TPL · Texas Pacific Land Corp
$364.38
-5.33 (-1.44%)
At close · Aug 28
Market Cap
$25.13B
Shares
68.97M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$364.38
Open$370.79
Day$361.60–376.00
Since split$281.39–539.79
Avg vol 30d366K
Short int4.4M · 6.3% float · 9.6d
Short vol63%
Last earningsAug 6, 2026
DataDec 2025–Aug 2026
Filing10-Q · Aug 5
Raw chart and full-history price indicators begin at the captured split on Dec 23, 2025; bars on opposite sides are not compared.
The closing range begins at the captured split on Dec 23, 2025.
Up next
Next earnings call
Nov 5, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 5, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Bullish
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 14.4 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 50-day avg
−6%
below
RSI (14)
45
neutral
MACD trend
Positive
52-week position
32%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−9%
trailing
6-month return
−33%
trailing
YTD return
+27%
this year
Relative strength
−46%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50/200-day averages unavailable
Institutional flow
Accumulating
+1% holders QoQ · +94 funds added
Insider flow
Accumulating
Net +$25.6K over 90 days · 0% sells
Short interest
Rising
6.31% of float · ▲ +1.2% MoM · 9.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
872 holders — near 3-yr high, broad support
Squeeze score
69
elevated · 0–100
Fundamentals
Revenue growth
+13%
Y/Y
EPS growth
+6%
Y/Y
Free cash flow
$526.9M
Valuation
P/E 46.5
rich
Buyback
$170.2M
remaining
Quant / Vol
risk profile
Volatility
51%
annualized · 1-yr
Max drawdown
−37%
past year
ATR
4.6%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Dec 31, 2025
Capital expenditures
· fiscal year 2026
$65M – $75M
Prior guidance
period ended
· from the Earnings Call filed Dec 31, 2024
Total cost of Phase 2b
· middle of this year
$25M
Additional capital investment for behind-the-grid gas-to-electri
· this year
$10M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 50-day avg
−6%
Bearish
RSI (14)
45
Neutral
MACD trend
Positive
Bullish
52-week position
32%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50/200-day averages unavailable
Institutional flow
Accumulating
+1% holders QoQ · +94 funds added
Insider flow
Accumulating
Net +$25.6K over 90 days · 0% sells
Short interest
Rising
6.31% of float · ▲ +1.2% MoM · 9.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
872 holders — near 3-yr high, broad support
Price context
position in its range since split · 2025-12-23
Range low $281
Now $364 · 32%
Range high $540
vs 50-day avg -6%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $397M | Six Months Ended June 30, 2026 | — |
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| Adjusted EBITDA margin non-GAAP | 88% | 2Q 2026 | — |
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| Average monthly horizontal permits | 612 | Three Months Ended June 30, 2026 filing | — |
| Average monthly horizontal wells drilled | 462 | Three Months Ended June 30, 2026 filing | — |
| Average realized price | $42.17 | the three months ended June 30, 2026 filing | — |
| Average weekly horizontal rig count | 224 | Three Months Ended June 30, 2026 filing | — |
| DUCs as of June 30 for each applicable year | 3,872 | Three Months Ended June 30, 2026 filing | — |
| EBITDA non-GAAP | 409.91M | Six Months Ended June 30, 2026 | — |
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| Equivalents per day | 39.7 | the three months ended June 30, 2026 filing | — |
| Equivalents realized price | $42.17 | the three months ended June 30, 2026 filing | — |
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| Free cash flow non-GAAP | $291.9M | Six Months Ended June 30, 2026 | — |
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| Free cash flow margin non-GAAP | 63% | 2Q 2026 | — |
| Henry Hub natural gas average price per mmbtu | $2.95 | Three Months Ended June 30, 2026 filing | — |
| Natural gas realized price | $0.4 | the three months ended June 30, 2026 filing | — |
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| Net drilled but uncompleted wells (DUCs) | 9.5 | As of June 30, 2026 | — |
| Net producing wells | 131.9 | As of June 30, 2026 | — |
| Net well permits | 5.6 | As of June 30, 2026 | — |
| NGL realized price | $22.44 | the three months ended June 30, 2026 filing | — |
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| Oil and gas royalty production | 38.4K | Six Months Ended June 30, 2026 | — |
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| Oil realized price | $97.55 | the three months ended June 30, 2026 filing | — |
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| Our share of oil and gas produced | 39.7K | Three Months Ended June 30, 2026 filing | — |
| Our share of production | 39.7K | the three months ended June 30, 2026 filing | — |
| Our share of production volumes — Equivalents | 3,615 | the three months ended June 30, 2026 filing | — |
| Our share of production volumes — Equivalents per day | 39.7 | the three months ended June 30, 2026 filing | — |
| Our share of production volumes — Natural gas | 7,161 | the three months ended June 30, 2026 filing | — |
| Our share of production volumes — NGL | 1,142 | the three months ended June 30, 2026 filing | — |
| Our share of production volumes — Oil | 1,280 | the three months ended June 30, 2026 filing | — |
| Produced water royalties volumes | 857,787 | Six Months Ended June 30, 2026 | — |
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| Produced water royalties volumes per day | 4,739 | Six Months Ended June 30, 2026 | — |
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| Produced water royalty volumes | 4.9M | second quarter of 2026 | — |
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| Realized prices: Natural gas | $0.4 | the three months ended June 30, 2026 filing | — |
| Realized prices: NGL | $22.44 | the three months ended June 30, 2026 filing | — |
| Realized prices: Oil | $97.55 | the three months ended June 30, 2026 filing | — |
| Total Average U.S. weekly horizontal rig count | 482 | Three Months Ended June 30, 2026 filing | — |
| Waha Hub natural gas average price per mmbtu | -$2.92 | Three Months Ended June 30, 2026 filing | — |
| Water sales volumes | 134,090 | Six Months Ended June 30, 2026 | — |
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| Water sales volumes per day | 741 | Six Months Ended June 30, 2026 | — |
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| WTI Cushing oil average price per Bbl | $95.65 | Three Months Ended June 30, 2026 filing | — |
| Average daily trading volume | 447,000 | 1-yr avg | — |
| Core Permian Net Royalty Acres | 28,000 | 2025 | — |
| EBITDA margin non-GAAP | 86% | FY 2025 | — |
| FCF Margin non-GAAP | 58% | 1Q 2026 | — |
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| Net completed but not producing wells (CUPs) | 5.2 | As of March 31, 2026 | — |
| Net PDPs | 116.1 | FY 2025 | — |
| Produced water royalty volumes per day | 4,605 | Q1 2026 | — |
| TPL O&G Royalty Production | 34.6 | 2025 | — |
| TPL Produced Water Royalties Volumes | 763 | 2025 | — |
| TPL Produced Water Royalty Volumes | 4,292 | 2025 | — |
| TPL Water Sales Volumes | 34.6 | 2025 | — |
| Well inventory | 914 | 2026 | — |
| 2025 Adj. EBITDA Margin non-GAAP | 86% | FY 2025 | — |
| 2025 Adjusted EBITDA non-GAAP | $687M | FY 2025 | — |
| 2025 FCF Margin non-GAAP | 62% | FY 2025 | — |
| Average daily trading volume (1-yr avg) | 407,000 | FY 2025 | — |
| Average lateral length of net producing wells added during the quarter | 10,910T | Q4 2025 | — |
| DUCs | 827 | FY 2025 | — |
| Land and Resource Management Adj. EBITDA non-GAAP | $105.3M | 4Q 2025 | — |
| Net Royalty Acres (100% net basis) | 28,000 | FY 2025 | — |
| Normalized to 1/8th Royalty Acres | 224,000 | FY 2025 | — |
| O&G Royalty Production | 4,822 | 4Q 2025 | — |
| Oil Realizations | $59.48 | 4Q 2025 | — |
| Permits | 460 | FY 2025 | — |
| Produced water royalties | 443,578 | Three Months Ended December 31, 2025 | — |
| Surface Acres | 882,000 | FY 2025 | — |
| Total Water Sales Volumes | 37.5 | 4Q 2025 | — |
| Water sales | 92,072 | Three Months Ended December 31, 2025 | — |
| Water Service and Operations Adj. EBITDA non-GAAP | $72.8M | 4Q 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas E&P — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TPL
this stock
Texas Pacific Land Corp
|
$25.13B | +26.9% | +13.1% | 46.5 | 6.3% |
|
COP
Conocophillips
|
$156.59B | +39.2% | +7.7% | 17.2 | 1.4% |
|
CNQ
CANADIAN NATURAL RESOURCES Ltd
|
$100.99B | +44.7% | — | — | 2.8% |
|
EOG
Eog Resources Inc
|
$75.79B | +36.5% | -4.5% | 11.2 | 2.8% |
|
OXY
Occidental Petroleum Corp /De/
|
$59.13B | +43.7% | -1.9% | — | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
Raw-price comparisons begin at the captured split on Dec 23, 2025; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TPL | -5.0% | -9.5% | -32.5% | -9.5% | +26.9% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -5.5% | -12.5% | -45.9% | -12.5% | +14.0% |
Capital returns
Latest dividend
$0.60
/ share · ex Jun 1, 2026
Declared · upcoming
$0.60
/ share · ex Sep 1, 2026
Paid (TTM)
$2.2667
/ share · 4 payouts
Dividend yield (TTM, derived)
0.62%
Buyback program
· as of Jun 30, 2026
Authorized
$250.00M
Spent (derived)
$79.80M
Remaining
$170.20M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1811074
CUSIP
88262P102
13F (30d)
578 filings
565 filers
Visit website
Investor relations