Texas Pacific Land Corp
TPLEnergy·Oil & Gas E&P·USA·Large·NYSE·Nov 11 • 2:48 PM ET
280.57+5.94 (2.16%)
2026-11-11 20:49 CET
Market cap
18,942.52 USD m
Revenue, TTM
967.85 USD m
Net income, TTM
587.55 USD m
Free cash flow, TTM
564.03 USD m
EPS diluted, TTM
8.51
P/E
32.96
Price
TPL against its 20, 50 and 200-day averages2050200earnings
48.7% under the 52-week high of 547.20 on 23 Feb 2026. 52-week low 265.31 on 6 Nov 2026. Last 15 sessions, 30.4% high to low
Profile
TPL52-week range, 5% of the way up
265.31547.2
Texas Pacific Land Corp. operates as a landowner in the State of Texas. Its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of the firm's land, revenue for sales of materials used in the construction of infrastructure, providing sourced water and treated produced water, revenue from its oil and gas royalty interests, and revenues related to saltwater disposal on land. The firm also generates revenue from pipeline, power line and utility easements, commercial leases, material sales and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities. It operates through the Land and Resource Management and Water Services and Operations segment. The Land and Resource Management segment focuses on managing oil and gas royalty interest and surface. The Water Services and Operations segment refers to the full-service water offerings to operators in the Permian Basin through Texas Pacific Water Resources LLC, a single member Texas limited liability company owned by the company. The company was founded in 1871 and is headquartered in Dallas, TX.
| Index | S&P 500, RUI |
|---|---|
| Employees | 114 |
| IPO | Jan 01, 1927 |
| Beta | 0.60 |
| ATR, 14d | 15.38 |
| Rel volume | 0.71 |
| Short float | 6.19% |
| Insider own | 0.41% |
| Inst own | 76.56% |
Snapshot
6 groupsValuation
| Index | S&P 500, RUI |
|---|---|
| Market Cap | 19.35B |
| Enterprise Value | 19.00B |
| Income | 587.55M |
| Sales | 967.85M |
| Book/sh | 26.13 |
| Cash/sh | 5.36 |
| Dividend Est. | 2.40 (0.86%) |
| Dividend TTM | 2.33 (0.83%) |
| Dividend Ex-Date | Dec 01, 2026 |
| Dividend Gr. 3/5Y | 17.00% 13.92% |
| Payout | 30.59% |
| Employees | 114 |
| IPO | Jan 01, 1927 |
Ratios
| P/E | 32.96 |
|---|---|
| Forward P/E | 27.48 |
| PEG | - |
| P/S | 20.00 |
| P/B | 10.74 |
| P/C | 52.37 |
| P/FCF | 34.31 |
| EV/EBITDA | 23.55 |
| EV/Sales | 19.63 |
| Quick Ratio | 5.41 |
| Current Ratio | 5.41 |
| Debt/Eq | 0.01 |
| LT Debt/Eq | 0.01 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | 8.51 |
|---|---|
| EPS next Y | 10.21 |
| EPS next Q | 2.54 |
| EPS this Y | 31.97% |
| EPS next Y | 11.01% |
| EPS next 5Y | - |
| EPS past 3/5Y | 2.80% 22.56% |
| Sales past 3/5Y | 6.15% 21.41% |
| EPS Y/Y TTM | 23.30% |
| Sales Y/Y TTM | 25.30% |
| EPS Q/Q | 38.04% |
| Sales Q/Q | 34.62% |
| Earnings | Nov 04 AMC |
| EPS/Sales Surpr. | 4.01% 8.92% |
Ownership
| Insider Own | 0.41% |
|---|---|
| Insider Trans | -1.36% |
| Inst Own | 76.56% |
| Inst Trans | 0.07% |
| ROA | 33.45% |
| ROE | 37.07% |
| ROIC | 32.33% |
| Gross Margin | 86.30% |
| Oper. Margin | 75.55% |
| Profit Margin | 60.71% |
| SMA20 | -12.09% |
| SMA50 | -17.56% |
| SMA200 | -29.81% |
| Trades | - |
Technical
| Shs Outstand | 68.97M |
|---|---|
| Shs Float | 68.69M |
| Short Float | 6.19% |
| Short Ratio | 11.01 |
| Short Interest | 4.25M |
| 52W High | 547.20 -48.73% |
| 52W Low | 265.31 5.75% |
| Volatility | 10.20% 4.75% |
| ATR (14) | 15.38 |
| RSI (14) | 30.00 |
| Beta | 0.60 |
| Rel Volume | 0.71 |
| Avg Volume | 385.73K |
| Volume | 226,193 |
Performance
| Perf Week | -2.46% |
|---|---|
| Perf Month | -23.99% |
| Perf Quarter | -19.15% |
| Perf Half Y | -27.41% |
| Perf YTD | -2.31% |
| Perf Year | -14.91% |
| Perf 3Y | 56.00% |
| Perf 5Y | 93.34% |
| Perf 10Y | 847.48% |
| Recom | 2.00 |
| Target Price | 446.33 |
| Prev Close | 274.63 |
| Price | 280.57 |
| Change % | 2.16% |
Analyst ratings
latest 5 of 5| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Dec 02, 2025 | Initiated | KKeyBanc Capital Markets | Overweight | $1050 | +274.2% |
| Sep 29, 2021 | Initiated | CCredit Suisse | Underperform | $800 | +185.1% |
| Apr 01, 2021 | Downgrade | SStifel | Buy → Hold | $1359 | +384.4% |
| Jan 12, 2021 | Initiated | BBWS Financial | Buy | $1150 | +309.9% |
| Jan 09, 2020 | Initiated | SStifel | Buy | $937 | +234.0% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| LB | LandBridge Corp | 5.52B |
| EROK | EagleRock Land LLC | 2.87B |
| VNOM | Viper Energy Inc | 14.89B |
| BSM | Black Stone Minerals LP | 2.97B |
| KRP | Kimbell Royalty Partners LP | 2.18B |
| DMLP | Dorchester Minerals LP | 1.41B |
