Texas Pacific Land Corporation (TPL)

In the past six months, TPL announced its first-quarter 2025 financial results after the market closed on May 7, 2025, during which insiders acquired approximately $744,370 worth of shares. In June 2025, further insider purchases totaling $11,205 were reported. TPL reported its second-quarter 2025 earnings on August 6, 2025, missing both EPS and revenue forecasts, leading to a stock price drop of 7.43%. In August 2025, TPL announced a dual listing on the newly launched NYSE Texas, and Director Eric L. Oliver acquired 100 shares of TPL stock. As of October 1, 2025, the stock price was $957.98, representing a 1.66% increase over the past 30 days, but underperforming the S&P 500 from late September 2024 to September 24, 2025. On October 3, 2025, the stock price fell by 2.26% to $945.89, and analysts have given TPL a consensus "Hold" rating.

The business of Texas Pacific Land Corp. is generally not seasonal in nature, but revenues derived from oil and gas royalties can fluctuate based on market prices and production decisions made by operators on TPL's land. Other revenue streams, such as water sales and royalties, easements, and land sales, may also experience periodic fluctuations, and the company's results are largely dependent on the decisions and actions of third-party operators.

Texas Pacific Land Corp. primarily engages in land and resource management and water services and operations, with its main revenue stream being royalties from oil and gas. The company also earns revenue from easements for pipelines, power lines, and subsurface wellbores, commercial leases, and the sale of materials like caliche. Through its subsidiary, Texas Pacific Water Resources LLC, it provides comprehensive water offerings to operators in the Permian Basin.

TPL is one of the largest private landowners in Texas, holding approximately 873,000 to 880,000 surface acres across 20 West Texas counties, with its land and oil and gas royalty interests principally concentrated in the Permian Basin.

Texas Pacific Land Corporation emphasizes its commitment to sustainability and ESG objectives, releasing its inaugural ESG disclosure in 2021. TPL's environmental strategy focuses on energy efficiency, emissions management, and ecological due diligence, including the electrification of its water operations and exploration of carbon capture projects. While TPL positions itself as a leader in environmental sustainability, some analyses question the sufficiency of its ESG commitments, noting its continued reliance on fossil fuel-driven revenue and the indirect nature of its ESG efforts. There have been no specific negative events or controversies significantly impacting TPL's brand reputation reported in the past year.

Texas Pacific Land Corporation has a diverse ownership structure, with institutional investors holding a significant portion of the company's shares, accounting for approximately 43.30% to 79.19% of the company’s stock. Major institutional owners include Horizon Kinetics Asset Management LLC, Vanguard Group Inc, BlackRock, Inc., State Street Corp, and Geode Capital Management, Llc. Individual insider ownership stands at around 11.98%, with Murray Stahl being the largest individual shareholder, owning 3.10 million shares, representing 13.51% of the company. Retail investors and public companies hold the remaining shares.