Texas Pacific Land Corporation (TPL)

TPL's share price experienced a decline of 15.43% between October 25, 2024, and October 24, 2025, and has dropped approximately 50% from its all-time highs. In August 2025, TPL reported second-quarter earnings and revenue that fell short of market expectations. The company announced its preparation for a dual listing on the NYSE Texas exchange, while maintaining its primary listing on the New York Stock Exchange. In October 2025, Tudor Pickering upgraded Texas Pacific Land to a "strong sell" rating. Director Eric L. Oliver acquired 100 shares of TPL stock in August 2025. In October 2025, Texas Pacific Land Corporation secured a $500 million revolving credit facility.

Demand seasonality for Texas Pacific Land Corp.'s products and services is primarily influenced by the dynamics of the oil and natural gas market. TPL's revenue from oil and gas royalties is directly tied to commodity prices and the level of drilling and production activity in the Permian Basin. The water services segment also experiences demand fluctuations linked to drilling operations.

Texas Pacific Land Corp. is a real estate operating company focused on land and resource management, and water services, based in Dallas, Texas. The company operates in the Energy sector, specifically in the Oil & Gas Exploration & Production industry, and also has ties to the Real Estate and Forestry industries. TPL collects royalties from oil and natural gas extracted by other operators on its land. Through its subsidiary, Texas Pacific Water Resources, LLC, TPL provides comprehensive water offerings to operators in the Permian Basin, including brackish water sourcing, produced-water treatment, infrastructure development, water recycling, and disposal solutions. The company sells portions of its land and grants easements for infrastructure projects. TPL also generates revenue from the sale of materials like caliche and sand.

Texas Pacific Land Corp. owns over 880,000 acres across 20 West Texas counties, making it one of the largest private landowners in Texas. Its operations are predominantly concentrated in the Permian Basin.

Texas Pacific Land Corp. is known for its extensive land ownership and asset-light royalty-based business model in the Permian Basin. Its strong financial performance has historically contributed to a positive perception among investors. However, recent events, including stock underperformance, a "strong sell" rating from Tudor Pickering, and missed Q2 2025 earnings, have introduced some challenges to its standing. TPL's long-term resilience and strategic positioning in the Permian Basin are often highlighted as strengths.

Institutional shareholders hold a significant portion of the company's stock, with approximately 59.94% to 71.17% ownership. Major institutional owners include Horizon Kinetics Asset Management LLC, Vanguard Group Inc., BlackRock, Inc., and State Street Corp. The largest individual shareholder is Murray Stahl, owning 13.51% of the company's shares. Insiders collectively own approximately 11.98% to 22.27% of the stock, while retail investors hold around 6.57% to 48.16%.