Texas Pacific Land Corporation (TPL), headquartered in Dallas, Texas, owns and manages tracts of land and resource, and water services and operations businesses in Texas. Valued at $26.6 billion by market cap, the company’s income is derived from land sales, oil and gas royalties, grazing leases, and interest.
Shares of this leading owner of oil and gas surface acreage and subsurface mineral interests have underperformed the broader market over the past year. TPL has declined 18.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 25.2%. However, in 2026, TPL stock is up 34.1%, surpassing the SPX’s 8.2% rise on a YTD basis.
