YouTube · Q1 2026 · 2026-05-02
TPL · NYSE
Texas Pacific Land Corporation
Oil & Gas E&P · United States
USD 347.430.7% daily changeQuote 2026-10-06 · USD
- Market cap (USD)
- US$23.96B
- Trailing P/E
- 44.31x
- Forward P/E
- 4.75x
- Quarterly revenue growth
- 31.2%
- Trailing net margin
- 60.3%
- Indicated dividend yield
- 0.7%
Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-11-04 (provider estimate, not issuer-confirmed).
Company background
Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The Land and Resource Management segment manages surface acres of land, and oil and gas royalty interest in Permian Basin. This segment also engages in easements, such as transporting oil, gas and related hydrocarbons, power line and utility, and subsurface wellbore easements. In addition, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche, sand, and other material, as well as sells land. The Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water treatment, infrastructure development, and disposal solutions to operators in the Permian Basin. This segment also holds produced water royalties. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 33,000 additional net royalty acres, total of approximately 224,000 NRA located in the Permian Basin. The company was founded in 1888 and is headquartered in Dallas, Texas.
Company websiteQ2 2026
Go beyond the headline.
Texas Pacific Land (TPL): A Record Quarter That Fell 7% - And Our Bull Case Is The Price
Published 2026-08-07
Comparable businesses
TPL peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | TPLTexas Pacific Land CorporationSnapshot 2026-10-06Financial period: 2026-06-30 | EXEExpand Energy CorporationSnapshot 2026-10-06Financial period: 2026-06-30 | EQTEQT CorporationSnapshot 2026-10-06Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$23.96B | US$19.92B | US$31.95B | US$25.94Bn=2 |
| Forward P/EProvider forward earnings estimate | 4.75x | 10.04x | 13.55x | 11.79xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 31.75x | 3.43x | 5.88x | 4.66xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 31.2% | -10.6% | -3.9% | -7.2%n=2 |
| Operating marginLatest reported quarter | 78.2% | 26.3% | 23.4% | 24.8%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | -0.1% | 7.4% | 7.7% | 7.5%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | -0.31x | 0.46x | 0.79x | 0.62xn=2 |
| Debt / equityTotal debt / positive book equity | 0.01x | 0.19x | 0.20x | 0.19xn=2 |
| Trailing P/ETrailing twelve-month earnings | 44.31x | 7.42x | 11.85x | 9.64xn=2 |
| Price / bookPrice / positive book equity per share | 14.33x | 1.04x | 1.27x | 1.15xn=2 |
| EV / salesEnterprise value / trailing revenue | 26.23x | 1.82x | 4.42x | 3.12xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 32.7% | -45.5% | -74.0% | -59.8%n=2 |
| Gross marginTrailing twelve months | 93.3% | 47.1% | 80.7% | 63.9%n=2 |
| Net marginTrailing twelve months | 60.3% | 22.0% | 29.2% | 25.6%n=2 |
| Return on equityProvider trailing return; positive equity only | 36.6% | 14.9% | 11.1% | 13.0%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | -3.7% | 11.6% | 26.5% | 19.0%n=2 |
| Dividend yieldIndicated annual dividend / price | 0.7% | 2.7% | 1.3% | 2.0%n=2 |
| Earnings payoutProvider trailing dividend payout | 28.9% | 27.5% | 15.1% | 21.3%n=2 |
| Current ratioCurrent assets / current liabilities | 4.55x | 0.96x | 0.67x | 0.82xn=2 |
| BetaProvider historical market sensitivity | 0.59 | 0.40 | 0.65 | 0.52n=2 |
YouTube · Q1 2026 · 2026-05-02
YouTube · Q2 2026 · 2026-07-22
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
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Revenue
Reported figures
Financial data & calculation notes
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Market context
Valuation & price history
Adjusted closing price
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Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for TPL
Q2 20262026-08-07
Texas Pacific Land (TPL): A Record Quarter That Fell 7% - And Our Bull Case Is The Price
Presentation · 2026-08-07 · YouTube
Q1 20262026-05-09
TPL Stock: Revenue Misses by 1% — Q1 2026 Earnings Analysis
Presentation · 2026-05-09 · YouTube