Texas Pacific Land Corporation (TPL) Quote

To be fair, almost every time I've been to Durant it was under a tornado watch or warning.

I have and will continue to do so.

Over the past several years, it has probably been a waste of my time.

Too many iHubbers are just like those glued to slot machines Sunday night at Choctaw Durant while the NWS had issued tornado warnings and watches in Oklahoma and North Texas.

I use it mostly to save information for my own use. If someone responds or reaches out, I will reply.

Actually, its mostly about penny stock scams. With gambling and long shots you have a chance to win.
I often wonder if this is a microcosm of the planet and most people are this desperate and stupid? Or do only the poor and desperate come here?
A few times in my life, in the real world I've heard people recommend some of these scams, then get mad when I tell them.
Lottery tickets and penny stocks are for people who failed to plan ahead.

IHUB is mostly about stock gambling. Playing dumb longshots.

Check again.

bar1080

Re: Enterprising Investor post# 279

Monday, August 27, 2018 10:52:57 AM

Post#
281
of 1549
I went to law school almost that long ago. Rusty on many things especially trusts. TPL is quite interesting. I've been vaguely aware of it for many years.

Looks like I first noticed this in 2016, but waited until 2018 to get in....

fung_derf

Member Level
Re: Enterprising Investor post# 69

Wednesday, June 01, 2016 5:47:30 PM

Post#
70
of 1547
Looks interesting here
Just my opinion, of course.

Not a good entry date apparently....

fung_derf

Member Level
Re: None

Wednesday, November 14, 2018 9:50:55 AM

Post#
329
of 1547
What the heck is going on here? I've waited over a year to buy in here, the day I do, good news comes out and the stock tanks! I'm down $100 per share in 8 days!

Well, it's true that most people on IHUB wouldn't know a real stock if it bit them on the foot, why don't you start boards for the good stocks? Pretty disingenuous to mention them years later.
Perhaps you would convert some people to buying good stocks.

"TPL is up 2,195.14% to date for me since 3/12/15 with dividends reinvested." I just checked back and it looks like I started following TPL around 2020. Amazing how much posting existed on this board back then. I usually assume anything that's hot on IHUB is rubbish. My biggest winners, like CTAS, usually have zero IHUB following.

TPL is up 2,195.14% to date for me since 3/12/15 with dividends reinvested.
BRK-B, which I also own, is up 397.48% since 2/14/13.
Both companies have moved down but building cash and cash equivalents. At some point, buybacks will increase.

TPL has broken support now.

I can't tell if you are being facetious or not.
I have a huge gain here, but it has broken support last week.
The weird thing about this stock though is it does the unexpected.
I wish I had bought it in my IRA

Repeat: "I never bought TPL in the first place because it always looked ludicrously shilled to me. Too many rabid pumpers on this board." To me that's often a red flag.

Notice how many TPL fans left at about the same time?

I’m out, at a huge, huge, huge loss. The trend is down in an otherwise up market. The toxic water report is going to have an effect and the big funds know it. Maybe in ten years they’ll sort it out and I’ll jump back in at $50 a share. Until then, TPL is doomed to fall. Get out while you can is my warning to all.

This stock has always had wild swings. Support is currently at $1146, so it hasn't broken its trend yet.

This stock has doubled in the last 12 months.
Perhaps you are just very poor at reading a chart.

Huge dumperooski for this crap-ass stock. TPL is a dead end, and at any moment a single institution could decide to sell off. I bought in like an idiot at 1700, watched it fall to 1100 and rebound to 1400 so many times it ain't funny. There is very little general interest, as it seems most people prefer the sexy stocks like Nvdia, and debt-to-income ratio be damned. When this dips below 1000 I will basically be out more than I have ever been on any single stock that I was sure could double. Instead, it halved.

Is this the cause for the drop from 1400 to 1200 this past week? Absolutely nothing else has changed in the world.

Well, this isn't great

Texas warns biggest US oil field at risk from toxic water leaks:
Texas regulators are warning that wastewater from fracking in the biggest US oil basin is causing a “widespread” increase in underground pressure -- a development that risks hindering crude output and harming the environment. Shale oil wells in the Permian Basin generate millions of gallons of chemical-laced water, which drillers then pump back into the earth. Landowners and activists have said for years that this process causes toxic leaks. Now the state’s powerful oil and gas regulator, the Railroad Commission of Texas, is acknowledging the scale of the problem and imposing restrictions that could increase crude production costs. Restrictions on both deep and shallow injection zones could mean producers will have to pump their wastewater farther afield, increase recycling or pay to clean it up. All of these options would add to costs in the Permian, which accounts for about half of America's total crude production. Source: Bloomberg

This has had some wild swings, but I quit trying to guess and am just holding. It has a while before the support line catches up to it though.

