InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$350.92

2026-10-16

Market Cap

$24.2B

Volume

0.3M

52-Wk High

$547.20

52-Wk Low

$269.23

Trailing PE

44.7

P/S

26.97

Gross Margin

85.8%

Net Margin

60.3%

ROE

36%

ROIC

30%

Piotroski

6/9

Altman Z

80.9

1-Yr Return

-62.5%

5-Yr Return

+78.5%

Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services. Its Land and Resource Management division oversees a vast land portfolio, spanning nearly 880,000 acres. This segment also holds significant oil and gas royalty interests. These include perpetual non-participating royalty interests (NPRIs) covering approximately 85,000 acres (at a 1/128th rate) and about 371,000 acres (at a 1/16th rate). Furthermore, it possesses around 4,000 additional net royalty acres, primarily located in West Texas. The segment grants various easements and commercial leases for purposes such as oil, gas, and hydrocarbon infrastructure, power and utility lines, and subsurface wellbores. It also leases its land for facilities like processing, storage, and compression plants, as well as roads, and sells materials such as caliche. The Water Services and Operations division provides comprehensive water solutions to energy operators throughout the Permian Basin. Its services encompass water sourcing, the gathering and treatment of produced water, infrastructure development, disposal solutions, water tracking, analytics, and well testing. This segment also generates royalty income from water extracted from its own lands. Founded in 1888, Texas Pacific Land Corporation maintains its headquarters in Dallas, Texas.

SectorEnergyIndustryOil & Gas Exploration & ProductionExchangeNYSEMarket Cap$24.2BEmployees114 (SEC-filed)CEOTyler GloverIPO1980-03-17CountryUS

2699 Howell Street, Dallas, TX 75204 · Tel 214 969 5530 · texaspacific.com

INSIDERSTREET SCORE81 / 100InsiderStreet publishes no price target

INSIDER CONSENSUS SIGNALTWO-WAY FLOW$0.5M buys against $2.1M sells / 6 mo

1 Year vs S&P 500 · TPL -62.5% · S&P 500 +15.9% · spread -78.4pp

7 Years vs S&P 500 · TPL +78.5% · S&P 500 +189.9% · spread -111.3pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE81of 100

Score Breakdown

Profitability	100/100
Growth	71/100
Momentum	88/100
Quality	93/100
Earnings Quality	69/100
Balance Sheet	88/100
Value	36/100
Risk (safety)	100/100
Overall	80.8/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
EXE	77
PR	76
OVV	74
EQT	76
APA	62
COG	80
TPL	81

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 86 in 23 Q1, latest 81 — -5 since. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY81 / 100IS Score 80.8 / 100 · -4.8 from peak of 86

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTURENEUTRALTechnical Score 50 / 100 · Power -1 · 9 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 81 and price structure at 50 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 80.8	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 77 → 76 → 76 → 81	the direction matters more than the level
Technical vote share back above 50%	now 73%	price structure no longer broken
Institutional holder count rises two quarters running	peak 875 → now 875	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)0 buysnone disclosed

Insider Buys (180d)113$0.05M

ETF Funds (30d)771 up / 510 downnet +261 funds

Institutions Added (13F)14managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 875 · latest 875 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	875	50.6M	$21.9B	73.3%
2026 Q1	861	49.9M	$23.5B	72.4%
2025 Q4	732	49.1M	$14.1B	71.2%
2025 Q3	708	48.6M	$15.0B	70.4%
2025 Q2	731	48.6M	$17.0B	70.5%
2025 Q1	748	48.1M	$21.0B	69.8%
2024 Q4	683	48.1M	$17.5B	69.8%
2024 Q3	590	45.2M	$13.2B	65.6%
2024 Q2	565	44.9M	$10.8B	65.0%
2024 Q1	472	40.6M	$7.8B	58.8%
2023 Q4	465	41.6M	$7.2B	60.4%
2023 Q3	458	41.2M	$8.3B	59.8%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Horizon Kinetics Asset Management Llc	10 percent owner	2026-09-29	BUY	4	$0.00M	3,364,203
Horizon Kinetics Asset Management Llc	10 percent owner	2026-09-28	BUY	1	$0.00M	3,390,856
Horizon Kinetics Asset Management Llc	10 percent owner	2026-09-25	BUY	1	$0.00M	3,390,855
Horizon Kinetics Asset Management Llc	10 percent owner	2026-09-24	BUY	1	$0.00M	3,390,854
Horizon Kinetics Asset Management Llc	10 percent owner	2026-09-23	BUY	1	$0.00M	3,390,853
Horizon Kinetics Asset Management Llc	10 percent owner	2026-09-22	BUY	1	$0.00M	3,390,852
Horizon Kinetics Asset Management Llc	10 percent owner	2026-09-21	BUY	1	$0.00M	3,390,851
Horizon Kinetics Asset Management Llc	10 percent owner	2026-09-18	BUY	1	$0.00M	3,390,850

