Market Summary
USD1783.03+34.10
Market Closed1.95%
TPL Stock Price
TPL RSI Chart
TPL Valuation
TPL Price/Sales (Trailing)
TPL Profitability
TPL Fundamentals
TPL Revenue
TPL Earnings
Price Action
52 Week Range
1266.212739.00
(Low)(High)
Last 7 days
-3.5%
Last 30 days
-6.6%
Last 90 days
33.1%
Trailing 12 Months
-4.4%
TPL Financial Health
TPL Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for TPL
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-29 | HORIZON KINETICS ASSET MANAGEMENT LLC | bought | 5,470 | 1,823 | 3.00 | - |
2023-09-28 | HORIZON KINETICS ASSET MANAGEMENT LLC | bought | 5,674 | 1,891 | 3.00 | - |
2023-09-27 | HORIZON KINETICS ASSET MANAGEMENT LLC | bought | 5,611 | 1,870 | 3.00 | - |
2023-09-26 | HORIZON KINETICS ASSET MANAGEMENT LLC | bought | 5,542 | 1,847 | 3.00 | - |
2023-09-25 | HORIZON KINETICS ASSET MANAGEMENT LLC | bought | 5,579 | 1,859 | 3.00 | - |
2023-09-22 | HORIZON KINETICS ASSET MANAGEMENT LLC | bought | 5,522 | 1,840 | 3.00 | - |
2023-09-21 | HORIZON KINETICS ASSET MANAGEMENT LLC | bought | 5,611 | 1,870 | 3.00 | - |
2023-09-18 | HORIZON KINETICS ASSET MANAGEMENT LLC | bought | 9,097 | 1,819 | 5.00 | - |
2023-09-15 | STAHL MURRAY | bought | 1,771 | 1,771 | 1.00 | - |
2023-09-15 | STAHL MURRAY | bought | 19,482 | 1,771 | 11.00 | - |
Which funds bought or sold TPL recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Jefferies Group LLC | new | - | 888,615 | 888,615 | 0.01% |
2023-09-21 | Halpern Financial, Inc. | unchanged | - | -9,613 | 32,913 | 0.01% |
2023-09-20 | BARCLAYS PLC | added | 9.62 | -1,110,000 | 6,212,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | -2,691 | 9,216 | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 1,137 | 200,551 | 0.02% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -76,904 | 263,300 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -680,408 | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | added | 7.12 | -3,415,980 | 16,564,200 | 0.02% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -4.14 | -402,875 | 1,159,340 | -% |
2023-08-21 | VitalStone Financial, LLC | added | 325 | 24,000 | 29,000 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Texas Pacific Land
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Aug 01, 2023 | horizon kinetics asset management llc | 18.18% | 1,398,465 | SC 13D/A | |
| Feb 09, 2023 | vanguard group inc | 8.20% | 631,365 | SC 13G/A | |
| Jan 27, 2023 | horizon kinetics asset management llc | 18.56% | 1,429,929 | SC 13D/A | |
| Feb 02, 2022 | horizon kinetics asset management llc | 19.56% | 1,515,452 | SC 13D/A | |
| Jan 11, 2021 | softvest, lp | 0% | 0 | SC 13D/A | |
| Jan 11, 2021 | horizon kinetics asset management llc | 14.% | 0 | SC 13D/A | |
| Dec 15, 2020 | softvest, lp | 1.7% | 130,500 | SC 13D/A | |
| Dec 14, 2020 | horizon kinetics asset management llc | 20.92% | 1,622,551 | SC 13D/A | |
| Oct 16, 2020 | horizon kinetics asset management llc | 21.1% | 1,638,935 | SC 13D/A | |
| Jun 15, 2020 | horizon kinetics asset management llc | 22.1% | 1,712,008 | SC 13D/A |
Recent SEC filings of Texas Pacific Land
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Oct 03, 2023 | 4 | Insider Trading | |
| Oct 02, 2023 | 4 | Insider Trading | |
| Sep 29, 2023 | 4 | Insider Trading | |
| Sep 28, 2023 | 4 | Insider Trading | |
| Sep 27, 2023 | 4 | Insider Trading | |
| Sep 26, 2023 | 4 | Insider Trading | |
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 22, 2023 | 4 | Insider Trading | |
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading |
TPL Fair Value
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Texas Pacific Land News
Returns for TPL
Cumulative Returns on TPL
37.0%
10-Year Cumulative Returns
34.9%
7-Year Cumulative Returns
17.3%
5-Year Cumulative Returns
60.5%
3-Year Cumulative Returns
Risks for TPL
What is the probability of a big loss on TPL?
