TPL

Texas Pacific Land Corporation

NYSEUSDEQUITY Energy DELAYED

Neutral

-15/100

355.16

▲ 10.49 (3.04%)

MARKET · —

Price

1D — H — L — Range — Vol —

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Open

—

Prev close

344.67

Day high

357.92

Day low

343.50

Volume

393.69K

Market cap

$24.50B

P/E (TTM)

45.30

52W range

269.23 – 547.20

Trailing performance

Price return · vs SPY

Returnvs SPY

+8.05% +6.1%

-2.00% -3.2%

-9.99% -14.5%

-21.04% -39.2%

YTD

+23.65% +9.4%

+12.64% -3.8%

+75.29% -7.0%

— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required

Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.

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Contracts trading at or above their open interest, ranked by notional and where the print landed.

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Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

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Insider net activity

6m · Form 4 rollup

Net shares

-3.20K

Net selling

Buy transactions

108

796 shares

Sell transactions

4.00K shares

Net transactions

+109

Buys less sells

Sell : buy shares

5.0 : 1

Heavily one-sided

Insider-held shares

273.83K

Total on file

Bought 796Sold 4.00K

Insider transactions

Account required

Date	Insider	Action	Shares	Value	Held
Sep 29, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	4	$1.36K	Direct
Sep 28, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$340	Direct
Sep 25, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$340	Direct
Sep 23, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$353	Direct
Sep 22, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$361	Direct
Sep 21, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$349	Direct
Sep 18, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$351	Direct
Sep 16, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$352	Direct
Sep 15, 26	DOYLE PETER BRENDAN Director	BUY	5	$1.86K	Direct
Sep 15, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$372	Direct
Sep 11, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$368	Direct
Sep 10, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$366	Direct
Sep 9, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$379	Direct
Sep 8, 26	HORIZON KINETICS ASSET MANAGEMENT L.L.C. Beneficial Owner of more than 10% of a Class of Security	BUY	1	$375	Direct

Date

Insider

Action

Value

Held

Sep 29, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$1.36K

Direct

Sep 28, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$340

Direct

Sep 25, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$340

Direct

Sep 23, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$353

Direct

Sep 22, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$361

Direct

Sep 21, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$349

Direct

Sep 18, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$351

Direct

Sep 16, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$352

Direct

Sep 15, 26

DOYLE PETER BRENDAN

Director

BUY

$1.86K

Direct

Sep 15, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$372

Direct

Sep 11, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$368

Direct

Sep 10, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$366

Direct

Sep 9, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$379

Direct

Sep 8, 26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

BUY

$375

Direct

What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

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Insider holders

10 reporting

Name	Relation	Shares held	Latest
BEST RHYS J	Director	3.30K	Stock Award(Grant)
COOK DONALD G	Director	3.09K	Stock Award(Grant)
DOBBS MICHEAL W	General Counsel	7.84K	Conversion of Exercise of derivative security
DOYLE PETER BRENDAN	Director	160.03K	Purchase
GLOVER TYLER	Chief Executive Officer	44.17K	Conversion of Exercise of derivative security
HORIZON KINETICS ASSET MANAGEMENT L.L.C.	Beneficial Owner of more than 10% of a Class of Security	3.36M	Purchase
OLIVER ERIC L	Director	—	Purchase
ROOSA ROBERT M.	Director	4.47K	Stock Award(Grant)
STAHL MURRAY	Director	—	Purchase
STEDDUM CHRIS	Chief Financial Officer	12.04K	Sale

Name

Relation

Shares held

Latest

BEST RHYS J

Director

3.30K

Stock Award(Grant)

COOK DONALD G

Director

3.09K

Stock Award(Grant)

DOBBS MICHEAL W

General Counsel

7.84K

Conversion of Exercise of derivative security

DOYLE PETER BRENDAN

Director

160.03K

Purchase

GLOVER TYLER

Chief Executive Officer

44.17K

Conversion of Exercise of derivative security

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

3.36M

Purchase

OLIVER ERIC L

Director

—

Purchase

ROOSA ROBERT M.

