TPL

In Q1 2026, TPL announced record quarterly revenue and net income, with GAAP EPS of $2.07 exceeding analyst expectations and revenue of $236.8 million up 20.8% year-over-year, also reporting a $42.5 million land sale and water supply agreement for a power generation plant. In Q2 2026, TPL reported EPS of $2.23, beating estimates, and record revenue of $246.1 million, a 31% increase from the previous year. The company also announced a land and water solutions agreement with Chevron for a large-scale power project in June 2026. An upcoming dividend of $0.60 per share was announced in August 2026. In September 2026, TPL's stock experienced a decline of about 6% over one week and roughly 3% over one month, despite a 17% year-to-date return, with a 5.49% drop on September 23, 2026. During September 2026, Horizon Kinetics Asset Management LLC, a 10% owner, made several small purchases of TPL common stock, and State Street Corp also increased its position.