TPL
Texas Pacific Land Corporation Energy - Land & Royalties Investor Relations →
Texas Pacific Land Corporation (TPL) closed at $519.41 as of 2026-03-20, trading 92.3% above its 200-week moving average of $270.15. The stock is currently moving closer to the line, down from 98.0% last week. With a 14-week RSI of 92, TPL is in overbought territory.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.06 ratio) is neutral — neither side is clearly dominating.
Over the past 2352 weeks of data, TPL has crossed below its 200-week moving average 25 times. On average, these episodes lasted 29 weeks. Historically, investors who bought TPL at the start of these episodes saw an average one-year return of +30.8%.
With a market cap of $35.8 billion, TPL is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 37.2%, indicating strong profitability. The stock trades at 24.5x book value.
Over the past 33.2 years, a hypothetical investment of $100 in TPL would have grown to $191356, compared to $2683 for the S&P 500. That represents an annualized return of 25.5% vs 10.4% for the index — confirming TPL as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -57.8% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: TPL vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After TPL Crosses Below the Line?
Across 14 historical episodes, buying TPL when it crossed below its 200-week moving average produced an average return of +62.8% after 12 months (median +20.0%), compared to +12.9% for the S&P 500 over the same periods. 79% of those episodes were profitable after one year. After 24 months, the average return was +90.1% vs +22.1% for the index.
Each line shows $100 invested at the moment TPL crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
TPL has crossed below its 200-week MA 25 times with an average 1-year return of +30.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 1981 | Nov 1983 | 138 | 50.1% | -45.6% | +81122.4% |
| Feb 1984 | Mar 1984 | 5 | 2.5% | -7.5% | +109004.8% |
| Apr 1984 | Apr 1984 | 1 | 0.1% | -8.1% | +108196.6% |
| Jan 1985 | Jan 1985 | 1 | 4.7% | N/A | +124857.5% |
| Jul 1985 | Aug 1985 | 1 | 0.1% | -8.0% | +123275.9% |
| Sep 1985 | Nov 1985 | 8 | 2.1% | -3.8% | +124857.5% |
| Jan 1986 | May 1987 | 69 | 18.8% | -10.4% | +127030.7% |
| Sep 1987 | Sep 1987 | 2 | 0.9% | +2.3% | +118953.1% |
| Oct 1987 | Mar 1988 | 24 | 19.1% | +5.8% | +124084.8% |
| Apr 1990 | May 1990 | 1 | 2.5% | -14.4% | +117799.9% |
| Jun 1990 | Apr 1994 | 200 | 36.0% | -18.1% | +118812.0% |
| May 1994 | Jul 1994 | 6 | 5.4% | +10.9% | +165708.7% |
| Dec 1994 | Mar 1995 | 15 | 8.9% | +23.1% | +167876.3% |
| Dec 1999 | Dec 1999 | 1 | 0.4% | -5.9% | +77779.6% |
| Dec 1999 | Jun 2000 | 24 | 10.5% | -6.0% | +78287.8% |
| Jul 2000 | May 2002 | 93 | 16.1% | +1.6% | +78060.3% |
| Jun 2002 | Jun 2002 | 2 | 1.5% | +30.1% | +73945.7% |
| Jul 2002 | Oct 2002 | 15 | 7.3% | +25.2% | +75683.4% |
| Mar 2008 | Mar 2008 | 1 | 0.1% | -42.4% | +16298.5% |
| Oct 2008 | Sep 2010 | 103 | 50.9% | +30.0% | +22923.9% |
| Jan 2011 | Jan 2011 | 1 | 0.4% | +20.7% | +15091.8% |
| Mar 2020 | Apr 2020 | 4 | 30.1% | +234.6% | +1056.1% |
| Apr 2020 | May 2020 | 2 | 2.7% | +200.3% | +912.6% |
| Jul 2020 | Aug 2020 | 1 | 1.4% | +185.4% | +847.7% |
| Aug 2020 | Nov 2020 | 12 | 18.9% | +171.3% | +850.2% |
| Average | 29 | — | +30.8% | — |
Frequently Asked Questions
Is TPL below its 200-week moving average?
No. Texas Pacific Land Corporation (TPL) is currently 92.3% above its 200-week moving average of $270.15. It would need to fall to $270.15 to cross below the line.
What is TPL's 200-week moving average price?
Texas Pacific Land Corporation's 200-week moving average is $270.15 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when TPL drops below its 200-week moving average?
TPL has crossed below its 200-week moving average 25 times in our data. On average, buying at that moment produced a one-year return of +30.8%. These dips have historically been decent entry points. These episodes lasted 29 weeks on average.
Is TPL a good value right now?
Here's what our data says about TPL as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 92 (overbought). Free cash flow is currently negative. Return on equity is 37.2%. Price-to-book is 24.5x. This is not a buy or sell recommendation — always do your own research.
How does TPL compare to the S&P 500?
Over the past 33.2 years, $100 invested in TPL would have grown to $191356, compared to $2683 for the S&P 500. That's 25.5% annualized vs 10.4% for the index. TPL has outperformed the broader market over this period.
Does TPL pay a dividend?
Yes. Texas Pacific Land Corporation currently pays a dividend yield of 46.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20