Texas Pacific Land Corporation Announces First Quarter Results (5/07/25)

Earnings Call to be Held Thursday, May 8, 2025 at 9:30 am CT

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company,” “TPL,” “we,” “our” or “us”), one of the largest landowners in the State of Texas with surface and royalty ownership that provide revenue opportunities through the support of energy production, today announced its financial and operating results for the first quarter of 2025.

First Quarter 2025 Highlights

Oil and gas royalty production of 31.1 thousand barrels of oil equivalent (“Boe”) per day, a Company record

As of March 31, 2025, TPL’s royalty acreage had an estimated 5.9 net well permits, 12.9 net drilled but uncompleted wells ("DUCs"), and 5.4 net completed but not producing wells ("CUPs"). Net well permits, DUCs, and CUPs total 24.3 net wells(1), which represents a Company record. TPL had 90.2 net producing wells, and net producing wells added during the quarter had an average lateral length of approximately 8,988 feet.

Water Services and Operations segment revenues of $69.4 million, a Company record

Consolidated net income of $120.7 million, or $5.24 per share (diluted)

Adjusted EBITDA(2) of $169.4 million

Free cash flow(2) of $126.6 million

Quarterly cash dividend of $1.60 per share was paid on March 17, 2025
(1)

Total may not foot due to rounding.
(2)

Reconciliations of non-GAAP performance measures are provided in the tables below.
“Results for the first quarter of 2025 represented an excellent start to the year as the Company set quarterly records for oil and gas royalty production and Water Services and Operations segment revenue," said Tyler Glover, Chief Executive Officer of the Company. “TPL's resilient business model, high-margin cash flows, and fortress balance sheet enhances the Company's ability to weather a potential industry downcycle. Near-term activity levels remain strong around our footprint, but should economic volatility persist, our business retains numerous naturally embedded hedges to mitigate the potential direct impact of lower oil prices. In addition, TPL’s exceptional financial profile and strong liquidity with ample cash and no debt also allows us to be opportunistic during periods of uncertainty.”

Financial Results for the First Quarter of 2025 - Sequential

The Company reported net income of $120.7 million for the first quarter of 2025 compared to net income of $118.4 million for the fourth quarter of 2024.

Total revenues for the first quarter of 2025 were $196.0 million compared to $185.8 million for the fourth quarter of 2024. The increase in total revenues was primarily due to a $14.3 million increase in oil and gas royalty revenue and a $2.1 million increase in water sales compared to the fourth quarter of 2024. The Company’s share of production was 31.1 thousand Boe per day for the first quarter of 2025 versus 29.1 thousand Boe per day for the fourth quarter of 2024, and the average realized price was $41.58 per Boe in the first quarter of 2025 compared to $37.93 per Boe in the fourth quarter of 2024.

TPL’s revenue streams are directly impacted by commodity prices and development and operating decisions made by its customers.

Total operating expenses were $45.9 million for the first quarter of 2025 compared to $43.2 million for the fourth quarter of 2024. The increase in operating expenses was principally related to a $1.8 million increase in water service-related expenses during the first quarter of 2025 compared to the fourth quarter of 2024.

Financial Results for the First Quarter of 2025 - Year Over Year

Total revenues for the first quarter of 2025 were $196.0 million compared to $174.1 million for the first quarter of 2024. The increase in total revenues was primarily due to a $19.1 million increase in oil and gas royalty revenue and a $4.7 million increase in produced water royalties. The Company’s share of production was 31.1 thousand Boe per day for the first quarter of 2025 versus 24.8 thousand Boe per day for the first quarter of 2024, and the average realized price was $41.58 per Boe for the first quarter of 2025 versus $42.71 per Boe for the first quarter of 2024. Produced water royalties increased principally due to an increase in produced water volumes. TPL’s revenue streams are directly impacted by commodity prices and development and operating decisions made by its customers.

Total operating expenses were $45.9 million for the first quarter of 2025 compared to $38.1 million for the first quarter of 2024. The increase in operating expenses was principally related to a $6.8 million increase in depletion expense associated with oil and gas royalty interests acquired during the second half of 2024.

Quarterly Dividend Declared

On May 6, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $1.60 per share, payable on June 16, 2025 to stockholders of record at the close of business on June 2, 2025.

