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. We show 59 historical shares outstanding datapoints in our TPL shares outstanding history coverage, used to compute TPL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TPL market cap history over the course of time is important for investors
interested in comparing TPL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of TPL versus a peer is one thing; comparing
TPL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like TPL can fluctuate over the course of history.
With this page we aim to empower investors researching TPL by allowing them to research the TPL market cap history. |
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Video: The Importance of Market Cap
