Texas Pacific Land announces dual listing on NYSE Texas exchange

DALLAS - Texas Pacific Land Corporation (NYSE:TPL), a $20.28 billion market cap company, announced Thursday it will dual list its common stock on NYSE Texas, a new fully electronic equities exchange headquartered in Dallas, while maintaining its primary listing on the New York Stock Exchange.

TPL will begin trading on NYSE Texas on August 15, 2025, using the same ticker symbol it currently uses on the NYSE. The company is joining NYSE Texas as a Founding Member.

"With the entirety of our employees and virtually all our assets located in Texas, we maintain strong business and community ties here," said Tyler Glover, CEO of TPL, in a press release statement.

Texas Pacific Land Corporation is one of the largest landowners in Texas with approximately 874,000 acres in West Texas, primarily concentrated in the Permian Basin. The company generates revenue through various land-based activities including fixed fee payments for land use, material sales for infrastructure construction, water provision, oil and gas royalties, and saltwater disposal. According to InvestingPro, TPL maintains impressive gross profit margins of 94.53% and has consistently paid dividends for 12 consecutive years, demonstrating strong operational efficiency.

Chris Taylor, Chief Development Officer of NYSE Group, noted that TPL has been listed on the NYSE for more than 130 years, making it the longest-listed Texas-headquartered company on the exchange.

NYSE Texas is a newly launched exchange that will serve as an additional trading venue for TPL’s shares while the company maintains its primary NYSE listing. Despite a recent 35.54% decline over the past six months, InvestingPro analysis indicates the stock is currently overvalued, with 12 additional exclusive ProTips available for subscribers seeking deeper insights into TPL’s financial health and growth prospects.

In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which fell short of market expectations. The company’s earnings per share (EPS) were reported at $5.05, missing the projected $5.48, resulting in a 7.85% negative surprise. Additionally, the company’s revenue came in at $187.54 million, falling short of the expected $204 million, marking an 8.07% shortfall. These results indicate a significant deviation from analysts’ forecasts. The earnings miss reflects challenges the company faced during the quarter. Despite these results, Texas Pacific Land continues to be a subject of interest for investors and analysts.

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