KeyCorp Predicts Weaker Earnings for Texas Pacific Land

Posted by George Bondi on Jun 5th, 2026

Texas Pacific Land Corporation (NYSE:TPL – Free Report) – Analysts at KeyCorp decreased their Q2 2027 earnings estimates for shares of Texas Pacific Land in a research note issued to investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the financial services provider will post earnings of $2.37 per share for the quarter, down from their prior estimate of $2.54. KeyCorp currently has a “Overweight” rating and a $639.00 price target on the stock. The consensus estimate for Texas Pacific Land’s current full-year earnings is $9.27 per share. KeyCorp also issued estimates for Texas Pacific Land’s Q3 2027 earnings at $2.39 EPS and FY2027 earnings at $9.64 EPS.

Texas Pacific Land (NYSE:TPL – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.04. Texas Pacific Land had a net margin of 60.03% and a return on equity of 35.52%. The firm had revenue of $236.80 million during the quarter, compared to analysts’ expectations of $233.00 million.

TPL has been the subject of a number of other research reports. Weiss Ratings upgraded shares of Texas Pacific Land from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 1st. Wall Street Zen upgraded shares of Texas Pacific Land from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Finally, Zacks Research lowered shares of Texas Pacific Land from a “strong-buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $639.00.

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Texas Pacific Land Price Performance

Shares of TPL opened at $407.06 on Friday. Texas Pacific Land has a 1-year low of $269.23 and a 1-year high of $547.20. The company has a 50-day moving average of $423.19 and a 200 day moving average of $391.93. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 55.76 and a beta of 0.61.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC increased its position in Texas Pacific Land by 194.9% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 10,333,762 shares of the financial services provider’s stock valued at $2,968,063,000 after purchasing an additional 6,829,070 shares during the period. Vanguard Group Inc. increased its position in Texas Pacific Land by 192.8% during the 4th quarter. Vanguard Group Inc. now owns 7,556,966 shares of the financial services provider’s stock valued at $2,170,512,000 after purchasing an additional 4,975,738 shares during the period. State Street Corp increased its position in Texas Pacific Land by 206.8% during the 4th quarter. State Street Corp now owns 3,587,004 shares of the financial services provider’s stock valued at $1,030,259,000 after purchasing an additional 2,417,705 shares during the period. Geode Capital Management LLC increased its position in Texas Pacific Land by 203.7% during the 4th quarter. Geode Capital Management LLC now owns 1,759,107 shares of the financial services provider’s stock valued at $503,581,000 after purchasing an additional 1,179,788 shares during the period. Finally, SoftVest Advisors LLC increased its position in Texas Pacific Land by 200.0% during the 4th quarter. SoftVest Advisors LLC now owns 1,180,800 shares of the financial services provider’s stock valued at $339,149,000 after purchasing an additional 787,200 shares during the period. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Texas Pacific Land Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.40 dividend on an annualized basis and a yield of 0.6%. Texas Pacific Land’s dividend payout ratio (DPR) is 32.88%.

Texas Pacific Land Company Profile

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Texas Pacific Land Corporation (NYSE: TPL) is a Texas-based land management company that derives revenue from the ownership and stewardship of large tracts of land and associated mineral rights in West Texas. The company’s origins trace to 19th century land grants associated with the Texas and Pacific Railway; over time those grant holdings have been retained and managed as a standalone corporate asset base. Texas Pacific Land is publicly listed and operates as a landowner and resource manager rather than as a traditional oil and gas producer.

The company’s primary activities include management of surface rights and leasing of land for energy and other commercial uses, administration of mineral royalty interests, and provision of water and related services to industrial customers.