Texas Pacific Land Corporation (TPL)
Energy · Oil & Gas Exploration & Production · Data as of 2026-10-22
Bottom line
TPL is trading near its usual valuation, in the middle of its recent price range, and recent volume shows no clear direction. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Near its usual asset-based value (Yellow)
TPL is in a cyclical industry, where earnings swing with the economy, so we compare its price-to-book of 13.8× with its own typical level (14.2×). Its current multiple sits around the 54th percentile of its own last five years — around the middle of its own range.
Price zones — In the middle of its recent range (Yellow)
At $333.67, the stock sits between its recent support and resistance levels. Over the past year TPL has traded between $269.23 and $547.20; its historical support zone sits near $269.23 and resistance near $356.94. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $269.23–$547.20 · 50-day average $356.94 · 200-day average $401.02
Money flow — No clear direction (Yellow)
Buying and selling volume in TPL have been fairly balanced recently, with no strong accumulation or distribution pattern. Volume on up days has been about 1.2× volume on down days over the last 30 sessions.
Dividends & company facts
TPL paid $2.33 a share in dividends over the past year — 0.70% of today's price — and has raised it in each of the last five years. It also bought back shares: $23 million in fiscal 2025, about 0.10% of its market value.
- Dividend yield (12 months)
- 0.7%
- Paid over 12 months
- $2.33 a share
- Payout ratio
- 29.0%
- Buybacks
- 0.1% (fiscal 2025)
- Shares, past year
- -0.0%
- Revenue, 12 months
- $898M
- Profit, 12 months
- $541M
- Employees
- 114
- CEO
- Tyler Glover
- Headquarters
- Dallas, TX
- Listed since
- 1980 · NYSE
About the company
Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services. Its Land and Resource Management division oversees a vast land portfolio, spanning nearly 880,000 acres. This segment also holds significant oil and gas royalty interests.
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一句话结论
TPL 估值接近其惯常水平，处于近期价格区间的中部，近期成交量没有明确方向。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 接近其惯常的资产估值水平
TPL 所在的行业具有周期性，盈利会随经济起伏，因此我们把它 13.8× 的市净率与其自身惯常的水平（14.2×）作比较。它当前的估值倍数大约位于自身过去五年分布的第 54 百分位——处于自身区间的中部。
价格区间 — 处于近期区间的中部
目前价格为 $333.67，位于其近期的支撑位与阻力位之间。过去一年 TPL 的价格在 $269.23 到 $547.20 之间波动；其历史支撑区在 $269.23 附近，阻力区在 $356.94 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 方向不明确
TPL 近期的买卖成交量大致均衡，没有明显的吸筹或派发形态。过去 30 个交易日，上涨日的成交量约为下跌日的 1.2×。
股息与公司概况
TPL 过去一年每股派息 2.33 美元，相当于当前股价的 0.70%，过去五年每年都有上调。它也回购了股票：2025 财年回购 2,318万美元，约占市值的 0.10%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.