Texas Pacific Land Corporation (TPL)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable advantages, honest accounting, and a price that leaves room for error. Texas Pacific Land has a remarkable asset base: surface acreage, oil and gas royalty interests, easements, and water operations in the Permian Basin. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $246.1M and net income of $153.9M, a 62.56% margin. That compares with fiscal Q2 2025 revenue of $187.5M and net income of $116.1M. In FY2025 ended 2025-12-31, revenue was $798.2M and net income $481.4M, up from FY2024 revenue of $705.8M and net income $454.0M. FairStock calculates ROE of 36.57% and ROCE of 25.81%, while debt-to-equity is just 0.01. That suggests a high-quality, asset-light operation; 114 employees support a large revenue base. FairStock's Piotroski score is 7/9 and Altman Z-score is 76.87, reinforcing financial strength. The moat is not a brand but scarce Permian land and royalty positions, which are hard to replicate.

In plain English: Texas Pacific Land makes money from land, oil and gas royalties, easements, and water services in the Permian Basin. The business looks very strong: it earns high profit margins, carries almost no debt, and has grown revenue and profit. At $333.46 on 2026-10-26, the price looks expensive compared with the value shown by its financial statements and the cash it produces.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer