Royalties News & Analysis
3 articles
Market Mood
Texas Pacific Land (TPL) Revenue Soars 21% to $237 Million Q1 2026
Texas Pacific Land (TPL) recorded a significant 21% year-over-year revenue growth in Q1 2026, reaching a record $237 million. In 2025, the company generated $798 million in revenue, with oil and gas royalties contributing approximately $412 million. The company's earnings per share rose to $2.07 from $1.75 the previous year. Additionally, TPL owns about 880,000 acres in the Permian Basin, positioning it to benefit from the growing demand for AI data centers due to its land, water, and power resources.
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Franco-Nevada (FNV) Targets 510K-570K Gold Ounces in 2026
Franco-Nevada Corporation (FNV) aims for gold equivalent ounce sales of 510,000 to 570,000 in 2026, excluding contributions from the Cobre Panama project. The company noted that while it received approval for processing stockpiled ore at Cobre Panama, significant benefits won't materialize until 2027. A $10 rise in oil prices could increase oil-related revenue by approximately 12%. Analyst Carey MacRury upgraded Franco-Nevada to Buy with a price target increase to C$415 from C$380, reflecting confidence in its diversified royalty portfolio and stable cash generation.
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Triple Flag Precious Metals (TFPM) Price Target Raised to $49 by BofA
On March 23, 2026, BofA raised the price target for Triple Flag Precious Metals Corp. (TFPM) to $49 from $46, maintaining a Buy rating. This adjustment followed the company's Q4 results and updated guidance, highlighting its strong portfolio performance and resilient cash flow. Similarly, analyst Lawson Winder increased the price target to $46 from $44 on February 26, reflecting improving macro conditions for precious metals. The revisions come amid expectations that gold and silver will benefit from geopolitical uncertainties and inflationary pressures.
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