TORVANTA
Energy · S&P 500 · data as of 2026-10-05

TPL stock analysis: Texas Pacific Land

Texas Pacific Land (TPL) is an S&P 500 company in Oil & Gas Exploration & Production. It grades strongest on profitability and weakest on growth, value and momentum.

The model's view of TPL · subscribers

Where TPL ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with TPL · updated 2026-10-05 · from prices and SEC filings

TPL price performance

TPL against the S&P 500, one year
+0%+50%S&P 500 +18%TPL +13%2025-09-292026-10-05
Year to date+20.5%S&P 500 +14.5% · ahead by 6.0 pts
1 year+10.0%S&P 500 +17.0% · behind by 7.0 pts
3 years+81.3%S&P 500 +89.3% · behind by 8.0 pts
5 years+177.7%S&P 500 +91.3% · ahead by 86.4 pts

Total returns with dividends reinvested.

TPL factor grades

Each grade compares TPL with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D-ValueFCF yield 2.5% (industry 12.6%)
C-GrowthRevenue growth +21% (industry +20%)EPS growth -95% (industry +1%)
AProfitabilityOperating margin 74.9% (industry 32.9%)ROIC 37.4% (industry 12.8%)
D-Momentum12-month change +10%From 52-wk high -36%

TPL in plain numbers

TPL key statistics

SectorEnergy
IndustryOil & Gas Exploration & Production
IndexS&P 500
Market value$23.8B
Revenue growth (y/y)+21%
Free-cash-flow yield2.5%
Dividend yield0.7%
Next earnings (expected)2026-11-04
Valuation measures
Market value$23.8B
Enterprise value$23.5B
Forward P/E (Torvanta estimate)377.9x
Price / sales26.5x
Price / book14.2x
EV / revenue26.2x
EV / EBITDA31.8x
Financial highlights
Revenue, last 12 months$897.5M
Net income, last 12 months$541.4M
EPS, last 12 months (GAAP)$-2.53
Operating margin74.9%
Net margin60.3%
Return on equity36.6%
Return on invested capital37.4%
Cash$248.6M
Total debt$0
Current ratio4.55x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

TPL earnings trends

Revenue vs earnings
$0$61.5M$123.0M$184.5M$246.1MSep 2024 Revenue: $173.6MDec 2024 Revenue: $185.8MMar 2025 Revenue: $196.0MJun 2025 Revenue: $187.5MSep 2025 Revenue: $203.1MDec 2025 Revenue: $211.6MMar 2026 Revenue: $236.8MJun 2026 Revenue: $246.1MSep 2024 Net income: $106.6MDec 2024 Net income: $118.4MMar 2025 Net income: $120.7MJun 2025 Net income: $116.1MSep 2025 Net income: $121.2MDec 2025 Net income: $123.3MMar 2026 Net income: $142.9MJun 2026 Net income: $153.9MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 61.4%Net margin: 63.7%Net margin: 61.6%Net margin: 61.9%Net margin: 59.7%Net margin: 58.3%Net margin: 60.3%Net margin: 62.6%0%32%64%■ Revenue ■ Net income ━ Net margin
Earnings per share$-8.6$-5.9$-3.2$-0.5$2.2Sep 2024 EPS (GAAP, diluted): $1.5Dec 2024 EPS (GAAP, diluted): $1.7Mar 2025 EPS (GAAP, diluted): $1.8Jun 2025 EPS (GAAP, diluted): $1.7Sep 2025 EPS (GAAP, diluted): $1.8Dec 2025 EPS (GAAP, diluted): $-8.6Mar 2026 EPS (GAAP, diluted): $2.1Jun 2026 EPS (GAAP, diluted): $2.2Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +14% · Dec 2025 -601% · Mar 2026 +19% · Jun 2026 +32%

From the company's 10-Q and 10-K filings with the SEC.

Texas Pacific Land financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$451.0M$667.4M$631.6M$705.8M$798.2M
Net income$270.0M$446.4M$405.6M$454.0M$481.4M
EPS (GAAP)$3.87$6.42$5.86$6.57$-3.40
Free cash flow$248.7M$428.2Mn/an/an/a

TPL earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05$2.23+32%+31%-9.7%
2026-05-06$2.07+19%+21%-8.4%
2026-02-18$-8.59-601%+14%+13.9%
2025-11-05$1.76+14%+17%+11.3%
2025-08-06$1.68+1%+9%-10.2%
2025-05-07$1.75+5%+13%-4.6%

About Texas Pacific Land

HeadquartersDallas, TX
Industry (SEC code)Oil Royalty Traders
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE

From the company's SEC registration record.

Companies similar to TPL

CompanyMarket valueP/ERevenue growthOperating margin12-month change
TPL Texas Pacific Land$23.8Bn/a+21%74.9%+10%
EXE Expand Energy$20.0B7.5x+59%26.9%-18%compare
EQT EQT Corp$32.0B11.9x+32%42.5%-8%compare
FANG Diamondback$51.5B35.0x+21%6.3%+28%compare
DVN Devon Energy$52.8B11.4x+15%n/a+42%
OXY Occidental$58.3B9.0x-20%n/a+33%
EOG EOG Resources$75.6B11.2x+19%32.9%+35%

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Frequently asked questions

Is TPL stock a buy?

Torvanta does not tell individuals what to buy. Its grades for TPL are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is TPL's P/E ratio?

TPL trades at about 351.7 times its last 12 months of GAAP earnings reported to the SEC, and about 377.9 times Torvanta's own estimate of the next 12 months.

When does TPL report earnings next?

Based on its filing history, Torvanta expects Texas Pacific Land to report around 2026-11-04.

Does TPL pay a dividend?

Yes. Its dividend yield is about 0.7%.

How has TPL performed against the S&P 500?

Over the past year TPL returned +10.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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