Added to YB: 2026-08-20
Pitch date: 2026-08-18
TPL [neutral]
Texas Pacific Land Corporation
+0.86%
current return
Author Info
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Company Info
Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses.
Market Cap
$25.2B
Pitch Price
$370.00
Price Target
N/A
Dividend
0.66%
EV/EBITDA
33.61
P/E
46.60
EV/Sales
27.82
Sector
Oil, Gas and Consumable Fuels
Category
growth
Texas Pacific Land Corp ($TPL): Evolution
TPL (overview): Data-center evolution thesis. Project Kilby: sold 679 acres to Chevron for $42.5M nominal ($20.9M PV) + exclusive aquifer water rights for 2.67GW Microsoft-linked plant. Scuttlebutt suggests Q2'26 Shackelford/Jones buy ($110M total) is Buck Nail Ranch/Project North, a ~2GW Bolt-partnered campus, construction Q3'26. Water rights may now exceed surface value; value-accretion unclear on undisclosed terms. Catalysts: North announcement, re-rating from oil/gas royalty to land+water+energy platform.
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