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Why Texas Pacific Land Stock Is Sinking Today
The Motley Foolยท 2025-08-07 19:13
Texas Pacific Land Corp. has a long history of stomping the market, and it has lesser-known growth potential beyond oil and gas.Shares of the largest landowner in the Permian Basin, Texas Pacific Land Corp. (TPL -7.62%), are down 8% as of 1 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.Texas Pacific Land (TPL) grew sales and free cash flow by 9% and 12% during the second quarter, despite average oil prices sinking to a level not seen since 2021.Regardless of these steady ...