Texas Pacific Land Corporation (TPL)

NYSE: TPL · IEX Real-Time Price · USD
1,706.50
+26.22 (1.56%)
At close: Mar 21, 2023, 4:00 PM
1,706.00
-0.50 (-0.03%)
After-hours: Mar 21, 2023, 7:59 PM EDT
1.56%
Market Cap 13.13B
Revenue (ttm) 667.42M
Net Income (ttm) 446.36M
Shares Out 7.70M
EPS (ttm) 57.77
PE Ratio 29.54
Forward PE 40.98
Dividend $32.25 (1.89%)
Ex-Dividend Date Mar 7, 2023
Volume 60,108
Open 1,709.80
Previous Close 1,680.28
Day's Range 1,658.28 - 1,715.78
52-Week Range 1,250.01 - 2,739.00
Beta 1.92
Analysts Buy
Price Target 2,217.48 (+29.94%)
Earnings Date May 3, 2023

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... [Read more]

Industry Oil & Gas E&P
Sector Energy
Founded 1888
Employees 92
Stock Exchange NYSE
Ticker Symbol TPL
Full Company Profile

Financial Performance

In 2022, TPL's revenue was $667.42 million, an increase of 48.00% compared to the previous year's $450.96 million. Earnings were $446.36 million, an increase of 65.33%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for TPL stock is "Buy." The 12-month stock price forecast is $2,217.48, which is an increase of 29.94% from the latest price.

Price Target
$2,217.48
(29.94% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 week ago - Benzinga

Texas Pacific (TPL) Q4 Earnings and Revenues Miss Estimates

Texas Pacific (TPL) delivered earnings and revenue surprises of -14.53% and 11.07%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

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
3 weeks 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...

3 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.

1 month ago - Zacks Investment Research

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 month 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 month ago - GuruFocus

Strength Seen in Texas Pacific (TPL): Can Its 3.9% Jump Turn into More Strength?

Texas Pacific (TPL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term...

1 month ago - Zacks Investment Research

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 month 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 month 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...

2 months 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
2 months 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
2 months ago - Benzinga

7 Best Natural Gas Stocks to Buy Now

This may feel like an odd time to be talking about the best natural gas stocks to buy. Natural gas futures trading on the New York Mercantile Exchange's Henry Hub just closed at a two-month low despit...

Other symbols: BSMCNQFANGMTDRPXDWDS
3 months ago - InvestorPlace

Is Texas Pacific Land (TPL) Stock Outpacing Its Oils-Energy Peers This Year?

Here is how Texas Pacific (TPL) and YPF Sociedad Anonima (YPF) have performed compared to their sector so far this year.

3 months ago - Zacks Investment Research

Is Texas Pacific Land (TPL) Outperforming Other Oils-Energy Stocks This Year?

Here is how Texas Pacific (TPL) and YPF Sociedad Anonima (YPF) have performed compared to their sector so far this year.

3 months ago - Zacks Investment Research

3 Alternative Energy Stocks to Buy Amid U.S.-EU Trade Rift

Solid investment in hydrogen development and increasing wind energy capacity additions amid the U.S-EU trade dispute are likely to impact alternative energy stocks. You may buy TPL, DINO and CWEN.

Other symbols: CWENDINO
3 months ago - Zacks Investment Research

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: ARCEGOXYSGFY
3 months ago - Investopedia

Top 5 Momentum Stocks for December After a Solid November

We have narrowed our search to five momentum stocks that have solid upside left for December. These are: ANET, FTNT, DINO, DCP and TPL.

Other symbols: ANETDCPDINOFTNT
3 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for November 11th

H, TPL and PRDO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 11, 2022.

Other symbols: HPRDO
4 months ago - Zacks Investment Research

Texas Pacific (TPL) Beats Q3 Earnings and Revenue Estimates

Texas Pacific (TPL) delivered earnings and revenue surprises of 16.97% and 8.79%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

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.

4 months ago - Business Wire

Texas Pacific Land Corporation Sets Dates for Third 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 third quarter 2022 financial results after the market closes ...

5 months ago - Business Wire

Can Texas Pacific Land Corp. Continue its Meteoric Rise?

With energy the only sector with a 2022 gain, Texas Pacific Land Corporation is a price leader in a little-known slice of the overall oil-and-gas industry.

5 months ago - MarketBeat

Texas Pacific Land Corporation and WaterBridge NDB LLC Form Delaware Basin Water Development and Sustainability Alliance

DALLAS & HOUSTON--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL”) and WaterBridge NDB LLC (together with its subsidiaries, “WaterBridge”) announced today a long-term agreement that...

6 months ago - Business Wire