Texas Pacific Land Corporation
Texas Pacific Land Corp. operates as a landowner in the State of Texas. Its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of the firm's land, revenue for sales of materials used in the construction of infrastructure, providing sourced water and treated produced water, revenue from its oil and gas royalty interests, and revenues related to saltwater disposal on land. The firm also generates revenue from pipeline, power line and utility easements, commercial leases, material sales and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities. It operates through the Land and Resource Management and Water Services and Operations segment. The Land and Resource Management segment focuses on managing oil and gas royalty interest and surface. The Water Services and Operations segment refers to the full-service water offerings to operators in the Permian Basin through Texas Pacific Water Resources LLC, a single member Texas limited liability company owned by the company. The company was founded in 1871 and is headquartered in Dallas, TX.
What If You Bought TPL Earlier?
Estimate based on split history only. Excludes dividends, fees, taxes, and intraday movement.
Stock Split History
Newest split first. Cumulative multiple = compounded growth from that date to today.
| Split Date | Price Before | Ratio | Split Multiple | Cumulative |
|---|---|---|---|---|
| Dec 23, 2025 | $302.80 | 3-for-1 | 3× | 45× |
| Mar 27, 2024 | $186.58 | 3-for-1 | 3× | 15× |
| Jul 13, 2007 | — | 5-for-1 | 5× | 5× |
Texas Pacific Land Corporation Market Cap Timeline
Validated annual market-cap history is available from 1996. Split markers cover all 3 recorded splits. Filled dots have market-cap data for that year; hollow dots mark split years outside market-cap source coverage.