Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages approximately 880,000 acres of land. This segment also holds oil and gas royalty interests; easements and commercial leases comprising easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; and agreements with operators and midstream companies to lease its land, primarily for facilities and roads. In addition, this segment is involved in material sales, including caliche. The company's Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water gathering/treatment, infrastructure development, disposal solutions, water tracking, analytics, and well testing services to operators in the Permian Basin. This segment also engages in the recycled water operations; and holds royalties for water sourced from its land. The company was founded in 1888 and is headquartered in Dallas, Texas.
IPO Year:
Exchange: NYSE
Website: texaspacific.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/29/2021 | $800.00 | Underperform | Credit Suisse |
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4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
4 - Texas Pacific Land Corp (0001811074) (Issuer)
8-K - Texas Pacific Land Corp (0001811074) (Filer)
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10-Q - Texas Pacific Land Corp (0001811074) (Filer)
8-K - Texas Pacific Land Corp (0001811074) (Filer)
Earnings Call to be held 7:30 am CT on Thursday, November 7, 2024 Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced its financial and operating results for the third quarter of 2024. Third Quarter 2024 Highlights Acquired mineral interests across approximately 4,106 net royalty acres located in the northern Delaware Basin for a purchase price of $120.3 million, net of post-close adjustments, in an all-cash transaction Acquired approximately 4,120 surface acres and other surface-related assets located in the core of the Midland Basin for a purchase price of $45.0 million, in an all-cash transaction Royalty production of 28.3 thousand barrels of oil
Texas Pacific Land Corporation (NYSE:TPL) (the "Company") announced today that the Company will release third quarter 2024 financial results after the market closes on Wednesday, November 6, 2024. A conference call will be held on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least 15 minutes prior to start time: Domestic: 1-8
Acquisition of High-Quality Acreage in Core Regions of the Permian to Generate Accretive Growth Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of an acquisition of Permian oil and gas mineral and royalty interests for $286 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002719080/en/Asset Map (Graphic: Business Wire) The interests span across approximately 7,490 net royalty acres ("NRA") located primarily in the Midland Basin in Martin (~2,220 NRA), Midland (~2,080 NRA), and other counties, with over 80% of the acquired interests adjacent to or overlapping existi
Acquisitions Add High-Quality Assets that are Expected to Generate Attractive Returns Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of two acquisitions for oil and gas mineral interests and surface acreage located in the Permian Basin for an aggregate $169 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827099522/en/Delaware Basin mineral interests (Graphic: Business Wire) TPL acquired mineral interests across approximately 4,106 net royalty acres located in Culberson County, Texas. The acquired mineral interests overlap existing TPL royalty acreage in current
Earnings Call to be held 7:30 am CT on Thursday, August 8, 2024 Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced its financial and operating results for the second quarter of 2024. Second Quarter 2024 Highlights Water Service and Operations segment achieved record performance for the following: Water sales revenue of $40.7 million Produced water royalties revenue of $25.3 million Total segment revenues of $68.3 million Total segment net income of $34.5 million Announced a target cash and cash equivalents balance of approximately $700 million. Above this targeted level, TPL will seek to deploy the majority of its free cash flow toward
Texas Pacific Land Corporation (NYSE:TPL) (the "Company") announced today that the Company will release second quarter 2024 financial results after the market closes on Wednesday, August 7, 2024. A conference call will be held on Thursday, August 8, 2024 at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least 15 minutes prior to start time: Domestic: 1-8
Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced that the Company's Board of Directors approved a $10.00 per share special dividend. The special dividend will be payable on July 15, 2024 to stockholders of record at the close of business on July 1, 2024. "With tailwinds of excellent business execution, supportive fundamentals, and a fortress balance sheet, we're pleased to announce a special dividend, which is the largest in TPL's history and represents a 50% increase compared to the most recent prior split-adjusted special dividend," said Tyler Glover, Chief Executive Officer of the Company. "As we evaluate our current capital structure, capital allocati
Earnings Call to be held 7:30 am CT on Thursday, May 9, 2024 Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced its financial and operating results for the first quarter of 2024. First Quarter 2024 Highlights The Company announces today the development of a new energy-efficient method of produced water desalination and treatment. The Company has successfully conducted a technology pilot and is progressing towards the construction of a larger test facility with an initial capacity of 10,000 barrels of produced water per day. Three-for-one stock split effective March 26, 2024 Net income of $114.4 million, or $4.97 per share (diluted) Revenues of
Texas Pacific Land Corporation (NYSE:TPL) (the "Company") announced today that the Company will release first quarter 2024 financial results after the market closes on Wednesday, May 8, 2024. A conference call will be held on Thursday, May 9, 2024 at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least 15 minutes prior to start time: Domestic: 1-877-407-40
Texas Pacific Land Corporation (NYSE:TPL) (the "Company") today announced that its Board of Directors has approved a three-for-one stock split to be distributed to stockholders as a stock dividend. Each stockholder of record at the close of business on March 18, 2024, will receive two additional shares of common stock of the Company for each share held as of this record date. The new shares will be distributed on March 26, 2024. We expect that trading of the Company's common stock will begin on a stock-split adjusted basis on March 27, 2024. About Texas Pacific Land Corporation Texas Pacific Land Corporation (NYSE:TPL) is one of the largest landowners in the State of Texas with approxim
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Credit Suisse initiated coverage of Texas Pacific Land with a rating of Underperform and set a new price target of $800.00
BWS Financial reiterated coverage of Texas Pacific Land with a rating of Buy and set a new price target of $2,000.00 from $1,700.00 previously
Stifel downgraded Texas Pacific Land from Buy to Hold and set a new price target of $1,359.00
BWS Financial reiterated coverage of Texas Pacific Land with a rating of Buy and set a new price target of $1,700.00 from $1,150.00 previously
BWS Financial reiterated coverage of Texas Pacific Land with a rating of Buy and set a new price target of $1,700.00 from $1,150.00 previously
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE:TPL) will replace Marathon Oil Corp. (NYSE:MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE:MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE:AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE:COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions. Texas Pacific Land and Mueller Industries have company level market capitalizations that are more r
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
Texas Pacific Land Corporation (NYSE:TPL) ("TPL" or the "Company") today announced the appointment of two new members to TPL's board of directors (the "Board") and provided an update on the evaluation of the declassification of the Board. Appointment of new Directors to the Board The Board has appointed Rhys J. Best and Karl F. Kurz as directors, effective April 15, 2022. In connection with these appointments, the Board increased its size to ten (10) directors. Each of Mr. Kurz, who will serve the remainder of the board term vacated by Dana McGinnis in March, and Mr. Best, who will stand for re-election at the 2022 annual meeting of stockholders, each will bring decades of corporate leade
DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL Corporation”) announced today that the reorganization of Texas Pacific Land Trust (the “Trust”) has been completed. The Trust has transferred all of its assets, employees, liabilities and obligations to TPL Corporation and has distributed all of the shares of common stock, par value $0.01, of TPL Corporation (the “Common Stock”) to holders of sub-share certificates in certificates of proprietary interest of the Trust (“sub-share certificates”) on a pro-rata, one-for-one basis in accordance with their interests in the Trust. TPL Corporation is an independent public company that begins “regular way” trading on t
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE:TPL) will replace Marathon Oil Corp. (NYSE:MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE:MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE:AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE:COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions. Texas Pacific Land and Mueller Industries have company level market capitalizations that are more r
Earnings Call to be held 7:30 am CT on Thursday, November 7, 2024 Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced its financial and operating results for the third quarter of 2024. Third Quarter 2024 Highlights Acquired mineral interests across approximately 4,106 net royalty acres located in the northern Delaware Basin for a purchase price of $120.3 million, net of post-close adjustments, in an all-cash transaction Acquired approximately 4,120 surface acres and other surface-related assets located in the core of the Midland Basin for a purchase price of $45.0 million, in an all-cash transaction Royalty production of 28.3 thousand barrels of oil
Texas Pacific Land Corporation (NYSE:TPL) (the "Company") announced today that the Company will release third quarter 2024 financial results after the market closes on Wednesday, November 6, 2024. A conference call will be held on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least 15 minutes prior to start time: Domestic: 1-8
Acquisition of High-Quality Acreage in Core Regions of the Permian to Generate Accretive Growth Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of an acquisition of Permian oil and gas mineral and royalty interests for $286 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002719080/en/Asset Map (Graphic: Business Wire) The interests span across approximately 7,490 net royalty acres ("NRA") located primarily in the Midland Basin in Martin (~2,220 NRA), Midland (~2,080 NRA), and other counties, with over 80% of the acquired interests adjacent to or overlapping existi
Acquisitions Add High-Quality Assets that are Expected to Generate Attractive Returns Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of two acquisitions for oil and gas mineral interests and surface acreage located in the Permian Basin for an aggregate $169 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827099522/en/Delaware Basin mineral interests (Graphic: Business Wire) TPL acquired mineral interests across approximately 4,106 net royalty acres located in Culberson County, Texas. The acquired mineral interests overlap existing TPL royalty acreage in current
