"Texas Pacific Land Corporation (NYSE:TPL) has surged 44% year-to-date through February 11. The stock trades at $413.54, up from $287.22 at 2025 year-end. Shares climbed 31.6% over the past month and 17.8% in the last week. Most incredibly, out of 500 stocks in the S&P 500, Texas Pacific Land Corp has the 8th-best returns year-to-date. Meaning, it's outperforming more than 98% of the stocks in the most widely-cited benchmark index."
"The catalyst is TPL's move into digital infrastructure. In late January, the company committed $50 million to a partnership with Bolt Data & Energy, a firm co-founded by former Google CEO Eric Schmidt. The deal positions TPL to develop large-scale data centers on its West Texas land, complete with equity stakes, warrants, and water supply rights. This shifts the company away from its traditional oil and gas royalty model."
"The rally is notable given TPL's recent earnings misses. The company posted $5.27 in earnings per share for Q3 2025 against estimates of $5.69, a 7.4% miss marking the third consecutive quarterly disappointment. Yet the stock has surged, suggesting investors are betting on something bigger. Reports of potential Google data center development on TPL's land added momentum. KeyBanc initiated coverage with an Overweight rating and $1,050 price target, while Texas Capital Securities reiterated its Buy rating with a $390 target."
Texas Pacific Land's stock climbed to $413.54 from $287.22 at 2025 year-end, a 44% year-to-date gain through February 11, with 31.6% growth over the past month and 17.8% in the last week. The company ranks eighth among 500 S&P 500 stocks year-to-date, outperforming over 98% of the index. The rally occurred despite three consecutive quarterly earnings misses, including Q3 2025 EPS of $5.27 versus $5.69 estimates. The company committed $50 million to a partnership with Bolt Data & Energy to develop large-scale data centers on West Texas land with equity stakes, warrants, and water supply rights. Reports of potential Google data center interest and analyst coverage upgrades supported the move. Horizon Kinetics accumulated roughly a 10% stake through 36 purchases between January 2 and February 5, paying $286.30 to $355.41.
Read at 24/7 Wall St.
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