What changed
$TPL — WATCHLIST 📊
Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses.
🎯 Q1 FY26 | Rev $0B | EPS $2.07 vs $2.02 🟢
💡 Consensus expects modest growth from land sales and stable royalties, but we see risks of flat/declining earnings if oil prices weaken, and the market may be overestimating the speed at which data center deals can scale.
📉 Reward/Risk: 4.0:1
🏢 Business Quality: 8/10 - Dominant Permian land position, high-margin royalty model, minimal capex, and recurring revenues, but heavily tied to oil & gas activity and relatively concentrated.
📊 Valuation: fair - Trading at ~14x P/E and ~9.5x EV/EBITDA (after adjusting for net cash), in line with royalty peers like VNOM and historical averages.
📊 Our read: WATCHLIST. Full analysis →
https://stockduty.xyz/s/TPL0621
Also in play: $OKE $WMB $KMI $ET $TRP