Director

4.47K

Stock Award(Grant)

STAHL MURRAY

Director

—

Purchase

STEDDUM CHRIS

Chief Financial Officer

12.04K

Sale

Fundamentals

TTM · reported

Market cap$24.50B

Enterprise value$24.27B

Revenue (TTM)$897.54M

Gross profit$837.73M

EBITDA$741.59M

Net income$541.42M

EPS (TTM)$7.84

Free cash flow$-32.84M

Total cash$248.61M

Total debt$18.02M

Book value / share$24.25

Shares outstanding68.97M

Float58.87M

Short % of float8.96%

Dividend yield0.68%

Beta (5Y)0.59

Valuation & profitability ratios

Account required

Trailing P/E45.30

Forward P/E4.86

PEG ratio7.33

Price / sales—

Price / book14.65

EV / revenue27.04

EV / EBITDA32.72

Gross margin93.34%

Operating margin78.18%

Profit margin60.32%

Return on equity36.57%

Return on assets25.81%

Debt / equity1.08

Current ratio4.55

Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

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Financial statements

As reported · 5 years · 5 quarters

Blank means not reported, not zero

Line item	2025	2024	2023	2022	YoY
Total revenue	$798.19M	$705.82M	$631.60M	$667.42M	+13.1%
Operating revenue	$798.19M	$705.82M	$631.60M	$667.42M	+13.1%
Cost of revenue	$116.06M	$71.29M	$48.32M	$32.84M	+62.8%
Gross profit	$682.13M	$634.54M	$583.27M	$634.58M	+7.5%
Selling, general & admin	$81.70M	$88.10M	$89.83M	$63.42M	-7.3%
Total operating expense	$89.97M	$95.40M	$97.22M	$72.28M	-5.7%
Operating income	$592.16M	$539.14M	$486.05M	$562.31M	+9.8%
Net interest income	$17.28M	$32.14M	$28.63M	$6.21M	-46.2%
Pre-tax income	$610.33M	$578.82M	$517.56M	$568.86M	+5.4%
Tax provision	$128.95M	$124.86M	$111.92M	$122.49M	+3.3%
Net income	$481.38M	$453.96M	$405.64M	$446.36M	+6.0%
Net income to common	$481.38M	$453.96M	$405.64M	$446.36M	+6.0%
Basic EPS	6.98	6.58	5.87	6.42	+6.0%
Diluted EPS	6.97	6.57	5.86	6.42	+6.0%
EBIT	$611.02M	$539.14M	$486.05M	$562.31M	+13.3%
EBITDA	$673.55M	$564.30M	$500.81M	$577.68M	+19.4%
Basic shares	68.95M	68.96M	69.13M	69.50M	-0.0%
Diluted shares	69.03M	69.06M	69.18M	69.54M	-0.0%

