS +6% sequential, +11% normalized), strategic progress on NextGen (a $43M land sale and water agreements), and near-term progress on a 10,000 bpd desal test facility. Offsetting items include muted operator activity despite higher oil prices, quarter-to-quarter lumpiness in SLEM and Water segments (accrual noise and project timing), uncertainty around commercializing desal at scale (capital intensity and partner needs), and inherent earnings sensitivity from an unhedged commodity position. On balance, the highlights materially outweigh the lowlights.View all TPL earnings summariesTPL Revenue Breakdown
68.41% Land and resource management
31.59% Water services and operations
TPL Stock 12 Month Forecast
Average Price Target
$639.00
▼(-25.95% Downside)
Technical Analysis
Ownership Overview
7.55% Insiders
15.76% Mutual Funds
28.06% Other Institutional Investors
24.15% Public Companies and Individual Investors