Texas Pacific Land Corporation Rallied Over 50% in First Half of 2026

IndustryCommodity Impact 4
โดย The Motley Fool·Read original
Summary · why it matters

Texas Pacific Land Corporation shares surged 52.4% in the first half of 2026, driven by higher oil and gas prices amid the war in Iran and major deals to supply power and water for AI data center projects in West Texas. The company owns 882,000 surface acres and 224,000 net royalty acres in the Permian Basin, benefiting from increased drilling and royalties as energy prices rose. In February, details emerged of a partnership with Bolt, an AI data center start-up led by former Alphabet CEO Eric Schmidt, in which Texas Pacific invested $50 million and gained rights to provide power and water for Bolt’s planned 10 gigawatts of computing capacity in Texas. A temporary ceasefire in April and the unexpected death of Horizon Kinetics Holdings’ CEO, Texas Pacific’s largest shareholder, caused brief sell-offs, but the stock rebounded in late June after announcing a deal with Chevron to supply land and brackish water for a power plant supporting a data center in Reeves County. Texas Pacific now trades at 55 times trailing earnings and about 38 times forward estimates, reflecting its strong position in both energy and AI infrastructure.

Impact on stocks 3

Energy▲ · 2 stocks
Texas Pacific Land Corporation
TPL
▲ PositiveDemandrelevance

Texas Pacific benefits from higher oil and gas prices due to the Iran war and from deals to supply power and water for AI data centers, boosting demand for its land and resources.

Chevron Corp
CVX
▲ PositiveDemandrelevance

Chevron announced a deal with Texas Pacific to supply land and brackish water for a power plant supporting a data center, indicating demand for Chevron's energy services.

Artificial Intelligence▲ · 1 stocks

Theme Impact 5

Off-coverage companies 1

Horizon Kinetics Holding CorporationPrivate▼ Negative
Capitalrelevance

The unexpected death of Horizon Kinetics Holdings' CEO, Texas Pacific's largest shareholder, caused a brief sell-off in Texas Pacific stock, negatively impacting Horizon Kinetics.

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