(TPL) Texas Pacific Land Trust - Ratings and Ratios
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US88262P1021
Land, Royalties, Water Services
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.62% |
| Yield on Cost 5y | 7.57% |
| Yield CAGR 5y | -12.66% |
| Payout Consistency | 85.1% |
| Payout Ratio | 30.9% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 54.1% |
| Value at Risk 5%th | 78.9% |
| Relative Tail Risk | -11.33% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.46 |
| Alpha | -46.17 |
| CAGR/Max DD | 0.32 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.449 |
| Beta | 1.343 |
| Beta Downside | 1.665 |
| Drawdowns 3y | |
|---|---|
| Max DD | 52.22% |
| Mean DD | 23.29% |
| Median DD | 22.27% |
Description: TPL Texas Pacific Land Trust December 19, 2025
Texas Pacific Land Trust (NYSE: TPL) operates two core segments: Land & Resource Management, which holds surface acreage and non-participating perpetual royalty interests (NPRIs) across roughly 207,000 net royalty acres in the Permian Basin, and Water Services & Operations, which supplies water sourcing, produced-water treatment, infrastructure development, and disposal solutions to upstream operators in the same region.
Key data points as of the latest filing: the company’s 2023 cash flow from operations was about $1.1 billion, supporting a dividend yield that has hovered near 10%-one of the highest in the oil-and-gas sector. The Permian’s production growth (≈ 6% YoY in Q4 2023) and rising water-intensity of shale drilling are primary economic drivers that boost demand for TPL’s water-service contracts and royalty income. Additionally, TPL’s land-lease portfolio generates roughly $200 million in annual lease revenue from processing, storage, and compression facilities.
For a deeper, data-driven view of TPL’s valuation dynamics, consider exploring the analytics on ValueRay to see how its cash-flow profile stacks up against sector peers.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 476.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.34 > 0.02 and ΔFCF/TA -4.93 > 1.0 |
| NWC/Revenue: 85.65% < 20% (prev 92.87%; Δ -7.22% < -1%) |
| CFO/TA 0.37 > 3% & CFO 558.8m > Net Income 476.4m |
| Net Debt (-515.3m) to EBITDA (643.6m): -0.80 < 3 |
| Current Ratio: 9.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (23.0m) vs 12m ago -66.67% < -2% |
| Gross Margin: 87.44% > 18% (prev 0.92%; Δ 8653 % > 0.5%) |
| Asset Turnover: 57.20% > 50% (prev 58.41%; Δ -1.21% > 0%) |
| Interest Coverage Ratio: -32.87 > 6 (EBITDA TTM 643.6m / Interest Expense TTM -18.0m) |
Altman Z'' (< 1.1 .. > 2.6) 19.14
| A: 0.43 (Total Current Assets 737.2m - Total Current Liabilities 75.6m) / Total Assets 1.52b |
| B: 0.99 (Retained Earnings 1.51b / Total Assets 1.52b) |
| C: 0.44 (EBIT TTM 591.5m / Avg Total Assets 1.35b) |
| D: 9.64 (Book Value of Equity 1.51b / Total Liabilities 156.9m) |
| Total Rating: 19.14= AAA |
ValueRay F-Score (Strict, 0-100) 80.10
| 1. Piotroski: 5.0pt |
| 2. FCF Yield: 2.32% |
| 3. FCF Margin: 66.64% |
| 4. Debt/Equity: 0.01 |
| 5. Debt/Ebitda: -0.80 |
| 6. ROIC - WACC: 26.15% |
| 7. RoE: 38.14% |
| 8. Revenue Trend: 71.69% |
| 9. EPS Trend: -78.75% |
What is the price of TPL shares?
As of January 22, 2026, the stock is trading at USD 346.23 with a total of 474,430 shares traded.
Over the past week, the price has changed by +5.90%, over one month by +14.34%, over three months by +12.06% and over the past year by -26.28%.
Over the past week, the price has changed by +5.90%, over one month by +14.34%, over three months by +12.06% and over the past year by -26.28%.
Is TPL a buy, sell or hold?
Texas Pacific Land Trust has no consensus analysts rating.