| FANG | Diamondback Energy Inc | 50.33B |
| WBI | WaterBridge Infrastructure LLC | 3.43B |
| PBT | Permian Basin Royalty Trust | 1.43B |
| SBR | Sabine Royalty Trust | 938.83M |
Insider trading
latest 14 of 100| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 29 '26 | Buy | 340.96 | 4 | 1,364 | 3,364,203 | Oct 01 03:34 PM |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 28 '26 | Buy | 340.12 | 1 | 340 | 3,390,856 | Sep 29 01:36 PM |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 25 '26 | Buy | 339.72 | 1 | 340 | 3,390,855 | Sep 29 09:28 AM |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 24 '26 | Buy | 340.28 | 1 | 340 | 3,390,854 | Sep 25 11:29 AM |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 23 '26 | Buy | 352.95 | 1 | 353 | 3,390,853 | Sep 24 10:57 AM |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 22 '26 | Buy | 361.36 | 1 | 361 | 3,390,852 | Sep 23 11:41 AM |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 21 '26 | Buy | 348.98 | 1 | 349 | 3,390,851 | Sep 22 09:45 AM |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 18 '26 | Buy | 351.34 | 1 | 351 | 3,390,850 | Sep 21 12:56 PM |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 17 '26 | Buy | 349.35 | 1 | 349 | 3,390,849 | Sep 18 11:50 AM |
| DOYLE PETER | Director | Sep 15 '26 | Buy | 371.64 | 5 | 1,858 | 146,941 | Sep 17 04:22 PM |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 16 '26 | Buy | 352.36 | 1 | 352 | 3,390,848 | Sep 17 10:43 AM |
| Horizon Kinetics Asset Managem | 10% Owner | Sep 17 '26 | Proposed Sale | 299.52 | 250 | 74,880 | Sep 17 09:02 AM | |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 15 '26 | Buy | 370.59 | 1 | 371 | 3,390,847 | Sep 16 03:40 PM |
| HORIZON KINETICS ASSET MANAGEM | 10% Owner | Sep 14 '26 | Buy | 371.73 | 1 | 372 | 3,390,846 | Sep 15 01:58 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| VOO | Vanguard S&P 500 ETF | AUM: 1054.75B |
| XLE | State Street Energy Select Sector SPDR ETF | AUM: 40.93B |
| VB | Vanguard Morningstar Small-Cap ETF | AUM: 79.59B |
| VO | Vanguard Morningstar Mid-Cap ETF | AUM: 107.07B |
| IVV | iShares Core S&P 500 ETF | AUM: 871.38B |
| VUG | Vanguard Morningstar Growth ETF | AUM: 217.67B |
| SPY | SPDR S&P 500 ETF Trust | AUM: 793.23B |
| RSP | Invesco S&P 500 Equal Weight ETF | AUM: 104.94B |
| VBK | Vanguard Morningstar Small-Cap Growth ETF | AUM: 22.34B |
News
latest 14 of 200- Texas Pacific Land Beats On Record Royalties, But Stalled Data Center Deals Overshadow The Quarter (Earnings Whispers) -5.38%
- Texas Pacific: Q3 Earnings Snapshot (Associated Press) -13.36%
- Texas Pacific Land Corporation Announces Third Quarter Results (Business Wire)
- 4 Energy Stocks for Midterm Elections That Could Go Either Way (Oilprice.com)
- Texas Pacific Land Faces Its Data Center Credibility Test As Shares Sink Toward Lows (Earnings Whispers)
- Five Shale Stocks to Watch Before Third-Quarter Earnings (Oilprice.com)
- Texas Pacific Land Corporation Sets Dates for Third Quarter 2026 Earnings Release and Conference Call (Business Wire)
- Murray Stahl's Top Q2 2026 Move: Miami International Holdings Inc at a 1.85% Portfolio Impact (GuruFocus.com) -6.08%
- Permian Basin Landowners Pivot to Data Centers Amid AI Boom (CRE Daily)
- Data-Center Backlash Leads to a New Land Rush in the Texas Oil Patch (The Wall Street Journal)
- Texas Pacific Land Corp (TPL) (Q2 2026) Earnings Call Highlights: Record Revenue and Strategic ... (GuruFocus.com) -6.87%
- Texas Pacific: Q2 Earnings Snapshot (Associated Press)
- Texas Pacific Land Corporation Announces Second Quarter Results (Business Wire)
- Texas Pacific Land Corporation Sets Dates for Second Quarter 2026 Earnings Release and Conference Call (Business Wire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-04 | 2.420 | 2.327 | 1.657 | 273.39 | 251 | 2 |
| 2026Q2 | 2026-08-05 | 2.230 | 2.183 | 2.230 | 246.06 | 249.5 | 2 |
| 2026Q1 | 2026-05-06 | 2.070 | 2.020 | 2.071 | 236.82 | 233 | 2 |
| 2025Q4 | 2026-02-18 | 1.790 | 1.792 | 1.787 | 211.58 | 207.5 | 2 |
| 2025Q3 | 2025-11-05 | 1.757 | 1.924 | 1.756 | 203.09 | 175 | 1 |
| 2025Q2 | 2025-08-06 | 1.683 | - | 1.682 | 187.54 | 198 | - |
| 2025Q1 | 2025-05-07 | - | - | 1.748 | 195.98 | - | - |
| 2024Q4 | 2025-02-19 | - | - | 1.714 | 185.78 | - | - |
| 2024Q3 | 2024-11-06 | - | - | 1.544 | 173.56 | - | - |
| 2024Q2 | 2024-08-07 | - | - | 1.660 | 172.33 | - | - |
| 2024Q1 | 2024-05-08 | - | - | 1.657 | 174.14 | - | - |
| 2023Q4 | 2024-02-21 | - | - | 1.637 | 166.66 | - | - |
| 2023Q3 | 2023-11-01 | - | - | 1.527 | 157.97 | - | - |
| 2023Q2 | 2023-08-02 | - | - | 1.450 | 160.61 | - | - |
| 2023Q1 | 2023-05-03 | - | - | 1.249 | 146.36 | - | - |
| 2022Q4 | 2023-02-22 | - | - | 1.438 | 152.71 | - | - |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2019FY | 4.598 | 3.217 | 4.566 | 490.5 | 363 |
| 2020FY | 2.522 | 2.385 | 2.522 | 302.55 | 289.92 |
| 2021FY | 3.870 | 4.001 | 3.870 | 450.96 | 433.09 |
| 2022FY | 6.419 | 6.646 | 6.419 | 667.42 | 686.07 |
| 2023FY | 5.863 | 5.703 | 5.864 | 631.6 | 617.66 |
| 2024FY | 6.573 | 6.557 | 6.574 | 705.82 | 705 |
| 2025FY | 6.970 | 6.981 | - | 798.19 | 794 |
| 2026FY | - | 9.198 | - | - | 1,016 |
| 2027FY | - | 10.211 | - | - | 1,167 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-05 | 2 | 1 | 1 | 282 | 281 | 283 |
| 2026Q4 | S | 2026-11-04 | 2 | 1 | 1 | 282 | 281 | 283 |
| 2026Q4 | S | 2026-10-14 | 2 | 1 | 1 | 282 | 281 | 283 |
| 2026Q4 | S | 2026-10-13 | 2 | 0 | 1 | 269.5 | 258 | 281 |
| 2026Q4 | S | 2026-09-14 | 2 | 1 | 0 | 272 | 258 | 286 |
| 2026Q4 | S | 2026-09-01 | 2 | 1 | 0 | 263 | 258 | 268 |
| 2026Q4 | S | 2026-08-19 | 2 | 1 | 1 | 263 | 258 | 268 |
| 2026Q4 | S | 2026-08-06 | 2 | 0 | 1 | 259.5 | 258 | 261 |
| 2026Q4 | S | 2026-07-25 | 2 | 0 | 1 | 259.5 | 258 | 261 |
| 2026Q4 | S | 2026-07-15 | 2 | 0 | 2 | 259.5 | 258 | 261 |
| 2026Q4 | S | 2026-07-10 | 2 | 0 | 2 | 259 | 257 | 261 |
| 2026Q4 | S | 2026-06-18 | 2 | 0 | 2 | 260 | 257 | 263 |
| 2026Q4 | S | 2026-06-03 | 2 | 1 | 1 | 269 | 263 | 275 |
| 2026Q4 | S | 2026-05-15 | 2 | 1 | 1 | 268 | 261 | 275 |
Estimate history
| EPS, annual | 1.375 | 2.993 | 4.566 | 2.522 | 3.87 | 6.419 | 5.864 | 6.574 | 6.974 | 8.5119 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| EPS, quarterly | 1.544 | 1.714 | 1.748 | 1.682 | 1.756 | 1.787 | 2.071 | 2.23 | 2.424 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Sales, annual | 154.634 | 300.22 | 490.496 | 302.564 | 450.958 | 667.422 | 631.595 | 705.823 | 798.19 | 967.85 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| Sales, quarterly | 173.563 | 185.784 | 195.983 | 187.543 | 203.085 | 211.579 | 236.818 | 246.059 | 273.39 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Shares, annual | 70.395 | 69.862 | 69.806 | 69.806 | 69.702 | 69.261 | 69.023 | 68.915 | 68.938 | 68.975 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ |
| Shares, quarterly | 68.931 | 68.915 | 68.962 | 68.962 | 68.938 | 68.938 | 68.974 | 68.975 | 68.975 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 967.85 | 798.19 | 705.82 | 631.60 | 667.42 | 450.96 | 302.56 | 490.50 | 300.22 |
| Total Expenses | 236.67 | 206.03 | 166.69 | 145.54 | 105.11 | 88.56 | 85.30 | 90.92 | 39.39 |
| Operating Income | 731.17 | 592.16 | 539.14 | 486.05 | 562.31 | 362.39 | 217.26 | 399.57 | 260.83 |
| Unusual Expense | 0.00 | 0.00 | -1.90 | 0.00 | 0.00 | 0.00 | 0.00 | - | - |
| Net Income Before Taxes | 739.42 | 610.33 | 578.82 | 517.56 | 568.86 | 363.02 | 219.66 | 402.25 | 261.75 |
| Income Taxes | 151.87 | 128.95 | 124.86 | 111.92 | 122.49 | 93.04 | 43.61 | 83.53 | 52.01 |
| Consolidated Net Income | 587.55 | 481.38 | 453.96 | 405.64 | 446.36 | 269.98 | 176.05 | 318.73 | 209.74 |
| Net Income From Continuing Operations | 587.55 | 481.38 | 453.96 | 405.64 | 446.36 | 269.98 | 176.05 | 318.73 | 209.74 |
| Net Income | 587.55 | 481.38 | 453.96 | 405.64 | 446.36 | 269.98 | 176.05 | 318.73 | 209.74 |
| EPS (Recurring) | 8.51 | 6.97 | 6.55 | 5.86 | 6.42 | 3.87 | 2.52 | 4.57 | 2.99 |
| EPS (Basic, Before Extraordinaries) | 8.52 | 6.98 | 6.58 | 5.87 | 6.42 | 3.87 | 2.52 | 4.57 | 2.99 |
| EPS (Diluted) | 8.51 | 6.97 | 6.57 | 5.86 | 6.42 | 3.87 | 2.52 | 4.57 | 2.99 |
| Non-Operating Income (Expense) | 11.88 | 18.86 | 37.78 | 31.51 | 6.55 | 0.62 | 2.40 | 2.68 | 0.92 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 13.68 | 11.93 | 9.90 | 8.14 | 6.63 | - | - | - | - |
| Price To Earnings Ratio | 32.26 | 32.26 | 56.07 | 30.42 | 42.02 | 34.95 | 31.22 | 18.24 | 19.32 |
| Price To Sales Ratio | 23.24 | 24.84 | 36.07 | 19.14 | 27.14 | 21.47 | 18.64 | 12.35 | 14.05 |
| Gross Margin | 86.30 | 85.46 | 89.90 | 92.35 | 95.07 | 93.46 | 89.23 | 93.94 | 95.42 |
| Operating Margin | 75.55 | 74.19 | 76.38 | 76.96 | 84.25 | 80.36 | 71.81 | 81.46 | 86.88 |
| Net Margin | 60.71 | 60.31 | 64.32 | 64.23 | 66.88 | 59.87 | 58.19 | 64.98 | 69.86 |
| Shares Outstanding | 68.97 | 68.94 | 68.92 | 69.02 | 69.26 | 69.70 | 69.81 | 69.81 | 69.86 |
| Market Capitalization | 18,942.52 | 18,942.52 | 25,405.92 | 11,905.76 | 17,825.23 | 9,426.96 | 5,495.80 | 5,851.65 | 4,036.54 |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 273.39 | 246.06 | 236.82 | 211.58 | 203.09 | 187.54 | 195.98 | 185.78 |
