AI boom drives shares of sleepy Texas land firm up 200% [Yahoo! Finance]
Texas Pacific Land Corporation (TPL)
Last texas pacific land corporation earnings: 4/30 04:30 pm
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tpltrust.com
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Source: Yahoo! Finance
1888, the Texas Pacific Land Corporation is a company that has just 100 employees but a market capitalization of more than $35 billion. For comparison, American Airlines , based in nearby Fort Worth, employs over 100,000 people and is worth roughly $10 billion. Texas Pacific Land Corporation, or TPL, began as a land trust but found itself sitting on “black gold” soon after oil was discovered in West Texas during the early 1900s. Recently, the company has begun exploring other ways to make money from its 873,000 acres, an area larger than Yosemite National Park. Betting that the region's dirt-cheap natural gas will be a draw for America's tech giants, TPL is luring renewable power projects, Bitcoin mines , and utility-scale battery production. Then there's the possibility of data centers , which has helped TPL nearly triple its stock price in the past year. It remains to be seen whether the centers will become a fixture of the Permian Basin like oil pumps, but there's no shortage o
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TPL
Earnings
- 8/7/24 - Miss
TPL
Sec Filings
- 12/20/24 - Form 4
- 12/19/24 - Form 4
- 12/18/24 - Form 4
- TPL's page on the SEC website