Conference Call and Webcast Information

The Company will hold a conference call on Thursday, May 8, 2025 at 9:30 a.m. Central Time to discuss first quarter results. A live webcast of the conference call will be available on the Investors section of the Company’s website at www.TexasPacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.

The conference call can also be accessed by dialing 1-877-407-4018 or 1-201-689-8471. The telephone replay can be accessed by dialing 1-844-512-2921 or 1-412-317-6671 and providing the conference ID# 13753234. The telephone replay will be available starting shortly after the call through May 22, 2025.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 873,000 acres of land, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership provide revenue opportunities throughout the life cycle of a well. These revenue opportunities include fixed fee payments for use of the Company’s land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and/or treated produced water, revenue from the Company’s oil and gas royalty interests, and revenue related to saltwater disposal on the Company’s land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases and temporary permits principally related to a variety of land uses including, but not limited to, midstream infrastructure projects and hydrocarbon processing facilities.

Visit TPL at www.TexasPacific.com.

https://www.businesswire.com/news/home/20250507740663/en/Texas-Pacific-Land-Corporation-Announces-First-Quarter-Results

[financials deleted]

At the risk of being thought of as a "rabid pumper" the following is hereby posted.

Texas Pacific Land Corporation Sets Dates for First Quarter 2025 Earnings Release and Conference Call

April 15 2025 - 4:15PM
Business Wire

Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) announced today that the Company will release first quarter 2025 financial results after the market closes on Wednesday, May 7, 2025. A conference call will be held on Thursday, May 8, 2025 at 10:30 a.m. Eastern Time.

Webcast:
A webcast of the conference call will be available on the Investors section of the Company’s website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.

To Participate in the Telephone Conference Call:
Dial in at least 15 minutes prior to start time:
Domestic: 1-877-407-4018
International: 1-201-689-8471

Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Pass code: 13753234
The playback can be accessed through Thursday, May 22, 2025.

Source:
https://www.businesswire.com/news/home/20250415970163/en/

Marker:
TPL
$1,298.64 21.06 (1.65%)
Volume: 104,157

**This is not a Buy or Sell recommendation.

I guess he means you. Have you been tested for rabies lately?

Too many rabid pumpers?

LOL.....surely you're not serious? You think people are pumping a $1000+ stock?

I never bought TPL in the first place because it always looked ludicrously shilled to me. Too many rabid pumpers on this board.

I sold 2/3rds of my shares at $1738 as it looked like the pullback was coming. $1285 is a support level and I may just add back a third today.
I watch Landman for the daughter.

Wow. I called that wrong. Nothing but dump city since the uplisting.
Not worried in the long term. Index buying will carry this back up to $2k eventually.
Meanwhile, I will content myself with watching Landman -- the Texas oil patch melodrama with Billy Bob Thornton.

$TRV has been a great stock. Too bad I never bought any. However, you putting down the growth stocks as individual buys is wrong. When I sold my last house, rather than haggle over the measly $10 or $20k more I might get, I sold on Open Door, I put the sales money into AMZN, MSFT, AAPL, NFLX and I think the other was ...well I can't think of it now....anyway, within 4 months, I was able to pay cash for my much bigger house on the Country Club course.
There is not just one way to make money in the market. You just need to understand it.
Nothing wrong with slow and steady, but it is the hot short term markets that often times make for those crazy total returns. This year has been a classic example in how to make money in most everything. Of course......there's inflation and taxes ....
My overall portfolio is up over 30% this year! That's just crazy when you're dealing with large numbers

"I always hated when people said that investing is gambling." IHUBers don't like the brilliant advice I give which is to invest in the dullest, most boring stocks. Never individual tech or hot start ups. Few issues are more boing than an S&P 500 index fund. Then check back every few years. Buffett's said the same.

Opinions will vary, but few sectors are more boring than insurance. You don't see the newbies on RobinHood buying insurance stocks but such stocks have done great and made boring old Buffett a billionaire. Currently I own BRK and TRV, both fabulous winners. For long term tech exposure my kids own QQQ.

I don't put a cent in a machine guaranteed to beat me badly.

I invest; I don't bet. No slots for me. Ever.

Hmmmmm, a bit tempted to buy back some shares now that it's down $100 from where I sold it.
They are paying a dividend on 12/2....maybe I should wait until Ex Div?

I think Buffett has always wanted to help the average person when it comes to investing. Using a low-cost index fund is cheaper than paying a broker an asset management fee.

