Texas Pacific Land Corporation (TPL)
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
$362.42-1.11%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
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 2026-09-04.
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 57% of the time over the next year (vs 56% for the rest of the cohort, n=2314).
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.
Continue acquiring land in Texas counties to support data center and power generation projects beyond the Permian Basin.
Stated in 2 of last 2 quarters. Management emphasized land acquisitions in Shackelford and Jones Counties to support data center and power generation projects beyond the Permian Basin. The company spent $110.2 million on these acquisitions in 2026-Q2. This reflects delivering on the stated expansion priority.
“Acquired land in Shackelford and Jones Counties, Texas as we expand our data center and power generation efforts beyond the Permian Basin.”
“Entered into an arrangement with a developer of a power generation plant to support data center operations.”
Advance construction and commissioning of a 10,000 barrel per day produced water desalination test facility in Orla, Texas.
Stated in 4 of last 4 quarters. Management has consistently highlighted the development and commissioning of a 10,000 barrel per day produced water desalination test facility in Orla, Texas. Construction began in 2025-Q3 and commissioning started by 2026-Q2, indicating delivering progress on this product development priority.
“Completed construction and commenced commissioning of Phase 2B produced water desalination facility in Orla, Texas with 10,000 barrel per day capacity.”
Grow oil and gas royalty production volumes and revenue through acquisitions and operational activity in the Permian Basin.
Stated in 6 of last 6 quarters. Oil and gas royalty production increased from 31.1 thousand Boe per day in 2025-Q1 to 39.7 thousand Boe per day in 2026-Q2. Corresponding royalty revenue grew from $206.3 million in first half 2025 to $263.8 million in first half 2026. The trajectory matches management's stated growth priority and shows delivering progress.
“Oil and gas royalty production of 39.7 thousand Boe per day, up from 37.1 thousand Boe per day in prior quarter.”
Increase water sales and produced water royalties revenues through volume growth and pricing improvements.
Stated in 6 of last 6 quarters. Water Services and Operations segment revenues grew from $128.4 million in first half 2025 to $165.5 million in first half 2026. Produced water royalties revenue increased from $58.4 million to $70.6 million over the same period. The trajectory shows delivering growth consistent with management's stated priority.
“Water Services and Operations segment revenues of $82.2 million, produced water royalties revenue of $37.1 million.”
Continue paying quarterly cash dividends with periodic increases reflecting financial performance.
Stated in 6 of last 6 quarters. The company maintained quarterly cash dividends, increasing from $0.53 per share in 2025-Q4 to $0.60 per share in 2026-Q1 and 2026-Q2. This reflects delivering on the capital allocation priority to maintain and grow dividends.
“Quarterly cash dividend of $0.60 per share was paid on June 15, 2026.”
Over the trailing year it converted 1.18x of net income into operating cash flow. Historically, Energy names rated fragile grew net income 36% of the time over the next year (vs 47% for the rest of the cohort, n=996).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates (low R² over the window).
7 material management or governance events in the past 24 months, led by M&A activity. Historically, Energy names rated stable grew net income 59% of the time over the next year (vs 56% for the rest of the cohort, n=627).
Not investment advice. As of 2026-09-04.
“10,000 barrel per day produced water desalination R&D test facility in Orla, Texas is nearing completion and on track to receive first inlet barrels soon.”
“Developed energy-efficient method of produced water desalination and treatment; construction of sub-scale test facility underway.”
“Began construction of 10,000 barrel per day produced water desalination facility in Orla, Texas with estimated service date late 2025.”
“Oil and gas royalty production of 37.1 thousand Boe per day, up from 31.1 thousand Boe per day year over year.”
“Oil and gas royalty production of 37.5 thousand Boe per day, a company record.”
“Oil and gas royalty production of 36.3 thousand Boe per day, a quarterly record.”
“Oil and gas royalty production of 33.2 thousand Boe per day.”
“Oil and gas royalty production of 31.1 thousand Boe per day, a company record.”
“Water Services and Operations segment revenues of $83.3 million.”
“Water Services and Operations segment revenues of $98.2 million.”
“Water Services and Operations segment revenues of $80.8 million, a company record.”
“Water Services and Operations segment revenues of $59.0 million.”
“Water Services and Operations segment revenues of $69.4 million, a company record.”
“Quarterly cash dividend of $0.60 per share was paid on March 16, 2026.”
“Quarterly cash dividend of $0.53 per share was paid on December 15, 2025.”
“Quarterly cash dividend of $1.60 per share was paid on September 16, 2025.”
“Quarterly cash dividend of $1.60 per share was paid on June 16, 2025.”
“Quarterly cash dividend of $1.60 per share was paid on March 17, 2025.”