99.6%
Probability that Texas Pacific Land stock will be more than 20% underwater in next one year
83.1%
Probability that Texas Pacific Land stock will be more than 30% underwater in next one year.
51.9%
Probability that Texas Pacific Land stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does TPL drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Texas Pacific Land was unfortunately bought at previous high price.
Drawdowns
Financials for Texas Pacific Land
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
| Revenue | -2.3% | 651 | 666 | 667 | 662 | 594 | 514 | 451 | 378 | 329 | 290 | 303 | 342 | 366 | 396 | 490 | 503 | 557 | 765 | 300 |
| Costs and Expenses | 12.8% | 139 | 124 | 105 | 98.00 | 89.00 | 89.00 | 89.00 | 86.00 | 84.00 | 81.00 | 85.00 | 88.00 | 97.00 | 104 | 91.00 | - | - | - | 39.00 |
| S&GA Expenses | -2.5% | 14.00 | 14.00 | 13.00 | 13.00 | 13.00 | 12.00 | 12.00 | 11.00 | 10.00 | 10.00 | 10.00 | 10.00 | 11.00 | 12.00 | 10.00 | - | - | - | 5.00 |
| EBITDA | -100.0% | - | 569 | 584 | 583 | 523 | 442 | 379 | 308 | 262 | 225 | 234 | 268 | 283 | 309 | 411 | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.85* | 0.88* | 0.88* | 0.88* | 0.86* | 0.84* | 0.81* | 0.80* | 0.78* | 0.77* | 0.78* | 0.77* | 0.78* | 0.84* | - | - | - | - |
| Earnings Before Taxes | -4.5% | 530 | 555 | 569 | 566 | 506 | 425 | 363 | 293 | 247 | 210 | 220 | 253 | 270 | 298 | 402 | 418 | 477 | 702 | 262 |
| EBT Margin | -100.0% | - | 0.83* | 0.85* | 0.86* | 0.85* | 0.83* | 0.80* | 0.77* | 0.75* | 0.72* | 0.73* | 0.74* | 0.74* | 0.75* | 0.82* | - | - | - | - |
| Net Income | -4.3% | 417 | 435 | 446 | 426 | 380 | 318 | 270 | 236 | 198 | 169 | 176 | 200 | 214 | 236 | 319 | 333 | 379 | 560 | 210 |
| Net Income Margin | -100.0% | - | 0.65* | 0.67* | 0.64* | 0.64* | 0.62* | 0.60* | 0.62* | 0.60* | 0.58* | 0.58* | 0.59* | 0.59* | 0.60* | 0.65* | - | - | - | - |
| Free Cashflow | -100.0% | - | 454 | 447 | 388 | 342 | 304 | 249 | 207 | 193 | 187 | 202 | 211 | 213 | 223 | 311 | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2019Q4 |
| Assets | 4.8% | 1,001 | 955 | 877 | 829 | 765 | 857 | 764 | 696 | 634 | 614 | 572 | 598 |
| Current Assets | 3.7% | 738 | 711 | 633 | 589 | 524 | 619 | 527 | 458 | 398 | 376 | 333 | - |
| Cash Equivalents | 3.2% | 609 | 591 | 511 | 447 | 390 | 507 | 428 | 373 | 330 | 313 | 283 | 304 |
| Net PPE | -2.2% | 84.00 | 86.00 | 85.00 | 82.00 | 83.00 | 80.00 | 80.00 | 79.00 | 77.00 | 78.00 | 79.00 | 88.00 |
| Liabilities | -9.8% | 114 | 126 | 105 | 108 | 119 | 129 | 112 | 95.00 | 87.00 | 100 | 86.00 | 86.00 |
| Current Liabilities | -26.5% | 45.00 | 61.00 | 40.00 | 44.00 | 57.00 | 67.00 | 51.00 | 29.00 | 22.00 | 34.00 | 21.00 | - |
| Shareholder's Equity | 7.1% | 888 | 829 | 773 | 721 | 645 | 728 | 652 | 601 | 547 | 514 | 485 | 512 |
| Retained Earnings | 8.1% | 1,003 | 928 | 866 | 790 | 683 | 742 | 668 | 615 | 552 | 517 | 488 | - |
| Additional Paid-In Capital | 36.8% | 11.00 | 8.00 | 8.00 | 5.00 | 3.00 | 2.00 | 0.00 | - | - | - | - | - |
| Shares Outstanding | -0.2% | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2018Q4 |