Line item

2025

2024

2023

2022

YoY

Total revenue

$798.19M

$705.82M

$631.60M

$667.42M

+13.1%

Operating revenue

$798.19M

$705.82M

$631.60M

$667.42M

+13.1%

Cost of revenue

$116.06M

$71.29M

$48.32M

$32.84M

+62.8%

Gross profit

$682.13M

$634.54M

$583.27M

$634.58M

+7.5%

Selling, general & admin

$81.70M

$88.10M

$89.83M

$63.42M

-7.3%

Total operating expense

$89.97M

$95.40M

$97.22M

$72.28M

-5.7%

Operating income

$592.16M

$539.14M

$486.05M

$562.31M

+9.8%

Net interest income

$17.28M

$32.14M

$28.63M

$6.21M

-46.2%

Pre-tax income

$610.33M

$578.82M

$517.56M

$568.86M

+5.4%

Tax provision

$128.95M

$124.86M

$111.92M

$122.49M

+3.3%

Net income

$481.38M

$453.96M

$405.64M

$446.36M

+6.0%

Net income to common

$481.38M

$453.96M

$405.64M

$446.36M

+6.0%

Basic EPS

6.98

6.58

5.87

6.42

+6.0%

Diluted EPS

6.97

6.57

5.86

6.42

+6.0%

EBIT

$611.02M

$539.14M

$486.05M

$562.31M

+13.3%

EBITDA

$673.55M

$564.30M

$500.81M

$577.68M

+19.4%

Basic shares

68.95M

68.96M

69.13M

69.50M

-0.0%

Diluted shares

69.03M

69.06M

69.18M

69.54M

-0.0%

Line item	2025	2024	2023	2022	2021	YoY
Cash & equivalents	$144.81M	$369.83M	$725.17M	$510.83M	—	-60.8%
Cash & short-term investments	$144.81M	$369.83M	$725.17M	$510.83M	—	-60.8%
Accounts receivable	$164.91M	$126.67M	$128.97M	$103.98M	—	+30.2%
Inventory	—	—	—	$109.70M	$109.07M	—
Total current assets	$319.32M	$503.37M	$862.46M	$633.40M	—	-36.6%
Property, plant & equipment	$1.02B	$556.14M	$138.06M	$133.03M	—	+83.1%
Goodwill & intangibles	$32.85M	$35.19M	$21.02M	$0	—	-6.7%
Total assets	$1.62B	$1.25B	$1.16B	$877.43M	—	+30.1%
Total current liabilities	$73.57M	$60.40M	$63.06M	$56.81M	—	+21.8%
Total debt	$16.18M	$453.00K	$1.17M	$1.96M	—	+3,470.6%
Total liabilities	$164.37M	$115.56M	$113.20M	$104.54M	—	+42.2%
Retained earnings	$1.60B	$1.28B	$1.17B	$866.14M	—	+24.9%
Shareholder equity	$1.46B	$1.13B	$1.04B	$772.89M	—	+28.8%
Working capital	$245.75M	$442.97M	$799.40M	$576.59M	—	-44.5%
Net tangible assets	$1.43B	$1.10B	$1.02B	$772.89M	—	+30.0%
Shares issued	69.26M	69.26M	69.81M	69.81M	—	0.0%

