Balfour Capital Group has issued a buy recommendation
for Texas Pacific Land Corporation (NYSE: TPL) on March 5th, 2026.

Texas Pacific Land Corporation (“TPL”) is one of the largest private landowners in the State of Texas, holding approximately 882,000 acres of land primarily located in the Permian Basin. The company generates revenue primarily through oil and gas royalties, land management, easements, water services, and infrastructure-related activities associated with energy development. Operating segments include Land and Resource Management and Water Services and Operations. The Land and Resource Management segment focuses on managing the company’s extensive surface acreage and royalty interests tied to oil and gas production. The Water Services and Operations segment provides water sourcing, recycling, disposal, and produced water management services to oil and gas operators across the Permian Basin.