Core Viewpoint - Texas Pacific Land Corp. (TPL) operates as a unique real estate company with a focus on land ownership and royalty collection, primarily benefiting from the oil and gas sector while also diversifying into water and renewable energy businesses [4][10][17] Business Model - The company has two distinct business lines: leasing land to oil producers and generating revenue from water-related services, including production, treatment, and desalination [6][11] - TPL holds approximately 880,000 acres in the Permian Basin, which is the highest-producing oil field in the U.S., producing 1.60 million barrels of oil per day [10] Financial Performance - TPL has a pristine balance sheet with no debt and $837 million in cash, supported by an operating margin that has fluctuated between 72% and 96% since 2016, currently at 78.50% [7] - The company reported a free cash flow of $114.5 million in the first quarter of 2024, with total revenue increasing by 18.90% year-over-year, driven significantly by a $15.40 million increase in water sales [11][12] Growth Potential - The water business is identified as a key growth area, with ongoing investments in energy-efficient technologies and infrastructure to support increased capacity [11] - TPL's revenue streams are diversified, including fixed-fee payments, royalties from oil and gas, and revenues from infrastructure projects like solar and wind installations [10][11] Valuation and Market Position - The stock has seen a significant price increase, trading around 40 times earnings after a recent rally, making it less attractive at current levels but still a candidate for accumulation as the market cools [7][17] - TPL is often misclassified as an energy company; however, it primarily operates as a real estate firm with a unique competitive advantage due to its land ownership [10][17] Long-term Outlook - The company is positioned for long-term growth, with a historical average revenue growth of 40% per year over the last decade, suggesting that financials will likely adjust the valuation positively without needing a market pullback [15][17] - TPL's management is aligned with shareholder interests, focusing on share buybacks and reinvestment in growth initiatives [16][17]

Core Viewpoint - The article highlights Texas Pacific (TPL) as a recommended growth stock due to its strong growth metrics and favorable Zacks Rank, suggesting it is well-positioned for outperformance in the market [2][10]. Earnings Growth - Texas Pacific has a historical EPS growth rate of 15.8%, with projected EPS growth of 20.5% for the current year, surpassing the industry average of 15.4% [5]. Asset Utilization Ratio - The company has an asset utilization ratio (sales-to-total-assets ratio) of 0.59, indicating it generates $0.59 in sales for every dollar in assets, which is higher than the industry average of 0.4 [7]. Sales Growth - Texas Pacific's sales are expected to grow by 14.7% this year, significantly outpacing the industry average growth rate of 0% [7]. Earnings Estimate Revisions - The current-year earnings estimates for Texas Pacific have been revised upward, with the Zacks Consensus Estimate increasing by 4.8% over the past month [9]. Overall Positioning - Texas Pacific has earned a Growth Score of B and holds a Zacks Rank of 2, indicating positive earnings estimate revisions and strong growth potential [10][12].

Texas Pacific (TPL) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TPL broke through the 20-day moving average, which suggests a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. L ...

After reaching an important support level, Texas Pacific (TPL) could be a good stock pick from a technical perspective. TPL surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend. TPL has rallied 19.5% over the past four weeks, and the company is a Zacks Rank #2 (Buy) at the moment. This combination suggests TPL could be on the verge of another move higher. With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep the ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Texas Pacific (TPL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question. Texas Pacific is one of 248 individual stocks in the Oils-Energy sector. Co ...

While there are numerous reasons why the stock of this landowner is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. Investors seek growth ...

Texas Pacific Land Corporation (NYSE:TPL) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Shawn Amini - Vice President, Finance and Investor Relations Tyler Glover - Chief Executive Officer Robert Crain - Executive Vice President, Texas Pacific Water Resources Chris Steddum - Chief Financial Officer Conference Call Participants Hamed Khorsand - BWS Financial John Annis - Stifel Operator Greetings and welcome to Texas Pacific Land Corporation First Quarter 2024 Earnings Call. [Op ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 1-39804 Exact name of registrant as specified in its charter: Texas Pacific Land Corporation State or other jurisdict ...

Exhibit 99.1 TEXAS PACIFIC LAND CORPORATION ANNOUNCES FIRST QUARTER RESULTS AND RECORD WATER SEGMENT REVENUES Earnings Call to be held 7:30 am CT on Thursday, May 9, 2024 DALLAS, TX (May 8, 2024) – Texas Pacific Land Corporation (NYSE: TPL) (the "Company" or "TPL") today announced its financial and operating results for the first quarter of 2024. First Quarter 2024 Highlights Reconciliations of Non-GAAP measures are provided in the tables below. (1) "Driven by the continued strength of our surface-derived c ...

Texas Pacific Land Corporation (NYSE:TPL) Q4 2023 Earnings Conference Call February 22, 2024 8:30 AM ET Company Participants Shawn Amini - Finance and Investor Relations Ty Glover - Chief Executive Officer Chris Steddum - Chief Financial Officer Conference Call Participants Hamed Khorsand - BWS Financial Nate Pendleton - Stifel Operator Ladies and gentlemen, good morning, and welcome to the Texas Pacific Land Corporation Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a l ...