Line item

2025

2024

2023

2022

2021

YoY

Cash & equivalents

$144.81M

$369.83M

$725.17M

$510.83M

—

-60.8%

Cash & short-term investments

$144.81M

$369.83M

$725.17M

$510.83M

—

-60.8%

Accounts receivable

$164.91M

$126.67M

$128.97M

$103.98M

—

+30.2%

Inventory

—

$109.70M

$109.07M

—

Total current assets

$319.32M

$503.37M

$862.46M

$633.40M

—

-36.6%

Property, plant & equipment

$1.02B

$556.14M

$138.06M

$133.03M

—

+83.1%

Goodwill & intangibles

$32.85M

$35.19M

$21.02M

—

-6.7%

Total assets

$1.62B

$1.25B

$1.16B

$877.43M

—

+30.1%

Total current liabilities

$73.57M

$60.40M

$63.06M

$56.81M

—

+21.8%

Total debt

$16.18M

$453.00K

$1.17M

$1.96M

—

+3,470.6%

Total liabilities

$164.37M

$115.56M

$113.20M

$104.54M

—

+42.2%

Retained earnings

$1.60B

$1.28B

$1.17B

$866.14M

—

+24.9%

Shareholder equity

$1.46B

$1.13B

$1.04B

$772.89M

—

+28.8%

Working capital

$245.75M

$442.97M

$799.40M

$576.59M

—

-44.5%

Net tangible assets

$1.43B

$1.10B

$1.02B

$772.89M

—

+30.0%

Shares issued

69.26M

69.81M

—

0.0%

Line item	2025	2024	2023	2022	YoY
Net income	$481.38M	$453.96M	$405.64M	$446.36M	+6.0%
Stock-based compensation	$15.13M	$12.50M	$10.34M	$8.43M	+21.1%
Change in working capital	-$19.90M	-$936.00K	-$13.86M	-$24.28M	-2,025.6%
Operating cash flow	$545.91M	$490.67M	$418.29M	$447.15M	+11.3%
Capital expenditure	-$513.77M	-$425.27M	-$40.00M	-$20.87M	-20.8%
Investing cash flow	-$595.85M	-$471.75M	-$60.31M	-$21.40M	-26.3%
Share buybacks	-$8.38M	-$29.16M	-$42.57M	-$87.77M	+71.3%
Dividends paid	-$147.80M	-$347.31M	-$99.97M	-$247.28M	+57.4%
Financing cash flow	-$176.04M	-$378.09M	-$144.61M	-$336.81M	+53.4%
Free cash flow	$32.13M	$65.40M	$378.29M	$426.27M	-50.9%
End cash position	$145.40M	$371.38M	$730.55M	$517.18M	-60.8%

Line item

2025

2024

2023

2022

YoY

Net income

$481.38M

$453.96M

$405.64M

$446.36M

+6.0%

Stock-based compensation

$15.13M

$12.50M

$10.34M

$8.43M

+21.1%

Change in working capital

-$19.90M

-$936.00K

-$13.86M

-$24.28M

-2,025.6%

Operating cash flow

$545.91M

$490.67M

$418.29M

$447.15M

+11.3%

Capital expenditure

-$513.77M

-$425.27M

-$40.00M

-$20.87M

-20.8%

Investing cash flow

-$595.85M

-$471.75M

-$60.31M

-$21.40M

-26.3%

Share buybacks

-$8.38M

-$29.16M

-$42.57M

-$87.77M

+71.3%

Dividends paid

-$147.80M

-$347.31M

-$99.97M

-$247.28M

+57.4%

Financing cash flow

-$176.04M

-$378.09M

-$144.61M

-$336.81M

+53.4%

Free cash flow

$32.13M

$65.40M

$378.29M

$426.27M

-50.9%

End cash position

$145.40M

$371.38M

$730.55M

$517.18M

-60.8%

Line item	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	YoY
Total revenue	$246.06M	$236.82M	$211.58M	$203.09M	$187.54M	+3.9%
Operating revenue	$246.06M	$236.82M	$211.58M	$203.09M	$187.54M	+3.9%
Cost of revenue	$28.21M	$28.33M	$39.45M	$31.39M	$22.15M	-0.4%
Gross profit	$217.85M	$208.49M	$172.13M	$171.69M	$165.39M	+4.5%
Selling, general & admin	$23.57M	$23.62M	$21.32M	$19.98M	$19.77M	-0.2%
Total operating expense	$26.03M	$26.16M	$22.88M	$22.60M	$21.64M	-0.5%
Operating income	$191.82M	$182.33M	$149.25M	$149.09M	$143.75M	+5.2%
Net interest income	$1.31M	$689.00K	$2.28M	$5.88M	$5.02M	+90.0%
Pre-tax income	$193.70M	$183.56M	$151.76M	$155.18M	$148.99M	+5.5%
Tax provision	$39.77M	$40.66M	$28.42M	$33.94M	$32.85M	-2.2%
Net income	$153.93M	$142.90M	$123.35M	$121.24M	$116.14M	+7.7%
Net income to common	$153.93M	$142.90M	$123.35M	$121.24M	$116.14M	+7.7%
Basic EPS	2.23	2.07	1.79	1.76	1.68	+7.7%
Diluted EPS	2.23	2.07	1.79	1.76	1.68	+7.7%
EBIT	$194.67M	$184.56M	$168.10M	$149.09M	$148.99M	+5.5%
EBITDA	$211.31M	$198.60M	$190.03M	$164.05M	$162.69M	+6.4%
Basic shares	68.97M	68.96M	68.94M	68.95M	68.96M	+0.0%
Diluted shares	69.03M	69.01M	69.02M	69.03M	69.04M	+0.0%