This is one of my very large pet peeves. The government is pushing for using management fee over transaction fee based accounts. So these so called "CFP's" like Fisher Investments tout they make money when you do....This is stupid and merely an advertising effort. Recently I called them (and now can't get them to leave me alone). I asked them what I get for a half million....Basically, nothing special at all. In fact they will probably underperform.
The government wants to do away with brokerages and single stock buying. They want everyone in an ETF based on an index. It would be so much easier for them to control the market in this way.....In the meantime, companies like Fisher want to charge me 1%+ on my entire portfolio, even though the muni bonds would just be sitting there until maturity.
With the government pushing for management fee, this came with the caveat that they want to see MORE trading, so that brokerages aren't just parking the money and forgetting it. The very opposite strategy of what intelligent investors have been doing for decades.
In my opinion, for my mutual fund money, I can buy an index, which HAS to buy certain stocks AND sell these stocks if they are removed from the index, but not until.....or I can pay American Funds to typically outperform the index with a much lower Beta and fees almost as low.....but they can make decisions.....just as I can with my individual stocks.
I' m at an advantage to most, I have time to follow the market every day, and I have some common sense left. I also diversify

I don't know the difference between VOO and all the other S&P Index funds.
The only index I really like is RSP. It equal weights the index and doesn't just sell you another tech fund in drag.

Buffet has a HUGE advantage over mutual funds and individuals. He doesn't fall under the same reporting standards of a mutual fund and he's big enough that companies come to him with information before the street gets it. I didn't say he recommends individual stocks, I said he buys them over indexes. If an index ETF was the all in end all way to invest, it's where all his money would be. I don't like the idea that Buffet can dump all his MSFT if he wants to, but in an index fund I'm left holding his bag. SURE he wants YOU in an index.

Here is a great article worth reading, if you can get the Wall Street Journal this morning. It explains a lot of what is driving this company's profits.

https://www.wsj.com/business/energy-oil/one-of-the-hottest-stocks-in-the-oil-patch-is-a-defunct-19th-century-railroad-4b10a483

No gambling addict here.  

I do play low-volatility slot machines for fun. My goal is converting free play into cash and earning free nights. Sometimes, you also get lucky. Most people simply give it back by looking to repeat.

I always hated when people said that investing is gambling. I think we would all agree that few people have the skill to make investment decisions on their own. My best friend and wife has only placed one trade in her life. It actually happened a couple of weeks ago.

I think Buffett has always wanted to help the average person when it comes to investing. Using a low-cost index fund is cheaper than paying a broker an asset management fee.

Regarding education, I believe I would rate above average. I have earned a BBA with a concentration in finance from Southern Methodist University (1985), a MBA in Corporate Finance from the University of Dallas (1995)  and a MS in Real Estate from University of Texas at Arlington (2023).

Buffett doesn't recommend specific stocks and what he owns by way of BRK is very, very VERY public. Currently BRK has tiny, almost trivial positions in two S&P 500 index funds, SPY and Vanguard's VOO. My kids own SPY and my CPA son also has VOO. Both of my kids are now fairly wealthy by most standards.

As for free trading, that doesn't interest me. I trade stocks maybe once or twice a year. I want the strongest brokerage houses, not the cheapest. Sometimes I'll park some cash in short term bond funds. I'll usually hold them to maturity which is always short term.

BTW, my CPA son also has a degree in finance, with honors. I've found few IHUBers who know anything about investing. Many are hopeless gambling addicts.

GL

I know by now I'm not going to change you and you're not going to change me. You aren't going to change your style because I say so, and your style is better than most. I'm merely trying to share my 30 years of wisdom with you.
One last cautionary tale.....My father traded through Olde and company. I believe they got bought out by H&R Block. Anywho, he used to brag how much he liked trading with them because $500k accounts got free trading. One day he sold off something at the market...free trade.....until I pulled the buys and sells at that time. His trade went through $1.11 lower than the trade before and after his according to the time stamp. Sure, Olde did free trades. It just cost him $1100 for 1000 shares on that free trade.
Sometimes free doesn't mean free and sometimes trades are done as cross trades within a company and the shareholder gets screwed. And sometimes lower expenses aren't as beneficial as you think.
And lastly, I don't WANT to own the S&P Index. Certainly not with how it's weighted now.
Warren Buffet may be recommending the Index to small uninformed investors, but he's not buying it for himself.

"I don't want my ETF skimming off the top."

