Keybanc has initiated coverage on Texas Pacific Land Corp (TPL) with an Overweight rating, effective December 1, 2025. This marks the firm's first assessment of TPL's investment potential. The current share price stands at $868.65.
Texas Pacific Land Corp operates as a landowner in Texas, managing approximately 873,000 surface acres and 207,000 net royalty acres of oil and gas interests, primarily in the Permian Basin. The company's operations are divided into two segments: Land and Resource Management and Water Services and Operations. The former encompasses royalties from oil and gas, revenues from easements, and land sales, while the latter provides full-service water offerings through its subsidiary, Texas Pacific Water Resources LLC (TPWR).
As of now, TPL holds a market capitalization of $20.1 billion, with a P/E ratio of 42.29 and an EPS of 20.70. The company also boasts a dividend yield of 73.0%. Upcoming earnings reports are scheduled for August 4, 2026, with an estimated EPS of $6.02 and revenue of $242.4 million.
Analyst consensus reflects a Buy rating, with two Strong Buy, three Buy, one Hold, and one Strong Sell among recent evaluations. The move underscores Keybanc's confidence in TPL's growth prospects amid a dynamic energy sector.