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    Will TPL’s NYSE Texas Dual Listing Redefine Its Investor Base or Test Board Stability?

    Simply Wall St·09/21/2025 18:42:04
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    • Texas Pacific Land Corporation announced it would dual list its common stock on the new NYSE Texas exchange from August 15, 2025, while retaining its primary listing on the New York Stock Exchange; the company also disclosed a minor insider stock purchase and the upcoming departure of board member Eric L. Oliver, who will not stand for reelection in 2025 due to personal reasons unconnected to any board disagreement.
    • The decision to dual list is expected to increase the company's market visibility and potentially attract a broader base of investors by providing access to a new regional exchange.
    • We'll assess how the NYSE Texas dual listing could reshape Texas Pacific Land’s appeal to institutional and regional investors.

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    Texas Pacific Land Investment Narrative Recap

    Texas Pacific Land shareholders need to believe in the sustainability of royalty revenue growth and expanding water services, both key earnings engines. The NYSE Texas dual-listing is unlikely to materially affect these immediate catalysts, nor does it diminish significant exposure to fluctuations in Permian Basin production, which remains the company’s main short-term risk.

    Among recent updates, TPL’s Q2 earnings report revealed continued increases in both oil and natural gas production, supporting recurring revenues and margin stability. This operational resilience ties directly to the growth narrative, especially as future cash flows rely on consistent extraction activity across TPL’s acreage.

    By contrast, investors should also be aware that prolonged shifts in Permian Basin operator activity could...

    Read the full narrative on Texas Pacific Land (it's free!)

    Texas Pacific Land's projections call for $895.3 million in revenue and $610.3 million in earnings by 2028. This outlook is based on a 7.2% annual revenue growth rate and reflects a $150.1 million increase in earnings from the current $460.2 million level.

    Uncover how Texas Pacific Land's forecasts yield a $921.93 fair value, a 5% upside to its current price.

    Exploring Other Perspectives

    TPL Community Fair Values as at Sep 2025
    TPL Community Fair Values as at Sep 2025

    Fifteen fair value estimates from the Simply Wall St Community for TPL range widely from US$401.61 to US$1,877.96. While opinions differ, the company’s dependence on robust Permian production is a common thread affecting broad confidence in future earnings stability.

    Explore 15 other fair value estimates on Texas Pacific Land - why the stock might be worth over 2x more than the current price!

    Build Your Own Texas Pacific Land Narrative

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.