Texas Pacific Land shares rise 38% year to date
Texas Pacific Land owns about 880,000 acres of land, mostly in the Permian Basin of West Texas.
The company generates revenue through oil and gas royalties and water sales.
In 2025, it reported $798 million in revenue, $481 million in net income, and $498 million in free cash flow.
The company’s unique business model produces high margins with minimal spending.