| Total Expenses | 65.61 | 54.24 | 54.49 | 62.33 | 53.99 | 43.79 | 45.91 | 43.24 |
| Operating Income | 207.78 | 191.82 | 182.33 | 149.25 | 149.09 | 143.75 | 150.07 | 142.54 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | 210.39 | 193.70 | 183.56 | 151.76 | 155.18 | 148.99 | 154.39 | 150.98 |
| Income Taxes | 43.02 | 39.77 | 40.66 | 28.42 | 33.94 | 32.85 | 33.74 | 32.62 |
| Consolidated Net Income | 167.37 | 153.93 | 142.90 | 123.35 | 121.24 | 116.14 | 120.65 | 118.36 |
| Net Income From Continuing Operations | 167.37 | 153.93 | 142.90 | 123.35 | 121.24 | 116.14 | 120.65 | 118.36 |
| Net Income | 167.37 | 153.93 | 142.90 | 123.35 | 121.24 | 116.14 | 120.65 | 118.36 |
| EPS (Recurring) | 2.42 | 2.23 | 2.07 | 1.79 | 1.76 | 1.68 | 1.75 | 1.71 |
| EPS (Basic, Before Extraordinaries) | 2.43 | 2.23 | 2.07 | 1.79 | 1.76 | 1.68 | 1.75 | 1.72 |
| EPS (Diluted) | 2.42 | 2.23 | 2.07 | 1.79 | 1.76 | 1.68 | 1.75 | 1.71 |
| Non-Operating Income (Expense) | 3.59 | 2.85 | 2.23 | 3.21 | 6.09 | 5.24 | 4.32 | 8.43 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 3.27 | 3.49 | 3.96 | 2.96 | 2.79 | 2.79 | 3.50 | 2.81 |
| Price To Earnings Ratio | 32.26 | 59.98 | 68.05 | 41.62 | 45.10 | 53.43 | 67.24 | 56.07 |
| Price To Sales Ratio | 23.24 | 33.66 | 39.03 | 24.84 | 27.81 | 32.73 | 41.89 | 36.06 |
| Gross Margin | 86.59 | 88.54 | 88.04 | 81.35 | 84.54 | 88.19 | 88.23 | 89.02 |
| Operating Margin | 76.00 | 77.96 | 76.99 | 70.54 | 73.41 | 76.65 | 76.57 | 76.73 |
| Net Margin | 61.22 | 62.56 | 60.34 | 58.30 | 59.70 | 61.93 | 61.56 | 63.71 |
| Shares Outstanding | 68.97 | 68.97 | 68.97 | 68.94 | 68.94 | 68.96 | 68.96 | 68.92 |
| Market Capitalization | 18,942.52 | 30,185.96 | 32,716.93 | 19,800.43 | 21,454.52 | 24,644.50 | 30,910.55 | 25,405.92 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY | 2017FY |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 145.40 | 371.38 | 730.55 | 517.18 | 428.24 | 283.02 | 303.64 | 119.65 | 79.58 |
| Short Term Receivables | 164.91 | 126.67 | 128.97 | 103.98 | 95.22 | 48.22 | 62.99 | 48.75 | 17.77 |
| Investment Securities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Securities In Custody | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1,069.15 | 575.58 | 176.63 | 154.73 | 153.46 | 154.18 | 136.13 | 34.80 | 1.11 |
| Investment in Unconsolidated Affiliates | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Property, Plant & Equipment | 178.22 | 123.74 | 91.45 | 88.00 | 81.55 | 81.74 | 91.42 | 64.80 | 19.52 |
| Deferred Tax Assets | 15.80 | 9.09 | 9.57 | 6.92 | 5.20 | 6.08 | 3.74 | 2.88 | 1.80 |
| Other Intangible Assets | 65.59 | 50.65 | 28.80 | 13.53 | 5.60 | 4.47 | 3.98 | 17.08 | 2.05 |
| Total Assets | 1,639.07 | 1,257.11 | 1,165.97 | 884.35 | 769.27 | 577.72 | 601.92 | 287.95 | 121.83 |
| Total Debt | 16.18 | 0.45 | 1.17 | 1.96 | 1.45 | 2.03 | 3.37 | 0.00 | 0.00 |
| Long Term Debt | 16.18 | 0.45 | 1.17 | 1.96 | 1.45 | 2.03 | 2.67 | 0.00 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 69.90 | 56.49 | 51.94 | 48.08 | 44.15 | 44.81 | 44.57 | 17.78 | 1.91 |
| Other Liabilities | 94.09 | 67.70 | 69.67 | 61.43 | 71.96 | 45.70 | 41.84 | 25.48 | 14.82 |
| Total Liabilities | 180.17 | 124.64 | 122.78 | 111.47 | 117.56 | 92.54 | 89.78 | 43.26 | 16.73 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 1,458.91 | 1,132.46 | 1,043.20 | 772.89 | 651.71 | 485.18 | 512.14 | 244.69 | 105.10 |
| Total Shareholders Equity | 1,458.91 | 1,132.46 | 1,043.20 | 772.89 | 651.71 | 485.18 | 512.14 | 244.69 | 105.10 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 1,458.91 | 1,132.46 | 1,043.20 | 772.89 | 651.71 | 485.18 | 512.14 | 244.69 | 105.10 |
| Total Liabilities & Stockholders Equity | 1,639.07 | 1,257.11 | 1,165.97 | 884.35 | 769.27 | 577.72 | 601.92 | 287.95 | 121.83 |
| Book Value Per Share | 21.16 | 16.43 | 15.11 | 11.16 | 9.35 | 6.95 | 7.34 | 3.50 | 1.49 |
| Tangible Book Value Per Share | 20.69 | 15.92 | 14.81 | 11.16 | 9.35 | 6.95 | 7.34 | 3.50 | 1.49 |
| Full-Time Employees | 114 | 111 | 100 | 99 | 92 | 102 | 94 | 71 | 32 |
| Price to Book Ratio | 10.51 | 22.43 | 12.34 | 24.72 | 14.46 | 11.33 | 11.43 | 16.50 | 49.27 |
| Return on Assets | 33.24 | 37.47 | 39.57 | 53.99 | 40.09 | 29.85 | 71.63 | 100.51 | 105.37 |
| Return on Equity | 37.15 | 41.73 | 44.67 | 62.66 | 47.49 | 35.30 | 84.23 | 129.51 | 127.33 |
| Return on Invested Capital | 32.63 | 40.07 | 38.84 | 57.61 | 41.33 | 36.13 | 61.91 | 85.71 | 92.51 |
| Quick Ratio | 4.40 | 10.81 | 19.43 | 16.00 | 10.34 | 15.56 | 8.62 | 6.98 | 6.65 |
