Texas Pacific Land Corp. (TPL): price, analyst ratings, earnings and fundamentals
Updated 16 October 2026, 06:50 ET
Texas Pacific Land Corp. (TPL) closed at $346.52 on 15 October 2026, down 2.3%. The stock is down 0.6% over one month and up 14.8% over one year. It trades 36.7% below its 52-week high of $547.20. The company last reported on 5 August 2026 for Q2 2026: EPS of $2.23 against an estimate of $2.25, a miss of 0.9%, on revenue of $246.1 million.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open TPL in FundSpec.
Analyst ratings
No analyst action on TPL was recorded in the last 90 days; the most recent is from 23 February 2026.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 23 Feb 2026 | Keybanc | Maintains Overweight | $350.00 to $639.00 |
| 2 Dec 2025 | Keybanc | Initiates Coverage On Overweight | $350.00 |
| 12 Aug 2024 | BWS Financial | Maintains Buy | $305.67 |
| 10 May 2024 | BWS Financial | Maintains Buy | $305.67 |
| 2 Apr 2024 | BWS Financial | Maintains Buy | $305.67 |
| 23 Jan 2024 | Stifel | Maintains Hold | $173.11 to $157.11 |
| 30 Nov 2023 | Stifel | Maintains Hold | $179.22 to $173.11 |
| 24 Jul 2023 | Stifel | Maintains Hold | $153.11 to $152.33 |
| 22 May 2023 | Stifel | Maintains Hold | $155.44 to $153.11 |
| 27 Apr 2023 | Stifel | Maintains Hold | $155.11 to $155.44 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 4 November 2026 after the close for Q3 2026, with EPS expected at $2.33 on revenue of $258.4 million. Texas Pacific Land Corp. beat the EPS estimate in 2 of its last 5 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 5 Aug 2026 | $2.25 | $2.23 | -0.89% | $246.1M |
| Q1 2026 | 6 May 2026 | $2.02 | $2.07 | +2.48% | $236.8M |
| Q4 2025 | 18 Feb 2026 | $1.77 | $1.79 | +1.13% | $211.6M |
| Q3 2025 | 5 Nov 2025 | $1.92 | $1.76 | -8.33% | $203.1M |
| Q2 2025 | 6 Aug 2025 | $1.68 | $187.5M | ||
| Q1 2025 | 7 May 2025 | $1.75 | $196.0M | ||
| Q4 2024 | 19 Feb 2025 | $1.71 | $185.8M | ||
| Q3 2024 | 6 Nov 2024 | $1.78 | $1.54 | -13.48% | $173.6M |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 June 2026, Texas Pacific Land Corp. reported revenue of $246.1 million and net income of $153.9 million. On a trailing twelve month basis the company shows revenue growth of 20.82%, a gross margin of 85.65%, an operating margin of 74.92% and a return on equity of 36.57%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $246,059,000 |
| Selling, General & Administrative Expenses | $8,004,000 |
| Depreciation & Amortization | $16,639,000 |
| Total Operating Expenses | $54,242,000 |
| Operating Profit | $191,817,000 |
| Interest Expense | $973,000 |
| Pre-tax Income | $193,698,000 |
| Income Tax Expense | $39,768,000 |
| Net Income | $153,930,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $172,859,000 |
| Stock-based Compensation | $4,388,000 |
| Cash from Investing Activities | -$130,976,000 |
| Cash from Financing Activities | -$41,437,000 |
| Dividends Paid | $41,387,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $248,612,000 |
| Prepaid Expenses | $5,062,000 |
| Total Current Assets | $428,444,000 |
| Plant, Property & Equipment, Net | $182,877,000 |
| Operating Lease Right-of-Use Assets | $13,130,000 |
| Goodwill Intangible Assets, Net | $31,675,000 |
| Total Assets | $1,859,474,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Income Taxes Payable | $28,933,000 |
| Deferred Liability Charges | $18,986,000 |
| Total Current Liabilities | $94,125,000 |
| Operating Lease Liabilities, Long-term | $15,513,000 |
| Long-term Deferred Liability Charges | $18,036,000 |
| Deferred Income Taxes | $59,298,000 |
| Total Liabilities | $187,076,000 |
| Common Stock | $691,000 |
| Additional Paid In Capital | $7,011,000 |
| Retained Earnings | $1,793,936,000 |
| Treasury Stock | -$132,673,000 |
| Other Accumulated Comprehensive Income | $3,433,000 |
| Total Stockholders Equity | $1,672,398,000 |
| Total Liability & Stockholders Equity | $1,859,474,000 |
Figures as filed with the SEC for the period ended 30 June 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Liquidity
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Cash Ratio | 2.64 | 86th | Calculated as the ratio of Cash and cash equivalents / Current liabilities. This metric calculates the company's ability to repay its short-term debt |
| Current Ratio | 4.55 | 86th | Calculated as the ratio of Current Assets / Current Liabilities. The higher the current ratio, the more capable the company is of paying its obligations |
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.00 | 17th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.00 | 14th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Degree of Combined Leverage | 0.93 | 55th | This ratio summarizes the combined effect that the degree of operating leverage (DOL) and the degree of financial leverage have on earnings per share (EPS), given a particular change in sales |
