Texas Pacific Land Corp (TPL) Dual Lists on NYSE Texas

By Greg Peters • Thursday, August 14 15:32 • Permanent Link

Texas Pacific Land Corporation (NYSE: TPL) has announced its dual listing on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. The company will maintain its primary listing on the New York Stock Exchange (NYSE) and will commence trading on NYSE Texas on August 15, 2025, under the same ticker symbol, “TPL.”

As of the latest financial reporting period, Texas Pacific Land Corporation holds approximately 874,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. While the company is not an oil and gas producer, its surface and royalty ownership provide revenue opportunities throughout the life cycle of a well.

Revenue streams for Texas Pacific Land Corporation include fixed fee payments for the use of its land, revenue from sales of materials (caliche) used in the construction of infrastructure, providing sourced water and/or treated produced water, revenue from oil and gas royalty interests, and revenues related to saltwater disposal on its land. Additionally, the company generates revenue from pipeline, power line and utility easements, commercial leases, and temporary permits related to various land uses, including midstream infrastructure projects and hydrocarbon processing facilities.

Texas Pacific Land Corporation's CEO, Tyler Glover, expressed the company's pride in being the longest-listed Texas-headquartered company on the NYSE, and its commitment to maintaining strong business and community ties in Texas. Chris Taylor, Chief Development Officer of NYSE Group, welcomed TPL as an important addition to the Founding Members at NYSE Texas, emphasizing the company's significance in strengthening the local community.

The announcement of the dual listing on NYSE Texas marks a significant development for Texas Pacific Land Corporation as it continues to expand its presence and trading opportunities while maintaining its strong ties to Texas. Following these announcements, the company's shares moved 4.68%, and are now trading at a price of $923.67. For the full picture, make sure to review Texas Pacific Land Corp's 8-K report.

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