Texas Pacific Land Corporation (TPL)

NYSE: TPL · IEX Real-Time Price · USD
1,592.67
+32.44 (2.08%)
Feb 27, 2024, 11:47 AM EST - Market open
2.08%
Market Cap 11.82B
Revenue (ttm) 631.60M
Net Income (ttm) 405.65M
Shares Out 7.67M
EPS (ttm) 52.77
PE Ratio 29.58
Forward PE 27.63
Dividend $14.00 (0.88%)
Ex-Dividend Date Feb 29, 2024
Volume 6,699
Open 1,562.57
Previous Close 1,560.23
Day's Range 1,560.55 - 1,592.67
52-Week Range 1,266.21 - 2,000.00
Beta 1.63
Analysts Hold
Price Target 1,414.00 (-11.22%)
Earnings Date Feb 21, 2024

About TPL

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. It 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 Texas. I... [Read more]

Industry Oil & Gas E&P
Sector Energy
Founded 1888
Employees 99
Stock Exchange NYSE
Ticker Symbol TPL
Full Company Profile

Financial Performance

In 2023, TPL'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 one analyst, the rating for TPL stock is "Hold" and the 12-month stock price forecast is $1,414.0.

Price Target
$1,414.0
(-11.22% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Texas Pacific Land Corporation Announces Fourth Quarter and Full Year 2023 Results

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced its financial and operating results for the fourth quarter and full year of 2023. Fourth Qu...

5 days ago - Business Wire

Texas Pacific Land Corporation Sets Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release fourth quarter and full year 2023 financial results after the...

4 weeks ago - Business Wire

Texas Pacific Land (TPL): Insiders are buying the stock

Texas Pacific Land (NYSE: TPL) stock price is not having a good year as interest rates remains at the highest point in over 22 years. The stock was trading at $1,555 on Tuesday, about 21% below its hi...

2 months ago - Invezz

Delaware Court of Chancery Rules in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders' Agreement

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL” or the “Company”) announced today that the Delaware Court of Chancery (the “Court”) has ruled in favor of TPL in the litigati...

3 months ago - Business Wire

Texas Pacific Land Corporation Announces Third Quarter 2023 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 2023. Third Quarter 2023 Highl...

4 months ago - Business Wire

Texas Pacific Land Corporation Sets Dates for Third Quarter 2023 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release third quarter 2023 financial results after the market closes ...

4 months ago - Business Wire

Texas Pacific Land Corp: A High-Performance Contender in the Oil & Gas Industry

Founded in 1888, Texas Pacific Land Corp ( TPL , Financial) is one of the largest landowners in the state of Texas with approximately 900,000 acres of land in West Texas. The company operates in the O...

7 months ago - GuruFocus

Texas Pacific Land Corp: A High-Performing Giant in the Oil & Gas Industry

Texas Pacific Land Corp ( TPL , Financial) is a prominent player in the Oil & Gas industry. As of August 3, 2023, the company's stock price stands at $1559.77, with a market cap of $12 billion.

7 months ago - GuruFocus

Texas Pacific Land Corporation Announces Second Quarter 2023 Results

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 2023. Second Quarter 2023 Hig...

7 months ago - Business Wire

Texas Pacific Land Corporation Announces Board Refreshment

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced its slate of director nominees for election to the Company's board of directors (the “Board...

7 months ago - Business Wire

Texas Pacific Land Corporation Sets Dates for Second Quarter 2023 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release second quarter 2023 financial results after the market closes...

8 months ago - Business Wire

Texas Pacific Land Corporation Announces First Quarter Results

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or "TPL") today announced its financial and operating results for the first quarter of 2023. First Quarter 2023 Highl...

10 months ago - Business Wire

Texas Pacific Land Corporation Sets Dates for First Quarter 2023 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release first quarter 2023 financial results after the market closes ...

11 months ago - Business Wire

Top 5 Energy Stocks That Could Blast Off In March

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Other symbols: GRNTEVATALOUSEG
1 year ago - Benzinga

Texas Pacific Land Corporation and bpx energy Agree to Comprehensive Water and Surface Use Agreements

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL”) announced today a long-term agreement with bpx energy (“bpx”), a subsidiary of BP P.L.C. (NYSE: BP), to provide water servic...

Other symbols: BP
1 year ago - Business Wire

Texas Pacific Land Corporation Announces Fourth Quarter and Full Year Results

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or "TPL") today announced its financial and operating results for the fourth quarter and full year of 2022. Fourth Qu...

1 year ago - Business Wire

Texas Pacific Land Corporation Announces Quarterly Dividend

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced that on February 10, 2023, the Board of Directors declared a quarterly cash dividend of $3....

1 year ago - Business Wire

Murray Stahl Dives Into Bitcoin, Trims Top Holding in 4th Quarter

Murray Stahl (Trades, Portfolio)'s Horizon Kinetics recently disclosed its 13F filing for the fourth quarter of 2022, giving a snapshot of its equity portfolio as of the quarter's end.

Other symbols: BAMFNVGBTCPBTSTR
1 year ago - GuruFocus

Ozona Reaches Agreement to Lease Pore Space for Cost Effective Long-Term Sequestration of Carbon Dioxide

SAN ANTONIO, Texas--(BUSINESS WIRE)--Ozona CCS, LLC (“Ozona” or “the Company”) of San Antonio, Texas has reached a definitive agreement with Texas Pacific Land Corporation (NYSE: TPL) ("TPL") to lea...

1 year ago - Business Wire

Texas Pacific Land Corporation Sets Dates for Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release fourth quarter and full year 2022 financial results after t...

1 year ago - Business Wire

Texas Pacific Land Corporation to Further Adjourn 2022 Annual Meeting of Stockholders

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced that it intends to further adjourn its 2022 annual meeting of stockholders (as further ad...

1 year ago - Business Wire

Top Picks 2023: Seven Ways To Energize Portfolios

For almost 4 decades, MoneyShow.com has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. The most popular sector in last year's report, and this...

Other symbols: ARBAMBEPCEQNRMROPAA
1 year ago - Forbes

Top 5 Energy Stocks That May Surge - Excelerate Energy (NYSE:EE), Comstock Res (NYSE:CRK)

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Other symbols: EECRKEVASM
1 year ago - Benzinga

The Top (and Bottom) Five Stocks of 2022

Occidental Petroleum, Constellation Energy, Antero Resources, Texas Pacific Land, and Signify Health are the top stocks of the year. The bottom five are Affirm Holdings, AppLovin, Wayfair, Coinbase Gl...

Other symbols: ARCEGOXY
1 year ago - Investopedia

Texas Pacific Land Corporation Announces Third Quarter 2022 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 2022.

1 year ago - Business Wire