Texas Pacific (TPL) shares ended the last trading session 8.5% higher at $409.97. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 28.6% loss over the past four weeks.
As a royalty owner and land manager rather than an operator, Texas Pacific Land enjoys a relatively low operational-cost model that leads to significant profitability.
The company is diversifying beyond oil by leasing land to data center developers, capitalizing on the massive infrastructure and power needs in West Texas, which also increases demand for natural gas.
