Texas Pacific Land Corporation (TPL)

NYSE: TPL · Real-Time Price · USD
1,450.70
+30.57 (2.15%)
Nov 20, 2024, 4:00 PM EST - Market closed
2.15%
Market Cap 33.33B
Revenue (ttm) 686.70M
Net Income (ttm) 448.71M
Shares Out 22.97M
EPS (ttm) 19.49
PE Ratio 74.43
Forward PE n/a
Dividend $6.92 (0.48%)
Ex-Dividend Date Sep 3, 2024
Volume 73,601
Open 1,414.49
Previous Close 1,420.13
Day's Range 1,414.49 - 1,456.83
52-Week Range 467.62 - 1,456.83
Beta 1.59
Analysts Buy
Price Target 694.17 (-52.15%)
Earnings Date Nov 6, 2024

About TPL

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres, total of approximately 195,000 NRA located in the western part of Texas. The Land and Resource Management segment manages surface acres of land, and oil and gas royalty interest in West... [Read more]

Sector Energy
Founded 1888
Employees 99
Stock Exchange NYSE
Ticker Symbol TPL
Full Company Profile

Financial Performance

In 2023, Texas Pacific Land's revenue was $631.60 million, a decrease of -5.37% compared to the previous year's $667.42 million. Earnings were $405.65 million, a decrease of -9.12%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for TPL stock is "Buy." The 12-month stock price forecast is $694.17, which is a decrease of -52.15% from the latest price.

Price Target
$694.17
(-52.15% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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12 days ago - Seeking Alpha

Texas Pacific Land Corporation (TPL) Q3 2024 Earnings Call Transcript

Texas Pacific Land Corporation (NYSE:TPL) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Shawn Amini - Vice President, Finance and Investor Relations Tyler Glover - ...

13 days ago - Seeking Alpha

My Best Investment Ever - Why I Remain Bullish On Texas Pacific Land

Texas Pacific Land Corporation has become my largest investment due to its unique business model and significant long-term potential in the Permian Basin. TPL profits from oil, gas, and water rights w...

13 days ago - Seeking Alpha

Texas Pacific Land Corporation Announces Third Quarter Results

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced its financial and operating results for the third quarter of 2024. Third Quarter 2024 Highl...

14 days ago - Business Wire

Trade Tracker: Kevin Simpson buys Texas Pacific Land

Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to explain why he's buying a stock that's already up over 100% YTD.

4 weeks ago - CNBC Television

Texas Pacific Land Corporation Sets Dates for Third Quarter 2024 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) announced today that the Company will release third quarter 2024 financial results after the market closes on Wednes...

6 weeks ago - Business Wire

Texas Pacific Land Corporation Acquires Permian Oil and Gas Mineral and Royalty Interests in Cash Transaction

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced the closing of an acquisition of Permian oil and gas mineral and royalty interests for $286...

7 weeks ago - Business Wire

Texas Pacific Land: One-Of-A-Kind Energy Stock

Texas Pacific Land Corporation benefits from a diverse revenue stream, including royalties, water services, and land sales, making it a stable investment. Despite missing Q2 2024 EPS projections, TPL'...

2 months ago - Seeking Alpha

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2 months ago - Seeking Alpha

Texas Pacific Land Corporation Acquires Permian Mineral Interests and Surface Acreage in Cash Transactions

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced the closing of two acquisitions for oil and gas mineral interests and surface acreage locat...

3 months ago - Business Wire

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3 months ago - Market Watch

Texas Pacific Land: So Bullish, 13% Of My Portfolio Is Just The Beginning

Texas Pacific Land Corporation is a misunderstood company with a near-perfect business model. TPL owns land in the Texas Permian, generating high margins from oil and gas royalties and water services....

3 months ago - Seeking Alpha

Texas Pacific Land Corporation (TPL) Q2 2024 Earnings Call Transcript

Texas Pacific Land Corporation (NYSE:TPL) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Shawn Amini - Vice President, Finance and Investor Relations Tyler Glover - ...

3 months ago - Seeking Alpha

Texas Pacific Land Corporation Announces Second Quarter Results and Another Record Performance From Water Segment

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced its financial and operating results for the second quarter of 2024. Second Quarter 2024 Hig...

3 months ago - Business Wire

Texas Pacific Land Corporation Sets Dates for Second Quarter 2024 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) announced today that the Company will release second quarter 2024 financial results after the market closes on Wedne...

4 months ago - Business Wire

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4 months ago - Seeking Alpha

Texas Pacific Land: An Atypical Real Estate Growth Stock

I usually do not start with the history of a company to present my investment thesis, but Texas Pacific Land Corp. (TPL, Financial) is such an atypical enterprise that it is better to start from the b...

4 months ago - GuruFocus

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5 months ago - Seeking Alpha

Texas Pacific Land Corporation Announces Special Dividend of $10 Per Share and Cash Balance Target

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced that the Company's Board of Directors approved a $10.00 per share special dividend. The spe...

5 months ago - Business Wire

KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

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5 months ago - PRNewsWire

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