| Current Ratio | 4.40 | 10.81 | 19.43 | 16.00 | 10.34 | 15.56 | 8.62 | 6.98 | 6.65 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Funds from Operations | 651.69 | 560.74 | 491.61 | 432.14 | 471.43 | 286.49 | 186.93 | 331.56 | 227.11 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -15.82 | -19.90 | -0.94 | -13.86 | -24.28 | -21.32 | 20.11 | 11.23 | -35.46 |
| Income Taxes Payable | 26.28 | -0.38 | -0.41 | 1.63 | -25.92 | 25.03 | -1.22 | 3.66 | 0.76 |
| Cash from Operating Activities | 635.87 | 540.84 | 490.67 | 418.29 | 447.15 | 265.16 | 207.04 | 342.79 | 191.65 |
| Capital Expenditures | -71.84 | -59.53 | -29.70 | -36.43 | -19.21 | -15.55 | -5.09 | -32.21 | -47.88 |
| Net Assets From Acquisitions | -454.24 | -454.24 | -440.58 | -3.57 | -1.66 | 0.00 | -16.95 | -5.02 | -24.30 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.01 | 0.11 | 1.09 | 0.00 | 0.12 | 0.03 |
| Purchase or Sale of Investments | -169.19 | -85.95 | -1.48 | -20.32 | -0.63 | -0.54 | -3.97 | -74.58 | -9.38 |
| Purchase of Investments | -169.19 | -85.95 | -1.48 | -20.32 | -0.63 | -0.54 | -3.97 | -74.58 | -9.38 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | -3.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 3.88 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -698.78 | -595.85 | -471.75 | -60.31 | -21.40 | -15.00 | -26.00 | -111.69 | -81.53 |
| Cash Dividends Paid | -161.34 | -147.80 | -347.31 | -99.97 | -247.28 | -85.26 | -201.66 | -46.55 | -31.65 |
| Change in Capital Stock | 0.00 | -8.38 | -29.16 | -42.57 | -87.77 | -19.68 | 0.00 | -4.35 | -38.40 |
| Repurchase of Common Pref Stock | 0.00 | -8.38 | -29.16 | -42.57 | -87.77 | -19.68 | 0.00 | -4.35 | -38.40 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | - | - | - | - | - | - | - | - | 0.00 |
| Reduction of Long Term Debt | - | - | - | - | - | - | - | - | 0.00 |
| Net Financing Active Other Cash Flow | -9.11 | -14.79 | -1.62 | -2.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | -9.11 | -14.79 | -1.62 | -2.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | -170.45 | -170.97 | -378.09 | -144.61 | -336.81 | -104.95 | -201.66 | -50.90 | -70.05 |
| Net Change in Cash | -233.36 | -225.98 | -359.17 | 213.37 | 88.94 | 145.22 | -20.62 | 180.20 | 40.07 |
| Free Cash Flow | 564.03 | 481.31 | 460.98 | 403.26 | 427.94 | 249.62 | 201.95 | 310.58 | 143.77 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Price to Free Cash Flow | 55.86 | 59.45 | 223.98 | 39.85 | 100.26 | 58.91 | 19,377.06 | 22.95 | 37.62 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 369.56 | 248.61 | 249.21 | 145.40 | 602.92 | 543.93 |
| Short Term Receivables | 190.31 | 195.15 | 201.04 | 164.91 | 127.79 | 114.31 |
| Investments | 1,155.23 | 1,159.66 | 1,060.58 | 1,069.15 | 585.05 | 563.73 |
| Investment in Unconsolidated Affiliates | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Property, Plant & Equipment | 204.65 | 196.01 | 180.16 | 178.22 | 151.57 | 127.95 |
| Deferred Tax Assets | - | - | - | 15.80 | - | - |
| Other Intangible Assets | 68.32 | 60.05 | 60.48 | 65.59 | 57.60 | 54.74 |
| Total Assets | 1,988.06 | 1,859.47 | 1,751.45 | 1,639.07 | 1,524.91 | 1,404.66 |
| Total Debt | 15.23 | 15.51 | 15.84 | 16.18 | 16.51 | 0.00 |
| Long Term Debt | 15.23 | 15.51 | 15.84 | 16.18 | 16.51 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 49.74 | 59.30 | 57.69 | 69.90 | 52.51 | 48.73 |
| Other Liabilities | 120.97 | 112.27 | 121.97 | 94.09 | 87.94 | 66.99 |
| Total Liabilities | 185.94 | 187.08 | 195.51 | 180.17 | 156.95 | 115.72 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 1,802.12 | 1,672.40 | 1,555.95 | 1,458.91 | 1,367.96 | 1,288.94 |
| Total Shareholders Equity | 1,802.12 | 1,672.40 | 1,555.95 | 1,458.91 | 1,367.96 | 1,288.94 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 1,802.12 | 1,672.40 | 1,555.95 | 1,458.91 | 1,367.96 | 1,288.94 |
| Total Liabilities & Stockholders Equity | 1,988.06 | 1,859.47 | 1,751.45 | 1,639.07 | 1,524.91 | 1,404.66 |
| Book Value Per Share | 26.13 | 24.25 | 22.56 | 21.16 | 19.84 | 18.69 |
| Tangible Book Value Per Share | 25.68 | 23.79 | 22.09 | 20.69 | 19.36 | 18.20 |
| Full-Time Employees | - | - | - | 114 | - | - |
| Price to Book Ratio | 10.51 | 19.40 | 22.42 | 14.47 | 15.68 | 19.12 |
| Return on Assets | 33.45 | 33.17 | 32.44 | 33.24 | 35.28 | 33.95 |
| Return on Equity | 37.07 | 36.57 | 36.47 | 37.15 | 39.37 | 37.01 |
| Return on Invested Capital | 9.21 | 9.12 | 9.09 | 8.36 | 8.76 | 9.01 |
| Quick Ratio | 5.41 | 4.55 | 4.23 | 4.40 | 10.86 | 14.79 |
