TPL Earnings
Wednesday, May 06 2026
Revenue Estimate
$242M
Current Price
$434.82
Our Position
bullish · highKeyBanc sees 88% upside in TPL as AI landlord
structured data
est. revisions rising
(+7.3pp / 30d)
TPL has flipped from a commodity-dependent royalty play into a structural beneficiary of AI infrastructure buildout. The 88% price target represents Wall Street's growing appetite for real estate exposure to data center expansion—a secular tailwind decoupled from oil price cycles. With earnings already beating and free cash flow supporting a growing dividend, TPL has de-risked the story: the traditional energy business is profitable with depressed commodity prices, and the AI upside is optionality.
Watch: Watch for TPL to announce concrete partnerships on its 900k acres for data centers, power plants, or water infrastructure. Such deals would validate the AI thesis and justify the $659 target. Monitor quarterly revenue growth momentum and whether the stock sustains above $525 or reverts to traditional energy multiples if the data center narrative fails to materialize.
Data Signal Summary
2 bullish
2 bearish
Estimates up +8%
Insider selling cluster
Put/call 0.4 (bullish skew)
Price downtrend
Key Context
Insider Activity
buying
Price Trend
downtrend
From 52w High
-3.3%
P/E Ratio
62.4
Est. Revisions (30d)
+7.6% 1up/0dn
Analyst Target (mean)
$446 $252–$639 +2%
Options P/C Ratio
0.44
Est. Dispersion
1% 2 analysts
Insider Cluster
sell cluster
Recent Activity
insider trades
153 transactions
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C. (Beneficial Owner of more than 10% of a Class of Security)
·1 shares
·$934
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C. (Beneficial Owner of more than 10% of a Class of Security)
·3 shares
·$1,347
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C. (Beneficial Owner of more than 10% of a Class of Security)
·1 shares
·$443
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C. (Beneficial Owner of more than 10% of a Class of Security)
·1 shares
·$443
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C. (Beneficial Owner of more than 10% of a Class of Security)
·1 shares
·$470
148 more
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$494
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·2 shr
·$1,044
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$538
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$535
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$529
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$534
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$527
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$532
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$525
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$525
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$529
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$532
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$523
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$527
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$527
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$526
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$529
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$530
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$524
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$517
Buy
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EPPS DONNA E
·895 shr
·$456,853
Sell
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EPPS DONNA E
·895 shr
·$456,522
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$520
Sell
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BUFFINGTON STEPHANIE
·1,608 shr
·$808,824
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$520
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$504
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$469
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$435
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$426
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$426
Other
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DOBBS MICHEAL W
·1,662 shr
Other
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STEDDUM CHRIS
·2,874 shr
Other
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BUFFINGTON STEPHANIE
·1,119 shr
Other
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GLOVER TYLER
·5,433 shr
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$408
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$388
Award
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DOBBS MICHEAL W
·4,132 shr
Other
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DOBBS MICHEAL W
·819 shr
Award
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STEDDUM CHRIS
·6,393 shr
Other
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STEDDUM CHRIS
·1,269 shr
Other
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BUFFINGTON STEPHANIE
·513 shr
Award
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GLOVER TYLER
·13,327 shr
Other
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GLOVER TYLER
·2,664 shr
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$372
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$342
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$345
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$337
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$346
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$355
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$351
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$340
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$342
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$350
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$346
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$343
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$334
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$328
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$330
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$330
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$323
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$312
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$309
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$292
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$286
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$297
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$295
Award
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·554 shr
Award
·
EPPS DONNA E
·554 shr
Award
·
KURZ KARL F
·554 shr
Award
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BEST RHYS J
·554 shr
Award
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COOK DONALD G
·554 shr
Award
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DUGANIER BARBARA J.
·554 shr
Award
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WOUNG-CHAPMAN MARGUERITE
·554 shr
Award
·
ROOSA ROBERT M.
·554 shr
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$289
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$288
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$294
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$294
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$285
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$295
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$892
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$925
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$897
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$902
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$880
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$822
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$819
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$881
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$877
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$870
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$896
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$914
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$922
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$912
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$876
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$869
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$867
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$867
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$863
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$853
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$880
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$895
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$919
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$899
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$914
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$1,008
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$998
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$1,021
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$996
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·2 shr
·$1,968
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$993
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$944
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$914
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$912
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$933
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$402
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$941
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$912
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$925
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$934
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$949
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$939
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$936
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$939
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$945
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$929
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$935
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$924
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$883
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·2 shr
·$1,786
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$936
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$935
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$964
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$950
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$971
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$967
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$945
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$914
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$948
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$929
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$955
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$897
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$864
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$407
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$415
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$414
Buy
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HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$419
Buy
·
HORIZON KINETICS ASSET MANAGEMENT L.L.C.
·1 shr
·$424
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