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	4	4,895	$2.1M	Counted
P — Open-market purchases	151	1,059	$0.5M	Counted

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalTwo-Way Flow

Open-Market Sells$2.1M4 txns / 6 mo

Open-Market Buys$0.5M151 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-09-17	Horizon Kinetics Asset Management Llc	250	$0.1M
2026-06-12	Horizon Kinetics Asset Management Llc	60	$0.0M
2026-06-05	Chris Steddum	4,000	$1.6M
2026-02-26	Donna Epps	895	$0.5M
Trailing 12 mo	4 filings	5,205	$2M

Filed	Form	Reporting person	% of class	Shares
2026-05-07	SCHEDULE 13D/A	HORIZON KINETICS ASSET MANAGEMENT LLC	14.70%	10.1M sh
2026-05-07	SCHEDULE 13D/A	Horizon Kinetics Holding Corp	14.70%	10.1M sh
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	6.30%	4.3M sh
2026-04-13	SCHEDULE 13D/A	HORIZON KINETICS ASSET MANAGEMENT LLC	14.50%	10.0M sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Member	Chamber	Trade	Size band	Traded	Disclosed
Lisa C. McClain	House	SELL	$1,001 - $15,000	2025-08-12	2025-09-15
Lisa McClain	House	BUY	$1,001 - $15,000	2025-07-22	2025-08-13
Lisa C. McClain	House	BUY	$1,001 - $15,000	2025-07-21	2025-08-13

House 12-Mo0 tradesNone purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)861

13F Shares50M72.4% of shares out

New / Closed191 / 48positions, QoQ

Increased / Reduced283 / 256positions, QoQ

Put/Call (13F)0.94option positions

Free Float99.6%69M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Annex Advisory Services, Llc	157,540	$51M
Blue Trust, Inc.	87,619	$29M
Asr Vermogensbeheer N.V.	59,138	$19M
Sapient Capital Llc	49,522	$16M
Westwind Capital	28,239	$9M
North Point Portfolio Managers Cor	27,407	$9M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.0%	$678M
VTSAX	0.0%	$678M
VSMPX	0.0%	$678M
VTI	0.0%	$678M
VOO	0.0%	$502M
VFINX	0.0%	$502M

13F Filers Holding TPL — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session68.0%2026-10-15

20-Day Avg72.2%50-day 71.0%

TrendRising20d vs 50d

By Market CenterQ: 68% · N: 76% · B: 73%latest session

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Weekly Notional ($B)

Where TPL Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Ubsa Ubs Ats	0.5M	20 sh
Sgmt Sigma X2	0.4M	15 sh
Mlix Instinct X	0.2M	19 sh
Ebxl Level Ats	0.2M	11 sh
Cgxs Onechronos	0.2M	27 sh
Mspl Ms Pool (Ats-4)	0.2M	64 sh

Where a dollar of Texas Pacific Land Corporation revenue goes. All values FY2025 filings, live.

TPL (live moat model)Peer median: EXE · PR · OVV · EQT · APA

Component scores from the live moat model. Peer median illustrative.

Moat score 72/100 — Wide; primary source Cost Advantage.

