Texas Pacific Land Surges 10% on AI Data Center Hopes

Texas Pacific Land Corp. shares jumped over 10% Friday, recovering from a steep sell-off triggered by the death of major shareholder Murray Stahl of Horizon Kinetics. The Dallas-based Permian Basin royalty giant climbed to $417.06, rebounding after a 15-17% plunge the previous session. Investor optimism centers on TPL's pivot toward AI infrastructure, including a $50 million investment in a data center platform chaired by former Google CEO Eric Schmidt. The company reported record 2025 revenue of $798.2 million and net income of $481.4 million, with water services and oil royalties both hitting new highs.