Is Texas Pacific Land Corporation (TPL) overvalued or fairly valued?

MarketChacha shows Texas Pacific Land Corporation's valuation in context — a trailing P/E of about 32.7, a forward P/E of about 5.0, a price-to-book of about 16.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Texas Pacific Land Corporation's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.08×) from reported figures — education, not a rating.

What is Texas Pacific Land Corporation's revenue?

Texas Pacific Land Corporation reported revenue of $798.2M for FY2025, with net profit of $481.4M, per official filings.

What is the share price of Texas Pacific Land Corporation (TPL)?

Texas Pacific Land Corporation last traded at $367.32 (-0.7% on the day), as of 9/2/2026 — a delayed quote shown for education, not investment advice.

Texas Pacific Land Corporation

TPL · NYSE · Energy · United States

Snapshot

TickerTPL

ExchangeNYSE

SectorEnergy

IndustryOil & Gas E&P

CountryUnited States

Employees114

HeadquartersDallas, United States

Websitewww.texaspacific.com

Filings tracked20

About Texas Pacific Land Corporation

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 related hydrocarbons, power line and utility, and subsurface wellbore easements. In addition, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche, sand, and other material, as well as sells land. The Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water treatment, infrastructure development, and disposal solutions to operators in the Permian Basin. This segment also holds produced water royalties. The company owns 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 33,000 additional net royalty acres, total of approximately 224,000 NRA located in the Permian Basin. The company was founded in 1888 and is headquartered in Dallas, Texas.

Who owns it

Insiders0.2%
Institutions75.1%
Public & other24.8%

1,172 institutional holders

Ownership breakdown from public market data.

Top holders

Horizon Kinetics Asset Management LLC14.21%
Blackrock Inc.7.68%
State Street Corporation5.75%
Vanguard Capital Management LLC5.52%
Vanguard Portfolio Management LLC4.62%
Geode Capital Management, LLC2.39%
First Manhattan Co. LLC1.54%
SoftVest Advisors, LLC1.54%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 2.8 points over the period — profitability is trending down.

Cash conversion1.08×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Operating margin trend77.0% → 74.2%

Margin has compressed by about 2.8 points over the period — profitability is trending down.

Return on equity33.0%

Latest ROE of 33.0% — capital is generating a healthy return.

Growth qualityrev 12% · PAT 9%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

One-off items3 of last 3 yrs

Recent reported profit includes sizeable one-off / non-operating items — the underlying operating trend may differ from the headline.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $268.0M · EPS 2.34

Next fiscal year

Rev $1.1B · EPS 9.76

Analyst consensus estimates — not the company's own guidance.

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$798.2M

ROE

33.0%

Revenue CAGR (2y)

+12.4%

Profit CAGR (2y)

+8.9%

EPS (FY2025)

6.97

Net profit (FY2025)

$481.4M

Ask MarketChacha about TPL

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	ROE
FY2025	$798.2M	$481.4M*	6.97	33.0%
FY2024	$705.8M	$454.0M*	6.57	40.1%
FY2023	$631.6M	$405.6M*	5.86	38.9%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$246.1M	$153.9M*	2.23	—
2026Q1	$236.8M	$142.9M*	2.07	—
2025Q3	$203.1M	$121.2M	5.27	59.7%
2025Q2	$187.5M	$116.1M*	1.68	—
2025Q1	$196.0M	$120.7M*	1.75	—
2024Q3	$173.6M	$106.6M*	4.63	—
2024Q2	$172.3M	$114.6M*	4.98	—
2024Q1	$174.1M	$114.4M*	4.97	—
2023Q3	$158.0M	$105.6M*	4.58	—
2023Q2	$160.6M	$100.4M*	4.35	—
2023Q1	$146.4M	$86.6M	3.75	59.1%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/5/2026material
10-Q filing
SEC8/5/2026
8-K — Reg FD disclosure, Exhibits
SEC6/23/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/18/2026material
8-K — Material agreement, Results of operations, Executive/director change, Reg FD disclosure, Exhibits
SEC5/6/2026material
10-Q filing
SEC5/6/2026
8-K — Reg FD disclosure, Exhibits
SEC4/9/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/18/2026material
10-K filing
SEC2/18/2026

2025

8-K — Reg FD disclosure, Exhibits
SEC12/17/2025material
8-K — Bylaw/charter change, Reg FD disclosure, Exhibits
SEC12/2/2025material
8-K — Shareholder vote results
SEC11/12/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC11/5/2025material
10-Q filing
SEC11/5/2025
8-K — Material agreement, Material financial obligation, Reg FD disclosure, Exhibits
SEC10/27/2025material
8-K — Executive/director change
SEC8/27/2025material
8-K — Reg FD disclosure, Exhibits
SEC8/14/2025material
8-K — Bylaw/charter change, Exhibits
SEC8/8/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/6/2025material
10-Q filing
SEC8/6/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.