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3.8 · Employees (SEC filings)

Officer	Title
Tyler Glover	President, Chief Executive Officer & Trustee
Chris Steddum	Chief Financial Officer
Micheal W. Dobbs	Senior Vice President, Secretary & General Counsel
Katie Keenan	Senior Vice President of Commercial Transactions and Assistant General Counsel

Revenue ($M)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)2 of 6recent quarters

Avg Surprise-12.2%

Next Report2026-11-04

Income Quality1.11OCF ÷ net income

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Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+49.1%	+48.0%	-5.4%	+11.8%	+13.1%
Gross profit	+56.1%	+50.6%	-8.1%	+8.8%	+25.8%
Operating income	+66.8%	+55.2%	-13.6%	+10.9%	+9.8%
Net income	+53.4%	+65.3%	-9.1%	+11.9%	+6.0%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

$M · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	451	667	632	706	798
Cost of revenue	29	33	48	71	0
Gross profit	421	635	583	635	798
R&D expense	0	0	0	0	0
SG&A expense	59	63	90	34	24
Operating income	362	562	486	539	592
EBITDA	379	578	501	564	655
D&A	16	15	15	25	63
Pretax income	363	569	518	579	610
Income tax	93	122	112	125	129
Net income	270	446	406	454	481
Diluted EPS ($)	11.61	19.26	17.59	19.72	6.97
Diluted shares (M)	23	23	23	23	69

Operating CF$546M

CapEx$60M

Free cash flow$486M

SBC$15M

Buybacks$23M

Net cash change$-226M

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Balance Sheet — Full

$M	FY22	FY23	FY24	FY25
Cash & equivalents	510.8	725.2	369.8	144.8
ST investments	0.0	0.0	0.0	0.0
Receivables (net)	104.0	129.0	126.7	164.9
Total current assets	633.4	862.5	503.4	319.3
PP&E (net)	133.0	138.1	556.1	178.2
Goodwill + intangibles	0.0	21.0	35.2	32.8
Total assets	877.4	1,156.4	1,248.0	1,623.3
Accounts payable	23.4	22.5	27.0	48.5
Short-term debt	0.0	0.0	0.0	0.0
Deferred revenue	21.7	25.0	20.6	0.0
Total current liabilities	56.8	63.1	60.4	72.6
Long-term debt	0.0	0.0	0.0	16.2
Total liabilities	104.5	113.2	115.6	164.4
Shareholders' equity	772.9	1,043.2	1,132.5	1,458.9

Cash Flow Statement — Full

$M	FY22	FY23	FY24	FY25
Net income	446.4	405.6	454.0	481.4
D&A	15.4	14.8	25.2	62.5
Stock-based compensation	8.4	10.3	12.5	15.1
Working capital change	(24.3)	(13.9)	(0.9)	(29.5)
Operating cash flow	447.1	418.3	490.7	545.9
Capital expenditures	(19.2)	(15.0)	(29.7)	(59.5)
Investing cash flow	(21.4)	(60.3)	(471.7)	(595.8)
Buybacks	(89.5)	(44.6)	(30.8)	(23.2)
Dividends paid	(247.3)	(100.0)	(347.3)	(147.8)
Debt issuance / (repay)	0.0	0.0	0.0	0.0
Financing cash flow	(336.8)	(144.6)	(378.1)	(176.0)
Free cash flow	427.9	403.3	461.0	486.4

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

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Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	47.5%	62.7%	44.7%	41.7%	37.2%	36%
ROA	40.4%	54.4%	39.9%	37.8%	33.5%	29.1%
ROIC	119.8%	167.1%	119.3%	55.4%	34.7%	30.1%
Gross margin	93.5%	95.1%	92.3%	89.9%	100.0%	85.8%
Operating margin	80.4%	84.3%	77.0%	76.4%	74.2%	74.9%
Net margin	59.9%	66.9%	64.2%	64.3%	60.3%	60.3%
EBITDA margin	84.0%	86.6%	79.3%	79.9%	82.1%	85.8%
FCF margin	55.4%	64.1%	63.8%	65.3%	60.9%	—
VALUATION
P/E	33.97	39.11	28.99	55.73	41.19	44.7
P/B	14.07	22.59	11.27	22.34	13.59	14.5
P/S	20.34	26.15	18.62	35.84	24.84	26.97
P/FCF	36.75	40.79	29.16	54.88	40.76	46.0
EV/EBITDA	23.10	29.34	22.04	44.18	30.08	31.1
EV/Revenue	19.39	25.39	17.47	35.32	24.70	26.7
Earnings yield	2.9%	2.6%	3.4%	1.8%	2.4%	2.24%
FCF yield	2.7%	2.5%	3.4%	1.8%	2.5%	2.18%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	7.80	11.15	13.68	8.33	4.40	4.55
Quick ratio	6.18	9.22	13.68	8.33	4.40	4.55
Debt / equity	0.00	0.00	0.00	0.00	0.02	0.01
Debt / assets	0.2%	0.2%	0.1%	0.0%	2.0%	0.8%
Net debt / EBITDA	-1.13	-0.88	-1.45	-0.65	-0.17	-0.30
Interest coverage	—	—	—	—	—	—

