Overview Dividends

(TPL) Texas Pacific Land Trust - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US88262P1021

Land, Royalties, Water Services, Easements, Materials

TPL EPS (Earnings per Share)

EPS Growth (3Y CAGR): -69.39%
EPS Trend (3Y Correlation): -78.4%

TPL Revenue

Revenue Growth (3Y CAGR): -0.68%
Revenue Trend (3Y Correlation): 59.8%

Description: TPL Texas Pacific Land Trust October 16, 2025

Texas Pacific Land Trust (NYSE: TPL) operates two primary segments: Land & Resource Management, which holds surface land, oil-and-gas royalty interests, and easements in the Permian Basin, and Water Services & Operations, which delivers water sourcing, produced-water treatment, infrastructure, and disposal for Permian operators. The company’s land portfolio includes a 1/128th non-participating perpetual royalty interest (NPRI) on ~85 k acres, a 1/16th NPRI on ~371 k acres, and roughly 16 k acres of net royalty acres, totaling about 207 k net royalty acres.

Key quantitative indicators (2023-2024 filings) show TPL generated approximately $1.2 billion of net cash flow, supporting a quarterly dividend that yields roughly 2.5 % and a payout ratio near 70 %. The land base exceeds 880 k acres, and water-services revenue grew about 15 % YoY, reflecting rising demand for produced-water management as Permian output expands.

Sector-level drivers that materially affect TPL’s outlook include (1) Permian Basin production growth, which has averaged ~7 % annually and fuels demand for both royalty acreage and water services; (2) oil-price volatility, where breakeven-adjusted cash flow is highly sensitive to WTI price movements; and (3) regulatory trends on water usage and disposal, which can alter the economics of water-service contracts.

For a deeper, data-rich assessment of TPL’s valuation dynamics, you may find ValueRay’s analytical platform useful as a next step in your research.

TPL Stock Overview

Market Cap in USD	21,577m
Sub-Industry	Oil & Gas Exploration & Production
IPO / Inception	1987-12-31

TPL Stock Ratings

Growth Rating	-0.17%
Fundamental	79.2%
Dividend Rating	60.8%
Return 12m vs S&P 500	-27.6%
Analyst Rating	-

TPL Dividends

Dividend Yield 12m	0.69%
Yield on Cost 5y	4.39%
Annual Growth 5y	19.10%
Payout Consistency	85.3%
Payout Ratio	31.9%

TPL Growth Ratios

Growth Correlation 3m	18.2%
Growth Correlation 12m	-75.4%
Growth Correlation 5y	83.7%
CAGR 5y	7.74%
CAGR/Max DD 3y (Calmar Ratio)	0.15
CAGR/Mean DD 3y (Pain Ratio)	0.26
Sharpe Ratio 12m	1.42
Alpha	-33.76
Beta	1.132
Volatility	39.63%
Current Volume	72.9k
Average Volume 20d	124.2k
Stop Loss	890.5 (-4.1%)
Signal	-0.67

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (461.7m TTM) > 0 and > 6% of Revenue (6% = 44.6m TTM)

FCFTA 0.35 (>2.0%) and ΔFCFTA 0.91pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 82.13% (prev 142.8%; Δ -60.67pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.37 (>3.0%) and CFO 522.8m > Net Income 461.7m (YES >=105%, WARN >=100%)

Net Debt (-543.9m) to EBITDA (606.6m) ratio: -0.90 <= 3.0 (WARN <= 3.5)

Current Ratio 11.64 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (23.0m) change vs 12m ago -0.00% (target <= -2.0% for YES)

Gross Margin 89.59% (prev 91.31%; Δ -1.72pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 54.61% (prev 51.00%; Δ 3.61pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -21.61 (EBITDA TTM 606.6m / Interest Expense TTM -26.1m) >= 6 (WARN >= 3)

Altman Z'' 21.90

(A) 0.43 = (Total Current Assets 667.5m - Total Current Liabilities 57.3m) / Total Assets 1.40b

(B) 1.01 = Retained Earnings (Balance) 1.42b / Total Assets 1.40b

warn (B) unusual magnitude: 1.01 — check mapping/units

(D) 12.34 = Book Value of Equity 1.43b / Total Liabilities 115.7m

Total Rating: 21.90 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 79.23

1. Piotroski 5.0pt = 0.0

2. FCF Yield 2.33% = 1.16

3. FCF Margin 65.88% = 7.50

4. Debt/Equity 0.00 = 2.50

5. Debt/Ebitda -0.90 = 2.50

6. ROIC - WACC (= 27.37)% = 12.50

7. RoE 39.47% = 2.50

8. Rev. Trend 59.76% = 4.48

9. EPS Trend -78.36% = -3.92

What is the price of TPL shares?

As of October 26, 2025, the stock is trading at USD 928.63 with a total of 72,861 shares traded.
Over the past week, the price has changed by -1.10%, over one month by -0.68%, over three months by -4.05% and over the past year by -14.35%.

Is Texas Pacific Land Trust a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Texas Pacific Land Trust (NYSE:TPL) is currently (October 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 79.23 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TPL is around 851.78 USD . This means that TPL is currently overvalued and has a potential downside of -8.28%.

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	565.1	-39.1%
Analysts Target Price	565.1	-39.1%
ValueRay Target Price	964.1	3.8%

TPL Fundamental Data Overview October 20, 2025

Market Cap USD = 21.58b (21.58b USD * 1.0 USD.USD)
P/E Trailing = 46.7387
P/E Forward = 37.7358
P/S = 29.0456
P/B = 17.253
Beta = 1.132
Revenue TTM = 742.9m USD
EBIT TTM = 563.7m USD
EBITDA TTM = 606.6m USD
Long Term Debt = 453.0k USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = unknown (none)
Debt = 453.0k USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -543.9m USD (from netDebt column, last quarter)
Enterprise Value = 21.03b USD (21.58b + Debt 453.0k - CCE 543.9m)
Interest Coverage Ratio = -21.61 (Ebit TTM 563.7m / Interest Expense TTM -26.1m)
FCF Yield = 2.33% (FCF TTM 489.4m / Enterprise Value 21.03b)
FCF Margin = 65.88% (FCF TTM 489.4m / Revenue TTM 742.9m)
Net Margin = 62.16% (Net Income TTM 461.7m / Revenue TTM 742.9m)
Gross Margin = 89.59% ((Revenue TTM 742.9m - Cost of Revenue TTM 77.3m) / Revenue TTM)
Gross Margin QoQ = 88.19% (prev 88.23%)
Tobins Q-Ratio = 14.97 (Enterprise Value 21.03b / Total Assets 1.40b)
Interest Expense / Debt = 1941 % (Interest Expense 8.79m / Debt 453.0k)
Taxrate = 22.05% (32.9m / 149.0m)
NOPAT = 439.4m (EBIT 563.7m * (1 - 22.05%))
Current Ratio = 11.64 (Total Current Assets 667.5m / Total Current Liabilities 57.3m)
Debt / Equity = 0.00 (Debt 453.0k / totalStockholderEquity, last quarter 1.29b)
Debt / EBITDA = -0.90 (Net Debt -543.9m / EBITDA 606.6m)
Debt / FCF = -1.11 (Net Debt -543.9m / FCF TTM 489.4m)
Total Stockholder Equity = 1.17b (last 4 quarters mean from totalStockholderEquity)
RoA = 32.87% (Net Income 461.7m / Total Assets 1.40b)
RoE = 39.47% (Net Income TTM 461.7m / Total Stockholder Equity 1.17b)
RoCE = 48.16% (EBIT 563.7m / Capital Employed (Equity 1.17b + L.T.Debt 453.0k))
RoIC = 37.56% (NOPAT 439.4m / Invested Capital 1.17b)
WACC = 10.19% (E(21.58b)/V(21.58b) * Re(10.19%) + (debt cost/tax rate unavailable))
Discount Rate = 10.19% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.05%
[DCF Debug] Terminal Value 72.19% ; FCFE base≈472.2m ; Y1≈510.1m ; Y5≈631.6m
Fair Price DCF = 335.7 (DCF Value 7.72b / Shares Outstanding 23.0m; 5y FCF grow 9.06% → 3.0% )
EPS Correlation: -78.36 | EPS CAGR: -69.39% | SUE: -4.0 | # QB: 0
Revenue Correlation: 59.76 | Revenue CAGR: -0.68% | SUE: 0.75 | # QB: 0

Additional Sources for TPL Stock

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