Texas Pacific Land (TPL) Stock Analysis

November 11, 2026

This is a peer-relative look at Texas Pacific Land (TPL): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Energy peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Texas Pacific Land (TPL)
Profile Item	TPL
Name	Texas Pacific Land Corporation
Country/Region	United States
GICS Sector	Energy
GICS Industry Group	Energy
GICS Industry	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Exploration & Production
Market Capitalization	18.79 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 17, 1980
Security Type	Common Stock

Price Performance

Cumulative Growth

TPL

GSPC

Texas Pacific Land (TPL) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Texas Pacific Land (TPL) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Texas Pacific Land (TPL) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Texas Pacific Land (TPL) metric values compared with Energy industry-group medians
Metric	Current stock: TPL	Industry group median
Total Return (1Y)	-14.10%	32.08%
Total Return (3Y, Annualized)	16.13%	14.39%
Total Return (5Y, Annualized)	13.42%	15.43%

Risk Profile

Drawdown History

TPL

GSPC

Texas Pacific Land (TPL) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Texas Pacific Land (TPL) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Texas Pacific Land (TPL) metric values compared with Energy industry-group medians
Metric	Current stock: TPL	Industry group median
Volatility (1Y, Annualized)	49.74%	41.29%
Beta (5Y)	0.62	0.66
Max Drawdown (5Y)	-52.50%	-52.09%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. TPL is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Texas Pacific Land (TPL) metric values compared with Energy industry-group medians
Metric	Current stock: TPL	Industry group median
Sharpe Ratio (1Y)	-0.37	0.67
Sortino Ratio (1Y)	-0.50	1.01

Profitability

ROE (TTM)

Texas Pacific Land (TPL) posts ROE of 37.07%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

TPL

Energy industry group

37.07%

Group distribution

Max: 53.85%
TPL: 37.07%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Largest peers

TPL: 37.07%
PBR: 30.27%
TTE: 17.83%
COP: 17.66%
SHEL: 17.43%
XOM: 15.53%
CVX: 13.85%

Where Texas Pacific Land (TPL) stands on ROE within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Texas Pacific Land (TPL) keeps 60.71% of revenue as net profit on net margin, above the industry benchmark range. That is unusually strong bottom-line conversion, though tax effects, asset sales, or other one-off gains should be checked before treating it as durable.

TPL

Energy industry group

60.71%

Group distribution

TPL: 60.71%
Max: 56.92%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Largest peers

TPL: 60.71%
PBR: 24.32%
COP: 16.76%
CVX: 11.92%
XOM: 10.46%
TTE: 10.46%
SHEL: 10.18%

Where Texas Pacific Land (TPL) stands on net margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Texas Pacific Land (TPL) turns 76.20% of revenue into operating profit on operating margin, above the industry benchmark range. Core operations are retaining an unusually large share before interest and taxes, which points to pricing power or tight cost control if the margin is sustainable.

TPL

Energy industry group

76.20%

Group distribution

TPL: 76.20%
Max: 71.31%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Largest peers

TPL: 76.20%
PBR: 44.68%
COP: 30.05%
TTE: 24.51%
SHEL: 18.76%
CVX: 17.89%
XOM: 16.98%

Where Texas Pacific Land (TPL) stands on operating margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Texas Pacific Land (TPL) metric values compared with Energy industry-group medians
Metric	Current stock: TPL	Industry group median
ROE (TTM)	37.07%	12.85%
ROA (TTM)	26.08%	5.49%
Net Margin (TTM)	60.71%	10.10%
Operating Margin (TTM)	76.20%	18.73%
Gross Margin (TTM)	94.09%	44.52%

Growth

Revenue Growth

Texas Pacific Land (TPL) grew revenue 13.09%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Texas Pacific Land (TPL): Revenue Growth across different time periods, set against Energy industry-group medians.

EPS Growth

Texas Pacific Land (TPL) grew earnings per share 6.04%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Texas Pacific Land (TPL): EPS Growth across different time periods, set against Energy industry-group medians.

