Zacks Investment Research·Jun 26, 2026
Implied Volatility Surging for Texas Pacific Land Stock OptionsInvestors need to pay close attention to TPL stock based on the movements in the options market lately.
Texas Pacific Land Corporation(TPL)Earnings, Financials & Key Ratios
TPL•NYSE
$402.76
57.8× P/E·Price updated Jul 7, 2026
AboutTexas 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 easements and commercial leases activities, such as oil, gas and related hydrocarbons, power line and utility easements, and subsurface wellbore easements. Further, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche. Its Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water gathering/treatment, infrastructure development, disposal solutions, water tracking, analytics, and well testing services to operators in the Permian Basin. This segment also holds royalties for water sourced from its land. Texas Pacific Land Corporation was founded in 1888 and is headquartered in Dallas, Texas.Show more
- Revenue$798M+13.1%
- EBITDA$655M+16.0%
- Net Income$481M+6.0%
- EPS (Diluted)6.97+6.0%
- Gross Margin100%+11.2%
- EBITDA Margin82.02%+2.6%
- Operating Margin74.19%-2.9%
- Net Margin60.31%-6.2%
- ROE37.15%-11.0%
TPL Price & Volume
Texas Pacific Land Corporation (TPL) stock price & volume — 10-year historical chart
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Permian Landlord Capitalizes On Scalable Royalty Growth
Investment Thesis • Updated 2026Q1
VerdictPositive: The company's ability to generate $154.7 million in free cash flow during 2026Q1
Growth:Accelerating
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Regulatory seismic disposal constraints
Key Thesis Takeaways
- Texas Pacific Land Corporation leverages its massive Permian Basin footprint to drive high-margin revenue growth, evidenced by a 20.8% year-over-year revenue increase in 2026Q1.
- While the company maintains a fortress balance sheet with a 0.01 debt-to-equity ratio, investors should monitor the increasing capital intensity of its water infrastructure segment, which saw net PPE rise to $180.2 million.
- The firm's ability to sustain a 60.3% net margin suggests a durable competitive advantage, though regulatory seismic disposal constraints remain a critical risk factor for future water-related earnings.
Verdict Logic
combined with a 65.3% FCF margin, supports a compelling case for long-term value creation despite current valuation multiples.
TPL Growth Metrics
Texas Pacific Land Corporation (TPL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years25.96%
5 Years21.41%
3 Years6.15%
TTM15.3%
Profit CAGR
10 Years25.41%
5 Years22.28%
3 Years2.55%
TTM9.44%
EPS CAGR
10 Years26.27%
5 Years22.53%
3 Years2.78%
TTM9.46%
Return on Capital
10 Years77.56%
5 Years54.89%
3 Years47.1%
Last Year43.25%
TPL Recent Earnings
Texas Pacific Land Corporation (TPL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$2.07+2.5%
$2.02
Rev
$237M+1.6%
$233M
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$1.79+0.0%
$1.79
Rev
$212M+2.0%
$208M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$1.76-8.5%
$1.92
Rev
$203M+16.0%
$175M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$1.68-8.0%
$1.83
Rev
$188M-5.3%
$198M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $2.07vs $2.02+2.5% | $237Mvs $233M+1.6% |
| Q1 2026 | Feb 18, 2026 | $1.79vs $1.79+0.0% | $212Mvs $208M+2.0% |
| Q4 2025 | Nov 5, 2025 | $1.76vs $1.92-8.5% | $203Mvs $175M+16.0% |
| Q3 2025 | Aug 6, 2025 | $1.68vs $1.83-8.0% | $188Mvs $198M-5.3% |
Based on last 12 quarters of dataView full earnings history →
Latest TPL News
Recent stock market news and headlines for Texas Pacific Land Corporation (TPL)
Business Wire·Jun 23, 2026
Texas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power ProjectDALLAS--(BUSINESS WIRE)--TEXAS PACIFIC LAND CORPORATION ANNOUNCES AGREEMENT TO PROVIDE LAND AND WATER SOLUTIONS TO CHEVRON FOR A LARGE-SCALE POWER PROJECT.
Peers Comparison
Key metrics vs top competitors for Texas Pacific Land Corporation (TPL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $402.76 | $27.78B | 57.78 | 13.09% | 60.31% | 37.15% | 0.53% | |
| $41.62 | $14.94B | -86.71 | 56.56% | -2.88% | -0.46% | — | |
| $25.83 | $1.25B | 21.53 | -5.38% | 40.85% | 22.11% | — | |
| $14.00 | $2.97B | 10.94 | -3.89% | 63.48% | 35.46% | — | |
| $97.76 | $1.3B | 9.74 | -17.42% | 51.63% | 15.45% | — | |
| $180.56 | $50.79B | 31.51 | 36.31% | 2.65% | 0.93% | — |
Compare TPL vs Peers
Texas Pacific Land Corporation (TPL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TPL SEC Filings & Documents
Texas Pacific Land Corporation (TPL) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Apr 9, 2026·SEC
Material company update
Feb 18, 2026·SEC
10-K Annual Reports
1FY 2026
Feb 18, 2026·SEC
10-Q Quarterly Reports
2Get notified when TPL posts new earnings or crosses analyst targets
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TPL Frequently Asked Questions
Texas Pacific Land Corporation (TPL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Texas Pacific Land Corporation's revenue?
Texas Pacific Land Corporation (TPL) reported $839.0M in revenue for fiscal year 2025. This represents a 9678% increase from $8.6M in 1996.
How fast is Texas Pacific Land Corporation growing?
Texas Pacific Land Corporation (TPL) grew revenue by 13.1% over the past year. This is steady growth.
Is TPL profitable?
Yes, Texas Pacific Land Corporation (TPL) is profitable, generating $503.6M in net income for fiscal year 2025 (60.3% net margin).
Dividend & Returns
Does TPL pay dividends?
Yes, Texas Pacific Land Corporation (TPL) pays a dividend with a yield of 0.53%. This makes it attractive for income-focused investors.
What is TPL's return on equity?
Texas Pacific Land Corporation (TPL) has a return on equity (ROE) of 37.2%. This is excellent, indicating efficient use of shareholder capital.
What is Texas Pacific Land Corporation's free cash flow?
Texas Pacific Land Corporation (TPL) generated $493.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.