Texas Pacific Land Corporation

Texas Pacific Land Corporation

TPL

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Market Cap$27.11B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Texas Pacific Land CorporationTexas Pacific Land Corporation53.80.56%32%33.9-

Earnings Call Q1 2026

May 7, 2026 - AI Summary

Record financial performance driven by royalties; strong start to 2026 - Q1 2026 consolidated revenues: ~$237M (+12% sequential, +21% YoY; all-time high). - Adjusted EBITDA: ~$181M (+2% sequential, +7% YoY). - Free cash flow: ~$136M (+15% sequential, +8% YoY). - Oil & gas royalty production: ~37,001 boe/day, ~flat QoQ, +~19% YoY. - Where growth came from: stronger completion activity—Delaware Basin (Occidental/BP/Devon) and Midland Basin (Exxon).
Upside lever: higher oil prices with no hedges (major investor “good” factor) - Company is fully unhedged, so results are directly sensitive to commodity price moves. - Illustrative sensitivities (using FY2025 volumes): - Oil: every +$10/bbl ≈ +$50M annual revenue. - NGLs: every +$5/bbl ≈ +$17M annual revenue. - Macro outlook: management sees only marginal uptick in operator activity so far despite recent crude price spikes, but believes elevated prices could persist if supply disruption lasts—potential for stronger rig/frac growth in coming quarters.
Permian growth “opportunity” vs operational uncertainty (key outlook balance) - Management expects that if the oil supply shock persists, the industry could ramp rig and frac activity over coming quarters. - They highlight abundant value support from their large undeveloped well inventory (supports volume growth if price signal holds). - Challenge/risk: there’s still substantial industry uncertainty about how long the disruption lasts; operator activity has not yet surged as much as crude prices alone would suggest.

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$639.00

Target Price by Analysts

57.1% upsideTexas Pacific Land Target Price DetailsTarget Price
$345.18

Current Fair Value

15.1% downside

Overvalued by 15.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$27.11 Billion
Enterprise Value$26.90 Billion
Dividend Yield$2.20 (0.56%)
Earnings per Share$6.98
Beta0.68
Outstanding Shares68,959,013

Return

Return on Equity32.37%ROE
Return on Assets28.75%
Return on Invested Capital37.69%

Valuation & Multiples

P/E Ratio53.81P/E Ratio
PEG291.8PEG
Price to Sales33.9Price to Sales
Price to Book Ratio18.49Price to Book Ratio
Enterprise Value to Revenue32.06
Enterprise Value to EBIT43.3
Enterprise Value to Net Income53
Total Debt to Enterprise0
Debt to Equity0.03Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 6, 2026
EPS Estimate
$2.02
Average shareholder expectation
Revenue Estimate
$233.00 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$2.26
Average shareholder expectation
Revenue Estimate
$254.00 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio3.0228 185.85%
Total Calls917,300 377.02%
Total Puts2,772,800 1138.41%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %72.78% 1.03%
Total Invested$23.78B 66.74%
Investors Holding888 145.00%

ESG Score

No data

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas. The Corporation is not an oil and gas producer, but its surface and royalty ownership allow rev...

Relevant Senate Committees

Joint Committee on Taxation

This committee's analysis and 'scoring' of tax legislation are critical to all tax policy, directly shaping the financial and operating environment for TPL and its oil and gas partners.

Finance

This committee controls taxation (corporate tax rates, energy-specific deductions) and trade policy, which directly impact TPL's profitability and the economic viability of the oil and gas operations on its land.

Appropriations

This committee directly allocates federal discretionary spending. Funding decisions for infrastructure projects and energy initiatives can significantly impact demand for TPL's materials and easements.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands, and regulations impacting oil and gas development, mining, and utility easements, all central to TPL's revenue streams.