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Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.68	0.81	0.62	0.59	0.56	0.48
Receivables turnover	6.29	6.70	5.42	5.52	5.48	5.1
DSO (days)	58	54	67	66	67	71
DPO (days)	193	229	174	138	—	117
Cash conversion cycle	1211	1039	308	-72	—	-46
GROWTH (YoY)
Revenue growth	49.0%	48.0%	-5.4%	11.8%	13.1%	—
Net income growth	53.4%	65.3%	-9.1%	11.9%	6.0%	—
EPS growth	53.6%	66.2%	-8.8%	12.0%	-64.6%	—
FCF growth	12.0%	71.4%	-5.8%	14.3%	5.5%	—
PER SHARE ($)
EPS (diluted, TTM)	11.62	19.31	17.61	19.72	6.97	7.85
Book value / share	28.05	33.44	45.29	49.20	21.14	24.25
Revenue / share	19.41	28.87	27.42	30.67	11.56	13.01
FCF / share	10.74	18.51	17.51	20.03	7.05	7.64
Cash / share	18.43	22.10	31.48	16.07	2.10	3.60
SHAREHOLDER RETURN & SCORES
Buyback yield	0.2%	0.5%	0.4%	0.1%	0.1%	0.03%
Altman Z-Score	53.08	105.23	66.51	135.21	75.63	80.9
Piotroski F-Score	7	8	6	7	4	6/9
Beneish M-Score	-1.56	-2.47	-2.18	-2.55	-0.74	-0.56

Model	Score	Zone	Note
Piotroski F-Score	6 / 9	Middling
Altman Z-Score	80.9	Safe (>2.99)	Safe
Income quality	1.11	Cash-backed	OCF ÷ net income
Beneish M-Score	-0.56	Elevated	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.79
Interest burden	1.01
Operating margin	75.6%
Asset turnover	0.55×
Financial leverage	1.10×
= ROE	37%

Growth Quality (live)	Value
Revenue stability	0.95
Earnings stability	0.85
Earnings persistence	0.93
Revenue CAGR 3y	11.3%
EPS CAGR 3y	-24.3%
FCF CAGR 3y	6.8%

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Buyback Yield0.03%

Dividend Yield0.66%

Total Shareholder Return0.55%cash yield

SBC / Revenue1.9%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
EXE	$21.6B	8.0	15%	17.6%	+56.8%	9/9	-4.8%
PR	$20.6B	15.9	12%	42.7%	+12.8%	7/9	+105.9%
OVV	$19.2B	19.7	8%	15.1%	+4.7%	8/9	+91.7%
EQT	$34.0B	11.9	12%	15.6%	+16.0%	7/9	+3.2%
APA	$17.2B	10.4	26%	31.1%	-12.2%	7/9	—
COG	$17.1B	10.2	11%	47.0%	+26.0%	8/9	—
WDS	$44.8B	14.3	17%	22.5%	-10.8%	4/9	—
AR	$11.9B	11.0	14%	20.8%	+19.6%	8/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

5 Analysts

Str Sell (0)Sell (1)Hold (1)Buy (3)Str Buy (0)

Next Report2026-11-04street $2.33

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$1.00B	$1.00B / $1.00B	$9.24	$9.24 / $9.24	1
FY2027	$1.12B	$1.12B / $1.12B	$10.20	$10.20 / $10.20	1
FY2028	$1.23B	$1.23B / $1.23B	$0.00	$0.00 / $0.00	0

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Year	$494.50	+40.9%	2
All Time	$494.50	+40.9%	2

Rolling mean of published targets vs. last close $350.92.