When I started investing in the 1960s standard commission to buy a stock mutual fund was 8.5% No one called it "skimming." It was the profit charged for the considerable services provided. Now Vanguard has some funds with expenses in the neighborhood of .03% or even less. And most brokerage customers, like me, are getting wealthier and wealthier. Zero complaints.

---
You can create your own free and perfect S&P 500... just buy 500 different stocks and handle the rebalancing and filings yourself. See how that works for you.

Even wilder guesses are inventory numbers from retail stores such as department stores. A CPA once told me they aim to be plus or minus 5% with their numbers, and forced liquidation numbers are probably off by vastly more than that. Error in index funds from re-balancing are microscopic.

If I'm buying an S&P 500 ETF and the index is at 6015, then I want my ETF to be trading at $60.15, not $59.45 plus expenses. In other words, I don't want my ETF skimming off the top. Has nothing to do with liquidation or book values.
ETF's get to skip a lot of rules. I'm just not a fan, although admittedly, it is easier to use....and mutual funds are becoming a thing of the past. All the mutual fund companies are switching over to ETF's now. They say for tax reasons

Nothing ever tracks anything precisely, but that doesn't matter. All accounting involves approximations. I have millions in index funds and related ETFs. Do you think the Book Value of a company is precise to the cent??? Numbers like Depreciation are simply best guesses. Buffett and Munger often talked about the Margin of Error.

If you own stock in a car rental company, do you think those cars could be liquidated precisely at book value??? And even the most accurate numbers are updated every three months and released to the public only much later.

I did not know this. I would suggest you be very careful with artificially made ETF's. They are the modern day version of the Hedge Fund as they get to skirt a lot of rules. They rarely track accurately their investments.
Many, many years ago a wise man told me, stay away from derivative products.....this was great advice.

Did you know that TPL is the largest holding in the iShares Core S&P IJH mid-cap ETF which I've owned for several years. It's been a good performer lately as the chart below shows. Now at all-time high.

https://finviz.com/quote.ashx?t=IJH&p=d

I did recently. YTD S&P + 26.24.....I was +29% a few weeks ago and it has gone higher recently....and I have some muni bonds in my portfolio.
I haven't compared my American Funds IRA lately, but almost every year it has beat the S&P 500 with far lower beta. In fact, I can't recall a year it hasn't.
Most people on IHUB are dumb and have no clue that they are doing things backwards. I would never use the S&P index fund. It is the only one guaranteed not to beat the market. Sadly though, most mutual fund managers fear losing their job more than outperforming the market, so most do underperform.
When you're buying the Index, you're pretty much buying about 6 stocks and I own those on my own anyway, but I'm not stuck in them like the fund is.

https://www.capitalgroup.com/advisor/investments/americanfunds?shareclass=A&pricing=NAV

Never had Woolworth. I don't use Buffett's strategy. I use John Bogle's, if any one person should get credit/blame for my style. But Buffett now owns two index funds, VOO and SPY. AND HE STILL DOESN'T USE CHARTING, OR Tealeaves. I do have a far amount of BRK

Investors who use index funds don't leave index funds. Never seen that happen. You should benchmark your portfolio against the S&P 500. Give it a test... as I did 30+ years ago, and since.

Sure. I was just trying to do some math to determine what percentage being added to the S&P 500 adds to the value of the company. Since TPL is thinly traded, I thought it might be useful to track.
On a side note, SMU has really shocked me this year, but I would have liked to see them play Clemson.

It is a one-time event as long as it remains.

How would you be doing if you held Woolworths?
There are stocks worth holding forever (although not as many as there used to be), and stocks to be trading. Case in point, Warren Buffet doesn't own any TPL.
You can't use Warren's strategy to every stock. TPL has had some wild swings in the past and you would have made much more by trading this.
This stock has a P/E of 82 now. Probably the highest its ever had. Great stocks do get overbought. BTW, I also own DE, but it had been stuck in a 3 year stall, and just broke out this month.

You're answering my question backwards. I'm not asking what TPL adds to the S&P, I'm asking what the S&P adds to TPL

"It may be a mistake, but I have now sold off 2/3rds of my position here and will let the rest ride." Trading is *usually* a mistake. There's all sorts of academic research showing that.

I haven't sold anything in years and have done great for that reason. Some of my biggest holdings are 20+ years old, such as Cintas. Rockwell Automation and my index funds, especially QQQ which is about a 15 bagger.

Did buy John Deere a few years ago. It's been good and has raised its dividend once or twice too.