What are the forecasts/targets for the TPL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 635 | 83.4% |
| Analysts Target Price | 635 | 83.4% |
| ValueRay Target Price | 373.9 | 8% |
TPL Fundamental Data Overview January 18, 2026
P/E Trailing = 47.7072
P/E Forward = 37.7358
P/S = 30.121
P/B = 17.0072
Revenue TTM = 772.4m USD
EBIT TTM = 591.5m USD
EBITDA TTM = 643.6m USD
Long Term Debt = 16.5m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.16m USD (from shortTermDebt, last quarter)
Debt = 16.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -515.3m USD (from netDebt column, last quarter)
Enterprise Value = 22.21b USD (22.73b + Debt 16.5m - CCE 531.8m)
Interest Coverage Ratio = -32.87 (Ebit TTM 591.5m / Interest Expense TTM -18.0m)
EV/FCF = 43.15x (Enterprise Value 22.21b / FCF TTM 514.7m)
FCF Yield = 2.32% (FCF TTM 514.7m / Enterprise Value 22.21b)
FCF Margin = 66.64% (FCF TTM 514.7m / Revenue TTM 772.4m)
Net Margin = 61.68% (Net Income TTM 476.4m / Revenue TTM 772.4m)
Gross Margin = 87.44% ((Revenue TTM 772.4m - Cost of Revenue TTM 97.0m) / Revenue TTM)
Gross Margin QoQ = 84.54% (prev 88.19%)
Tobins Q-Ratio = 14.57 (Enterprise Value 22.21b / Total Assets 1.52b)
Interest Expense / Debt = 53.26% (Interest Expense 8.79m / Debt 16.5m)
Taxrate = 21.87% (33.9m / 155.2m)
NOPAT = 462.2m (EBIT 591.5m * (1 - 21.87%))
Current Ratio = 9.75 (Total Current Assets 737.2m / Total Current Liabilities 75.6m)
Debt / Equity = 0.01 (Debt 16.5m / totalStockholderEquity, last quarter 1.37b)
Debt / EBITDA = -0.80 (Net Debt -515.3m / EBITDA 643.6m)
Debt / FCF = -1.00 (Net Debt -515.3m / FCF TTM 514.7m)
Total Stockholder Equity = 1.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 35.28% (Net Income 476.4m / Total Assets 1.52b)
RoE = 38.14% (Net Income TTM 476.4m / Total Stockholder Equity 1.25b)
RoCE = 46.75% (EBIT 591.5m / Capital Employed (Equity 1.25b + L.T.Debt 16.5m))
RoIC = 37.01% (NOPAT 462.2m / Invested Capital 1.25b)
WACC = 10.85% (E(22.73b)/V(22.74b) * Re(10.86%) + (debt cost/tax rate unavailable))
Discount Rate = 10.86% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -81.65 | Cagr: -0.72%
[DCF Debug] Terminal Value 69.81% ; FCFF base≈490.7m ; Y1≈530.0m ; Y5≈654.7m
Fair Price DCF = 337.9 (EV 7.25b - Net Debt -515.3m = Equity 7.77b / Shares 23.0m; r=10.85% [WACC]; 5y FCF grow 9.06% → 2.90% )
EPS Correlation: -78.75 | EPS CAGR: -52.50% | SUE: -1.94 | # QB: 0
Revenue Correlation: 71.69 | Revenue CAGR: 8.97% | SUE: 0.82 | # QB: 0
EPS next Quarter (2026-03-31): EPS=5.94 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=25.29 | Chg30d=N/A | Revisions Net=+0 | Growth EPS=+19.7% | Growth Revenue=+0.0%
P/E Forward = 37.7358
P/S = 30.121
P/B = 17.0072
Revenue TTM = 772.4m USD
EBIT TTM = 591.5m USD
EBITDA TTM = 643.6m USD
Long Term Debt = 16.5m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.16m USD (from shortTermDebt, last quarter)
Debt = 16.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -515.3m USD (from netDebt column, last quarter)
Enterprise Value = 22.21b USD (22.73b + Debt 16.5m - CCE 531.8m)
Interest Coverage Ratio = -32.87 (Ebit TTM 591.5m / Interest Expense TTM -18.0m)
EV/FCF = 43.15x (Enterprise Value 22.21b / FCF TTM 514.7m)
FCF Yield = 2.32% (FCF TTM 514.7m / Enterprise Value 22.21b)
FCF Margin = 66.64% (FCF TTM 514.7m / Revenue TTM 772.4m)
Net Margin = 61.68% (Net Income TTM 476.4m / Revenue TTM 772.4m)
Gross Margin = 87.44% ((Revenue TTM 772.4m - Cost of Revenue TTM 97.0m) / Revenue TTM)
Gross Margin QoQ = 84.54% (prev 88.19%)
Tobins Q-Ratio = 14.57 (Enterprise Value 22.21b / Total Assets 1.52b)
Interest Expense / Debt = 53.26% (Interest Expense 8.79m / Debt 16.5m)
Taxrate = 21.87% (33.9m / 155.2m)
NOPAT = 462.2m (EBIT 591.5m * (1 - 21.87%))
Current Ratio = 9.75 (Total Current Assets 737.2m / Total Current Liabilities 75.6m)
Debt / Equity = 0.01 (Debt 16.5m / totalStockholderEquity, last quarter 1.37b)
Debt / EBITDA = -0.80 (Net Debt -515.3m / EBITDA 643.6m)
Debt / FCF = -1.00 (Net Debt -515.3m / FCF TTM 514.7m)
Total Stockholder Equity = 1.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 35.28% (Net Income 476.4m / Total Assets 1.52b)
RoE = 38.14% (Net Income TTM 476.4m / Total Stockholder Equity 1.25b)
RoCE = 46.75% (EBIT 591.5m / Capital Employed (Equity 1.25b + L.T.Debt 16.5m))
RoIC = 37.01% (NOPAT 462.2m / Invested Capital 1.25b)
WACC = 10.85% (E(22.73b)/V(22.74b) * Re(10.86%) + (debt cost/tax rate unavailable))
Discount Rate = 10.86% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -81.65 | Cagr: -0.72%
[DCF Debug] Terminal Value 69.81% ; FCFF base≈490.7m ; Y1≈530.0m ; Y5≈654.7m
Fair Price DCF = 337.9 (EV 7.25b - Net Debt -515.3m = Equity 7.77b / Shares 23.0m; r=10.85% [WACC]; 5y FCF grow 9.06% → 2.90% )
EPS Correlation: -78.75 | EPS CAGR: -52.50% | SUE: -1.94 | # QB: 0
Revenue Correlation: 71.69 | Revenue CAGR: 8.97% | SUE: 0.82 | # QB: 0
EPS next Quarter (2026-03-31): EPS=5.94 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=25.29 | Chg30d=N/A | Revisions Net=+0 | Growth EPS=+19.7% | Growth Revenue=+0.0%
Additional Sources for TPL Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle