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): -27.87%
EPS Trend (3Y Correlation): -80.9%

TPL Revenue

Revenue Growth (3Y CAGR): 10.92%
Revenue Trend (3Y Correlation): 96.2%

Risk via 10d forecast
Volatility	48.8%
Value at Risk 5%th	72.6%
Relative Tail Risk	-9.67%

Reward TTM
Sharpe Ratio	-0.36
Alpha	-44.05

Character TTM
Hurst Exponent	0.487
Beta	1.328
Beta Downside	1.701

Drawdowns 3y
Max DD	52.31%
Mean DD	30.12%
Median DD	33.07%

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	22,726m
Sub-Industry	Oil & Gas Exploration & Production
IPO / Inception	1987-12-31
Return 12m vs S&P 500	-34.1%
Analyst Rating	-

TPL Dividends

Dividend Yield	0.63%
Yield on Cost 5y	3.58%
Yield CAGR 5y	19.10%
Payout Consistency	85.3%
Payout Ratio	30.9%

TPL Growth Ratios

CAGR 3y	5.69%
CAGR/Max DD Calmar Ratio	0.11
CAGR/Mean DD Pain Ratio	0.19
Current Volume	144.9k
Average Volume	104.9k

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (476.4m TTM) > 0 and > 6% of Revenue (6% = 46.3m TTM)

FCFTA 0.24 (>2.0%) and ΔFCFTA -15.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 85.65% (prev 92.87%; Δ -7.22pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.37 (>3.0%) and CFO 558.8m > Net Income 476.4m (YES >=105%, WARN >=100%)

Net Debt (-515.3m) to EBITDA (643.6m) ratio: -0.80 <= 3.0 (WARN <= 3.5)

Current Ratio 9.75 (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 -0.01% (target <= -2.0% for YES)

Gross Margin 87.44% (prev 91.57%; Δ -4.13pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 57.20% (prev 58.41%; Δ -1.21pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -32.87 (EBITDA TTM 643.6m / Interest Expense TTM -18.0m) >= 6 (WARN >= 3)

Altman Z'' 19.14

(A) 0.43 = (Total Current Assets 737.2m - Total Current Liabilities 75.6m) / Total Assets 1.52b

(B) 0.99 = Retained Earnings (Balance) 1.51b / Total Assets 1.52b

warn (B) unusual magnitude: 0.99 — check mapping/units

(D) 9.64 = Book Value of Equity 1.51b / Total Liabilities 156.9m

Total Rating: 19.14 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 79.98

1. Piotroski 3.50pt = -1.50

2. FCF Yield 1.62% = 0.81

3. FCF Margin 46.62% = 7.50

4. Debt/Equity 0.01 = 2.50

5. Debt/Ebitda -0.80 = 2.50

6. ROIC - WACC (= 26.10)% = 12.50

7. RoE 38.14% = 2.50

8. Rev. Trend 96.24% = 7.22

9. EPS Trend -80.89% = -4.04

What is the price of TPL shares?

As of November 16, 2025, the stock is trading at USD 1022.65 with a total of 144,924 shares traded.
Over the past week, the price has changed by +4.17%, over one month by +12.69%, over three months by +12.26% and over the past year by -24.48%.

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 (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 79.98 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 902.52 USD . This means that TPL is currently overvalued and has a potential downside of -11.75%.

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	-37.9%
Analysts Target Price	635	-37.9%
ValueRay Target Price	1028	0.5%

TPL Fundamental Data Overview November 15, 2025

Market Cap USD = 22.73b (22.73b USD * 1.0 USD.USD)
P/E Trailing = 47.7072
P/E Forward = 37.7358
P/S = 29.4227
P/B = 16.9058
Beta = 0.954
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)
FCF Yield = 1.62% (FCF TTM 360.1m / Enterprise Value 22.21b)
FCF Margin = 46.62% (FCF TTM 360.1m / 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 = -1.43 (Net Debt -515.3m / FCF TTM 360.1m)
Total Stockholder Equity = 1.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 31.24% (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 = 10.90% (E(22.73b)/V(22.74b) * Re(10.91%) + (debt cost/tax rate unavailable))
Discount Rate = 10.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.05%
[DCF Debug] Terminal Value 69.84% ; FCFE base≈397.9m ; Y1≈427.3m ; Y5≈522.7m
Fair Price DCF = 252.7 (DCF Value 5.81b / Shares Outstanding 23.0m; 5y FCF grow 8.28% → 3.0% )
EPS Correlation: -80.89 | EPS CAGR: -27.87% | SUE: -0.40 | # QB: 0
Revenue Correlation: 96.24 | Revenue CAGR: 10.92% | SUE: 0.82 | # QB: 0

Additional Sources for TPL Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle