Texas Pacific Land (TPL) Stock Price & Analysis

TPL price $331.85 -0.08 -0.02%

Ticker
TPL
Price
$331.85
Change
-0.08 -0.02%
Market cap ?
$22.89B
P/E ?
42.28
Forward P/E ?
35.90
Dividend yield ?
0.70%
Beta ?
0.59
Sector
Energy
Industry
Oil & Gas Exploration & Production
Stocklytics score
63
Value
38
Quality
82
Growth
69

Stocklytics score rationale: value 38, quality 82, growth 69.

Financials

2016201720182019202020212022202320242025
59911397132329000300220000490496000302554000450958000667422000631595000705823000798190000

Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services. Its Land and Resource Management division oversees a vast land portfolio, spanning nearly 880,000 acres. This segment also holds significant oil and gas royalty interests. These include perpetual non-participating royalty interests (NPRIs) covering approximately 85,000 acres (at a 1/128th…

Fair value

TPL fair value $257.20. Price $331.85. Price is 29% above fair value.

Above fair value, around its usual premium.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 526.70M. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 68.97M. Net debt -112.46M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare TPL

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-04—2.33—251.00M
2026-08-052.232.18246.06M249.50M
2026-05-062.072.02236.82M233.00M
2026-02-181.791.79211.58M207.50M
2025-11-051.761.92203.09M175.00M
2025-08-061.681.83187.54M198.00M
2025-05-071.751.76195.98M211.00M
2025-02-191.711.61185.78M185.00M
2024-11-061.541.78173.56M180.75M
2024-08-071.661.79172.33M182.34M
2024-05-081.661.53174.14M158.21M
2024-02-211.6412.46166.66M152.20M
2023-11-021.531.61157.97M173.84M
2023-08-031.451.23160.61M143.24M
2023-05-041.2512.57146.36M154.53M
2023-02-221.444.90152.71M171.71M
2022-11-021.871.60191.11M175.67M
2022-08-031.711.70176.27M174.79M
2022-05-041.401.54147.34M156.25M
2022-02-231.131.22147.18M129.23M
2021-11-041.200.98123.69M110.25M
2021-08-050.820.8295.93M94.22M
2021-05-060.720.6484.16M74.24M
2021-02-250.640.5074.30M56.15M
2020-11-020.660.4074.38M62.05M
2020-07-300.400.6957.28M100.71M
2020-04-300.820.8096.59M93.85M
2020-01-301.020.82113.33M90.79M
2019-10-310.86—98.53M—
2019-07-310.71—87.31M—
2019-04-250.67—191.32M—
2019-01-310.90—93.20M—
2018-10-310.72—73.17M—
2018-07-310.75—73.84M—
2018-04-300.62—60.01M—
2018-01-310.32—38.28M—
2017-10-300.37—42.48M—
2017-07-310.24—27.35M—
2017-04-270.21—24.23M—
2017-01-310.15—17.56M—

Dividends

Yield 0.70%. Payout ratio 28.95%. Frequency Quarterly.

Safety score 91/100 · Safe. Payout ratio is 29% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 45 separate years. Yield is 0.7%, which is modest.

Ex-dateDividendRecordPaymentFrequency
2026-09-01$0.602026-09-012026-09-15Quarterly
2026-06-01$0.602026-06-012026-06-15Quarterly
2026-03-02$0.602026-03-022026-03-16Quarterly
2025-12-01$0.532025-12-012025-12-15Quarterly
2025-09-02$0.532025-09-022025-09-16Quarterly
2025-06-02$0.532025-06-022025-06-16Quarterly
2025-03-03$0.532025-03-032025-03-17Quarterly
2024-12-02$0.532024-12-022024-12-16Quarterly
2024-09-03$0.392024-09-032024-09-17Quarterly
2024-07-01$3.332024-07-012024-07-15Special
2024-06-03$0.392024-06-032024-06-17Quarterly
2024-02-29$0.392024-03-012024-03-15Quarterly
2023-11-30$0.362023-12-012023-12-15Quarterly
2023-08-31$0.362023-09-012023-09-15Quarterly
2023-06-07$0.362023-06-082023-06-15Quarterly
2023-03-07$0.362023-03-082023-03-15Quarterly
2022-12-07$3.002022-12-082022-12-15Quarterly
2022-09-07$0.332022-09-082022-09-15Semi-Annual
2022-06-07$2.562022-06-082022-06-15Special
2022-03-07$3.002022-03-082022-03-15Quarterly
2021-12-07$2.752021-12-082021-12-15Quarterly
2021-09-07$2.752021-09-082021-09-15Quarterly
2021-06-07$2.752021-06-082021-06-15Quarterly
2021-03-05$2.752021-03-082021-03-15Quarterly
2020-12-10$10.002020-12-112020-12-17Special
2020-03-06$1.782020-03-092020-03-16Special
2019-03-07$0.672019-03-082019-03-15Special
2018-03-08$0.452018-03-092018-03-16Special
2017-03-07$0.152017-03-092017-03-16Special
2016-03-07$0.312016-03-092016-03-16Annual
2015-03-05$0.292015-03-092015-03-16Annual
2014-03-04$0.272014-03-062014-03-14Annual
2012-12-12$0.252012-12-142012-12-21Semi-Annual
2012-03-02$0.232012-03-062012-03-14Annual
2011-03-02$0.212011-03-042011-03-11Irregular
2010-03-10$0.202010-03-122010-03-24Annual
2009-03-10$0.192009-03-122009-03-23Annual
2008-03-05$0.022008-03-072008-03-17Annual
2007-03-05$0.022007-03-072007-03-15Semi-Annual
2006-11-22$0.052006-11-272006-12-07Semi-Annual
2006-03-03$0.012006-03-072006-03-15Annual
2005-03-04$0.012005-03-082005-03-15Semi-Annual
2004-10-06$0.042004-10-082004-10-14Semi-Annual
2004-03-03$0.012004-03-052004-03-12Semi-Annual
2003-08-22$0.012003-08-262003-09-08Semi-Annual
2003-03-05$0.012003-03-072003-03-14Annual
2002-03-06$0.012002-03-082002-03-15Annual
2001-03-28$0.012001-03-302001-03-31Monthly
2001-03-07$0.082001-03-092001-03-15Annual
2000-03-06$0.012000-03-082000-03-15Annual
1999-03-04$0.011999-03-081999-03-15Annual
1998-03-05$0.011998-03-091998-03-16Annual
1997-03-05$0.011997-03-071997-03-14Annual
1996-03-07$0.011996-03-111996-03-15Annual
1995-03-06$0.011995-03-101995-03-15Annual
1994-03-07$0.011994-03-111994-03-15Annual
1993-03-05$0.011993-03-111993-03-15Annual
1992-03-06$0.011992-03-121992-03-16Annual
1991-03-06$0.011991-03-121991-03-15Annual
1990-03-06$0.011990-03-121990-03-15Annual
1989-02-28$0.011989-03-061989-03-13Annual
1988-03-01$0.011988-03-071988-03-14Annual
1987-02-26$0.011987-03-041987-03-12Annual
1986-02-26$0.011986-03-041986-03-12Annual
1985-02-26$0.011985-03-041985-03-12Annual
1984-02-28$0.01——Annual
1983-02-28$0.01——Annual
1982-02-22$0.01——Annual
1981-02-23$0.01——Annual

