What is the 13F Pro Quality Score for TPL?

13F Pro ranks Texas Pacific Land Corp (TPL) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View TPL's current score at https://13fpro.ai/company/TPL (free sign-up required for the full ranking).

Which hedge funds own the most TPL stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of TPL include HORIZON KINETICS ASSET MANAGEMENT, BlackRock,, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/TPL as soon as new 13F filings post.

Where does 13F Pro source TPL data?

All Texas Pacific Land Corp fundamentals and ownership data come directly from SEC EDGAR. Texas Pacific Land Corp files with the SEC under CIK 1811074. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is TPL in?

Texas Pacific Land Corp (TPL) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives TPL's revenue?

Per Texas Pacific Land Corp's latest 10-Q filed with the SEC on 2026-08-05, the biggest revenue drivers are: Oil and gas royalties ($145.6M, +53.2% YoY); Water sales ($39.7M, +$14.2M YoY); Produced water royalties ($37.1M, +$6.3M YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/TPL.

What are TPL's largest expenses?

Texas Pacific Land Corp's latest 10-Q reports these as the largest expense items: Depreciation, depletion and amortization ($16.6M, +$2.9M YoY); Salaries and related employee expenses ($15.6M, +$1.5M YoY); Water service-related expenses ($11.6M, +$3.1M YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is TPL research updated on 13F Pro?

TPL's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Texas Pacific Land Corp(TPL)Stock Analysis

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SEC EDGAR: CIK 1811074 TPL stock profile & AI dashboard →

13F Pro Quality Score

73.0/100

Rank #141 of 2,960 stocksTOP 5%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

74.0/100

Profitability

98.3/100

Balance Sheet

98.6/100

Earnings Quality

41.5/100

Free Cash Flow

98.0/100

Institutional Flow

58.3/100

Revenue Scale

48.4/100

Dilution Risk

41.1/100

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Why TPL Scores 73/100

exact factor attribution · 2026-09-10

TPL's composite is driven by profitability and free cash flow. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Profitability

+9.7 pts

98th pct

Free cash flow

+7.2 pts

98th pct

Capital efficiency

+6.5 pts

99th pct

Revenue growth

+6.4 pts

74th pct

Earnings growth

+0.8 pts

63th pct

Institutional flow

+0.6 pts

58th pct

Scale

-0.3 pts

48th pct

Shareholder dilution

-0.6 pts

41th pct

Earnings quality

-0.8 pts

42th pct

Latest change (2026-08-06): 79 → 77 · ↓ Revenue growth 72→60; ↓ Earnings growth 57→48

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

TPL Stock Analysis & AI Quality Score

Data updated 2026-09-10

AI stock analysis and institutional research for Texas Pacific Land Corp (TPL), a Financials sector company. 13F Pro's AI-powered ranking engine scores TPL at 73.0/100 on a 32-signal composite quality model, placing it at rank #141 of 2,960 stocks — the top 5% of the AI-ranked universe. TPL scores in the top quartile across balance sheet strength (98.6), profitability (98.3), free cash flow (98.0). Shareholder dilution risk is elevated at 41.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Texas Pacific Land Corp reports quarterly revenue of $246.1M, net income of $153.9M, an operating margin of 78.0%. Top institutional holders of TPL by reported 13-F value include HORIZON KINETICS ASSET MANAGEMENT, BlackRock, STATE STREET, based on the most recent SEC filings. TPL trades on the NYSE exchange and files with the SEC under CIK 1811074. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TPL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Texas Pacific Land Corp directly from SEC EDGAR. Texas Pacific Land Corp's 13F Pro composite quality score has ranged between 47 and 82 since 2021, currently 73.0 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about Texas Pacific Land Corp

Quirks, history, and lore behind TPL — the kind of stuff that makes a stock memorable.

