Texas Pacific Land Corporation (TPL) Fair Value & Analysis
Energy · US · Market cap $28.7B · ISIN US88262P1021
What is Texas Pacific Land Corporation really worth?
Texas Pacific Land Corporation
TPL · US
A strong business, but trading 374% above our fair value of $77.26.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 26 valuation models · updated today
Share price −7.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case ($243.50). The favourable scenario is already priced in.
- The model range is unusually wide ($54.71 to $243.50). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range $103.09 – $571.05 · fair‑value band $54.71 – $243.50 · the $366.50 price screens above the $77.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Texas Pacific Land Corporation (TPL) currently trades at $366.50, while our model-based Fair Value estimate is $77.26, implying the stock looks roughly 374.4% overvalued today. The Quality Score stands at 75/100 (high quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of $187.31 per share, and 0 of the 26 models we run sit above the $366.50 price. Bear case: the Asset-Based group reads lowest at $14.17, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Texas Pacific Land Corporation generated revenue of $839M at a net margin of 60.0%. Revenue grew 20.8% year over year. It earns a return on equity of 36.5%. The balance sheet holds a net cash position of $112M. Fundamentals as of Sep 5, 2026
Our scenario range runs from $54.71 (bear case) to $243.50 (bull case); at $366.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at −31% fair-value upside, at −79%, TPL screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $3.44 per share, which is 4.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings ($187.31) versus Asset-Based ($14.17). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 44
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Texas Pacific Land Corporation reported revenue of $798M in FY2025 versus $451M in FY2021, a compound +15.3%/yr. Reported net income was $481M in FY2025, compounding +15.6%/yr from FY2021.
of which total revenue +30.5 % · buybacks/dilution −6.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
TPL screens 374% overvalued. Compare with CNOOC Limited →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Do Wall Street Analysts Like Texas Pacific Land Stock?
- Peabody Energy, Borr Drilling, Texas Pacific Land, Halliburton, and Transocean Stocks Trade Up, What You Need To Know
- 5 Must-Read Analyst Questions From Texas Pacific Land’s Q2 Earnings Call
Peer Group
Oil & Gas E&P · 296 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas E&P median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 66/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CNOOC Limited 600938 | ¥32.85 | ¥32.55 | −1% |
| ConocoPhillips explores for, COP | $130.35 | $90.15 | −31% |
| Canadian Natural Resources Limited CNQ | C$69.03 | C$44.78 | −35% |
| EOG Resources, Inc EOG | $143.35 | $132.20 | −8% |
| Occidental Petroleum Corporation OXY | $59.17 | $30.06 | −49% |
| Diamondback Energy, Inc FANG | $200.52 | $105.24 | −48% |
| Devon Energy Corporation DVN | $47.35 | $27.06 | −43% |
| Woodside Energy Group WDS | A$32.55 | A$20.71 | −36% |
| EQT Corporation EQT | $54.57 | $42.85 | −21% |
| Expand Energy Corporation EXE | $98.16 | $106.45 | +8% |
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