# Texas Pacific Land Corporation (TPL)

> Source: Nexqual · https://nexqual.com/TPL · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Texas Pacific Land Corporation (TPL), nexqual.com/TPL" · informational, not investment advice.

**Price:** USD 346.52 (-2.27% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 354.57 · day 343.06–356.9 · 52w 269.23–547.2 · market cap $23.9B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $898M, net income $541M (60.3% margin) (SEC filings).
- Valuation: P/E 44.1x (avg 42.4x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (2 analysts), mean target USD 443 (range 247–639).
- Total return with dividends: 1Y +11.5% vs S&P 500 +18.1%; 5Y +170.8% vs S&P 500 +85.1%.
- Next earnings: 2026-11-04, EPS estimate USD 2.33, revenue estimate $257M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $451M | $667M | $632M | $706M | $798M | $898M |
| Operating income | $362M | $562M | $486M | $539M | $592M | $672M |
| Net income | $270M | $446M | $406M | $454M | $481M | $541M |
| EPS (diluted) | $3.87 | $6.42 | $5.86 | $6.57 | $6.97 | — |
| Free cash flow | $249M | $428M | — | — | — | — |
| Operating margin | 80.4% | 84.3% | 77.0% | 76.4% | 74.2% | 74.9% |
| Net margin | 59.9% | 66.9% | 64.2% | 64.3% | 60.3% | 60.3% |
| Revenue growth | +49.0% | +48.0% | -5.4% | +11.8% | +13.1% | — |
| Cash + short-term investments | $428M | $511M | $725M | $370M | $145M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 44.1x · P/S 26.6x · P/B 14.3x · Earnings yield 2.27% · Dividend yield (paid, TTM) 0.66% · Buyback yield (TTM) 0.03%
P/E at fiscal year-ends: Dec 2025 41.2x, Dec 2024 56.1x, Dec 2023 29.8x.

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 2 analysts; mean target USD 443 (low 247, high 639).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +11.5% | +170.8% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +11.5% | +22.0% |
| Volatility (annualized) | 48.8% | 46.3% |
| Max drawdown | -39.5% (Mar 2026→Sep 2026) | -52.3% (Nov 2022→Jun 2023) |

## Peers (Oil & Gas E&P)
EXE (Expand Energy Corporation) USD 90.8 -1.70% · PR (Permian Resources Corporation) USD 23.61 -2.68% · OVV (Ovintiv Inc. (DE)) USD 66.13 -0.80% · EQT (EQT Corporation) USD 52.45 -3.64% · APA (APA Corporation) USD 47.23 -1.62% · AR (Antero Resources Corporation) USD 36.44 -2.93%

## More
Full page: https://nexqual.com/TPL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt