Texas Pacific Land Corporation

Texas Pacific Land Corporation operates through two main segments: Land and Resource Management, and Water Services and Operations. The Land and Resource Management segment manages surface acres of land and oil and gas royalty interests in the Permian Basin. It also handles easements for transporting oil, gas, and hydrocarbons, as well as power line and utility easements. Additionally, it leases land for processing, storage, and compression facilities, and sells materials like caliche, sand, and gravel. The Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water treatment, infrastructure development, and disposal solutions to operators in the Permian Basin. It also holds produced water royalties.

Texas Pacific Land Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol TPL. The company trades in US Dollars (USD), as it is based in the United States. Being listed on the NYSE provides liquidity and access to a broad investor base. The company's financial reporting is also in USD, aligning with its operations and headquarters in the United States.

Texas Pacific Land Corporation operates in the Energy sector, specifically within the Oil & Gas E&P (Exploration and Production) industry. However, unlike traditional E&P companies that drill for oil and gas, TPL focuses on land and resource management as well as water services. Its business model is centered on owning vast land and royalty interests in the Permian Basin, one of the most prolific oil-producing regions in the United States. The company generates revenue from leasing land, selling materials, and providing water services to oil and gas operators, making it a unique player in the energy industry.

Texas Pacific Land Corporation is headquartered in Dallas, Texas, United States. The company was founded in 1888, giving it a long history of over 130 years. Originally established as a land company, it has evolved to focus on managing its extensive land holdings and royalty interests in the Permian Basin. The company's portfolio includes a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres, a 1/16th NPRI under about 371,000 acres, and approximately 33,000 additional net royalty acres, totaling around 224,000 net royalty acres in the Permian Basin.

Texas Pacific Land Corporation generates revenue through two primary business segments. The Land and Resource Management segment earns income from leasing surface acres for various purposes, including oil and gas operations, easements for pipelines and utilities, and leasing land for processing and storage facilities. It also sells materials such as caliche, sand, and gravel, and occasionally sells land. The Water Services and Operations segment provides comprehensive water management services to Permian Basin operators, including water sourcing, treatment, infrastructure development, and disposal solutions. Additionally, the company holds produced water royalties. A key part of its business model is its ownership of nonparticipating perpetual oil and gas royalty interests (NPRIs) under large tracts of land, which entitle it to a share of production revenues without bearing exploration or development costs.