Line item

2026-06-30

2026-03-31

2025-12-31

2025-09-30

2025-06-30

YoY

Total revenue

$246.06M

$236.82M

$211.58M

$203.09M

$187.54M

+3.9%

Operating revenue

$246.06M

$236.82M

$211.58M

$203.09M

$187.54M

+3.9%

Cost of revenue

$28.21M

$28.33M

$39.45M

$31.39M

$22.15M

-0.4%

Gross profit

$217.85M

$208.49M

$172.13M

$171.69M

$165.39M

+4.5%

Selling, general & admin

$23.57M

$23.62M

$21.32M

$19.98M

$19.77M

-0.2%

Total operating expense

$26.03M

$26.16M

$22.88M

$22.60M

$21.64M

-0.5%

Operating income

$191.82M

$182.33M

$149.25M

$149.09M

$143.75M

+5.2%

Net interest income

$1.31M

$689.00K

$2.28M

$5.88M

$5.02M

+90.0%

Pre-tax income

$193.70M

$183.56M

$151.76M

$155.18M

$148.99M

+5.5%

Tax provision

$39.77M

$40.66M

$28.42M

$33.94M

$32.85M

-2.2%

Net income

$153.93M

$142.90M

$123.35M

$121.24M

$116.14M

+7.7%

Net income to common

$153.93M

$142.90M

$123.35M

$121.24M

$116.14M

+7.7%

Basic EPS

2.23

2.07

1.79

1.76

1.68

+7.7%

Diluted EPS

2.23

2.07

1.79

1.76

1.68

+7.7%

EBIT

$194.67M

$184.56M

$168.10M

$149.09M

$148.99M

+5.5%

EBITDA

$211.31M

$198.60M

$190.03M

$164.05M

$162.69M

+6.4%

Basic shares

68.97M

68.96M

68.94M

68.95M

68.96M

+0.0%

Diluted shares

69.03M

69.01M

69.02M

69.03M

69.04M

+0.0%

Line item	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	YoY
Cash & equivalents	$248.61M	$247.57M	$144.81M	$531.81M	$543.93M	+0.4%
Cash & short-term investments	$248.61M	$247.57M	$144.81M	$531.81M	$543.93M	+0.4%
Accounts receivable	$174.77M	$181.05M	$164.91M	$127.79M	$114.31M	-3.5%
Total current assets	$428.44M	$435.08M	$319.32M	$737.17M	$667.50M	-1.5%
Property, plant & equipment	$1.02B	$1.01B	$1.02B	$557.49M	$544.00M	+0.5%
Goodwill & intangibles	$31.68M	$32.26M	$32.85M	$33.43M	$34.02M	-1.8%
Total assets	$1.86B	$1.75B	$1.62B	$1.52B	$1.40B	+6.2%
Total current liabilities	$93.17M	$102.92M	$73.57M	$75.63M	$57.34M	-9.5%
Total debt	$15.51M	$15.84M	$16.18M	$16.51M	—	-2.1%
Total liabilities	$187.08M	$195.51M	$164.37M	$156.95M	$115.72M	-4.3%
Retained earnings	$1.79B	$1.68B	$1.60B	$1.51B	$1.42B	+6.7%
Shareholder equity	$1.67B	$1.56B	$1.46B	$1.37B	$1.29B	+7.5%
Working capital	$335.27M	$332.16M	$245.75M	$661.54M	$610.16M	+0.9%
Net tangible assets	$1.64B	$1.52B	$1.43B	$1.33B	$1.25B	+7.7%
Shares issued	68.97M	69.26M	69.26M	69.26M	69.26M	-0.4%

