Texas Pacific Land CorporationNYSE: TPL
Energy · Oil & Gas Exploration & Production
$434.32
-2.11%
Vol: 322K
Research Digest
Friday, May 1, 2026
Texas Pacific Land YTD +46.9%; CEO Murray Stahl dies; Q1 earnings May 6
Texas Pacific Land has surged 46.9% year-to-date with 18.4% upside in earnings estimates and 26.5% three-month gains. The company announced the death of CEO and Chairman Murray Stahl, who headed largest shareholder Horizon Kinetics; Steven Bregman and Peter Doyle appointed as co-CEOs. Q1 earnings report scheduled for May 6 with expectations for higher revenue and EPS. KeyBanc noted strong trends in the water services segment driving positive outlook for the diversified land and resource manager.
Previous Market Intelligence
13 daysApr 30Texas Pacific Land soars 46.9% YTD as Horizon Kinetics continues buying (April 27 purchase) and Arizona State Retirement System increases stake 181.4%.Positive▶
Texas Pacific Land (TPL) is experiencing strong momentum with YTD returns of 46.9% and three-month gains of 26.5%, driven by institutional interest and earnings estimate increases of 18.4%. Horizon Kinetics Asset Management (10% owner) purchased additional shares on April 27 at $436.44 per share, demonstrating confidence despite recent leadership changes. Arizona State Retirement System lifted its stake 181.4% in Q4. KeyBanc maintains Overweight rating with $639 price target, highlighting opportunities in power generation, data center development, and water services. Earnings expected May 6, 2026. However, valuation concerns persist with P/E of 62.7x versus industry norms.
Apr 29Texas Pacific Land up 46.9% YTD; Q4 records for oil/gas royalties, water sales; KeyBanc raises PT to $639Positive▶
Texas Pacific Land has delivered 74% YTD gains and 26.5% gains over three months. Q4 2025 set records for oil/gas royalty production, water sales, and produced water royalties, driving annual highs in revenue, net income, and free cash flow. KeyBanc raised price target from $350 to $639, highlighting opportunities in power generation and data center developments on surface acreage plus strong water segment trends. Institutional buying continues with Horizon Kinetics and Arizona State Retirement System increasing stakes. P/E of 62.7x is above industry norms.
Apr 16TPL stock surges 8.47% overnight amid leadership transition following Murray Stahl's passing; Q1 earnings due May 6Mixed▶
Texas Pacific Land Corporation experienced significant volatility following the passing of board member Murray Stahl, CEO and Chairman of major shareholder Horizon Kinetics. Steven Bregman and Peter Doyle were appointed as co-CEOs of Horizon Kinetics. Despite this leadership transition, insider buying activity (Horizon Kinetics purchased shares at $407-$413) signals confidence. KeyBanc reiterated its Overweight rating with $639 price target, highlighting power generation and data center opportunities on TPL's surface acreage and strong trends in the water segment. Q1 2026 earnings are scheduled for release on May 6. The stock showed strong momentum but faces valuation concerns amid market volatility.
Apr 15Texas Pacific Land board member Murray Stahl passes away; stock declines 15.2% on leadership transition amid AI infrastructure pivot.Negative▶
Texas Pacific Land announced the passing of board member Murray Stahl, CEO and Chairman of Horizon Kinetics (largest shareholder with 10% stake), causing shares to drop 15.2%. The company is pivoting toward AI infrastructure, large-scale water desalination, and energy-data hubs. KeyBanc maintained an Overweight rating with a $639 price target. The stock remains up 42.9% year-to-date despite recent volatility.
Apr 14Texas Pacific Land stock faces uncertainty following the passing of Murray Stahl, CEO of top shareholder Horizon Kinetics.Neutral▶
Texas Pacific Land experienced volatility following the death of Murray Stahl, CEO of Horizon Kinetics (TPL largest shareholder with 10% ownership). Analysts project strong Q1 results with EPS of $2.03 and revenue of $242 million. KeyBanc maintained Overweight rating with $639 price target. Stock fell 20.86% over the past month.
Apr 13Texas Pacific Land stock plunged 15.23% after Murray Stahl, CEO of top shareholder Horizon Kinetics and TPL board member, passed away.Negative▶
TPL fell from $448.86 open to $380 low after Murray Stahl's death. Stahl was Horizon Kinetics CEO, largest TPL shareholder representative. Stock recovered 7.18% on April 10. TPL completed 3-for-1 stock split and 3-year data center partnership with Bolt Data & Energy ($50M TPL investment). Acquired 17.3K royalty acres for $450.7M and entered $500M revolver.
