Texas Pacific Land Corporation stock (TPL +0.81%) has surged 76% year-to-date, driven by its lending services to the AI sector. The company primarily operates extensive oil and gas royalties after leasing out land to energy firms. It currently manages approximately 880,000 surface acres of land, providing oil and gas companies with the necessary infrastructure to conduct their operations.
While this is its primary business model, Texas Pacific Land Corp has now entered the AI segment, providing services to the industry, and this is making TPL stock surge in the charts. It is fast becoming a data center supplier across Texas, providing land at discounted rates for data centers, including energy and water.
Its association with the AI industry quickly sent Texas Pacific Land Corp stock skyrocketing in the charts. TPL now provides end-to-end solutions for the AI sector, including vast land, water, and power access. In addition, the company charges data centers extra rent for adding pipelines and power lines. This brings in additional revenues and is positioned well to benefit from the ongoing development.
Just water sales have also accounted for about 38% of the company’s revenues in 2025. The firm is a major water producer in the state and has its own water treatment facility. Therefore, Texas Pacific Land stock is benefiting from land, water, and power resources while supporting the AI industry.
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Should You Buy Texas Pacific Land Stock?
The rising oil and gas prices have helped Texas Pacific Land stock gain momentum in the charts since February. Their revenue is already up by approximately 14% and the next quarter results could be all estimates. The company is also working on an ambitious project to build 10 gigawatts of data centers on TPL land. This would make them stand out from the rest, who generally offer 1 gigawatt of power.
The idea is already finding takers with a startup called Bolt, which is led by former Google CEO Eric Schmidt. So, TPL now has ambitions and aspirations to become the top AI data center service leader in the segment. Taking an entry position in the stock would be beneficial as the sector is growing at a tremendous pace. Firms that are offering AI services are rising faster than the AI development companies themselves.