Texas Pacific Land Corp (TPL)
Energy · Oil & Gas Exploration & Production · US stock · S&P 500 component
$350.92
▲ +4.40 (1.27%)
Fair valueOvervalued
$137 −61.0% to fair value
$68fair band $96–$178$205
Day's range
$345.99 – $351.86
52-week range
$268.08 – $544.86
About Texas Pacific Land Corp
Texas Pacific Land owns a large area of land in West Texas, much of it in the Permian Basin, a major oil and gas producing region of the United States. It does not drill wells itself. Instead, oil and gas operators pay it for the right to use its land and for water supplied for drilling, while other customers pay for easements and surface use. The company also holds royalty interests in oil and gas produced from its acreage.
Income comes from oil and gas royalties, water sales and services, and easement and surface payments. Revenue for the last twelve months was $898 million, having grown at 6.1% a year across the last three years. The operating margin is 74.9%, and the business earns a profit of 37% on the capital invested in it. Shareholders receive a dividend with a yield of 1.0%. On the site's X-Ray Score it receives 46 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $268.08 – $544.86Volume 282,700Daily, split-adjusted
Vitals
Market cap$24.2B
52-week range$268.08 – $544.86
Volume (last day)282,700
P/E (TTM)37.3
EBIT / EV yield2.8%
Free-cash-flow yield–
Dividend yield1.0%
Revenue (TTM)$898M
Net income (TTM)$541M
Operating margin74.9%
Return on capital36.9%
Debt incl. leasesData missing
Cash & securities$249M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$137model spread $137 – $137
Overvalued
−61.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (1.04x of the last twelve months)
Price $351
Undervalued < $96Fair $96 – $178Overvalued > $178
10-year DCF (market-scaled) · excluded
$549
Peer multiples
$144
Earnings power floor (not blended)
$110
Fundamentals-adjusted multiple
$130
Growth the price implies
18.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.
Valuation
Weak
8/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.8%
Fair value vs price0.4×
Growth
Fair
68/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)6.1%
EPS growth (3y)-28.7%
Growth consistency100%
Profitability
Fair
70/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital36.9%
Operating margin74.9%
Financial health
Fair
62/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score4 / 9
Interest coverNo interest cost
Dividends
Weak
10/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.0%
Dividend growth-15.8%
Quarterly results: last 6 quarters
+12.5%
Mar '25
+8.8%
Jun '25
+17.0%
Sep '25
+13.9%
Dec '25
+20.8%
Mar '26
+31.2%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $246M, diluted EPS $2.23.
Compare with peers
APA APA Corp69 EXE EXPAND ENERGY Corp68 EOG Eog Resources Inc66 COP Conocophillips59Other Oil & Gas Exploration & Production companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 0 Average · ● 5 BadCash quality
Earnings backed by cashBad
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 57/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $451M | $667M | $632M | $706M | $798M |
| Operating income | $362M | $562M | $486M | $539M | $592M |
| Net income | $270M | $446M | $406M | $454M | $481M |
| Operating cash flow | $265M | $447M | $418M | $491M | $546M |
| Operating margin | 80.4% | 84.3% | 77.0% | 76.4% | 74.2% |
| Free cash flow | $249M | $428M | – | – | – |
| Diluted EPS | $34.83 | $19.26 | $5.86 | $6.57 | $6.97 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
2 bullish · 4 neutral · 10 bearish
Weekly
Strongly bearish
1 bullish · 1 neutral · 10 bearish
Monthly
Neutral
3 bullish · 1 neutral · 4 bearish
Moving averages (daily)
| SMA 10 | 355.1 | Bearish |
| EMA 10 | 353.1 | Bearish |
| SMA 20 | 347.9 | Bullish |
| EMA 20 | 352.7 | Bearish |
| SMA 50 | 357.4 | Bearish |
| EMA 50 | 360.7 | Bearish |
| SMA 100 | 375.6 | Bearish |
| EMA 100 | 373.0 | Bearish |
| SMA 200 | 399.1 | Bearish |
| EMA 200 | 378.5 | Bearish |
Oscillators (daily)
| RSI (14) | 48.40 | Neutral |
| MACD (12, 26) | -1.08 | Bearish |
| Momentum (12) | 7.70 | Bullish |
| Stochastic %K (14) | 57.79 | Neutral |
| Williams %R (14) | -42.21 | Neutral |
| CCI (20) | 8.96 | Neutral |
Pivot points (classic, last session)
S3 341.4 | S2 343.7 | S1 347.3 | Pivot 349.6 | R1 353.2 | R2 355.5 | R3 359.1 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.40 USD
Yield on today's price
0.97%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 1 Sep 2026 | 0.6000 |
| 1 Jun 2026 | 0.6000 |
| 2 Mar 2026 | 0.6000 |
| 1 Dec 2025 | 1.6000 |
| 2 Sep 2025 | 1.6000 |
| 2 Jun 2025 | 1.6000 |
| 3 Mar 2025 | 1.6000 |
| 2 Dec 2024 | 1.6000 |
| 3 Sep 2024 | 1.1700 |
| 1 Jul 2024 | 10.0000 |
| 3 Jun 2024 | 1.1700 |
| 29 Feb 2024 | 3.5000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
TPL SEC filings
25 Sep 2026
8-KSEC EDGAR
Director or officer change
25 Sep 2026
DEF 14ASEC EDGAR
Proxy statement
5 Aug 2026
10-QSEC EDGAR
Quarterly report
5 Aug 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
23 Jun 2026
8-KSEC EDGAR
Regulation FD disclosure
18 May 2026
8-KSEC EDGAR
Regulation FD disclosure
6 May 2026
10-QSEC EDGAR
Quarterly report
6 May 2026
8-KSEC EDGAR
Entered a material agreement; Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.