Texas Pacific Land Corporation (TPL)

NYSE: TPL · Delayed Price · USD
1,354.24
-44.67 (-3.19%)
At close: May 18, 2022 4:00 PM
1,360.24
6.00 (0.44%)
After-hours:May 18, 2022 7:33 PM EDT
Market Cap10.48B
Revenue (ttm)514.14M
Net Income (ttm)317.83M
Shares Out7.74M
EPS (ttm)34.83
PE Ratio38.88
Forward PE25.13
Dividend$11.25 (0.83%)
Ex-Dividend DateJun 7, 2022
Volume22,387
Open1,399.00
Previous Close1,398.91
Day's Range1,332.21 - 1,399.00
52-Week Range946.29 - 1,647.03
Beta2.24
AnalystsSell
Price Target1,543.26 (+14.0%)
Earnings DateMay 4, 2022

About TPL

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages approximately 880,000 acres of land. This segment also holds own 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 located in the western part of Texas. In addition, this segment engages in ease...

IndustryOil, Gas & Consumable Fuels
Founded1888
Employees92
Stock ExchangeNYSE
Ticker SymbolTPL
Full Company Profile

Financial Performance

In 2021, TPL's revenue was $450.96 million, an increase of 49.05% compared to the previous year's $302.56 million. Earnings were $269.98 million, an increase of 53.36%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for TPL stock is "Sell." The 12-month stock price forecast is 1543.26, which is an increase of 13.96% from the latest price.

Price Target
$1543.26
(13.96% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Texas Pacific (TPL) Misses Q1 Earnings and Revenue Estimates

Texas Pacific (TPL) delivered earnings and revenue surprises of -8.54% and 5.92%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

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 2022. First Quarter 2022 Highlig...

2 weeks ago - Business Wire

Texas Pacific (TPL) Earnings Expected to Grow: Should You Buy?

Texas Pacific (TPL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 weeks ago - Zacks Investment Research

After Golden Cross, Texas Pacific (TPL)'s Technical Outlook is Bright

Is it a good or bad thing when a stock experiences a golden cross technical event?

4 weeks ago - Zacks Investment Research

Texas Pacific Land Corporation Announces New Director Appointments and Provides an Update on the Evaluation of the De...

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL” or the “Company”) today announced the appointment of two new members to TPL's board of directors (the “Board”) and provided an ...

4 weeks ago - Business Wire

Texas Pacific Land Corporation Sets Dates for First Quarter 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 first quarter 2022 financial results after the market closes on...

1 month ago - Business Wire

Texas Pacific (TPL) Just Reclaimed the 20-Day Moving Average

When a stock breaks out above the 20-day simple moving average, good things could be on the horizon. How should investors react?

1 month ago - Zacks Investment Research

Best Momentum Stocks to Buy for April 7th

OXY, WLK, and TPL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 7, 2022.

Other symbols:OXYWLK
1 month ago - Zacks Investment Research

"Buy Land, They Aren't Making Any More of It" With These 3 Dividend Payers

These three companies own substantial land holdings across the United States, and all pay dividends.

Other symbols:ALCOLAND
1 month ago - The Motley Fool

Texas Pacific Land Corporation and Aris Water Solutions, Inc. Announce Expansion of Alliance

DALLAS & HOUSTON--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL”) and Aris Water Solutions, Inc. (NYSE: ARIS) (“Aris”, “Aris Water”) announced today an expansion of their ongoing all...

Other symbols:ARIS
2 months ago - Business Wire

Texas Pacific Land Corporation Announces $100 Million Stock Repurchase Program

DALLAS, Texas--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) today announced that the Company's board of directors approved a stock repurchase program to purchase up to an ...

2 months ago - Business Wire

7 Stocks That Look Too Cheap Given Their High Cash Flow and Dividends

These seven dividend stocks have ample yields that are more than covered by their companies' cash flow and look cheap using value metrics. The post 7 Stocks That Look Too Cheap Given Their High Cash Flo...

Other symbols:CAGCWHDPZMMMTXOM
2 months ago - InvestorPlace

Texas Pacific (TPL) Q4 Earnings Lag Estimates

Texas Pacific (TPL) delivered earnings and revenue surprises of -6.93% and 14.75%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

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 2021. Fourth Quar...

2 months ago - Business Wire

David Rolfe Stakes a Claim on Texas Pacific Land, Exits Electronic Arts

David Rolfe (Trades, Portfolio), the chief investment officer of Wedgewood Partners, disclosed his portfolio for the final quarter of 2021 earlier this week.

Other symbols:EA
3 months ago - GuruFocus

Texas Pacific Land Corporation Sets Dates for Fourth Quarter and Full Year 2021 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 2021 financial results after the m...

3 months ago - Business Wire

Texas Pacific Land: Value in Alternative Oil and Gas

Oil and gas stocks can be powerful growth engines when prices are favorable or on the way up. But, these stocks also can sting investors when prices drop, as we've seen over the past seven years.

4 months ago - GuruFocus

3 Renewable Stocks Set to Continue Their Winning Streak in 2022

With the initial catastrophic impact of the pandemic projected to mellow down next year, we expect a solid growth trajectory for the renewable energy sector in 2022. You may buy EVRG, AMRC and TPL.

Other symbols:AMRCEVRG
4 months ago - Zacks Investment Research

Texas Pacific Land Corporation Moves Annual Meeting to All-Virtual Format in Wake of Surge in COVID-19 Cases in the U.S.

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL Corporation” or the “Company”) today announced that in light of the recent surge in COVID-19 cases associated with the Omicron v...

4 months ago - Business Wire

Texas Pacific Land Corporation Stockholder Responds to Board's Attack on Proposal to Declassify and Suit for Inspecti...

CHICAGO, Dec. 22, 2021 /PRNewswire/ -- Gabi Gliksberg, a long time stockholder of Texas Pacific Land Corporation and, before the conversion, Texas Pacific Land Trust, through ATG Capital Management, LLC...

4 months ago - PRNewsWire

Texas Pacific Land Corporation Sends Letter to Stockholders Ahead of Annual General Meeting

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL Corporation” or the “Company”) today sent a letter to stockholders from the Board of Directors (the “Board”) discussing the prop...

4 months ago - Business Wire

5 Affordable Mid-Caps to Gain From a Likely Year-End Rally

We have narrowed our search to five mid-cap stocks that are currently available at deep discount. These are: KSS, TPL, HFC, HOG and DDS.

Other symbols:DDSHOGKSS
5 months ago - Zacks Investment Research

7 F-Rated Dividend Stocks You Shouldn't Get Suckered Into

As dividend stocks, these companies aren't worth a second glance, even though some boast tempting dividend yields. The post 7 F-Rated Dividend Stocks You Shouldn't Get Suckered Into appeared first on In...

Other symbols:DHESPAAPEGAVNOZBH
5 months ago - InvestorPlace

Texas Pacific (TPL) Surpasses Q3 Earnings and Revenue Estimates

Texas Pacific (TPL) delivered earnings and revenue surprises of 22.54% and 16.42%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

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 2021. Third Quarter 2021 Highlig...

6 months ago - Business Wire