Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The Land and Resource Management segment manages surface acres of land, and oil and gas royalty interest in Permian Basin. This segment also engages in easements, such as transporting oil, gas and related hydrocarbons, power line and utility, and subsurface wellbore easements. In …
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Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 85.5% (top 11%) and operating margin at 74.2% (top 7%) indicate strong pricing power.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.95), demonstrating pricing resilience across cycles.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Texas Pacific Land Corporation ranks #1 of 93
scored companies in Oil & Gas E&P by moat score — the top 1%.
That makes it the widest moat in the group.
Moat scores for companies ranked near TPL in Oil & Gas E&P
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 71
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 75
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 92
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 85
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 82
· 15% of the moat score
Scale matters only when it converts into economics.
What is Texas Pacific Land Corporation's moat score?
Texas Pacific Land Corporation (TPL) scores 84 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #1 of 93 scored companies in Oil & Gas E&P, the top 1%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 92 companies in Oil & Gas E&P. Its strongest defense is Pricing Power (92/100) and its weakest is Cost Advantage (71/100).
How does Texas Pacific Land Corporation compare with other Oil & Gas E&P companies?
Texas Pacific Land Corporation ranks #1 of 93 scored companies in Oil & Gas E&P by moat score. That is the widest moat in Oil & Gas E&P. The companies ranked closest are North European Oil Royality Tru (NRT) at 82 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 92 companies in Oil & Gas E&P. The defenses are then weighted to produce the overall score out of 100.
Why is Texas Pacific Land Corporation scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Texas Pacific Land Corporation?
The Corporate Default template measures 6 defenses, and TPL scores: Pricing Power (92), Cost Advantage (71), Customer Stickiness (75), Capital Efficiency (92), Resilience (85), Scale & Market Position (82). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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