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TPL Texas Pacific Land Corp

NYSE, CIK 0001811074, fiscal year ends 12/31. Last price 338.26 on 2026-10-23, market value 23.3 billion dollars.

Machine-readable: TPL.json, TPL.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

Philosophy	Score	Status	Current inputs as of	History used	Price	Verification	Rules
Graham Defensive	n/a	not scored (financial)	—	—	—	—	method
Magic Formula	n/a	not scored	—	—	—	—	method
Momentum	40	ok	2026-10-23	—	2026-10-23	—	method
Insider	36	ok	2026-10-23	—	—	—	method
Buffett Quality	n/a	not scored (financial)	—	—	—	—	method
Lynch GARP	n/a	not scored (financial)	—	—	—	—	method
Graham Enterprising	n/a	not scored (financial)	—	—	—	—	method
Piotroski F-Score	n/a	not scored (financial)	—	—	—	—	method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

Input	Value	Unit	Period / date	Source
Traded price	338.26	USD per traded unit (share or ADS)	2026-10-23	Yahoo Finance
SEC shares outstanding	68,974,683	underlying shares	2026-07-31	SEC cover page 10-Q 0001811074-26-000058 (68,974,683 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1811074/000181107426000058/tpl-20260630.htm 0001811074-26-000058
Depositary ratio	1.0	underlying shares per traded unit		domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares	23,331,376,272	USD	2026-10-23 shares at 2026-07-31	338.26 (price 2026-10-23) / 1 x 68,974,683 (shares at 2026-07-31) = 23,331,376,272

Graham Defensive

not scored (financial). How this is scored.

not scored (financial).

Magic Formula

not scored. How this is scored.

not scored.

Momentum

40 of 100. ok. How this is scored.

Test or factor	Value	Points
12-1 month return	8.1 % (percentile 52.0)	26.0 / 50
6 month return	-22.7 % (percentile 8.1)	1.6 / 20
Price / 52-week high	0.629	9.4 / 15
Volatility penalty (60d annualised)	43.5 %	2.6 / 15

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Adjusted close series (14 months)	338.26	2026-10-23	Yahoo Finance / Alpaca Market Data daily history	not cross-checked

Insider

36 of 100. ok. How this is scored. Form 4 data loaded through 2026-10-23

Test or factor	Value	Points
Open-market buy value / market cap (percentile among buyers)	0.01 bp	8.0 / 35
Distinct buyers	2	12.5 / 25
Buyer seniority	0.5	10.0 / 20
Recency (half-life 30d)	0.54	5.4 / 10
Sales penalty (excludes 10b5-1 plan sales)	0.0 bp	-0.0 / 0

Inputs, 46 numbers with their sources

Input	Value	Period	Source	Check
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-29	1363.84	2026-09-29	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-28	340.12	2026-09-28	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-25	339.72	2026-09-25	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-24	340.28	2026-09-24	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-23	352.95	2026-09-23	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-22	361.36	2026-09-22	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-21	348.98	2026-09-21	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-18	351.34	2026-09-18	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-17	349.35	2026-09-17	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-16	352.36	2026-09-16	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-15	370.59	2026-09-15	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P DOYLE PETER 2026-09-15	1858.1999999999998	2026-09-15	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-14	371.73	2026-09-14	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-11	367.88	2026-09-11	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-10	366.18	2026-09-10	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-09	378.57	2026-09-09	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-08	375.1	2026-09-08	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-04	360.03	2026-09-04	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-03	367.61	2026-09-03	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-02	363.2	2026-09-02	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-09-01	369.1	2026-09-01	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-31	369.47	2026-08-31	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-28	364.42	2026-08-28	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-27	365.74	2026-08-27	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-26	375.0	2026-08-26	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-25	372.58	2026-08-25	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-24	377.39	2026-08-24	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-21	381.51	2026-08-21	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-20	377.85	2026-08-20	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-19	372.1	2026-08-19	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-18	361.16	2026-08-18	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-17	357.32	2026-08-17	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-14	357.56	2026-08-14	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-13	343.02	2026-08-13	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-12	353.15	2026-08-12	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-11	352.62	2026-08-11	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-10	345.1	2026-08-10	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-07	353.28	2026-08-07	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-06	355.62	2026-08-06	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-05	385.95	2026-08-05	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-04	403.53	2026-08-04	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-08-03	392.66	2026-08-03	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-07-31	400.09	2026-07-31	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-07-30	389.14	2026-07-30	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-07-29	394.14	2026-07-29	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P HORIZON KINETICS ASSET MANAGEMENT LLC 2026-07-28	393.09	2026-07-28	SEC Form 4 (insider transactions data set)	not cross-checked

Buffett Quality

not scored (financial). How this is scored.

not scored (financial).

Lynch GARP

not scored (financial). How this is scored.

not scored (financial).

Graham Enterprising

not scored (financial). How this is scored.

not scored (financial).

Piotroski F-Score

not scored (financial). How this is scored.

not scored (financial).

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FY	Ended	Revenue, $M	Net income, $M	EPS diluted	Dividend	Filing
2018	2018-12-31	300	210		paid	0001811074-21-000013
2019	2019-12-31	490	319	4.5656	paid	0001811074-22-000014
2020	2020-12-31	303	176	2.5222	paid	0001811074-23-000014
2021	2021-12-31	451	270	3.87	paid	0001811074-24-000015
2022	2022-12-31	667	446	6.42	paid	0001811074-25-000044
2023	2023-12-31	632	406	5.86	paid	0001811074-26-000018
2024	2024-12-31	706	454	6.57	paid	0001811074-26-000018
2025	2025-12-31	798	481	6.97	paid	0001811074-26-000018

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

Date	Insider	Role	Type	Shares	Price	Value
2026-09-29	Horizon Kinetics Asset Management Llc	10%	buy	4	340.96	1,364
2026-09-28	Horizon Kinetics Asset Management Llc	10%	buy	1	340.12	340
2026-09-25	Horizon Kinetics Asset Management Llc	10%	buy	1	339.72	340
2026-09-24	Horizon Kinetics Asset Management Llc	10%	buy	1	340.28	340
2026-09-23	Horizon Kinetics Asset Management Llc	10%	buy	1	352.95	353
2026-09-22	Horizon Kinetics Asset Management Llc	10%	buy	1	361.36	361
2026-09-21	Horizon Kinetics Asset Management Llc	10%	buy	1	348.98	349
2026-09-18	Horizon Kinetics Asset Management Llc	10%	buy	1	351.34	351
2026-09-17	Horizon Kinetics Asset Management Llc	10%	buy	1	349.35	349
2026-09-16	Horizon Kinetics Asset Management Llc	10%	buy	1	352.36	352
2026-09-15	Horizon Kinetics Asset Management Llc	10%	buy	1	370.59	371
2026-09-15	Doyle Peter	director	buy	5	371.64	1,858
2026-09-14	Horizon Kinetics Asset Management Llc	10%	buy	1	371.73	372
2026-09-11	Horizon Kinetics Asset Management Llc	10%	buy	1	367.88	368
2026-09-10	Horizon Kinetics Asset Management Llc	10%	buy	1	366.18	366
2026-09-09	Horizon Kinetics Asset Management Llc	10%	buy	1	378.57	379
2026-09-08	Horizon Kinetics Asset Management Llc	10%	buy	1	375.10	375
2026-09-04	Horizon Kinetics Asset Management Llc	10%	buy	1	360.03	360
2026-09-03	Horizon Kinetics Asset Management Llc	10%	buy	1	367.61	368
2026-09-02	Horizon Kinetics Asset Management Llc	10%	buy	1	363.20	363

Filings and links

Third-party sites are linked only; nothing from them is stored here.

SEC: filing index, 8-K, Form 4, XBRL companyfacts
Prices: Yahoo Finance, Stooq
Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/TPL; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Data last checked 2026-10-26.