| Cashflow From Operations | -0.7% | 451 | 454 | 447 | 405 | 364 | 321 | 265 | 220 | 199 | 191 | 207 | 216 | 208 | 275 | 343 | 195 |
| Share Based Compensation | 9.1% | 10.00 | 9.00 | 8.00 | 6.00 | 4.00 | 2.00 | 0.00 | - | - | - | - | - | - | - | - | - |
| Cashflow From Investing | -127.0% | -40.79 | -17.97 | -21.40 | -19.60 | -18.79 | -18.73 | -15.00 | -10.34 | -5.16 | -3.00 | -26.00 | -34.20 | -50.62 | -97.77 | -111 | -81.53 |
| Cashflow From Financing | 45.5% | -188 | -346 | -336 | -311 | -285 | -107 | -104 | -152 | -122 | -98.89 | -201 | -165 | -248 | -496 | -50.90 | -70.05 |
| Dividend Payments | -61.3% | 96.00 | 249 | 247 | 245 | 244 | 87.00 | 85.00 | 142 | 120 | 99.00 | 202 | 165 | 248 | 496 | 47.00 | 32.00 |
| Buy Backs | -5.1% | 90.00 | 94.00 | 88.00 | 66.00 | 42.00 | 20.00 | 20.00 | 11.00 | 3.00 | - | - | - | - | - | 4.00 | 38.00 |
TPL Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND TOTAL COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Total revenues | $ 160,609 | $ 176,270 | $ 306,971 | $ 323,605 |
| Expenses: | ||||
| Salaries and related employee expenses | 10,596 | 9,588 | 21,189 | 18,973 |
| Water service-related expenses | 10,287 | 3,915 | 15,943 | 6,697 |
| General and administrative expenses | 3,329 | 3,674 | 6,884 | 6,641 |
| Legal and professional fees | 10,154 | 1,163 | 26,782 | 2,882 |
| Ad valorem and other taxes | 2,070 | 2,042 | 3,644 | 4,085 |
| Depreciation, depletion and amortization | 3,893 | 4,180 | 7,297 | 8,306 |
| Total operating expenses | 40,329 | 24,562 | 81,739 | 47,584 |
| Operating income | 120,280 | 151,708 | 225,232 | 276,021 |
| Other income, net | 6,871 | 630 | 12,260 | 706 |
| Income before income taxes | 127,151 | 152,338 | 237,492 | 276,727 |
| Income tax expense | 26,758 | 33,444 | 50,531 | 59,933 |
| Net income | 100,393 | 118,894 | 186,961 | 216,794 |
| Total other comprehensive income (loss) | (26) | 8 | (51) | 16 |
| Total comprehensive income | $ 100,367 | $ 118,902 | $ 186,910 | $ 216,810 |
| Net income per share of common stock | ||||
| Net income per sub-share certificate - basic (in dollars per share) | $ 13.06 | $ 15.37 | $ 24.31 | $ 28.02 |
| Net income per sub-share certificate - diluted (in dollars per share) | $ 13.05 | $ 15.37 | $ 24.30 | $ 28.01 |
| Weighted average number of shares of common stock outstanding | ||||
| Weighted average number of shares of common stock outstanding - basic (in shares) | 7,685,662 | 7,733,730 | 7,689,352 | 7,737,527 |
| Weighted average number of shares of common stock outstanding - diluted (in shares) | 7,690,950 | 7,737,112 | 7,694,548 | 7,739,859 |
| Cash dividends per share of common stock (in USD per share) | $ 3.25 | $ 23.00 | $ 6.50 | $ 26.00 |
| Oil and gas royalties | ||||
| Revenues: | ||||
| Total revenues | $ 82,412 | $ 121,268 | $ 171,542 | $ 225,440 |
| Water sales | ||||
| Revenues: | ||||
| Total revenues | 37,648 | 22,272 | 59,377 | 41,092 |
| Produced water royalties | ||||
| Revenues: | ||||
| Total revenues | 20,841 | 18,669 | 40,975 | 33,539 |
| Easements and other surface-related income | ||||
| Revenues: | ||||