Line item

2026-06-30

2026-03-31

2025-12-31

2025-09-30

2025-06-30

YoY

Cash & equivalents

$248.61M

$247.57M

$144.81M

$531.81M

$543.93M

+0.4%

Cash & short-term investments

$248.61M

$247.57M

$144.81M

$531.81M

$543.93M

+0.4%

Accounts receivable

$174.77M

$181.05M

$164.91M

$127.79M

$114.31M

-3.5%

Total current assets

$428.44M

$435.08M

$319.32M

$737.17M

$667.50M

-1.5%

Property, plant & equipment

$1.02B

$1.01B

$1.02B

$557.49M

$544.00M

+0.5%

Goodwill & intangibles

$31.68M

$32.26M

$32.85M

$33.43M

$34.02M

-1.8%

Total assets

$1.86B

$1.75B

$1.62B

$1.52B

$1.40B

+6.2%

Total current liabilities

$93.17M

$102.92M

$73.57M

$75.63M

$57.34M

-9.5%

Total debt

$15.51M

$15.84M

$16.18M

$16.51M

—

-2.1%

Total liabilities

$187.08M

$195.51M

$164.37M

$156.95M

$115.72M

-4.3%

Retained earnings

$1.79B

$1.68B

$1.60B

$1.51B

$1.42B

+6.7%

Shareholder equity

$1.67B

$1.56B

$1.46B

$1.37B

$1.29B

+7.5%

Working capital

$335.27M

$332.16M

$245.75M

$661.54M

$610.16M

+0.9%

Net tangible assets

$1.64B

$1.52B

$1.43B

$1.33B

$1.25B

+7.7%

Shares issued

68.97M

69.26M

-0.4%

Line item	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	YoY
Net income	$153.93M	$142.90M	$123.35M	$121.24M	$116.14M	+7.7%
Stock-based compensation	$4.39M	$5.06M	$3.76M	$3.49M	$3.48M	-13.3%
Change in working capital	-$3.63M	$17.17M	-$37.02M	$11.14M	-$12.96M	-121.1%
Operating cash flow	$172.86M	$162.01M	$113.67M	$154.61M	$120.90M	+6.7%
Capital expenditure	-$21.85M	-$7.35M	-$479.35M	-$18.60M	-$3.31M	-197.4%
Investing cash flow	-$130.98M	-$8.39M	-$458.24M	-$121.16M	-$3.93M	-1,461.7%
Share buybacks	$0	$0	$0	-$8.28M	$0	—
Dividends paid	-$41.39M	-$41.80M	-$36.77M	-$36.81M	-$36.78M	+1.0%
Financing cash flow	-$41.44M	-$50.86M	-$41.83M	-$45.58M	-$36.83M	+18.5%
Free cash flow	$151.01M	$154.66M	-$365.68M	$136.01M	$117.59M	-2.4%
End cash position	$248.61M	$248.17M	$145.40M	$531.81M	$543.93M	+0.2%

Line item

2026-06-30

2026-03-31

2025-12-31

2025-09-30

2025-06-30

YoY

Net income

$153.93M

$142.90M

$123.35M

$121.24M

$116.14M

+7.7%

Stock-based compensation

$4.39M

$5.06M

$3.76M

$3.49M

$3.48M

-13.3%

Change in working capital

-$3.63M

$17.17M

-$37.02M

$11.14M

-$12.96M

-121.1%

Operating cash flow

$172.86M

$162.01M

$113.67M

$154.61M

$120.90M

+6.7%

Capital expenditure

-$21.85M

-$7.35M

-$479.35M

-$18.60M

-$3.31M

-197.4%

Investing cash flow

-$130.98M

-$8.39M

-$458.24M

-$121.16M

-$3.93M

-1,461.7%

Share buybacks

-$8.28M

—

Dividends paid

-$41.39M

-$41.80M

-$36.77M

-$36.81M

-$36.78M

+1.0%

Financing cash flow

-$41.44M

-$50.86M

-$41.83M

-$45.58M

-$36.83M

+18.5%

Free cash flow

$151.01M

$154.66M

-$365.68M

$136.01M

$117.59M

-2.4%

End cash position

$248.61M

$248.17M

$145.40M

$531.81M

$543.93M

+0.2%

Options analytics

Account required

Put / call volume

0.75

Call-heavy session

Put / call open interest

0.28

Positioning, not flow

Max pain

660.00

+85.8% from spot

ATM implied vol

1.6%

Nearest strike to spot

Skew (10% OTM)

