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Rather than drilling for oil and gas itself, the company operates a different kind of model. It earns from the activity happening on its land. Its revenue streams are tied to the full life cycle of energy development. These include fixed fees for land usage, income from selling materials like caliche for infrastructure projects, and services such as sourcing and treating water. It also benefits from oil and gas royalties, along with fees from saltwater disposal operations.Companies with market capitalizations of $10 billion or more are generally classified as “large-cap stocks,” and Texas Pacific Land easily clears that bar. With a valuation of roughly $36.4 billion, the oil and gas giant stands firmly in large-cap territory, underscoring its scale and established presence within the energy space. Beyond energy production, the company monetizes its land through pipeline and power line easements, commercial leases, and temporary permits. Stock Index Futures Rally as Oil Prices Tumble on U.S.-Iran TalksUnusual Options Activity Flares in META and SMCI Stock: What to Watch NextAmazon Is Planning a Smartphone Launch. Should You Buy AMZN Stock First?Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!These arrangements support a wide range of uses, from midstream infrastructure to hydrocarbon processing, creating a steady, diversified flow of income without directly taking on drilling risk. The company’s stock has been on a powerful run lately. After climbing to a 52-week high of $547.20 just last month, it’s barely pulled back, sitting only about 3.5% below that peak. Over the past three months alone, shares are up a remarkable 77.5%, outshining the iShares U.S. Oil & Gas Exploration & Production ETF’s (IEO) solid 35.7% during the same time frame.www.barchart.comThe longer-term performance remains solid, though it slightly lags the broader industry benchmark. Over the past year, the stock has gained nearly 24.4%, reflecting steady strength. However, it falls just short of the iShares U.S. Oil & Gas Exploration & Production ETF, which delivered a slightly stronger return of 29.9% over the same period. The stock has been trading firmly above both its 50-day and 200-day moving averages since late January, a strong technical signal that the uptrend remains intact.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersAMD Advanced Micro Devices, Inc. 219.90 +14.53 (+7.08%)BTC-USD Bitcoin USD 70,769.70 +1,328.45 (+1.91%)DKNG DraftKings Inc. 21.46 -1.85 (-7.96%)INTC Intel Corporation 46.96 +2.90 (+6.58%)SRPT Sarepta Therapeutics, Inc. 22.95 +5.34 (+30.32%)PortfolioSign in to access your portfolioSign inTop gainersSRPT Sarepta Therapeutics, Inc. 22.95 +5.34 (+30.32%)CORT Corcept Therapeutics Incorporated 41.70 +7.88 (+23.30%)BRZE Braze, Inc. 21.31 +3.29 (+18.26%)ARM Arm Holdings plc 157.70 +22.74 (+16.85%)FLY Firefly Aerospace Inc. 27.29 +3.56 (+15.00%)Top losersADMA ADMA Biologics, Inc. 9.57 -1.76 (-15.53%)DAVE Dave Inc. 181.47 -24.93 (-12.08%)ONON On Holding AG 35.02 -4.57 (-11.54%)FUBO FuboTV Inc. 10.94 -1.08 (-8.99%)SEZL Sezzle Inc. 67.89 -6.71 (-8.99%)Most activeNVDA NVIDIA Corporation 177.92 +2.71 (+1.55%)INTC Intel Corporation 46.99 +2.92 (+6.64%)ONDS Ondas Inc. 10.36 -0.33 (-3.04%)TERN Terns Pharmaceuticals, Inc. 52.92 +2.92 (+5.83%)SMCI Super Micro Computer, Inc. 23.71 +1.48 (+6.66%)Top economic eventsEarnings eventsMy earnings eventsEarnings events