Texas Pacific Land Corporation (TPL)
| Market Cap | 10.48B |
| Revenue (ttm) | 514.14M |
| Net Income (ttm) | 317.83M |
| Shares Out | 7.74M |
| EPS (ttm) | 34.83 |
| PE Ratio | 38.88 |
| Forward PE | 25.13 |
| Dividend | $11.25 (0.83%) |
| Ex-Dividend Date | Jun 7, 2022 |
| Volume | 22,387 |
| Open | 1,399.00 |
| Previous Close | 1,398.91 |
| Day's Range | 1,332.21 - 1,399.00 |
| 52-Week Range | 946.29 - 1,647.03 |
| Beta | 2.24 |
| Analysts | Sell |
| Price Target | 1,543.26 (+14.0%) |
| Earnings Date | May 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...
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 StatementsAnalyst 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.
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?
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...
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.
After Golden Cross, Texas Pacific (TPL)'s Technical Outlook is Bright
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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 ...
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...
Texas Pacific (TPL) Just Reclaimed the 20-Day Moving Average
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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...
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 ...
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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?
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...
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.
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...
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.
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.
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...
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...
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...
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.
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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?
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...