Earnings Call to be held 7:30 am CT on Thursday, August 8, 2024 Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced its financial and operating results for the second quarter of 2024. Second Quarter 2024 Highlights Water Service and Operations segment achieved record performance for the following: Water sales revenue of $40.7 million Produced water royalties revenue of $25.3 million Total segment revenues of $68.3 million Total segment net income of $34.5 million Announced a target cash and cash equivalents balance of approximately $700 million. Above this targeted level, TPL will seek to deploy the majority of its free cash flow toward
Texas Pacific Land Corporation (NYSE:TPL) (the "Company") announced today that the Company will release second quarter 2024 financial results after the market closes on Wednesday, August 7, 2024. A conference call will be held on Thursday, August 8, 2024 at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company's website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least 15 minutes prior to start time: Domestic: 1-8
Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced that the Company's Board of Directors approved a $10.00 per share special dividend. The special dividend will be payable on July 15, 2024 to stockholders of record at the close of business on July 1, 2024. "With tailwinds of excellent business execution, supportive fundamentals, and a fortress balance sheet, we're pleased to announce a special dividend, which is the largest in TPL's history and represents a 50% increase compared to the most recent prior split-adjusted special dividend," said Tyler Glover, Chief Executive Officer of the Company. "As we evaluate our current capital structure, capital allocati
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
Earnings Call to be held 7:30 am CT on Thursday, May 9, 2024 Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced its financial and operating results for the first quarter of 2024. First Quarter 2024 Highlights The Company announces today the development of a new energy-efficient method of produced water desalination and treatment. The Company has successfully conducted a technology pilot and is progressing towards the construction of a larger test facility with an initial capacity of 10,000 barrels of produced water per day. Three-for-one stock split effective March 26, 2024 Net income of $114.4 million, or $4.97 per share (diluted) Revenues of
Texas Pacific Land (NYSE:TPL) has outperformed the market over the past 5 years by 21.6% on an annualized basis producing an average annual return of 35.17%. Currently, Texas Pacific Land has a market capitalization of $18.92 billion. Buying $1000 In TPL: If an investor had bought $1000 of TPL stock 5 years ago, it would be worth $4,512.45 today based on a price of $822.77 for TPL at the time of writing. Texas Pacific Land's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automat
Texas Pacific Land's (NYSE:TPL) short percent of float has risen 8.06% since its last report. The company recently reported that it has 877 thousand shares sold short, which is 5.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.38 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere
Growth stocks are experiencing a remarkable resurgence, posting their best month in over a year when compared to value stocks, as the rally in tech and mega caps continues to dominate market dynamics. The iShares Russell 1000 Growth ETF (NYSE:IWF) has surged by 6.5% so far in June 2024. This gain puts it on track for its seventh month of increases in the last eight. Investors have shown elevated confidence in growth-oriented sectors, particularly technology, which continues to benefit from strong earnings reports, heightened expectations for future cash flows and positive market sentiment, especially towards AI-related industries. In stark contrast, the iShares Russell 1000 Value E
Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced that the Company's Board of Directors approved a $10.00 per share special dividend. The special dividend will be payable on July 15, 2024 to stockholders of record at the close of business on July 1, 2024."With tailwinds of excellent business execution, supportive fundamentals, and a fortress balance sheet, we're pleased to announce a special dividend, which is the largest in TPL's history and represents a 50% increase compared to the most recent prior split-adjusted special dividend," said Tyler Glover, Chief Executive Officer of the Company. "As we evaluate our current capital structure, capital allocation p
Texas Pacific Land Corp. (NYSE:TPL) shares are moving higher Monday following the company’s announcement that it will join the S&P MidCap 400. The Details: On Friday after the market closed, it was announced Texas Pacific Land will join the S&P MidCap 400 effective on June 24th prior to market open. The company is replacing Werner Enterprises Inc. (NASDAQ:WERN) in the S&P MidCap 400. Texas Pacific Land is a part of a group of companies that are joining the S&P MidCap 400 in replacement of former constituents. How To Buy Texas Pacific Land Stock By now you're likely curious about how to participate in the market for Texas Pacific Land (NYSE:TPL) – be it to purchase shares, or even
Wall Street is experiencing a quiet trading session on Monday, with major indices showing little movement by midday in New York, as traders maintain a cautious stance ahead of the highly anticipated inflation report and Fed meeting this Wednesday. U.S. stocks have erased early session losses sparked by rising volatility in Europe after the latest Parliamentary elections revealed increased support for far-right parties and Emmanuel Macron’s surprising call for snap elections in France. The S&P 500 is 0.2% higher, while the tech-heavy Nasdaq 100 slightly outperforms the broader market, rising 0.3%. Blue-chip stocks soften by 0.1%, while small caps trade mostly flat for the day. Tre