Insider trades

DateInsiderActionSharesPriceValue
2026-09-29HORIZON KINETICS ASSET MANAGEMENT LLCBuy4$340.961.36K
2026-09-28HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$340.12340
2026-09-25HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$339.72340
2026-09-24HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$340.28340
2026-09-23HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$352.95353
2026-09-22HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$361.36361
2026-09-21HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$348.98349
2026-09-18HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$351.34351
2026-09-17HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$349.35349
2026-09-16HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$352.36352
2026-09-15DOYLE PETERBuy5$371.641.86K
2026-09-15HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$370.59371
2026-09-14HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$371.73372
2026-09-11HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$367.88368
2026-09-10HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$366.18366
2026-09-09HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$378.57379
2026-09-08HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$375.10375
2026-09-04HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$360.03360
2026-09-03HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$367.61368
2026-09-02HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$363.20363
2026-09-01HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$369.10369
2026-08-31HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$369.47369
2026-08-28HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$364.42364
2026-08-27HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$365.74366
2026-08-26HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$375.00375
2026-08-25HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$372.58373
2026-08-24HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$377.39377
2026-08-21HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$381.51382
2026-08-20HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$377.85378
2026-08-19HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$372.10372
2026-08-18HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$361.16361
2026-08-17HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$357.32357
2026-08-14HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$357.56358
2026-08-13HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$343.02343
2026-08-12HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$353.15353
2026-08-11HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$352.62353
2026-08-10HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$345.10345
2026-08-07HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$353.28353
2026-08-06HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$355.62356
2026-08-05HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$385.95386
2026-08-04HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$403.53404
2026-08-03HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$392.66393
2026-07-31HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$400.09400
2026-07-30HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$389.14389
2026-07-29HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$394.14394
2026-07-28HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$393.09393
2026-07-27HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$409.31409
2026-07-24HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$423.94424
2026-07-23HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$429.51430
2026-07-22HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$427.42427
2026-07-21HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$413.48413
2026-07-20HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$416.47416
2026-07-17HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$420.15420
2026-07-16HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$416.05416
2026-07-15HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$414.13414
2026-07-14HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$408.37408
2026-07-13HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$411.10411
2026-07-10HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$385.84386
2026-07-09HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$400.13400
2026-07-08HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$397.47397
2026-07-07HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$400.67401
2026-07-06HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$408.89409
2026-07-02HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$402.64403
2026-07-01HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$426.00426
2026-06-30HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$435.74436
2026-06-29HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$410.88411
2026-06-26HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$397.48397
2026-06-25HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$388.58389
2026-06-24HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$374.10374
2026-06-23HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$370.60371
2026-06-22HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$351.33351
2026-06-18HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$355.47355
2026-06-17HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$356.60357
2026-06-16HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$356.31356
2026-06-15DOYLE PETERBuy4$381.951.53K
2026-06-15HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$369.40369
2026-06-12HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$384.53385
2026-06-11HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$370.47370
2026-06-10HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$380.37380
2026-06-09HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$386.62387
2026-06-08STEDDUM CHRISSell730$400.21292.15K
2026-06-08STEDDUM CHRISSell100$401.1840.12K
2026-06-08HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$402.65403
2026-06-05STEDDUM CHRISSell3.17K$400.251.27M
2026-06-05HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$394.84395
2026-06-04HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$406.73407
2026-06-03HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$406.72407
2026-06-02HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$368.20368
2026-06-01HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$387.38387
2026-05-29HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$395.39395
2026-05-28HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$406.26406
2026-05-27HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$404.86405
2026-05-26HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$402.90403
2026-05-22HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$400.85401
2026-05-21HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$396.43396
2026-05-20HORIZON KINETICS ASSET MANAGEMENT LLCBuy2$395.93792
2026-05-19HORIZON KINETICS ASSET MANAGEMENT LLCBuy2$390.21780
2026-05-18HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$385.14385
2026-05-15HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$387.62388
2026-05-14HORIZON KINETICS ASSET MANAGEMENT LLCBuy1$385.21385

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 908, holders +11 vs prior quarter. Ownership 73.76%.

HolderSharesChangeChange %Value
HORIZON KINETICS ASSET MANAGEMENT LLC9.80M-212.48K-2.12%4.29B
BLACKROCK, INC.5.30M-656.26K-11.02%2.32B
STATE STREET CORP3.96M179.79K+4.75%1.74B
VANGUARD CAPITAL MANAGEMENT LLC3.81M25.18K+0.67%1.67B
VANGUARD PORTFOLIO MANAGEMENT LLC3.18M41.23K+1.31%1.39B
GEODE CAPITAL MANAGEMENT, LLC1.65M13.19K+0.81%717.94M
FIRST MANHATTAN CO. LLC.1.06M1.97K+0.19%465.97M
SOFTVEST ADVISORS, LLC1.06M653.00K+159.62%464.82M
MORGAN STANLEY972.32K7.84K+0.81%425.53M
INVESCO LTD.715.74K93.57K+15.04%313.24M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC647.81K34.44K+5.61%283.51M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.647.81K647.81KNew283.51M
PACIFIC HEIGHTS ASSET MANAGEMENT LLC590.00K-30.00K-4.84%258.21M
NORTHERN TRUST CORP540.63K-4.25K-0.78%236.60M
JANE STREET GROUP, LLC481.20K412.12K+596.55%210.59M
SOFTVEST ADVISORS, LLC480.20K71.10K+17.38%210.15M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC477.43K30.91K+6.92%208.94M
UBS GROUP AG445.74K-27.86K-5.88%195.08M
DIMENSIONAL FUND ADVISORS LP442.99K11.90K+2.76%193.80M
SCHWARTZ INVESTMENT COUNSEL INC413.46K2.53K+0.62%180.95M
LEGAL & GENERAL GROUP PLC350.45K-52.12K-12.95%153.37M
BANK OF NEW YORK MELLON CORP340.78K-16.60K-4.65%149.14M
VANGUARD FIDUCIARY TRUST CO333.82K-750-0.22%146.09M
SUSQUEHANNA INTERNATIONAL GROUP, LLP330.10K261.11K+378.50%144.46M
GOLDMAN SACHS GROUP INC318.61K-55.40K-14.81%139.44M

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Texas Pacific Land (TPL) Stock Price & Analysis

TPL$331.85-0.08 -0.02%

$22.89B

Market Cap

42.28

P/E

35.90

Forward P/E

63

Score

Price History