The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Texas Pacific Land Corporation (TPL), headquartered in Dallas, Texas, owns and manages tracts of land and resource, and water services and operations businesses in Texas. Valued at $24.7 billion by market cap, the company's income is derived from land sales, oil and gas royalties, grazing leases, and interest.

Shares of this leading owner of oil and gas surface acreage and subsurface mineral interests have outperformed the broader market over the past year. TPL has gained 22.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 20.4%. In 2026, TPL stock is up 25%, surpassing the SPX's 13.7% rise on a YTD basis. 

Wall Street Thinks Monolithic Power Is a Buy. Here's Why It Might Be Right.

Crude Prices Slightly Lower as Oil Supplies Transit Through the Persian Gulf

Crude Prices Jump as US-Iran War at a Standstill

Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!

Narrowing the focus, TPL's underperformance is apparent compared to the iShares U.S. Oil & Gas Exploration & Production ETF (IEO). The exchange-traded fund has gained about 47.8% over the past year. Moreover, the ETF's 46.5% returns on a YTD basis outshine the stock's gains over the same time frame.

TPL has experienced mixed stock performance, marked by strong long-term fundamentals alongside periods of near-term revenue pressure and commodity market volatility. Operating as an asset-light royalty owner across 880,000+ acres in the Permian Basin, the company achieved record net income and robust free cash flow in its Q2 2026 results while maintaining high-margin operations through oil, gas, and water sourcing royalties. However, headwinds such as fluctuations in regional energy prices and broader market pullbacks periodically weighed on investor sentiment. 

On Aug. 5, TPL shares closed down by 3.5% after reporting its Q2 results. Its revenue stood at $246.1 million, up 3.9% quarter over quarter. The company's EPS increased from the previous quarter to $2.23.

For the current fiscal year, ending in December, analysts expect TPL's EPS to grow 27.4% to $8.88 on a diluted basis. The company's earnings surprise history is impressive. It beat the consensus estimate in each of the last three quarters.

Among the three analysts covering TPL stock, the consensus is a "Moderate Buy." That's based on two "Strong Buy" ratings, and one "Hold."

This configuration is less bearish than a month ago, with one analyst suggesting a "Strong Sell."

On Jun. 3, Tim Rezvan from KeyBanc maintained a "Buy" rating on TPL, with a price target of $639, the Street-high price target, implying a potential upside of 78.2% from current levels.

The mean price target of $442.33 represents a 23.4% premium to TPL's current price levels.

On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com