Why These Energy Stocks are Gaining This Week

8. Texas Pacific Land Corporation (NYSE:TPL)

Share Price Gains Between Feb. 24 and Mar. 3: 4.83%

Texas Pacific Land Corporation (NYSE:TPL) owns and manages about 868,000 acres in the Permian Basin. The company generates revenues along the entire value chain of oil and gas development, including royalties; water resources; and surface leases, easements, and materials.

Texas Pacific Land Corporation (NYSE:TPL) showed great performance in 2024 with Record oil and gas royalty production of 26.8 thousand Boe per day, in addition to achieving record performance in its Water Service and Operations segment. The company’s net income came in at almost $454 million for the full year 2024, up 11.9% YoY, and it generated free cash flow of $461.1 million during the year. TPL announced a regular dividend of $1.60 per share last month, representing a YoY increase of 37%.