Texas Pacific Land (NYSE: TPL) plans three-for-one stock split in December 2025
Rhea-AI Filing Summary
Texas Pacific Land Corporation is implementing a three-for-one forward stock split of its common stock. The company amended its Second Amended and Restated Certificate of Incorporation to effect the split and to increase authorized common shares from 46,536,936 to 139,610,808. The amendment becomes effective at 5:00 p.m. Eastern Time on December 22, 2025.
The record date for the stock split is December 12, 2025, with split shares distributed on December 22, 2025. Trading in the company’s common stock is expected to begin on a split-adjusted basis on December 23, 2025. The stock will continue to trade on the New York Stock Exchange and NYSE Texas, Inc. under the symbol TPL, and the CUSIP number and par value will remain unchanged.
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Insights
Texas Pacific Land is executing a 3-for-1 stock split with higher authorized shares.
Texas Pacific Land Corporation approved a three-for-one forward stock split and an increase in authorized common shares from 46,536,936 to 139,610,808 through a charter amendment effective at 5:00 p.m. Eastern Time on December 22, 2025. A stock split increases the number of shares while reducing the price per share proportionally, leaving overall company value unchanged.
The key operational dates are a record date of December 12, 2025, distribution of additional shares on December 22, 2025, and trading on a split-adjusted basis starting December 23, 2025. The trading symbol TPL, CUSIP, and par value remain the same, which simplifies continuity for investors and market infrastructure.
This action is structural rather than fundamental; it does not alter revenues, earnings, or cash flows but can affect liquidity and accessibility by lowering the per-share price. Future disclosures in company filings can provide more detail on how the expanded authorized share count is used over time.
FAQ
What stock split did Texas Pacific Land Corporation (TPL) announce?
Texas Pacific Land Corporation approved a three-for-one forward stock split of its common stock, meaning each existing share will become three shares.
When does the Texas Pacific Land (TPL) stock split become effective?
The charter amendment to effect the stock split becomes effective at 5:00 p.m. Eastern Time on December 22, 2025, with trading expected on a split-adjusted basis on December 23, 2025.
What are the record and distribution dates for the TPL stock split?
The record date for the stock split is December 12, 2025, and the additional shares are scheduled to be distributed on December 22, 2025.
How did the stock split change Texas Pacific Land’s authorized shares?
The amendment proportionately increased authorized common shares from 46,536,936 to 139,610,808 as part of the three-for-one stock split.
Will Texas Pacific Land’s ticker, CUSIP, or par value change after the split?
No. The common stock will continue to trade under the symbol TPL on the New York Stock Exchange and NYSE Texas, Inc., and the CUSIP number and par value will remain unchanged.
Where can investors find the full text of the Texas Pacific Land charter amendment?
The full text of the charter amendment is filed as Exhibit 3.1 and is incorporated by reference in the report.