Texas Pacific Land Corporation (TPL)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 303 | 451 | 667 | 632 | 706 | 798 | 898 | 1,010 |
| Operating profit | $m | 592 | 672 | ||||||
| Net profit | $m | 176 | 270 | 446 | 406 | 454 | 481 | 541 | 642 |
| EPS reported | $ | 6.97 | 7.84 | ||||||
| Operating cashflow per share | $ | 7.92 | 8.74 | ||||||
| Capex per share | $ | 0.86 | 1.11 | ||||||
| FCF per share | $ | 7.05 | 7.64 | ||||||
| Free cash flow | $m | 486 | 527 | ||||||
| Net debt | $m | -129 | -249 | ||||||
| Book value equity | $m | 1,459 | 1,672 | ||||||
| Book value per share | $ | 21.14 | 24.23 | ||||||
| Number of shares | m | 69.03 | 69.03 | ||||||
| DPS (TTM paid) | $ | 2.13 | 2.33 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 41.21 | 51.16 | ||||||
| P/B LTM | x | 13.57 | 11.84 | ||||||
| P/S LTM | x | 24.81 | 22.06 | ||||||
| P/FCF LTM | x | 40.72 | 37.60 | ||||||
| EV/EBITDA LTM | x | 30.04 | 26.40 | ||||||
| EV/Sales LTM | x | 24.67 | 26.83 | ||||||
| Earnings Yield LTM | % | +2.43% | +1.95% | ||||||
| FCF Yield | % | +2.46% | +2.66% | ||||||
| Quality | |||||||||
| ROE | % | +33.00% | +35.77% | ||||||
| ROIC | % | +30.12% | +30.14% | ||||||
| Operating margin | % | +74.19% | +74.92% | ||||||
| Gross margin | % | +85.46% | +1.00% | ||||||
| FCF/Sales | % | +60.94% | +58.68% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +6.04% | +19.27% | ||||||
| Sales Growth YoY | % | +13.09% | +27.16% | ||||||
| Net Income Growth YoY | % | +6.04% | +19.27% | ||||||
| FCF Growth | % | +5.51% | +14.26% | ||||||
| Operating Profit Growth | % | +9.83% | +24.73% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +0.75% | +0.54% | ||||||
| Dividend Growth | % | +25.33% | +37.08% | ||||||
| Payout Ratio | % | +30.72% | +28.97% | ||||||
| FCF/Debt | x | 15.03 | 33.95 | ||||||
| Net Debt/EBITDA | x | -0.17 | -0.31 | ||||||
| EBIT/Net interest | x | 0.00 | 342.23 | ||||||
| Net debt/market cap | % | +0.08% | 0.00% | ||||||
| Net debt/Equity | x | -0.09 | -0.15 | ||||||
| Gross debt/equity | x | 0.02 | 0.01 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services. Its Land and Resource Management division oversees a vast land portfolio, spanning nearly 880,000 acres. This segment also holds significant oil and gas royalty interests. These include perpetual non-participating royalty interests (NPRIs) covering approximately 85,000 acres (at a 1/128th rate) and about 371,000 acres (at a 1/16th rate). Furthermore, it possesses around 4,000 additional net royalty acres, primarily located in West Texas. The segment grants various easements and commercial leases for purposes such as oil, gas, and hydrocarbon infrastructure, power and utility lines, and subsurface wellbores. It also leases its land for facilities like processing, storage, and compression plants, as well as roads, and sells materials such as caliche. The Water Services and Operations division provides comprehensive water solutions to energy operators throughout the Permian Basin. Its services encompass water sourcing, the gathering and treatment of produced water, infrastructure development, disposal solutions, water tracking, analytics, and well testing. This segment also generates royalty income from water extracted from its own lands. Founded in 1888, Texas Pacific Land Corporation maintains its headquarters in Dallas, Texas.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services. Its Land and Resource Management division oversees a vast land portfolio, spanning nearly 880,000 acres. This segment also holds significant oil and gas royalty interests. These include perpetual non-participating royalty interests (NPRIs) covering approximately 85,000 acres (at a 1/128th rate) and about 371,000 acres (at a 1/16th rate). Furthermore, it possesses around 4,000 additional net royalty acres, primarily located in West Texas. The segment grants various easements and commercial leases for purposes such as oil, gas, and hydrocarbon infrastructure, power and utility lines, and subsurface wellbores. It also leases its land for facilities like processing, storage, and compression plants, as well as roads, and sells materials such as caliche. The Water Services and Operations division provides comprehensive water solutions to energy operators throughout the Permian Basin. Its services encompass water sourcing, the gathering and treatment of produced water, infrastructure development, disposal solutions, water tracking, analytics, and well testing. This segment also generates royalty income from water extracted from its own lands. Founded in 1888, Texas Pacific Land Corporation maintains its headquarters in Dallas, Texas.
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