Apr 10Texas Pacific Land Plunges 11% After Death of Board Member Murray StahlNegative▶
Stock fell 11% after passing of board member Murray Stahl, CEO of Horizon Kinetics, TPL largest shareholder.
Apr 9Texas Pacific Land completes record 2025 with 12.5% dividend increase and Bolt data center dealPositive▶
Texas Pacific Land Corporation reported record 2025 revenues of $798.2 million and net income of $481.4 million, alongside a 12.5% dividend increase. The company completed an inaugural $500 million credit facility and announced a strategic data center development agreement with Bolt in West Texas, demonstrating diversification beyond traditional oil and gas royalties.
Apr 8Texas Pacific Land reports record 2025 results; strategic Bolt partnership announced for data center developmentMixed▶
Texas Pacific Land (TPL) achieved record revenues and net income for 2025 alongside a 12.5% dividend increase. The company reported Q4 2025 EPS of $1.79, slightly below consensus of $1.83. Key developments include $450.7M investment in net royalty acres, $50M investment in Bolt Data & Energy for data center development, completion of a 3-for-1 stock split, and a new $500M revolving credit facility. Stock trades at $446.20 with 54.85% YTD return. KeyBanc reaffirmed Buy rating; analyst price targets range from $250–$639. DCF analysis suggests 57.4% overvaluation.
Apr 7Texas Pacific Land pivots to AI infrastructure and desalination; record 2025; 12.5% dividend hike.Mixed▶
TPL pivoted to AI infrastructure, desalination and energy-data hubs. Invested $50M in Bolt (former Google CEO Schmidt) targeting 10 GW data center buildout. FY25 revenue $798.2M, NI $481.4M, FCF $498.3M. Dividend +12.5%. Acquired 17,306 royalty acres for $450.7M. Stock -16.2% 30d.
Apr 6Texas Pacific Land Sees Insider Buying; Record 2025 Results Support FundamentalsNeutral▶
Texas Pacific Land Corporation (TPL) posted record revenues and net income for 2025 alongside a 12.5% dividend increase, demonstrating strong financial performance. Recent insider trading activity shows Horizon Kinetics Asset Management LLC, a major stakeholder, made open-market purchases at $518.21 (March 27) and $526.13 (March 26), signaling confidence in valuation. Current price stands at $444.24, up 1.15% over 24 hours. Although DCF analysis suggests 57.4% overvaluation, strong fundamentals and insider buying provide technical support. Earnings report scheduled for May 6.
Apr 3Texas Pacific Land announced strategic pivot into AI infrastructure and water desalination but missed earnings, causing 17.2% stock decline.Negative▶
Texas Pacific Land announced a dramatic pivot toward AI infrastructure, large-scale water desalination, and energy-data hubs. While revenue exceeded expectations, EPS missed, triggering a 17.2% stock decline. Stock trades at $444.75 after reaching $485 earlier. Despite record 2025 revenues and a 12.5% dividend increase, analysts suggest overvaluation by 57.4% based on DCF. Insider buying by Horizon Kinetics at $454.
Apr 2KeyBanc reaffirms buy rating as TPL stock rises 2.34% following record 2025 revenues; company investing $50M in Bolt Data & Energy for 10 GW of AI data centers.Positive▶
Texas Pacific Land Corporation achieved record revenues and net income in 2025 and announced a 12.5% dividend increase. The company continues expanding AI data center ambitions through its $50 million investment in Bolt Data & Energy, with plans to develop 10 GW of data centers on TPL land. Stock price at $449.73 as of April 2, up 2.34% on the day. KeyBanc reaffirmed its buy rating. Upcoming earnings expected May 6, 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TPLTEXAS | $434.32 | -2.11% | -1.2% | 6.1x | 0.77 | $30.6B |
| COPCONOCOPHILLIPS | $123.50 | -1.81% | -4.5% | 14.8x | 0.19 | $153.3B |
| EOGEOG | $139.11 | -1.04% | -1.7% | 9.9x | 0.33 | $75.3B |
| OXYOCCIDENTAL | $58.75 | -3.03% | -3.8% | 16.9x | 0.23 | $60.1B |
| FANGDIAMONDBACK | $207.50 | +0.91% | +5.8% | 12.0x | 0.49 | $57.8B |
| EQTEQT | $58.76 | -2.21% | -0.5% | 12.9x | 0.69 | $37.6B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.