Texas Pacific Land Corporation benefits from higher oil prices and AI infrastructure growth in West Texas, driving a 52.4% gain.
Texas Pacific Land Corporation (NYSE: TPL) shares climbed 52.4% in the first half of 2026, driven by rising oil and gas prices and demand for AI data center infrastructure. The company’s 882,000 surface acres and 224,000 net royalty acres in the Permian Basin position it to capitalize on higher energy prices and increased drilling activity.
The conflict in Iran and subsequent oil price increases boosted TPL’s royalty revenues, which are tied to a percentage of sales. Additionally, West Texas’s low-cost land, energy access, and regulatory environment attracted AI data center developers, including a partnership with startup Bolt.
TPL’s water production and treatment capabilities further supported its growth, as AI data centers require significant water resources.