Growth Metrics

Texas Pacific Land (TPL) metric values compared with Energy industry-group medians
Metric	Current stock: TPL	Industry group median
Revenue Growth (YoY)	13.09%	0.51%
Revenue Growth (3Y CAGR)	6.15%	0.37%
EPS Growth (YoY)	6.04%	-11.75%
EPS Growth (3Y CAGR)	2.78%	-12.07%

Financial Strength

Current Ratio (MRQ)

Texas Pacific Land (TPL) has current ratio of 5.41, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

TPL

Energy industry group

5.41

Group distribution

TPL: 5.41
Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
Min: 0.24

Largest peers

TPL: 5.41
COP: 1.52
SHEL: 1.38
CVX: 1.34
XOM: 1.19
TTE: 1.11
PBR: 0.85

Where Texas Pacific Land (TPL) stands on current ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Texas Pacific Land (TPL) has debt-to-equity ratio of 0.01, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

TPL

Energy industry group

0.01

Group distribution

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
TPL: 0.01
Min: 0.00

Largest peers

PBR: 0.76
TTE: 0.46
SHEL: 0.38
COP: 0.35
CVX: 0.17
XOM: 0.13
TPL: 0.01

Where Texas Pacific Land (TPL) stands on debt-to-equity ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Texas Pacific Land (TPL) metric values compared with Energy industry-group medians
Metric	Current stock: TPL	Industry group median
Current Ratio (MRQ)	5.41	1.41
Debt / Equity (MRQ)	0.01	0.54
Net Debt / EBITDA	-0.44	1.13

Dividends

Dividend Yield (TTM)

Texas Pacific Land (TPL) has dividend yield of 0.86%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

TPL

Energy industry group

0.86%

Group distribution

Max: 8.57%
Q3: 3.58%
Median: 1.71%
TPL: 0.86%
Q1: 0.00%
Min: 0.00%

Largest peers

PBR: 19.51%
TTE: 4.58%
CVX: 3.31%
XOM: 2.49%
COP: 2.48%
SHEL: 1.54%
TPL: 0.86%

Where Texas Pacific Land (TPL) stands on dividend yield within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Texas Pacific Land (TPL) has payout ratio of 27.42%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

TPL

Energy industry group

27.42%

Group distribution

Max: 133.24%
Q3: 53.31%
TPL: 27.42%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Largest peers

CVX: 51.76%
XOM: 42.39%
TTE: 39.93%
COP: 35.41%
PBR: 28.93%
TPL: 27.42%
SHEL: 26.24%

Where Texas Pacific Land (TPL) stands on payout ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Texas Pacific Land (TPL) metric values compared with Energy industry-group medians
Metric	Current stock: TPL	Industry group median
Dividend Yield (TTM)	0.86%	1.71%
Dividend Payout Ratio (TTM)	27.42%	25.24%

Valuation

P/E Ratio (TTM)

Texas Pacific Land (TPL) trades at P/E ratio of 32.00, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

TPL

Energy industry group

32.00

Group distribution

Max: 39.54
TPL: 32.00
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

Largest peers

TPL: 32.00
XOM: 17.06
CVX: 15.61
COP: 14.36
TTE: 8.76
SHEL: 8.60
PBR: 4.68

Where Texas Pacific Land (TPL) stands on P/E ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Texas Pacific Land (TPL) trades at 19.41 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

TPL

Energy industry group

19.41

Group distribution

TPL: 19.41
Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

Largest peers

TPL: 19.41
COP: 2.34
CVX: 1.83
XOM: 1.74
TTE: 0.90
SHEL: 0.87
PBR: 0.22

Where Texas Pacific Land (TPL) stands on P/S ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Texas Pacific Land (TPL) trades at 10.42 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

TPL

Energy industry group

10.42

Group distribution

TPL: 10.42
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Largest peers

TPL: 10.42
XOM: 2.55
COP: 2.44
CVX: 2.13
TTE: 1.46
SHEL: 1.43
PBR: 1.25

Where Texas Pacific Land (TPL) stands on P/B ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Texas Pacific Land (TPL) metric values compared with Energy industry-group medians
Metric	Current stock: TPL	Industry group median
P/E Ratio (TTM)	32.00	12.19
P/S Ratio (TTM)	19.41	1.69
P/B Ratio (MRQ)	10.42	1.51
Free Cash Flow Yield (TTM)	0.43%	5.94%