Originally formed from the Texas and Pacific Railway Company, TPL has royalty interests and water resources across its vast holdings.
Do not be alarmed by the lower price. Texas Pacific completed a three-for-one stock split in December 2025, so our $1,338 entry equals about $446 a share today. On that adjusted basis the shares are off roughly 15% since my recommendation, held back by softer oil prices, even as the company’s high-margin royalty and water businesses keep generating cash. Some good news: the stock is up more than 35% year to date.