
Texas Pacific Land Corporation (TPL) is a land and resource management company headquartered in Dallas, Texas, with a history dating back to its founding in 1888. TPL is one of the largest private landowners in Texas, and generates most of its revenue from oil and gas royalties, land easements, water services, and related resource activities rather than producing hydrocarbons itself. The company’s market cap is around $28.5 billion.
TPL has underperformed the broader market over the past year but outpaced significantly this year, with a slump of 7.5% over the past 52 weeks and substantial gains of 44.1% in 2026. Meanwhile, the S&P 500 Index ($SPX) has soared 14.4% over the past year and is up 1.4% on a YTD basis.