1
The Basics
A Texas-based company in the Financials sector · listed on the NYSE · with a business model built almost entirely around land ownership.
2
The Numbers
It sits on roughly 900,000 surface acres and over 800,000 royalty acres in the Permian Basin — yet employs only a few hundred people, making it one of the most asset-rich, lean operations in corporate America.
3
The History
Its land holdings trace back to an 1888 railroad land grant — the company inherited the territory after a rail company went bankrupt and creditors converted the land into a standalone trust.
4
The Secret
It doesn't drill a single well itself — it simply collects royalties and easement fees from oil and gas producers who do the sweating, making it the ultimate toll-booth landlord of the Permian.
5
The Lore
The company converted from a trust structure to a corporation in 2021, unlocking institutional investment — and its share price has made it one of the best-performing land stocks of the modern era.
6
The Giveaway
Nearly a million acres in West Texas, a lineage stretching to a 19th-century railroad, and a ticker that literally spells out Texas + Pacific + Land.

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What's Driving TPL's Business? Latest 10-Q Breakdown

AI-extracted from Texas Pacific Land Corp's 10-Q filed 2026-08-05 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue rose to $246.1M from $187.5M as oil and gas royalties jumped 53.2% to $145.6M on a 28.0% higher realized price of $42.17/Boe and 39.7 MBoe/d production.

Biggest Revenue Drivers

Oil and gas royalties$145.6M+53.2% YoY

Average realized price increased 28.0% to $42.17 per Boe and production rose to 39.7 thousand Boe per day

Water sales$39.7M+$14.2M YoY

Increase of 37.5% in water sales volumes and 13.0% in average realized pricing

Biggest Revenue Drivers

Total revenue: $246.1M

Oil and gas royalties$145.6M+53.2% YoY

Average realized price increased 28.0% to $42.17 per Boe and production rose to 39.7 thousand Boe per day

Within Oil and gas royalties

Oil royalties$119.3M

Realized oil price of $97.55 per Bbl versus $63.99 a year ago

Water sales$39.7M+$14.2M YoY

Increase of 37.5% in water sales volumes and 13.0% in average realized pricing

Produced water royalties$37.1M+$6.3M YoY

Principally due to a 14.7% increase in produced water volumes

Largest Expense Items

Depreciation, depletion and amortization$16.6M+$2.9M YoY

Principally depletion expense associated with royalty interests acquired during the second half of 2025

Salaries and related employee expenses$15.6M+$1.5M YoY

Market compensation adjustments effective annually and an increase in company headcount

Water service-related expenses$11.6M+$3.1M YoY

Principally related to a 37.5% increase in water sales volumes

General and administrative expenses$8.0M+$2.3M YoY

Primarily an increase in rent and office-related expenses of $0.6 million at the LRM segment

Margins: Operating income rose to $191.8M from $143.8M on revenue of $246.1M against $54.2M of operating expenses; the effective tax rate fell to 20.5% from 22.0% on purchased transferable federal tax credits.

Watch Items from the Filing

Waha Hub natural gas averaged negative $2.92 per mmbtu in the quarter; realized natural gas price fell to $0.40/Mcf from $0.87, cutting gas royalties to $2.6M from $4.6M.
Easements and other surface-related income fell to $23.7M from $36.2M, driven by a $15.0M decline in pipeline easements the filing calls unpredictable and variable period to period.
Permian activity is softening: average weekly horizontal rig count fell to 224 from 273 and DUCs to 3,872 from 4,428, with all revenue concentrated in one basin.
Chevron Project Kilby land sale booked $20.9M of revenue against $42.4M of contractual payments through 2046, with developer put and company call options tied to development milestones.
Cash of $248.6M sits well below the stated $700M target balance; the $500M credit facility is undrawn and the company is in compliance with all covenants.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$246.1M

