TPL
EnergyTexas Pacific Land Corporation · Oil & Gas Exploration & Production · $28B
What is Texas Pacific Land Corporation?
Texas Pacific Land Corporation is one of the largest private landowners in Texas, generating revenue through land management, royalty interests, and water services across the Permian Basin.
TPL earns income by leasing its vast West Texas acreage for oil, gas, and infrastructure use, collecting royalties on hydrocarbons produced beneath its land, and providing full-service water solutions — including sourcing, treatment, and disposal — to Permian Basin operators. The business requires minimal capital relative to the cash it generates.
Founded in 1888 and headquartered in Dallas, Texas.
- Nonparticipating perpetual oil and gas royalty interests
- Land leasing for easements, pipelines, and facilities
- Water sourcing, treatment, and disposal services
- Commercial and subsurface leases
Is TPL a Good Stock to Buy?
UQS Score rates TPL as Good overall.
TPL's Quality and Risk pillars both score Strong, reflecting a business model that generates revenue without bearing direct drilling costs. Growth registers as Good, supported by ongoing Permian Basin activity across its acreage.
Valuation is rated Elevated, meaning the market appears to price in much of the upside already — a consideration for value-focused investors.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does TPL pay dividends?
Yes — Texas Pacific Land Corporation pays a dividend.
TPL pays a regular dividend, consistent with its asset-light, high-margin royalty model. The company's land and royalty income provides a relatively stable cash flow base that supports ongoing distributions to shareholders.
When does TPL report earnings?
Texas Pacific Land Corporation reports earnings on a quarterly cadence, typical for US-listed equities.
TPL's results tend to track Permian Basin drilling activity and commodity prices, given its royalty-heavy revenue mix. The water services segment adds a recurring service component that can partially offset commodity-driven swings.
For the most recent quarter's results, visit Texas Pacific Land Corporation's investor relations page.
TPL Price History
+193.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Texas Pacific Land Corporation?
Based on Texas Pacific Land Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does Texas Pacific Land Corporation do?
TPL manages roughly 880,000 acres of West Texas land, collecting royalties on oil and gas production beneath its surface, leasing land for pipelines and infrastructure, and providing water services to Permian Basin operators. It earns revenue without directly drilling or producing hydrocarbons.
Does TPL pay dividends?
Yes, TPL pays a regular dividend. Its asset-light royalty model generates cash flow that supports consistent distributions. For current dividend details, check TPL's investor relations page or your brokerage.
When does TPL report earnings?
TPL follows a standard quarterly reporting schedule. For the exact date of the next earnings release, refer to Texas Pacific Land Corporation's investor relations page.
Is TPL a good stock to buy?
UQS Score rates TPL as Good, with Strong marks on Quality and Risk. However, Valuation is rated Elevated, which may concern investors seeking a margin of safety. The full pillar breakdown is available to UQS Pro members.
Is TPL overvalued?
TPL's Valuation pillar is rated Elevated within the UQS framework, suggesting the market is pricing in significant future performance. Whether that premium is justified depends on Permian Basin activity and long-term royalty income trends.
What is TPL's market cap bracket?
Texas Pacific Land Corporation is classified as a large-cap company, reflecting its substantial land holdings and the premium the market places on its unique royalty-based business model.
Who founded Texas Pacific Land Corporation?
Texas Pacific Land Corporation traces its origins to 1888, when it was established to manage land granted to the Texas and Pacific Railway. Its long history makes it one of the oldest publicly traded land companies in the United States.
Is TPL a long-term quality indicator?
As a long-term quality indicator, TPL scores well on Quality and Risk pillars — attributes that matter for durable businesses. The Elevated Valuation rating is worth monitoring over time. UQS Pro members can access the complete analysis.
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Pro Analysis
TPL — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 60.6 | 74.0 | 41.0 | 61.4 | 100.0 | 30.4 | -0.2 |
| May 19, 2026 | 60.8 | 74.1 | 41.0 | 61.4 | 100.0 | 31.9 | -0.1 |
| May 16, 2026 | 60.9 | 74.1 | 41.0 | 61.4 | 100.0 | 32.3 | 0.0 |
| May 15, 2026 | 60.9 | 74.1 | 41.0 | 61.4 | 100.0 | 32.1 | -0.1 |
| May 14, 2026 | 61.0 | 74.1 | 41.0 | 61.4 | 100.0 | 33.2 | +0.3 |
| May 12, 2026 | 60.7 | 74.0 | 41.0 | 61.4 | 100.0 | 31.5 | -0.2 |
| May 11, 2026 | 60.9 | 74.0 | 41.0 | 61.4 | 100.0 | 32.4 | +3.1 |
| May 7, 2026 | 57.8 | 73.6 | 41.0 | 61.4 | 82.4 | 30.5 | +0.1 |
| May 3, 2026 | 57.7 | 73.6 | 41.0 | 61.4 | 82.4 | 29.5 | 0.0 |
| Apr 26, 2026 | 57.7 | 73.6 | 41.0 | 61.4 | 82.4 | 29.3 | -0.1 |
TPL — Pillar Breakdown
Quality
— 74.0/100 (25%)Texas Pacific Land Corporation shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 61.4/100 (20%)Texas Pacific Land Corporation demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 100.0/100 (15%)Texas Pacific Land Corporation carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 30.5/100 (15%)Texas Pacific Land Corporation appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 41/100 (25%)Texas Pacific Land Corporation possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for TPL.
Score Composition
Financial Data
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How is the TPL UQS Score Calculated?
The UQS (Unified Quality Score) for Texas Pacific Land Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Texas Pacific Land Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Texas Pacific Land Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.