NYSE: TPL
Texas Pacific Land Corporation
Energy · Oil & Gas Exploration & Production
After hours: $343.69(+0.89%) · as of 7:58 PM ET
Market Cap
$23.50B
52w High
$547.20
52w Low
$269.23
P/E
43.44
Volume
413.82K
Outstanding Shares
68.97M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 17.81% over the last year. Revenue grew 20.82% over the trailing twelve months. Operating margin moved from 75.88% to 74.92%. Free cash flow grew 84.61% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 38th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 74.92%. Revenue grew 20.82% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services.
Valuation
Stock splits
Every 1 shares became 3
Every 1 shares became 3
Every 1 shares became 5
Every 1 shares became 3
Every 1 shares became 2
Profitability & growth
Analyst consensus
3
Buy
1
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 4, 2026
Q4 FY26 · EPS est $2.12 · Revenue est $248M
View
Dividends
$0.60/shareAnnualEx-div Sep 1, 2026 · in 24dSafeTPL pays a dividend with a 0.18% declared yield, covered 3.3× by free cash flow.
Declared Yield
0.18%
Annual Div / Share
$0.60
TTM $1.91
5yr CAGR
-31.49%
Dividend has been cut
Payout Ratio
36.67%
Safe
Dividend Growth Rate
3yr CAGR
-34.14%
5yr CAGR
-31.49%
10yr CAGR
+49.34%
Dividend History
Annual dividends paid per share
Income Projection
Today
$0/mo
In 5 yrs
$0/mo
In 10 yrs
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$2/yr $0/mo | $2/yr $0/mo | $2/yr $0/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 3.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -31.49% is negative, indicating the payout has been cut over this period.