0.0%

Calls bid over puts

Call volume

905

Contracts, this expiry

Put volume

682

Contracts, this expiry

Heaviest call OI

700.00

157 contracts

Heaviest put OI

490.00

37 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

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Earnings

History & consensus estimates

Reported vs expected · EPS

Quarter	Est.	Actual	Surprise
Jun 2026	2.18	2.23	+2.1%
Mar 2026	2.02	2.07	+2.5%
Dec 2025	3.60	1.79	-50.2%
Sep 2025	1.92	1.76	-8.7%

Forward consensus

Period	EPS	Analysts	Revenue	Growth
Current quarter	2.36	2	$263.00M	—
Next quarter	2.64	2	$286.00M	+35.2%
Current year	9.30	2	$1.03B	+29.3%
Next year	10.32	2	$1.16B	+12.5%

Analyst targets & ownership

Account required

Mean target$443.00

High target$639.00

Low target$247.00

Implied upside24.73%

Analyst count2

ConsensusNONE

Strong buy / Buy0 / 1

Hold0

Sell / Strong sell1 / 0

Held by insiders0.40%

Held by institutions74.49%

Institutions holding1.17K

Free account required

Price targets, consensus spread, insider and institutional ownership.

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Moving averages & technicals

Computed from 2Y daily closes

SMA 10

338.42

+4.95% from price

SMA 20

350.04

+1.46% from price

SMA 50

362.90

-2.13% from price

SMA 100

379.08

-6.31% from price

SMA 200

397.67

-10.69% from price

EMA 12

344.52

+3.09% from price

EMA 26

351.90

+0.93% from price

EMA 50

362.63

-2.06% from price

RSI (14)

51.4

Neutral

MACD (12,26,9)

-7.38

Hist 1.16

ATR (14)

12.52

3.53% of price

Realised vol 30D

39.7%

Annualised

Bollinger upper

378.90

20, 2σ

Bollinger lower

321.18

20, 2σ

50 / 200 cross

Death

362.90 vs 397.67

Trend bias

Below 200

-10.69%

Options chain

Account required

Expiry

Spot 355.16

Calls

Strike	Last	Bid	Ask	Vol	OI	IV
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%

Puts

Strike	Last	Bid	Ask	Vol	OI	IV
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%

Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

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Risk profile

Daily returns · 1Y window

Beta vs SPY

0.42

Less volatile than market

Correlation to SPY

0.11

Largely independent

Realised vol 30D

39.7%

Annualised

Market vol 1Y

13.0%

SPY, annualised

Max drawdown 1Y

-39.6%

Peak to trough

Max drawdown 5Y

-52.8%

Peak to trough

ATR 14

12.52

3.53% of price

Beta (reported)

0.59

5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks

Shares short

4.24M

Prior 4.35M

Change vs prior

-2.7%

Shorts covering

% of float

8.96%

Normal

% of shares out

6.14%

Against total outstanding

Days to cover

12.6

Crowded exit

Float

58.87M

Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

15 on file

Date	Firm	Action	From	To
Feb 23, 26	Keybanc	MAINTAINED	Overweight	Overweight
Dec 2, 25	Keybanc	INITIATED	—	Overweight
Aug 12, 24	BWS Financial	MAINTAINED	Buy	Buy
May 10, 24	BWS Financial	MAINTAINED	Buy	Buy
Apr 2, 24	BWS Financial	MAINTAINED	Buy	Buy
Jan 23, 24	Stifel	MAINTAINED	Hold	Hold
Nov 30, 23	Stifel	MAINTAINED	Hold	Hold
May 22, 23	Stifel	MAINTAINED	Hold	Hold
Apr 27, 23	Stifel	MAINTAINED	—	Hold
Apr 12, 23	Stifel	MAINTAINED	—	Hold
Sep 29, 21	Credit Suisse	INITIATED	—	Underperform
May 10, 21	BWS Financial	MAINTAINED	—	Buy

