Texas Pacific Land Corporation (TPL)
Energy · Oil & gas royalties and land-based energy services
A major Texas landowner earning diversified revenue from oil & gas royalties, water services, easements, and land sales across the Permian Basin.
What Texas Pacific Land Corporation does
Texas Pacific Land Corporation owns approximately 882,000 surface acres principally in the Permian Basin, along with 1/128th and 1/16th nonparticipating perpetual royalty interests and additional net royalty acres. The company generates revenue throughout the oil and gas development lifecycle: fixed fees and materials sales during infrastructure construction, water sourcing and treatment during drilling, and royalty interests plus saltwater disposal during production. Additional revenue streams include pipeline and utility easements, commercial leases, and a nonhazardous oilfield solids waste disposal operation acquired in 2024.
Themes: ["Energy infrastructure"]
Fundamentals
- Price$390.77 as of 2026-07-09 close
- Market cap$27.6B as of 2026-07-10
- 1-year return+11.9% as of 2026-07-09 close
- P/E54.81 as of 2026-07-10
- Net margin+60.0% as of 2026-07-10
- Gross margin+93.2% as of 2026-07-10
- ROE+35.5% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+15.3% as of 2026-07-10
- Revenue CAGR (3y)+6.1% SEC XBRL
- Beta0.65 as of 2026-07-10
Dividend: yield +0.6%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Commodity price exposure: Oil and gas royalty revenues fluctuate with hydrocarbon prices; production declines in core operating areas would reduce royalty income"]
Competitors & peers
- Permian Basin Royalty Trust (PBT)
- Lonestar Resources (if publicly traded as of 2026)
- Energy Transfer (ET)
- Antero Midstream Corporation (AM)
- Ciner Resources LP
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.