Texas Pacific Land Corporation

Texas Pacific Land Corporation

TPL

Market Cap$25.61B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Texas Pacific Land CorporationTexas Pacific Land Corporation55.61.39%38%35.30.1

Earnings Call Q1 2025

May 8, 2025 - AI Summary

Strong Q1 Performance: Texas Pacific Land Corporation (TPL) reported record quarterly results with oil and gas royalty production averaging approximately 31,100 barrels of oil equivalent per day, indicating a 7% growth sequentially and a remarkable 25% growth year-over-year (YOY). Water segment revenues reached $69 million, demonstrating a 3% sequential increase and an 11% YOY increase, highlighting resilience in TPL's business despite broader market challenges.
Positive Free Cash Flow and Strong Financial Position: TPL generated free cash flow of $127 million for Q1 2025, reflecting an 11% increase compared to the previous year. The company maintained a net cash position of $460 million with zero debt, positioning TPL strongly for potential opportunities in a volatile market.
Robust Well Inventory and Hedged Revenue Streams: TPL has a strong near-term well inventory with 24.3 net wells (including permitted, drilled but uncompleted, and completed but not producing) - the highest recorded level. This inventory is expected to provide stability in production levels even if market conditions worsen. Additionally, TPL's revenue from produced water royalties is relatively insulated from commodity price fluctuations, given its fixed fee model.

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$646.80

Current Fair Value

40.8% downside

Overvalued by 40.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$25.61 Billion
Enterprise Value$25.21 Billion
Dividend Yield$15.54 (1.39493550442986%)
Earnings per Share$19.75
Beta1.21
Outstanding Shares22,980,695

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio55.63
PEG1020.87
Price to Sales35.26
Price to Book Ratio21.02
Enterprise Value to Revenue34.64
Enterprise Value to EBIT44.92
Enterprise Value to Net Income54
Total Debt to Enterprise0
Debt to Equity0.05

Revenue Sources

No data

Insider Trades

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...