Texas Pacific Land Corporation is executing a strategic pivot from a pure-play Permian royalty model toward inorganic growth, evidenced by a 46% year-over-year asset expansion to $1.9B and a goodwill surge to $852M in 2026Q2. The core royalty business continue...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 31.2% year-over-year in 2026Q2, reaching $246.1M, with gross margins at 100% and operating margins of 78.0%, reflecting the low-cost royalty model's scalability.
Texas Pacific Land Corporation reported higher first-quarter revenue of US$236.82 million and net income of US$142.9 million, affirming a US$0.60 quarterly dividend.
The company has made strategic acquisitions in the Permian Basin, enhancing its land and royalty portfolio.
TPL boasts 74% operating margins, indicating efficient management and strong profitability.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 5, 2026 | $2.23+2.3% vs $2.18 | $246M-1.4% vs $250M |
Q2 2026 May 6, 2026 | $2.07+2.5% vs $2.02 | $237M+1.6% vs $233M |
Q1 2026 Feb 18, 2026 | $1.79+0.0% vs $1.79 | $212M+2.0% vs $208M |
Q4 2025 Nov 5, 2025 | $1.76-8.3% vs $1.92 | $203M+16.0% vs $175M |
Amundi raised its holdings in Texas Pacific Land Corporation (NYSE: TPL) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,162 shares of the financial services provider's stock after purchasing an additional 10,376 shares during the period.
On Sept. 2, 2026, Murray Stahl (Trades, Portfolio), through Horizon Kinetics, increased the firm's position in RENN Fund Inc (NYSE: RCG) by 756 shares at a price
AlphaGrep UK Ltd purchased a new position in Texas Pacific Land Corporation (NYSE: TPL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,237 shares of the financial services provider's stock, valued at approximately $979,000. A number of other institutional investors have also added
My portfolio is highly concentrated, with 40% in Old Dominion Freight Line, Texas Pacific Land, and LandBridge, reflecting high-conviction investing. ODFL offers unique LTL logistics, a pristine balance sheet, and real estate advantages, while TPL and LB provide exposure to Permian water, surface rights, and emerging AI data center trends. Both TPL and LB are shifting from traditional energy royalties to secular growth in water management and potential multi-decade data center cash flows, though execution risk remains.
Benchmark TPL against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Texas Pacific Land Corporation (TPL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $355.24 | $24.5B | 50.97 | 13.09% | 60.31% | 37.15% | 0.6% | |
| $40.77 | $14.68B | -84.94 | 56.56% | 3% | 0.56% | — | |
| $29.10 | $1.4B | 24.25 | -5.38% | 45.68% | 28.58% | — | |
| $14.76 | $3.14B | 11.53 | -3.89% | 58.63% | 25.56% | — | |
| $109.76 | $1.45B | 10.93 | -17.42% | 54% | 16.56% | — | |
| $184.50 | $51.9B | 32.20 | 36.31% | 9.27% | 3.62% | — |
Texas Pacific Land Corporation (TPL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Texas Pacific Land Corporation (TPL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Jun 23, 2026·SEC
May 18, 2026·SEC
Feb 18, 2026·SEC
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Texas Pacific Land Corporation (TPL) stock FAQ — growth, dividends, profitability & financials explained
Texas Pacific Land Corporation (TPL) reported $897.5M in revenue for fiscal year 2025. This represents a 10360% increase from $8.6M in 1996.
Texas Pacific Land Corporation (TPL) grew revenue by 13.1% over the past year. This is steady growth.
Yes, Texas Pacific Land Corporation (TPL) is profitable, generating $541.4M in net income for fiscal year 2025 (60.3% net margin).
Yes, Texas Pacific Land Corporation (TPL) pays a dividend with a yield of 0.60%. This makes it attractive for income-focused investors.
Texas Pacific Land Corporation (TPL) has a return on equity (ROE) of 37.2%. This is excellent, indicating efficient use of shareholder capital.
Texas Pacific Land Corporation (TPL) generated $681.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