Third-Party Composite Rating

B+

DCF

4/5

ROE

5/5

ROA

5/5

Debt/Eq

3/5

P/E

1/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TPL -62.5% vs S&P 500 +15.9% — spread -78.4pp

Sector — XLE +60.0%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$347.87	+3.05	+0.88%	Above
SMA 50	$357.50	-6.58	-1.84%	Below
SMA 200	$399.94	-49.02	-12.26%	Below
EMA 9	$353.31	-2.39	-0.68%	Below
EMA 21	$352.88	-1.96	-0.56%	Below
EMA 50	$361.00	-10.08	-2.79%	Below
EMA 200	$463.63	-112.71	-24.31%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

TECHNICAL VERDICTNEUTRALPower Score -19 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%33

Momentum 25%50

Volume 20%38

Volatility 10%100

Patterns 15%62

This Week73% bullishof 11 price-based votes

4 Weeks Ago0%+73 pts since

12 Weeks Ago82%-9 pts since

ReadImprovingweek-over-week trajectory

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Price vs SMA 20$347.87

Price vs SMA 50$357.50

Price vs SMA 200$399.94

EMA 9/21 Cross353.3/352.9

SMA 50/200Death

ADX DirectionADX 12

Supertrend$331

Parabolic SAR$369

SMA Slope-0.080

RSI48.4

Stochastic K/D57/71

StochRSI K/D58/72

Williams %R-42

CCI9

TSI vs Signal-2.2

CMO-3.1

ROC3.19%

OBV SignalAccum

Chaikin MF-0.050

MFI63

Force Index-0M

Elder Ray Bull-1.02

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 71

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$348.83 / $354.59 / $362.67	S1 / S2	$340.75 / $334.99
Bollinger (20,2)	$323.43 – $372.31	Squeeze	Off
52-wk range	$280.63 – $1046.94	Off 52-wk high	-66.5%
ATR (14)	$12.30 (3.5%)	Historical vol	42.2%

+1.9%Jan50%

+8.3%Feb70%

+5.0%Mar62%

+4.2%Apr70%

+2.7%May50%

+3.9%Jun60%

+0.6%Jul50%

+3.3%Aug65%

+0.9%Sep35%

+0.6%Oct50%

+3.7%Nov55%

-3.9%Dec50%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	TPL	S&P 500
Weekly volatility (σ, 1y)	12.03%	1.83%
Best / worst week (1y)	+19.4% / -67.2%	—
Max drawdown (5y, monthly)	-79.5%	—
1-week VaR (95%)	-12.4%	—
Beta (5y)	0.62	1.00

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TPL EQUITY WEATHER (LIVE)CLOUDY · -1

Trend+4

Momentum+13

Volume+26

Volatility-60

Breadth-12

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 108 stories, weekly buckets, −1 to +1.

Overall-0.6+5.6 vs industry

Trend+3.9-4.3 vs industry

Momentum+12.7+10.3 vs industry

Volume+26.5+26.5 vs industry

Reading	TPL	Oil & Gas Exploration & Production n=763	Energy n=2,022	All US symbols n=70,435
Overall	-0.6	-6.1	-13.8	-20.5
Trend	+3.9	+8.2	-8.3	-21.3
Momentum	+12.7	+2.4	-8.5	-15.8
Volume	+26.5	+0.0	-25.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Tyler Glover President and Chief Executive O	$7.1M	87% equity+incentive
Chris Steddum Chief Financial Officer	$3.7M	85% equity+incentive
Micheal W. Dobbs Senior Vice President, Secr	$2.3M	79% equity+incentive

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Pillar (live disclosure scores)	Score
Environmental	63
Social	76
Governance	81
Composite ESG	73

Composite ESG Trend

Filed	8-K contents	Items
2026-09-25	Officer/Director Change	5.02
2026-08-05	Earnings Release; Regulation FD; Exhibits	2.02,7.01,9.01
2026-06-23	Regulation FD; Exhibits	7.01,9.01
2026-05-18	Regulation FD; Exhibits	7.01,9.01
2026-05-06	Material Agreement; Earnings Release; Officer/Director Change; Regulat	1.01,2.02,5.02,7.01,9.01
2026-04-09	Regulation FD; Exhibits	7.01,9.01
2026-02-18	Results of Operations and Financial Condition; Regulation FD Disclosur	2.02,7.01,9.01
2025-12-17	Regulation FD Disclosure; Financial Statements and Exhibits	7.01,9.01

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

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Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-11-02 to 2026-08-05
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	33 rows · 2018 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-09-15 to 2026-09-29
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-04-13 to 2026-05-07
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.