Texas Pacific Land Corporation (TPL)
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-11-04
$287.65-13.36%
Close 2026-11-04 · 1-day change
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-11-04
QuarterlyIQ Insights · TPL
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within energy on a research-validated quality screen. As of 2026-11-04.
The screen ranks TPL against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Energy names rated neutral grew net income 56% of the time over the next year (vs 57% for the rest of the cohort, n=2345).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Met or beat guidance 100% of the last 1 guided quarters · 7.7% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Finally, our efforts towards data centers, power generation, and produced water desalination and beneficial reuse continue to progress, and we are steadfastly working to advance those into meaningful…
Stated in 5 of 8 supplied quarters. Management reported: “Inc., a subsidiary of Chevron Corporation (NYSE: CVX) (“Chevron”) to provide land and brackish water resources for Chevron’s recently announced development known as Project Kilby, involving a large-scale power generation facility Chevron is developing to support a customer data center in Reeves County, Texas.” “• Announced an agreement with Chevron U.S.A.”
“Finally, our efforts towards data centers, power generation, and produced water desalination and beneficial reuse continue to progress, and we are steadfastly working to advance those into meaningful…”
“In addition, we acquired land in Shackelford and Jones Counties, Texas as we expand our data center and power generation efforts to areas beyond the immediate Permian Basin.”
““For the first quarter of 2026, TPL’s core business performance remained strong, and we are closing in on significant milestones in our emerging opportunities in produced water desalination and land…”
“In addition, we have made substantial progress with next-generation opportunities in data centers and produced water desalination, and we plan to continue deploying resources to accelerate commercial…”
“"Beyond our legacy business, we are keenly pursuing various next-gen growth prospects and continue to advance commercial discussions across numerous opportunities.”
• Completed construction and commenced commissioning of the Phase 2B produced water desalination facility in Orla, Texas with anticipated capacity of 10,000 inlet barrels per day.
Stated in 5 of 8 supplied quarters. Management reported: “• Completed construction and commenced commissioning of the Phase 2B produced water desalination facility in Orla, Texas with anticipated capacity of 10,000 inlet barrels per day.” “• Announced an agreement with Chevron U.S.A.”
• Announced an agreement with Chevron U.S.A.
Stated in 3 of 8 supplied quarters. Management reported: “• Announced an agreement with Chevron U.S.A.” “• Announced an agreement with Chevron U.S.A.”
“• Announced an agreement with Chevron U.S.A.”
“Oil and gas royalty production also reached a quarterly record.”
• Announced an agreement with Chevron U.S.A.
Stated in 3 of 8 supplied quarters. Management reported: “• Announced an agreement with Chevron U.S.A.” “• Announced an agreement with Chevron U.S.A.”
“• Announced an agreement with Chevron U.S.A.”
““Record quarterly revenues and net income for our Water Services and Operations segment are the product of our past investments, ongoing commercial efforts, and strategic acquisitions since its incep…”
• Announced an agreement with Chevron U.S.A.
Stated in 3 of 8 supplied quarters. Management reported: “• Announced an agreement with Chevron U.S.A.” “• Announced an agreement with Chevron U.S.A.”
“• Announced an agreement with Chevron U.S.A.”
“TPL still maintains a net cash position and a fully undrawn $500 million credit facility, providing the Company ample liquidity to invest countercyclically across royalty, land, and water and to expa…”
Over the trailing year it converted 1.18x of net income into operating cash flow. Historically, Energy names rated fragile grew net income 37% of the time over the next year (vs 48% for the rest of the cohort, n=993).
Not enough signal yet.
Not enough signal to read sensitivity to the US dollar, the broad stock market, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates (low R² over the window).
7 material management or governance events in the past 24 months, led by executive changes. Historically, Energy names rated stable grew net income 61% of the time over the next year (vs 57% for the rest of the cohort, n=1671).
Not investment advice. As of 2026-11-04.
“• Completed construction and commenced commissioning of the Phase 2B produced water desalination facility in Orla, Texas with anticipated capacity of 10,000 inlet barrels per day.”
“Furthermore, we have completed construction and begun commissioning on our 10,000 barrel per day produced water desalination test facility in Orla, Texas.”
“In addition, our 10,000 barrel per day produced water desalination R&D test facility in Orla, Texas is nearing completion and is on track to receive its first inlet barrels in the coming weeks.””
“In addition, we have made substantial progress with next-generation opportunities in data centers and produced water desalination, and we plan to continue deploying resources to accelerate commercial…”
“With produced water management becoming an increasing focal point across the Permian, we have led the industry in procuring out-of-basin pore space for disposal, developing proprietary produced water…”
“Throughout 2024, we deployed over $400 million towards accretive, high-quality royalty interests and surface assets, providing an incremental growth tailwind.”
“With produced water management becoming an increasing focal point across the Permian, we have led the industry in procuring out-of-basin pore space for disposal, developing proprietary produced water…”
“With our unmatched footprint overlapping premier hydrocarbon and non-hydrocarbon natural resources, TPL remains well-positioned to drive accretive growth.””