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 Video: What is a Stock Split?
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| Texas Pacific Land Corporation is a landowner in the state of Texas with approximately 873,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. Co. operates in two segments. Its Land and Resource Management segment encompasses the business of managing its approximately 873,000 surface acres of land and its oil and gas royalty interests in West Texas, principally concentrated in the Permian Basin. This segment consists primarily of royalties from oil and gas, revenues from easements, commercial leases and renewables, and land and material sales. According to our TPL split history records, Texas Pacific Land has had 3 splits. | |
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Texas Pacific Land (TPL) has 3 splits in our TPL split history database. The first split for TPL took place on July 13, 2007. This was a 5 for 1 split, meaning for each share of TPL owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 5000 share position following the split. TPL's second split took place on March 27, 2024. This was a 3 for 1 split, meaning for each share of TPL owned pre-split, the shareholder now owned 3 shares. For example, a 5000 share position pre-split, became a 15000 share position following the split. TPL's third split took place on December 23, 2025. This was a 3 for 1 split, meaning for each share of TPL owned pre-split, the shareholder now owned 3 shares. For example, a 15000 share position pre-split, became a 45000 share position following the split.
When a company such as Texas Pacific Land splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the TPL split history from start to finish, an original position size of 1000 shares would have turned into 45000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Texas Pacific Land shares, starting with a $10,000 purchase of TPL, presented on a split-history-adjusted basis factoring in the complete TPL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
02/17/2016 |
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| End date: |
02/13/2026 |
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| Start price/share: |
$13.87 |
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| End price/share: |
$432.31 |
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| Starting shares: |
720.98 |
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| Ending shares: |
815.65 |
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| Dividends reinvested/share: |
$17.58 |
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| Total return: |
3,426.16% |
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| Average Annual Total Return: |
42.81% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$352,502.50 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
02/17/2016 |
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| End date: |
02/13/2026 |
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| Start price/share: |
$13.87 |
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| End price/share: |
$432.31 |
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| Dividends collected/share: |
$17.58 |
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| Total return: |
3,143.63% |
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| Average Annual Total Return: |
41.63% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$324,443.01 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/13/2007 | 5 for 1 | | 03/27/2024 | 3 for 1 | | 12/23/2025 | 3 for 1 |
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