Date

Firm

Action

From

Feb 23, 26

Keybanc

MAINTAINED

Overweight

Dec 2, 25

Keybanc

INITIATED

—

Overweight

Aug 12, 24

BWS Financial

MAINTAINED

Buy

May 10, 24

BWS Financial

MAINTAINED

Buy

Apr 2, 24

BWS Financial

MAINTAINED

Buy

Jan 23, 24

Stifel

MAINTAINED

Hold

Nov 30, 23

Stifel

MAINTAINED

Hold

May 22, 23

Stifel

MAINTAINED

Hold

Apr 27, 23

Stifel

MAINTAINED

—

Hold

Apr 12, 23

Stifel

MAINTAINED

—

Hold

Sep 29, 21

Credit Suisse

INITIATED

—

Underperform

May 10, 21

BWS Financial

MAINTAINED

—

Buy

Dividends & splits

Declared · from the issuer

Forward rate$2.40 / yr

Forward yield0.68%

5-year avg yield0.61%

Payout ratio28.91%

Ex-dividend dateSep 1, 2026

Next pay dateSep 15, 2026

Last split3:1

Split dateDec 23, 2025

SEC filings

89 recent

Corporate Changes & Voting Matters 8-K · 2026-09-25 Proxy Statements PRE 14A · 2026-09-11 Periodic Financial Reports 10-Q · 2026-08-05 Corporate Changes & Voting Matters 8-K · 2026-06-23 Corporate Changes & Voting Matters 8-K · 2026-05-18 Corporate Changes & Voting Matters 8-K · 2026-05-06 Corporate Changes & Voting Matters 8-K · 2026-04-09 Corporate Changes & Voting Matters 8-K · 2026-02-18

Headlines

TPL · links out to the publisher

Q2 Earnings Highs And Lows: Texas Pacific Land (NYSE:TPL) Vs The Rest Of The U.S. Shale E&P Stocks StockStory · 11d ago Is Texas Pacific Land Stock Underperforming the Nasdaq? Barchart · 12d ago 2 Mid-Cap Stocks with Exciting Potential and 1 We Avoid StockStory · 13d ago 2 Energy Stocks with Impressive Fundamentals and 1 We Find Risky StockStory · 18d ago 3 Oil Stocks Retail Investors Are Screening As Crude Price Risk Returns Simply Wall St. · 20d ago Texas Pacific Land (TPL) Dropped, What Is Driving Attention Now? Simply Wall St. · 20d ago Texas Pacific Land (TPL) Stock May Look Rich After Cramer Backing Simply Wall St. · 21d ago Did Jim Cramer’s Mad Money Spotlight on TPL Reframe Texas Pacific Land’s Asset-Light Royalty Story? Simply Wall St. · 21d ago

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Quote log

CONNECTING

TimePriceVol +

Delayed quote polls, not exchange time & sales. Each row is a price change we received; Vol + is the rise in session volume since the previous row, not the size of one trade.

Ranges

Day

343.50357.92

52 week

269.23547.20

Volume393.69K

Avg volume360.10K

Rel. volume1.09×

Profile

SectorEnergy

IndustryOil & Gas E&P

Employees114

HeadquartersDallas, TX

Next earningsNov 4, 2026

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 r…

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Indicator	Reading	Score	Weight
Price vs SMA 20	350.04	+0.24	1.0
Price vs SMA 50	362.90	-0.36	1.4
Price vs SMA 200	397.67	-1.00	1.8
Price vs EMA 21	—	+0.15	0.8
Death cross	-8.7% apart	-1.00	1.6
MACD histogram	1.165	+0.27	1.2
RSI 14	51.4	+0.04	1.1
1-month return	-2.00%	-0.17	1.0
3-month return	-9.99%	-0.45	0.9
1-year return	+12.64%	+0.28	0.7
Bollinger position	Inside bands	-0.11	0.7
52-week range	31% of range	-0.40	0.8
Consensus target	$443.00	+0.99	1.5
Net insider activity	Net selling	-0.30	0.9
Put / call open interest	0.28×	+0.63	0.6