Net Income

Q2 2026

$153.9M

Operating Margin

Q2 2026

78.0%

ROIC

Q2 2026

45.9%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+13.1% YoY

$798.2MFY 2025

FY22 $667.4MFY23 $631.6MFY24 $705.8MFY25 $798.2M

Net Income

+6.0% YoY

$481.4MFY 2025

FY22 $446.4MFY23 $405.6MFY24 $454.0MFY25 $481.4M

Operating Income

+9.8% YoY

$592.2MFY 2025

FY22 $562.3MFY23 $486.1MFY24 $539.1MFY25 $592.2M

EPS (Diluted)

+218.3% YoY

$6.97FY 2025

FY22 $2.14FY23 $0.65FY24 $2.19FY25 $6.97

Total Assets

+30.1% YoY

$1.62BFY 2025

FY22 $877.4MFY23 $1.16BFY24 $1.25BFY25 $1.62B

Op. Cash Flow

+11.3% YoY

$545.9MFY 2025

FY22 $447.1MFY23 $418.3MFY24 $490.7MFY25 $545.9M

Free Cash Flow

—FY 2025

FY22 $428.2MFY23 —FY24 —FY25 —

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$798.2M +13.1%	$705.8M +11.8%	$631.6M -5.4%	$667.4M +48.0%	$451.0M +49.0%	$302.6M
Net Income	$481.4M +6.0%	$454.0M +11.9%	$405.6M -9.1%	$446.4M +65.3%	$270.0M +53.4%	$176.0M
Operating Income	$592.2M +9.8%	$539.1M +10.9%	$486.1M -13.6%	$562.3M +55.2%	$362.4M +66.8%	$217.3M
EPS (Diluted)	$6.97 +218.3%	$2.19 +236.4%	$0.65 -69.6%	$2.14 -44.7%	$3.87 +53.4%	$2.52
Total Assets	$1.62B +30.1%	$1.25B +7.9%	$1.16B +31.8%	$877.4M +14.8%	$764.1M +33.7%	$571.6M
Operating Cash Flow	$545.9M +11.3%	$490.7M +17.3%	$418.3M -6.5%	$447.1M +68.6%	$265.2M +28.1%	$207.0M
Free Cash Flow	—	—	—	$428.2M +72.1%	$248.7M +23.2%	$202.0M

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Available Research

13F Pro tracks comprehensive data for Texas Pacific Land Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of TPL

HORIZON KINETICS ASSET MANAGEMENT LLC
$4.3B9,802,899 sh
BlackRock, Inc.
$2.3B5,296,254 sh
STATE STREET CORP
$1.7B3,964,748 sh
VANGUARD CAPITAL MANAGEMENT LLC
$1.7B3,808,863 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.4B3,184,079 sh
GEODE CAPITAL MANAGEMENT, LLC
$717.9M1,646,584 sh
FIRST MANHATTAN CO. LLC.
$466.0M1,064,741 sh
SoftVest Advisors, LLC
$464.8M1,062,099 sh
MORGAN STANLEY
$425.5M972,321 sh
Invesco Ltd.
$313.2M715,743 sh

Fund	Value	Shares
HORIZON KINETICS ASSET MANAGEMENT LLC	$4.3B	9,802,899
BlackRock, Inc.	$2.3B	5,296,254
STATE STREET CORP	$1.7B	3,964,748
VANGUARD CAPITAL MANAGEMENT LLC	$1.7B	3,808,863
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.4B	3,184,079
GEODE CAPITAL MANAGEMENT, LLC	$717.9M	1,646,584
FIRST MANHATTAN CO. LLC.	$466.0M	1,064,741
SoftVest Advisors, LLC	$464.8M	1,062,099
MORGAN STANLEY	$425.5M	972,321
Invesco Ltd.	$313.2M	715,743

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Is TPL a good stock to buy?

13F Pro's AI-powered analysis of Texas Pacific Land Corp (TPL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TPL are available on the TPL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. TPL is classified as a large company.

Which hedge funds own TPL?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TPL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Texas Pacific Land Corp's investment landscape.