Texas Pacific Land Corporation Shines in Oil Sector Amid Impressive Gains
Overview of TPL’s Operations
Texas Pacific Land Corporation (TPL) stands as one of Texas’s largest private landowners, focusing on managing and monetizing its extensive land holdings located in the oil-rich Permian Basin. With a market cap of $31.5 billion, TPL secures its revenues through land sales, easements, royalties from oil and gas production, and water services helpful for energy operations.
Remarkable Stock Performance
Over the last year, TPL’s shares have significantly outperformed broader market trends. They surged 186.6% within the past 52 weeks and experienced a 24.1% rise in 2025 alone. In comparison, the S&P 500 Index ($SPX) increased by 22.3% over the last year and has gained 4% year-to-date (YTD).
Comparative Performance with Other ETFs
In a more focused comparison, Texas Pacific also bested the SPDR S&P Oil & Gas Exploration & Production ETF’s (XOP) modest 2.6% gains over the last year, achieving a 3.3% increase YTD.
Strong Performance Metrics in 2024
TPL has excelled in 2024, earning the title of best Oil/Energy stock in the S&P 500, additionally ranking as the seventh-best overall stock. The company demonstrated a remarkable 127.3% gain year-to-date, largely due to its asset-light business model that emphasizes revenue from oil and gas royalties, water sales, and surface leases across its 900,000 acres in the Permian Basin.
Recent Earnings Report
On November 6, TPL’s stock rose by 7% following the release of its third-quarter earnings report, which showcased an adjusted EBITDA of $144.1 million and net income of $106.6 million, equating to $4.63 per share. Notably, the company’s oil and gas royalty production reached a record high of 28,300 barrels of oil equivalent per day.
Mixed Earnings Surprise History
The company’s track record for beating Wall Street earnings estimates has been mixed; TPL surpassed expectations in two of the past three quarters but fell short on one occasion.
Current Stock Rating
Despite its strong performance, TPL stock has garnered a consensus “Strong Sell” rating overall.
Currently, TPL trades above its mean and average price target of $917.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.
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