Texas Pacific Land Corporation (TPL)

Over the past six months, Texas Pacific Land Corp. stock has seen significant movement. As of June 24, 2025, the share price was $1,059.94, representing an increase of 41.28% from June 25, 2024. The stock closed at $1,056.39 on June 30, 2025. TPL reached its all-time high of $1,769.14 on November 24, 2024. Key events impacting the stock include a three-for-one stock split, strong 2024 performance, record production and financial results, a dividend increase, mineral interest acquisitions, earnings announcements, and inclusion in the S&P 500.

The business of Texas Pacific Land Corp. is generally not considered seasonal in nature. Revenues from oil and gas royalties can fluctuate based on market prices and production decisions. Demand for TPL's water products and services is substantially dependent on the expenditures of its customers for oil and natural gas exploration, development, and production, which are sensitive to future oil and natural gas prices and economic growth.

Texas Pacific Land Corporation is a publicly traded real estate operating company and one of the largest landowners in Texas, with approximately 873,000 to 880,000 acres of land primarily located in West Texas and Southern New Mexico. The company operates in two main segments: Land and Resource Management, and Water Services and Operations. The Land and Resource Management segment generates revenue from oil and gas royalties, easements, commercial leases, renewables, and land and material sales. The Water Services and Operations segment provides comprehensive water offerings to operators in the Permian Basin, including water sourcing, produced-water treatment, infrastructure development, and disposal solutions. TPL's sector is primarily Energy, with its industry being Real Estate and Forestry, or more specifically, Oil, Gas & Consumable Fuels.

Texas Pacific Land Corp.'s geographic footprint is concentrated in West Texas and Southern New Mexico. The company owns approximately 873,000 to 880,000 surface acres across 20 to 22 counties in this region, with the majority of its land and oil and gas royalty interests located in the Permian Basin.

Texas Pacific Land Corp. maintains a positive reputation due to its asset-light business model, strong financial position, and strategic land holdings. The company's record financial performance in 2024, strategic acquisitions, dividend increase, exploration of new revenue streams, inclusion in the S&P 500 index, and commitment to sustainable water development have positively affected its reputation. While its valuation is often noted as high, its superior margins and cash return capabilities are seen by some as justifying the premium.

Texas Pacific Land Corporation has significant institutional ownership, with 1,350 to 1,358 institutional owners and shareholders holding approximately 19.4 million shares. Institutional investors own over 50%, and as high as 71%, of the company. Major institutional owners include Horizon Kinetics Asset Management Llc, Vanguard Group Inc, and BlackRock, Inc. The general public holds approximately 29% ownership, while insiders own less than 1% of the company.