| Total revenues | 18,708 | 13,990 | 33,677 | 23,182 |
| Land sales and other operating revenue | ||||
| Revenues: | ||||
| Total revenues | $ 1,000 | $ 71 | $ 1,400 | $ 352 |
TPL Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 609,252 | $ 510,834 |
| Accounts receivable and accrued receivables, net | 120,771 | 103,983 |
| Prepaid expenses and other current assets | 5,312 | 7,427 |
| Tax like-kind exchange escrow | 2,195 | 6,348 |
| Prepaid income taxes | 0 | 4,809 |
| Total current assets | 737,530 | 633,401 |
| Real estate acquired | 130,024 | 109,704 |
| Property, plant and equipment, net | 84,324 | 85,478 |
| Royalty interests acquired, net | 45,920 | 45,025 |
| Other assets | 3,526 | 3,819 |
| Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned: | ||
| Total assets | 1,001,324 | 877,427 |
| LIABILITIES AND EQUITY | ||
| Accounts payable and accrued expenses | 27,156 | 23,443 |
| Ad valorem and other taxes payable | 6,355 | 8,497 |
| Income taxes payable | 5,151 | 3,167 |
| Unearned revenue | 6,222 | 4,488 |
| Total current liabilities | 44,884 | 39,595 |
| Deferred taxes payable | 40,478 | 41,151 |
| Unearned revenue - noncurrent | 26,638 | 21,708 |
| Accrued liabilities - noncurrent | 1,774 | 2,086 |
| Total liabilities | 113,774 | 104,540 |
| Commitments and contingencies | 0 | 0 |
| Equity: | ||
| Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of June 30, 2023 and December 31, 2022 | 0 | 0 |
| Common stock, $0.01 par value; 7,756,156 shares authorized and 7,679,145 and 7,695,679 outstanding as of June 30, 2023 and December 31, 2022, respectively | 78 | 78 |
| Treasury stock, at cost; 77,011 and 60,477 shares as of June 30, 2023 and December 31, 2022, respectively | (128,502) | (104,139) |
| Additional paid-in capital | 10,582 | 8,293 |
| Accumulated other comprehensive income | 2,465 | 2,516 |
| Retained earnings | 1,002,927 | 866,139 |
| Total equity | 887,550 | 772,887 |
| Total liabilities and equity | 1,001,324 | 877,427 |
| Land (surface rights) | ||
| Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned: | ||
| Land (surface rights) | 0 | 0 |
| 1/16th nonparticipating perpetual royalty interest | ||
| Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned: | ||
| 1/16th nonparticipating perpetual royalty interest | 0 | 0 |
| 1/128th nonparticipating perpetual royalty interest | ||
| Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned: | ||
| 1/128th nonparticipating perpetual royalty interest | $ 0 | $ 0 |
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 own a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres located in the western part of Texas. In addition, this segment engages in easements and commercial leases activities, such as oil, gas and related hydrocarbons, power line and utility easements, and subsurface wellbore easements. Further, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche. Its 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 holds royalties for water sourced from its land. Texas Pacific Land Corporation was founded in 1888 and is headquartered in Dallas, Texas.