Texas Pacific Land (TPL)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from TPL's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Texas Pacific Land's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $451M | $667M | $632M | $706M | $798M |
| Net income | $270M | $446M | $406M | $454M | $481M |
| Free cash flow | $249M | $428M | — | — | — |
| EPS (diluted) | $3.87 | $6.42 | $5.86 | $6.57 | $6.97 |
| Operating margin | 80.4% | 84.3% | 77.0% | 76.4% | 74.2% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own TPL
From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Murray Stahl Horizon Kinetics LLC |
Trimmed | $4.3B | 48.6% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $124M | 0.04% | Q2 2026 |
| Eric Marshall Hodges Capital Management |
Trimmed | $44M | 2.9% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $16M | 0.04% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Held | $6M | 0.05% | Q2 2026 |
Insider buying
Open-market purchases by Texas Pacific Land's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Sep 29, 2026 | Horizon Kinetics Asset Management Llc Major Shareholder |
4 | $340.96 | $1,364 |
| Sep 28, 2026 | Horizon Kinetics Asset Management Llc Major Shareholder |
1 | $340.12 | $340 |
| Sep 25, 2026 | Horizon Kinetics Asset Management Llc Major Shareholder |
1 | $339.72 | $340 |
| Sep 24, 2026 | Horizon Kinetics Asset Management Llc Major Shareholder |
1 | $340.28 | $340 |
| Sep 23, 2026 | Horizon Kinetics Asset Management Llc Major Shareholder |
1 | $352.95 | $353 |
| Sep 22, 2026 | Horizon Kinetics Asset Management Llc Major Shareholder |
1 | $361.36 | $361 |
| Sep 21, 2026 | Horizon Kinetics Asset Management Llc Major Shareholder |
1 | $348.98 | $349 |
| Sep 18, 2026 | Horizon Kinetics Asset Management Llc Major Shareholder |
1 | $351.34 | $351 |
| Sep 17, 2026 | Horizon Kinetics Asset Management Llc Major Shareholder |
1 | $349.35 | $349 |
| Sep 16, 2026 | Horizon Kinetics Asset Management Llc Major Shareholder |
1 | $352.36 | $352 |
Get an alert at your buy price
Pick the price you'd be interested at. We'll email you when TPL trades at or below it.
Free accounts get 3 price alerts. No card needed.
In the full deep dive
Questions
Are Texas Pacific Land insiders buying the stock?
10 open-market insider purchases of TPL in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Texas Pacific Land?
5 of the superinvestors Investingly tracks hold TPL in their latest 13F, including Murray Stahl, Cliff Asness, Eric Marshall.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.