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Stephanie Buffington, Chief Accounting Officer of Texas Pacific Land Corp (NYSE:TPL), sold 162 shares of common stock on August 29 at a price of $926.50, totaling $150,093. The transaction comes as TPL, currently valued at $21 billion, maintains impressive gross profit margins of 94.5%. According to InvestingPro analysis, the company shows great financial health with strong profitability metrics.
According to a Form 4 filing with the Securities and Exchange Commission, Buffington also surrendered 123 shares on September 1, to cover tax obligations, at a price of $933.48 per share, for a total value of $114,818. On the same date, Buffington exercised 279 Restricted Stock Units (RSUs) that converted into common stock on a one-for-one basis. InvestingPro data shows TPL trading at a P/E ratio of 45.5, with 12+ additional key insights available to subscribers.
Following these transactions, Buffington directly owns 950 shares of Texas Pacific Land Corp. The stock’s current trading price of $909.50 suggests TPL is fairly valued according to InvestingPro’s Fair Value analysis.
In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which fell short of analysts’ expectations. The company announced an earnings per share of $5.05, below the anticipated $5.48, representing a 7.85% negative surprise. Additionally, the revenue came in at $187.54 million, missing the forecasted $204 million by 8.07%. These earnings results reflect a significant shortfall from projections. In other developments, Texas Pacific Land Corporation will dual list its common stock on the newly established NYSE Texas exchange, while retaining its primary listing on the New York Stock Exchange. The company is set to begin trading on NYSE Texas on August 15, 2025, and will join as a Founding Member. Furthermore, board member Eric L. Oliver announced he will not seek reelection at the 2025 annual meeting, although he will continue to serve until then. The company clarified that Mr. Oliver’s decision is not due to any disagreement with the company or its board.
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