| Degree of Financial Leverage | 1.00 | 55th | Calculated as the ratio of Percentage change in EPS / Percentage change in EBIT. A higher degree of financial leverage means that the company has more volatile EPS. |
| Degree of Operational Leverage | 0.93 | 57th | Calculated as the ratio of Percentage change in EBIT / Percentage change in revenue. It is a measure of how earnings for the company is impacted by its sales activity. |
Earnings Growth (EBIT)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBIT Pct Growth | 19.3% | 45th | The EBIT growth rate over the trailing twelve months (TTM) |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Gross Margin Pct | 85.6% | 93rd | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| Operating Margin Pct | 74.9% | 99th | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| Operating Profit Pct Growth | 19.3% | 61st | The Operating Profit growth rate over the trailing twelve months (TTM) |
| Operating Profit Pct Growth 3 year CAGR (FY) | 9.5% | 59th | The Operating Profit compound annual growth rate (CAGR) over the past 3 years |
| Operating Profit Pct Growth 5 year CAGR (FY) | 22.4% | 83rd | The Operating Profit compound annual growth rate (CAGR) over the past 5 years |
| PreTax Margin Pct | 76.2% | 96th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 33.2% | 98th | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 36.6% | 93rd | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | 35.9% | 96th | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 17.3% | 56th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | 9.1% | 60th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 22.3% | 82nd | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Cashflow Pct Growth | 15.4% | 57th | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | 10.2% | 60th | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | 24.8% | 87th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 20.8% | 76th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 11.3% | 69th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 22.2% | 84th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 20.9% | 69th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open TPL in FundSpec.
Insider activity
In the last 90 days insiders filed 52 transactions. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 5 shares by Peter Doyle, Director on 15 September 2026, worth about $1,858 at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 29 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 4 | $340.96 | $1K |
| 28 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $340.12 | $340 |
| 25 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $339.72 | $340 |
| 24 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $340.28 | $340 |
| 23 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $352.95 | $353 |
| 22 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $361.36 | $361 |
| 21 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $348.98 | $349 |
| 18 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $351.34 | $351 |
| 17 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $349.35 | $349 |
| 16 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $352.36 | $352 |
| 15 Sep 2026 | Peter Doyle | Director | P | 5 | $371.64 | $2K |
| 15 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $370.59 | $371 |
| 14 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $371.73 | $372 |
| 11 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $367.88 | $368 |
| 10 Sep 2026 | Kinetics Asset Management Llc Horizon | 10% Owner | P | 1 | $366.18 | $366 |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 5 August 2026.
| Filed | Form | Document |
|---|---|---|
| 5 Aug 2026 | 10-Q | View on sec.gov |
| 6 May 2026 | 10-Q | View on sec.gov |
| 18 Feb 2026 | 10-K | View on sec.gov |
| 5 Nov 2025 | 10-Q | View on sec.gov |
| 6 Aug 2025 | 10-Q | View on sec.gov |
| 7 May 2025 | 10-Q | View on sec.gov |
| 19 Feb 2025 | 10-K | View on sec.gov |
| 6 Nov 2024 | 10-Q | View on sec.gov |
| 7 Aug 2024 | 10-Q | View on sec.gov |
| 8 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- REITs and Investment Holdings
- Industry
- Trading
- Chief executive
- Tyler Glover
- Employees
- 100
- Website
- texaspacific.com
- SEC CIK
- 0001811074
Texas Pacific Land Corporation engages in land and resource management, and water services and operations businesses. Land and Resource Management segment manages approximately 880,000 acres of land. Water Services and Operations segment provides full-service water offerings to operators in the Permian Basin.
Sector and peers
Texas Pacific Land Corp. is part of the REITs and Investment Holdings sector, which FundSpec tracks across 179 companies.
Companies in the same industry by market capitalization:
AVB AvalonBay Communities Inc.DOC Healthpeak Properties, Inc.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for TPL are available to subscribers, with the same screen in the iOS and Android apps.
Open TPL in FundSpec