1. United States of America Stocks

  2. •

    Energy

  3. •

    Oil & Gas Exploration & Production
Texas Pacific Land Corporation

Texas Pacific Land Corporation

TPL
Texas Pacific Land CorporationUS flagNew York Stock Exchange
338.25
USD
+2.51
- -
23.33BMarket Cap
Texas Pacific Land Corporation
TPL
(New York Stock Exchange)

Recent

price

338.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.23
0.41
0.41
0.57
0.73
1.08
0.92
2.19
4.28
7.03
4.33
6.46
9.6
9.14
10.24
- -
13.02
Revenue per Share
0.13
0.25
0.24
0.35
0.46
0.68
0.59
1.38
2.99
4.57
2.52
3.87
6.42
5.87
6.58
- -
7.85
Basic EPS, GAAP
0.13
0.28
0.25
0.39
0.51
0.67
0.56
1.06
1.41
4.31
2.41
3.58
6.13
5.47
0.95
- -
1.1
Free Cash Flow per Basic Share
0.02
0.02
0.05
- -
0.03
0.03
0.03
0.15
0.45
0.67
2.89
1.22
3.56
1.45
5.04
- -
2.27
Dividend per Share
0.21
0.25
0.2
0.24
0.36
0.63
0.67
1.49
3.5
7.34
6.95
9.34
11.16
15.11
16.43
21.16
24.25
Book Value per Share
0.21
0.25
0.2
0.24
0.36
0.63
0.67
1.49
3.5
7.34
6.95
9.34
11.16
14.81
15.92
20.69
23.79
Tangible Book Value per Share
87
84
80
77
76
74
72
71
70
70
70
70
69
69
69
- -
69
Basic Weighted Avg Shares
20
34
33
44
55
79
66
155
300
490
303
451
667
632
706
798
898
Sales/Revenue/Turnover
81.72
89.61
89.92
90.98
93.14
94.76
95.16
93.74
86.88
81.46
71.81
80.36
84.25
76.96
76.38
74.19
74.92
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
3
9
14
16
15
15
25
63
68
Depreciation Expense
11
21
20
27
35
50
42
97
210
319
176
270
446
406
454
481
541
Net Income, GAAP
31.15
33.04
32.99
32.2
32.41
33.53
32.79
32.97
19.87
20.76
19.85
25.63
21.53
21.62
21.57
21.13
20.87
Effective Tax Rate (%)
56.36
60.04
60.29
61.71
62.98
63.01
63.95
62.88
69.86
64.98
58.19
59.87
66.88
64.23
64.32
60.31
60.32
Profit Margin (%)
3
24
18
19
30
47
53
92
169
342
293
459
577
799
443
246
335
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
2
1
2
1
- -
16
16
LT Debt
18
21
16
18
27
46
48
105
245
512
485
652
773
1,043
1,132
1,459
1,672
Total Equity
47.52
91.79
103.42
158.25
152
135.6
87.78
124.72
118.67
82.55
34.41
45.93
60.08
41.26
38.34
35.47
35.24
Return on Invested Capital (%)
59.51
106.02
108.72
162.37
155.72
138.21
90.61
127.33
119.92
83.85
35.11
47.35
62.52
44.6
41.7
36.96
36.48
Return on Capital (%)
59.51
106.02
108.72
162.37
155.72
138.21
90.61
127.33
119.92
84.23
35.3
47.49
62.66
44.67
41.73
37.15
36.57
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
16
16
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
69
69
69
Market Capitalization
19,800
32,732
30,186

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
319
435
428
Cash, Cash Equivalents & STI
145
248
249
Accounts Receivable, Net
165
181
175
Inventories
- -
- -
- -
Total Current Liabilities
74
103
93
Payables & Accruals
52
81
75
ST Debt
- -
- -
- -
Deferred Revenue
21
22
18

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
48.7%
25.05%
28.83%
Free Cash Flow
23.47%
-5.11%
-50.86%
Net Income, GAAP
36.49%
25.5%
6.04%
Sales/Revenue/Turnover
35.29%
23.3%
13.09%
Total Cash Common Dividend
116.97%
52.54%
-57.44%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
174
172
174
186
706
2025
196
188
203
212
798
2026
237
246
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.66
1.66
1.55
1.72
6.58
2025
1.75
1.68
1.76
1.79
- -
2026
2.07
2.23
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.39
3.72
0.53
5.04
2025
0.54
0.53
0.53
0.53
- -
2026
0.61
0.6
- -
- -
- -
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Business
Texas Pacific Land Corporation engages in land and resource management and water services and operations primarily in the state of Texas, with a concentration in the Permian Basin. The company owns approximately 882,000 surface acres, managing oil and gas royalty interests and mineral rights. Its Land and Resource Management segment generates revenue from oil and gas royalties, easements (pipeline, power line, utility), commercial leases, renewables, land sales, and materials such as caliche for construction. The Water Services and Operations segment, operated through its wholly owned subsidiary Texas Pacific Water Resources LLC, delivers comprehensive water solutions including water sourcing, produced-water treatment, infrastructure development, and disposal services essential for fracking and oil and gas well completions. Founded in 1888 and headquartered in Dallas, Texas, Texas Pacific Land Corporation is one of the largest landowners in Texas and focuses on long-term revenue generation from its land and mineral assets, without engaging in oil and gas production itself. In 2024, the company invested approximately $500 million in acquisitions, expanding its surface and royalty acreage predominantly in the Permian Basin by over 50,000 acres, enhancing its production and revenue base. Recent strategic initiatives include a three-for-one stock split effective December 2025 to increase stock liquidity and accessibility. Additionally, Texas Pacific Land completed a $500 million credit facility to support capital expenditures and acquisitions. The company continues to explore mergers and acquisitions, particularly in Permian minerals, royalties, water, and surface assets to leverage synergies with its existing infrastructure. Texas Pacific Land Corporation's portfolio includes multiple revenue streams such as fixed fees for land use, material sales, water services, royalties from oil and gas production, and leasing arrangements for midstream infrastructure and hydrocarbon processing. Its water division operates extensive water production, storage, and delivery systems critical for hydraulic fracturing operations prevalent in the region. The company maintains high gross profit margins above 90% and has a consistent dividend payment history exceeding 12 years. With operative focus in the Permian Basin, Texas Pacific Land targets oil and gas operators and infrastructure developers as its primary customers, solidifying its position as a modern energy and land management powerhouse in the Texas energy sector.

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