TPL · News · 20260807N

Acquisition / Partnership / Divestiture

Texas Pacific Land Corp · 2026-08-07 · Importance 52 · Surprise 42

TPL acquired land in Shackelford and Jones Counties for data center and power-generation initiatives. The company secured an agreement with Chevron for Project Kilby, a multi-gigawatt power-generation and data-center hub in West Texas. TPL is pursuing approximately 25 gigawatts of data center and power projects and expects to announce significant definitive agreements in the near term. The initiatives expand TPL's land and water resources beyond traditional oil and gas royalty activities.

Key facts

• Bank of America Corp DE acquired 155,781 additional TPL shares in the first quarter, bringing its total to 264,740 shares valued at $125.6 million. source
• CoreCap Advisors LLC increased its stake to 5,197 shares valued at $2.27 million in the second quarter. source
• Horizon Kinetics purchased 1 share of TPL common stock on August 6, 2026 at $355.62, increasing their direct holdings to 3,244,004 shares. source