| Current Ratio | 5.41 | 4.55 | 4.23 | 4.40 | 10.86 | 14.79 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Funds from Operations | 184.74 | 176.49 | 144.83 | 145.63 | 143.47 | 133.87 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 7.66 | -3.63 | 17.17 | -37.02 | 11.14 | -12.96 |
| Income Taxes Payable | 7.24 | -8.34 | 33.26 | -5.88 | 5.71 | -33.15 |
| Cash from Operating Activities | 192.39 | 172.86 | 162.01 | 108.61 | 154.61 | 120.90 |
| Capital Expenditures | -13.98 | -21.85 | -7.35 | -28.65 | -18.60 | -3.31 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | -454.24 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -12.58 | -110.16 | 0.00 | -46.45 | -31.45 | -4.50 |
| Purchase of Investments | -12.58 | -110.16 | 0.00 | -46.45 | -31.45 | -4.50 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | -3.50 | 1.04 | -1.04 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.88 |
| Cash from Investing Activities | -30.06 | -130.98 | -8.39 | -529.35 | -50.05 | -3.93 |
| Cash Dividends Paid | -41.38 | -41.39 | -41.80 | -36.77 | -36.81 | -36.78 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.00 | 0.00 | 0.00 | 0.00 | -8.28 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | -8.28 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | - | - | - | - | - | 0.00 |
| Reduction of Long Term Debt | - | - | - | - | - | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | -0.05 | -9.06 | 0.00 | -0.48 | -0.05 |
| Other Financing Activities Uses | 0.00 | -0.05 | -9.06 | 0.00 | -0.48 | -0.05 |
| Cash from Financing Activities | -41.38 | -41.44 | -50.86 | -36.77 | -45.58 | -36.83 |
| Net Change in Cash | 120.95 | 0.45 | 102.76 | -457.51 | 58.99 | 80.13 |
| Free Cash Flow | 178.41 | 151.01 | 154.66 | 79.95 | 136.01 | 117.59 |
| Price to Free Cash Flow | 55.86 | 82.80 | 97.45 | 59.44 | 58.55 | 199.78 |
Revenue breakdown
| Easement and Sundry | 2024: 73.26M 2025: 91.78M |
|---|---|
| Land Sales | 2024: 4.39M 2025: 819.00K |
| Oil And Gas Royalties | 2024: 373.33M 2025: 411.68M |
| Produced Water Royalties | 2024: 104.12M 2025: 124.22M |
| Water Sales And Royalties | 2024: 150.72M 2025: 169.70M |
| United States | 2024: 705.82M 2025: 798.19M |
| Land And Resource Management | 2024: 440.79M 2025: 490.73M |
| Water Service and Operations | 2024: 265.03M 2025: 307.46M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 6.19% | 4.2M | 68.7M | 364.29K |
| 2026-10-15 | 6.17% | 4.2M | 68.7M | 357.28K |
| 2026-09-30 | 6.16% | 4.2M | 68.7M | 365.08K |
| 2026-09-15 | 6.17% | 4.2M | 68.6M | 371.79K |
| 2026-08-31 | 6.75% | 4.6M | 68.6M | 389.76K |
| 2026-08-14 | 6.34% | 4.4M | 68.6M | 404.66K |
| 2026-07-31 | 6.27% | 4.3M | 68.6M | 396.82K |
| 2026-07-15 | 6.25% | 4.3M | 68.6M | 410.02K |
| 2026-06-30 | 5.88% | 4.0M | 68.6M | 460.90K |
| 2026-06-15 | 5.72% | 3.9M | 68.6M | 458.90K |
| 2026-05-29 | 6.55% | 4.5M | 68.6M | 474.66K |
| 2026-05-15 | 6.12% | 4.2M | 68.6M | 536.24K |
| 2026-04-30 | 6.07% | 4.2M | 68.8M | 553.45K |
| 2026-04-15 | 6.14% | 4.2M | 68.8M | 562.60K |
| 2026-03-31 | 5.65% | 3.9M | 68.8M | 517.23K |
| 2026-03-13 | 6.00% | 4.1M | 68.8M | 516.59K |
| 2026-02-27 | 6.84% | 4.7M | 68.8M | 493.08K |
| 2026-02-13 | 6.84% | 4.7M | 68.8M | 425.61K |
| 2026-01-30 | 6.80% | 4.7M | 68.8M | 411.25K |
| 2026-01-15 | 6.61% | 4.5M | 68.8M | 401.13K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 150 | 128.5 | 134.4 | 127 | 2.938 | 1.00 | 0.00 | 0.955 | -0.633 | 0.041 |
| call | 155 | 123.2 | 129.7 | 0.00 | 2.873 | 0.00 | 0.00 | 0.953 | -0.628 | 0.043 |
| call | 160 | 118.2 | 124.5 | 0.00 | 2.708 | 0.00 | 0.00 | 0.951 | -0.622 | 0.044 |
| call | 165 | 113.2 | 119.6 | 0.00 | 2.604 | 0.00 | 0.00 | 0.949 | -0.617 | 0.046 |
| call | 170 | 108.2 | 114.7 | 0.00 | 2.495 | 0.00 | 0.00 | 0.946 | -0.611 | 0.048 |
| call | 175 | 103.2 | 108.8 | 104.5 | 2.275 | 1.00 | 0.00 | 0.944 | -0.604 | 0.050 |
| call | 180 | 98.20 | 104.4 | 99.50 | 2.264 | 1.00 | 0.00 | 0.941 | -0.597 | 0.051 |
| call | 185 | 93.30 | 99.00 | 94.60 | 2.040 | 2.00 | 0.00 | 0.938 | -0.591 | 0.053 |
| call | 190 | 88.30 | 94.50 | 0.00 | 1.914 | 0.00 | 0.00 | 0.935 | -0.583 | 0.055 |
| call | 195 | 83.60 | 89.60 | 0.00 | 1.961 | 0.00 | 0.00 | 0.931 | -0.574 | 0.058 |
| call | 200 | 78.60 | 84.00 | 80.50 | 1.776 | 0.00 | 1.00 | 0.927 | -0.566 | 0.060 |
| call | 210 | 68.30 | 74.00 | 0.00 | 1.554 | 0.00 | 0.00 | 0.919 | -0.547 | 0.066 |
| call | 220 | 58.70 | 64.70 | 0.00 | 1.434 | 0.00 | 0.00 | 0.909 | -0.526 | 0.072 |
| call | 230 | 48.50 | 55.00 | 0.00 | 1.209 | 0.00 | 0.00 | 0.897 | -0.502 | 0.079 |
| call | 240 | 38.70 | 44.90 | 40.20 | 1.083 | 16.00 | 0.00 | 0.879 | -0.471 | 0.088 |
| call | 250 | 28.70 | 36.20 | 30.50 | 0.991 | 1.00 | 0.00 | 0.855 | -0.434 | 0.100 |
| call | 260 | 20.00 | 26.00 | 0.00 | 0.772 | 0.00 | 0.00 | 0.810 | -0.415 | 0.119 |
| call | 270 | 14.10 | 16.40 | 15.20 | 0.598 | 70.00 | 0.00 | 0.688 | -0.503 | 0.155 |
| call | 280 | 8.40 | 10.30 | 9.55 | 0.582 | 28.00 | 2.00 | 0.522 | -0.548 | 0.174 |
| call | 290 | 4.30 | 5.80 | 5.05 | 0.546 | 20.00 | 11.00 | 0.368 | -0.512 | 0.165 |
| call | 300 | 2.05 | 2.95 | 2.37 | 0.535 | 137 | 24.00 | 0.229 | -0.410 | 0.133 |
| call | 310 | 0.90 | 1.25 | 1.00 | 0.516 | 61.00 | 6.00 | 0.117 | -0.252 | 0.086 |
| call | 320 | 0.45 | 0.90 | 0.93 | 0.578 | 84.00 | 0.00 | 0.081 | -0.216 | 0.066 |
| call | 330 | 0.05 | 3.00 | 2.00 | 0.680 | 69.00 | 0.00 | 0.071 | -0.229 | 0.059 |
| call | 340 | 0.20 | 2.05 | 0.20 | 0.773 | 221 | 102 | 0.064 | -0.240 | 0.055 |
| call | 350 | 0.00 | 1.05 | 0.86 | 0.863 | 207 | 3.00 | 0.058 | -0.249 | 0.051 |
| call | 360 | 0.00 | 1.45 | 0.14 | 0.946 | 166 | 1.00 | 0.054 | -0.257 | 0.048 |
| call | 370 | 0.00 | 3.00 | 1.10 | 1.030 | 152 | 0.00 | 0.051 | -0.265 | 0.046 |
| call | 380 | 0.00 | 0.25 | 1.50 | 0.898 | 204 | 6.00 | 0.018 | -0.100 | 0.020 |
| call | 390 | 0.00 | 0.20 | 0.20 | 0.932 | 153 | 10.00 | 0.015 | -0.085 | 0.016 |
| call | 400 | 0.00 | 0.25 | 0.20 | 0.992 | 124 | 0.00 | 0.014 | -0.086 | 0.015 |
| call | 410 | 0.00 | 3.00 | 0.15 | 1.052 | 135 | 0.00 | 0.013 | -0.088 | 0.015 |
| call | 420 | 0.00 | 1.80 | 0.38 | 1.107 | 203 | 0.00 | 0.013 | -0.089 | 0.014 |
| call | 430 | 0.00 | 3.00 | 0.20 | 1.163 | 59.00 | 0.00 | 0.012 | -0.090 | 0.014 |
| call | 440 | 0.00 | 3.00 | 0.50 | 1.216 | 53.00 | 0.00 | 0.012 | -0.091 | 0.013 |
| call | 450 | 0.00 | 1.55 | 0.30 | 1.267 | 54.00 | 0.00 | 0.011 | -0.092 | 0.013 |
| call | 460 | 0.00 | 1.60 | 0.35 | 1.308 | 35.00 | 0.00 | 0.011 | -0.092 | 0.013 |
| call | 470 | 0.00 | 2.80 | 0.30 | 1.365 | 6.00 | 0.00 | 0.010 | -0.094 | 0.012 |
| call | 480 | 0.00 | 3.00 | 0.20 | 1.417 | 8.00 | 0.00 | 0.010 | -0.094 | 0.012 |
| call | 490 | 0.00 | 1.50 | 0.30 | 1.530 | 10.00 | 0.00 | 0.016 | -0.147 | 0.017 |
| call | 500 | 0.00 | 1.25 | 0.35 | 1.503 | 15.00 | 0.00 | 0.010 | -0.096 | 0.011 |
| call | 510 | 0.00 | 3.20 | 0.15 | 1.547 | 21.00 | 0.00 | 0.009 | -0.097 | 0.011 |
| put | 150 | 0.00 | 4.00 | 0.00 | 2.713 | 0.00 | 0.00 | -0.045 | -0.631 | 0.042 |
| put | 155 | 0.00 | 4.90 | 0.00 | 2.583 | 0.00 | 0.00 | -0.046 | -0.617 | 0.043 |
| put | 160 | 0.00 | 4.90 | 0.00 | 2.460 | 0.00 | 0.00 | -0.049 | -0.611 | 0.044 |
| put | 165 | 0.00 | 4.90 | 0.00 | 2.345 | 0.00 | 0.00 | -0.051 | -0.605 | 0.046 |
| put | 170 | 0.00 | 3.00 | 0.00 | 2.239 | 0.00 | 0.00 | -0.054 | -0.599 | 0.048 |
| put | 175 | 0.00 | 3.00 | 0.00 | 2.132 | 0.00 | 0.00 | -0.056 | -0.592 | 0.050 |
| put | 180 | 0.00 | 3.20 | 0.00 | 2.028 | 0.00 | 0.00 | -0.059 | -0.584 | 0.051 |
| put | 185 | 0.00 | 3.00 | 0.00 | 1.924 | 0.00 | 0.00 | -0.062 | -0.576 | 0.053 |
| put | 190 | 0.00 | 3.00 | 0.00 | 1.822 | 0.00 | 0.00 | -0.065 | -0.568 | 0.056 |
| put | 195 | 0.00 | 3.00 | 0.00 | 1.727 | 0.00 | 0.00 | -0.069 | -0.560 | 0.058 |
| put | 200 | 0.00 | 3.00 | 0.00 | 1.632 | 0.00 | 0.00 | -0.072 | -0.551 | 0.060 |
| put | 210 | 0.00 | 3.00 | 0.00 | 1.447 | 0.00 | 0.00 | -0.081 | -0.531 | 0.066 |
| put | 220 | 0.00 | 4.00 | 0.00 | 1.266 | 0.00 | 0.00 | -0.091 | -0.508 | 0.072 |
| put | 230 | 0.00 | 4.90 | 0.30 | 1.094 | 0.00 | 0.00 | -0.103 | -0.482 | 0.079 |
| put | 240 | 0.40 | 2.85 | 0.62 | 0.916 | 70.00 | 0.00 | -0.121 | -0.451 | 0.088 |
| put | 250 | 0.60 | 2.85 | 1.15 | 0.743 | 144 | 0.00 | -0.145 | -0.413 | 0.100 |
| put | 260 | 1.55 | 2.55 | 2.28 | 0.569 | 45.00 | 0.00 | -0.190 | -0.393 | 0.119 |
| put | 270 | 3.50 | 4.90 | 4.32 | 0.543 | 125 | 13.00 | -0.312 | -0.479 | 0.155 |
| put | 280 | 7.10 | 8.80 | 10.10 | 0.526 | 45.00 | 0.00 | -0.470 | -0.523 | 0.174 |
| put | 290 | 13.10 | 14.80 | 15.04 | 0.534 | 35.00 | 0.00 | -0.633 | -0.487 | 0.165 |
| put | 300 | 19.50 | 22.70 | 20.40 | 0.575 | 235 | 1.00 | -0.771 | -0.383 | 0.133 |
| put | 310 | 26.90 | 31.40 | 29.30 | 0.613 | 102 | 2.00 | -0.883 | -0.224 | 0.086 |
| put | 320 | 36.80 | 42.50 | 42.83 | 0.842 | 304 | 0.00 | -0.919 | -0.187 | 0.066 |
| put | 330 | 46.40 | 52.00 | 52.69 | 0.928 | 92.00 | 0.00 | -0.929 | -0.199 | 0.060 |
| put | 340 | 56.40 | 62.00 | 60.25 | 1.029 | 164 | 1.00 | -0.936 | -0.209 | 0.055 |
| put | 350 | 65.70 | 72.00 | 74.56 | 1.148 | 68.00 | 0.00 | -0.941 | -0.217 | 0.051 |
| put | 360 | 75.70 | 81.70 | 82.04 | 1.214 | 13.00 | 0.00 | -0.946 | -0.224 | 0.048 |
| put | 370 | 85.80 | 91.70 | 72.50 | 1.275 | 33.00 | 0.00 | -0.949 | -0.230 | 0.046 |
