Seasonality
TPL seasonality — Texas Pacific Land Corporation
Over the last 11 years, TPL's strongest month on average has been February (+9.4%) and its weakest September (-4.1%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +6.96% | +10.73% | 60% | +28.4% | -14.9% | 10 |
| Feb | +9.42% | +7.37% | 70% | +50.5% | -10.8% | 10 |
| Mar | -0.71% | -5.35% | 40% | +44.0% | -45.4% | 10 |
| Apr | +4.64% | +0.34% | 50% | +49.9% | -13.1% | 10 |
| May | -0.45% | -6.69% | 40% | +29.7% | -13.6% | 10 |
| Jun | +4.21% | +2.55% | 70% | +19.5% | -5.2% | 10 |
| Jul | +4.00% | +3.87% | 60% | +23.2% | -10.4% | 10 |
| Aug | +2.43% | -0.41% | 50% | +25.1% | -17.8% | 10 |
| Sep | -4.06% | -2.05% | 40% | +3.4% | -14.3% | 10 |
| Oct | +4.70% | +1.14% | 70% | +31.8% | -12.4% | 10 |
| Nov | +6.36% | +0.13% | 56% | +37.2% | -23.8% | 9 |
| Dec | -0.56% | -0.24% | 40% | +19.2% | -30.9% | 10 |
Monthly returns heat map — TPL
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 21.3 | 50.5 | -9.5 | -6.5 | -11.4 | 11.4 | -8.0 | -7.0 | -13.0 | 1.8 | -17.9 | -5.2% | |
| 2025 | 17.3 | 10.1 | -7.2 | -2.7 | -13.6 | -5.2 | -8.3 | -3.6 | 0.0 | 1.0 | -8.4 | -0.3 | -22.1% |
| 2024 | -7.1 | 7.8 | 10.2 | -0.4 | 6.6 | 19.5 | 15.1 | 2.8 | 1.8 | 31.8 | 37.2 | -30.9 | +111.0% |
| 2023 | -14.9 | -10.8 | -4.5 | -13.1 | -11.8 | 1.0 | 14.4 | 25.1 | -3.2 | 1.2 | -9.4 | -6.0 | -32.9% |
| 2022 | -13.9 | 10.6 | 13.7 | 1.1 | 14.6 | -5.0 | 23.2 | 0.4 | -3.4 | 29.6 | 12.5 | -9.6 | +87.7% |
| 2021 | 14.5 | 32.7 | 44.0 | -3.1 | -5.7 | 10.1 | -6.7 | -8.9 | -11.1 | 5.3 | -5.1 | 3.3 | +71.8% |
| 2020 | -3.3 | -7.9 | -45.4 | 49.9 | 2.9 | 1.4 | -10.4 | -1.2 | -14.3 | -0.2 | 35.4 | 19.2 | -6.9% |
| 2019 | 28.4 | 6.9 | 4.0 | 3.7 | -8.1 | 6.8 | 1.3 | -17.8 | -0.9 | -12.4 | 18.6 | 15.7 | +44.2% |
| 2018 | 20.2 | 0.4 | -6.2 | 7.8 | 29.7 | -1.6 | 6.4 | 12.8 | 3.4 | -11.9 | -23.8 | -6.5 | +21.3% |
| 2017 | 7.0 | -6.0 | -6.3 | 9.8 | -7.7 | 3.7 | 13.0 | 21.7 | 0.0 | 0.8 | 0.1 | 9.5 | +50.5% |
| 2016 | -0.2 |