Texas Pacific Land Corp (TPL)

As of 31 August 2026, short interest in TPL is 4,635,324 shares, up 332,639 shares over the last month. Over the last 48 readings it ranged from 1,204,101 shares (15 November 2024) to 4,704,523 shares (13 February 2026). The latest reading sits at the top of that range. At the reported average volume of 374K shares a day that is 12.4 days to cover, a crowded short.

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As of 11 September 2026, the short share of TPL volume is 76.8%, down 3.7 points over the last five sessions. Over the last 52 readings it ranged from 52.5% (27 August 2026) to 84.7% (20 August 2026). The latest reading is 7.2 points above the 30-session average of 69.6%, on 99K shares reported.

As of 11 August 2026, the fails-to-deliver balance in TPL is 33,949 shares, up 33,948 shares over the last settlement date. Over the last 52 readings it ranged from 1 share (9 February 2026) to 33,949 shares (11 August 2026). The latest reading sits at the top of that range.

Insiders at TPL reported 41 open-market buys worth $15K in the last 90 days and no open-market sells. Clustered voluntary buying is historically the stronger insider signal because insiders buy for one reason. Latest filing: HORIZON KINETICS ASSET MANAGEMENT LLC on 2026-09-10.

Form 4 filings are due within two business days of the trade. Insiders sell for many reasons that say nothing about the company; open-market buys are the rarer, stronger signal.

4 holders above 5% have filed on TPL, 3 on Schedule 13D (active intent). The largest reported stake is HORIZON KINETICS ASSET MANAGEMENT LLC at 14.6% of the class (10,050,070 shares), filed 2026-03-26 for an event on 2026-03-24.

6 of the 30 tracked managers held TPL at their latest 13F, $383.6M in total at quarter-end prices. Citadel Advisors is the largest at $204.7M (0.0% of its portfolio) as of 2026-06-30. Over the prior quarter 5 added shares and 1 cut.

Only the 30 tracked managers on the funds hub; a 13F reports long positions in US listed stock at quarter end, 45 days late, and says nothing about shorts or positions sold since.

In Q2 2026 (quarter ended 2026-06-30) Texas Pacific Land Corp reported revenue of $246.1M, up 31.2% from the same quarter a year earlier, and net income of $153.9M (2.23 diluted EPS). In FY 2025 it generated $545.9M of operating cash flow and spent $8.4M on buybacks and $147.8M on dividends.

Quarterly, last 8 quarters

Fiscal years, with buybacks and dividends

Quarters are the three-month figures the company reports; a fourth quarter marked derived is the fiscal year less the three reported quarters, since companies report it only inside the 10-K. Fiscal years are the annual figures. Buybacks are cash paid to repurchase common stock in the year (XBRL PaymentsForRepurchaseOfCommonStock), not authorizations. Balance sheet lines are as of 2026-06-30; shares outstanding as of 2026-07-31 from the cover page.