| put | 380 | 95.70 | 101.7 | 51.00 | 1.364 | 0.00 | 0.00 | -0.981 | -0.064 | 0.020 |
| put | 390 | 106.4 | 111.7 | 42.91 | 1.486 | 0.00 | 0.00 | -0.985 | -0.048 | 0.016 |
| put | 400 | 116.4 | 121.7 | 93.40 | 1.569 | 0.00 | 0.00 | -0.986 | -0.048 | 0.015 |
| put | 410 | 125.5 | 131.7 | 103.4 | 1.728 | 0.00 | 0.00 | -0.987 | -0.048 | 0.015 |
| put | 420 | 135.6 | 141.7 | 114.7 | 1.726 | 0.00 | 0.00 | -0.987 | -0.049 | 0.014 |
| put | 430 | 146 | 151.7 | 127 | 1.884 | 0.00 | 0.00 | -0.988 | -0.048 | 0.014 |
| put | 440 | 155.8 | 161.7 | 109.3 | 1.831 | 0.00 | 0.00 | -0.988 | -0.048 | 0.013 |
| put | 450 | 165.5 | 171.7 | 0.00 | 1.943 | 0.00 | 0.00 | -0.989 | -0.048 | 0.013 |
| put | 460 | 175.8 | 181.7 | 0.00 | 2.004 | 0.00 | 0.00 | -0.989 | -0.048 | 0.012 |
| put | 470 | 186.3 | 191.7 | 138.9 | 2.166 | 0.00 | 0.00 | -0.989 | -0.048 | 0.012 |
| put | 480 | 196.1 | 201.7 | 180.7 | 2.232 | 0.00 | 0.00 | -0.990 | -0.047 | 0.012 |
| put | 490 | 205.5 | 211.7 | 177.9 | 2.196 | 0.00 | 0.00 | -0.990 | -0.047 | 0.012 |
| put | 500 | 215.6 | 221.7 | 0.00 | 2.252 | 0.00 | 0.00 | -0.990 | -0.047 | 0.011 |
| put | 510 | 225.6 | 231.7 | 208.4 | 2.322 | 0.00 | 0.00 | -0.990 | -0.047 | 0.011 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-10 | 8-K12B | 2026-11-05 | SEC | |
| 2026-11-04 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-04 | 8-K | Current report | 2026-11-04 | SEC |
| 2026-11-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-11-02 | SEC |
| 2026-10-30 | SCHEDULE 13G | SEC | ||
| 2026-10-23 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-10-08 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-10-01 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-29 | SEC |
| 2026-09-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-28 | SEC |
| 2026-09-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-25 | SEC |
| 2026-09-25 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-24 | SEC |
| 2026-09-25 | 8-K | Current report | 2026-09-25 | SEC |
| 2026-09-25 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-09-25 | ARS | Annual report to security holders. | 2025-12-31 | SEC |
| 2026-09-25 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-09-25 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-11-05 | SEC |
| 2026-09-24 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-23 | SEC |
| 2026-09-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-22 | SEC |
| 2026-09-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-21 | SEC |
| 2026-09-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-18 | SEC |
| 2026-09-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-17 | SEC |
| 2026-09-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-15 | SEC |
| 2026-09-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-16 | SEC |
| 2026-09-17 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-09-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-15 | SEC |
| 2026-09-15 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-14 | SEC |
| 2026-09-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-11 | SEC |
| 2026-09-11 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-10 | SEC |
| 2026-09-11 | PRE 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-11-05 | SEC |
| 2026-09-10 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-09 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 10.05K | 21 | 0 | 0 |
| 2026-08 | 7.72K | 21 | 0 | 0 |
| 2026-07 | 8.99K | 22 | 0 | 0 |
| 2026-06 | 9.58K | 22 | 1.60M | 2 |
| 2026-05 | 8.04K | 18 | 0 | 0 |
| 2026-04 | 9.96K | 21 | 0 | 0 |
| 2026-03 | 11.53K | 22 | 0 | 0 |
| 2026-02 | 464.99K | 20 | 1.27M | 2 |
| 2026-01 | 6.50K | 20 | 0 | 0 |
| 2025-12 | 15.89K | 22 | 0 | 0 |
| 2025-11 | 17.78K | 19 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC | 14.21% |
| BlackRock, Inc. | 7.68% |
| STATE STREET CORP | 5.75% |
| VANGUARD CAPITAL MANAGEMENT LLC | 5.52% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4.62% |
| GEODE CAPITAL MANAGEMENT, LLC | 2.43% |
| FIRST MANHATTAN CO. LLC. | 1.54% |
| SoftVest Advisors, LLC | 1.54% |
| MORGAN STANLEY | 1.41% |
| Invesco Ltd. | 1.04% |
Funds
| Fund | % owned |
|---|---|
| Kinetics Paradigm Portfolio | 2.73% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.70% |
| Global Equity Fund | 2.42% |
| VANGUARD 500 INDEX FUND | 2.18% |
| State Street(R) Energy Select Sector SPDR(R) ETF | 1.80% |
| iShares Core S&P 500 ETF | 1.16% |
| Fidelity 500 Index Fund | 1.09% |
| SPDR S&P 500 ETF TRUST | 1.02% |
| VANGUARD SMALL-CAP INDEX FUND | 0.97% |
| Kinetics Small Cap Opportunities Portfolio | 0.97% |
OakChart. TPL. Cached 15 minutes.