Texas Pacific Land (TPL) falls 2.20% in Active Trading on September 14

Equities Staff  |

Today, Texas Pacific Land Corporation Inc’s (NYSE: TPL) stock fell $27.38, accounting for a 2.20% decrease. Texas Pacific Land opened at $1254.55 before trading between $1247.87 and $1211.63 throughout Tuesday’s session. The activity saw Texas Pacific Land’s market cap fall to $9,419,941,482 on 33,511 shares -above their 30-day average of 28,316.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas. The Corporation is not an oil and gas producer, but 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 land, revenue for sales of materials (caliche) 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 the land. The Corporation 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.

Visit Texas Pacific Land Corporation's profile for more information.

About The New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals. 63% of SPAC proceeds in 2020 were raised on the NYSE, including the six largest transactions.

To get more information on Texas Pacific Land Corporation and to follow the company's latest updates, you can visit the company's profile page here: Texas Pacific Land Corporation's Profile. For more news on the financial markets be sure to visit Equities News. Also, don't forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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