Texas Pacific Land (TPL)

Company Profile

Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas. The Corporation is not an oil and gas producer, but 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 land, revenue for sales of materials (caliche) 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 the land. The Corporation 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.

Company profile

Ticker

TPL

Exchange

Website

Incorporated

Location

Fiscal year end

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Oil Royalty Traders

Prestige Capital • Mesa Royalty Trust • San Juan Basin Royalty Trust • Cross Timbers Royalty Trust • Hugoton Royalty Trust • Sabine Royalty Trust • Permian Basin Royalty Trust • Marine Petroleum Trust • North European Oil Royalty Trust • Putnam Income Fund ...

SEC CIK

0001811074

Corporate docs

Articles of Incorporation & Bylaws

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Texas Pacific Resources LLC • Texas Pacific Water Resources LLC • Transmissive Water Services LLC • TPL Holdings LLC • Texas Eagle Ranches, LLC • Texas Pacific Royalty Acquisitions, LLC • Riverton Holdings, LLC ...

TPL stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

Investor Presentation February 2023

Texas Pacific Land Corporation Announces Fourth Quarter and Full Year Results

22 Feb 23

DEFA14A

Additional proxy soliciting materials

14 Feb 23

8-K

Texas Pacific Land Corporation Announces Quarterly Dividend

13 Feb 23

DEFA14A

Additional proxy soliciting materials

24 Jan 23

DEFA14A

Additional proxy soliciting materials

23 Nov 22

DEFA14A

Additional proxy soliciting materials

21 Nov 22

8-K

Submission of Matters to a Vote of Security Holders

18 Nov 22

DEFA14A

Additional proxy soliciting materials

16 Nov 22

Transcripts

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TPL

Earnings call transcript

2022 Q4

23 Feb 23

TPL

Earnings call transcript

2022 Q3

3 Nov 22

TPL

Earnings call transcript

2022 Q2

4 Aug 22

TPL

Earnings call transcript

2022 Q1

5 May 22

TPL

Earnings call transcript

2021 Q4

24 Feb 22

TPL

Earnings call transcript

2021 Q3

5 Nov 21

TPL

Earnings call transcript

2021 Q2

6 Aug 21

TPL

Earnings call transcript

2021 Q1

7 May 21

Latest ownership filings

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Change in insider ownership

Financial summary

Financial statements Chart TPL financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q4 2022

TPL institutional ownership history Ownership history

59.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	457	405	+12.8%
Opened positions	89	65	+36.9%
Closed positions	37	44	-15.9%
Increased positions	123	96	+28.1%
Reduced positions	153	141	+8.5%

13F shares	Current	Prev Q	Change
Total value	10.76 tn	7.64 bn	+140694.9%
Total shares	4.61 mm	4.30 mm	+7.3%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Horizon Kinetics Asset Management	1.43 mm	$3.36 tn	-3.8%
Vanguard	631.37 k	$1.48 tn	+0.1%
BLK Blackrock	430.43 k	$1.01 tn	+24.7%
STT State Street	194.27 k	$455.41 bn	NEW
First Manhattan	144.10 k	$337.81 bn	-3.2%
SoftVest Advisors	130.50 k	$305.92 bn	0.0%
Geode Capital Management	99.72 k	$231.90 bn	+22.4%
MS Morgan Stanley	72.59 k	$170.17 bn	+41.2%
NTRS Northern Trust	67.27 k	$157.69 bn	+11.1%
Schwartz Investment Counsel	65.69 k	$153.99 bn	-11.2%

Largest transactions	Shares	Bought/sold	Change
STT State Street	194.27 k	+194.27 k	NEW
BLK Blackrock	430.43 k	+85.39 k	+24.7%
Horizon Kinetics Asset Management	1.43 mm	-56.31 k	-3.8%
Lion Long Term Partners	50.60 k	+50.60 k	NEW
MS Morgan Stanley	72.59 k	+21.20 k	+41.2%
Geode Capital Management	99.72 k	+18.23 k	+22.4%
Eaton Vance Management	0.00	-18.20 k	EXIT
Neuberger Berman	58.62 k	-15.70 k	-21.1%
D. E. Shaw & Co.	11.63 k	+9.84 k	+546.7%
National Pension Service	9.30 k	+9.30 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TPL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Feb 23	Horizon Kinetics Asset Management	Common Stock	Buy	Acquire P	Yes	No	1864.85	12	22.38 k	197,598
14 Feb 23	Stahl Murray	Common Stock	Buy	Acquire P	Yes	No	1899.53	12	22.79 k	197,586
14 Feb 23	Stahl Murray	Common Stock	Buy	Acquire P	No	No	1895.83	3	5.69 k	2,058
14 Feb 23	Stahl Murray	Common Stock	Buy	Acquire P	Yes	No	1895.83	2	3.79 k	1,537
14 Feb 23	Stahl Murray	Common Stock	Buy	Acquire P	Yes	No	1895.83	1	1.90 k	1,685
14 Feb 23	Stahl Murray	Common Stock	Buy	Acquire P	Yes	No	1895.83	2	3.79 k	104,919
14 Feb 23	Stahl Murray	Common Stock	Buy	Acquire P	Yes	No	1918.04	1	1.92 k	43,283
13 Feb 23	Stahl Murray	Common Stock	Buy	Acquire P	Yes	No	1913.36	12	22.96 k	197,574
13 Feb 23	Stahl Murray	Common Stock	Buy	Acquire P	Yes	No	1913.03	1	1.91 k	43,282
13 Feb 23	Stahl Murray	Common Stock	Buy	Acquire P	No	No	1913.03	3	5.74 k	2,055