Latest news with #TPL
Axios
10-06-2025
- General
- Axios
2025 ParkScore: San Antonio slips in national ranking
San Antonio's standing in the ParkScore rankings has slipped this year, falling to 57th place — down four spots from last year. Why it matters: City parks serve as community meeting spots and civic spaces, offer room for exercise and fresh air, and can draw in new residents — but they require investment, attention and protection. The big picture: The 2025 ParkScore index, an annual report from the Trust for Public Land (TPL), ranks the 100 most populous U.S. cities' park systems relative to one another based on five categories: acreage, access, amenities, investment and equity. What they found: San Antonio earned a total ParkScore of 51, below the national median of 53.6. The city ranks near the bottom in access — 47% of San Antonio residents live within a 10-minute walk of a park — with a score of 26. For comparison, top-ranked Washington, D.C., scored 99 in this category. San Antonio did improve from 2024 in terms of equity and amenities, jumping 4 and 5 points, respectively. Stunning stats: Among the cities analyzed, $12.2 billion was invested in park and recreation systems in 2024, and 76% of residents now live within a 10-minute walk of a park.
Yahoo
09-06-2025
- Business
- Yahoo
Texas Pacific Land Corporation (TPL): A Bull Case Theory
We came across a bullish thesis on Texas Pacific Land Corporation (TPL) on The ROI Club's Substack. In this article, we will summarize the bulls' thesis on TPL. Texas Pacific Land Corporation (TPL)'s share was trading at $1110.14 as of 2nd June. TPL's trailing and forward P/E were 55.53 and 37.74 respectively according to Yahoo Finance. Aerial shot of the rugged landscape of Yukon, Canada reflecting the exploration for mineral properties. Texas Pacific Land Corporation (TPL) is a rare example of a business whose origins lie in a failed railroad venture but has evolved into one of the most quietly powerful landowners in America. Born from millions of acres granted for a railway that never materialized, TPL inherited vast West Texas land at virtually zero cost. Initially overlooked as barren desert, this land's value has grown dramatically over time as the Permian Basin transformed into a global energy powerhouse. From modest grazing leases, TPL now generates substantial royalties from hydrocarbon extraction and easement fees for pipelines and infrastructure, driving revenues from $28 million in 2016 to $373 million in 2024, a 38% CAGR. The company has also capitalized on the rise of fracking by establishing a new, rapidly growing revenue stream from sourced and produced water sales, which now represent over a third of total revenues and grow at around 44% annually. Unlike capital-intensive peers, TPL operates with minimal costs, relying on royalty and easement income—earning what can be described as 'mailbox money.' This capital-light model allows cash flow to compound steadily, benefiting from what the author terms 'positive theta,' where value increases with time rather than decays. Market skeptics often misprice TPL by focusing on traditional metrics like P/E ratios without appreciating its unique growth driven by natural resource demand, infrastructure needs, and scarce groundwater rights. Positioned amid expanding energy and data center infrastructure, TPL's land ownership anchors its long-term growth potential, making it a compelling investment that thrives on time, scarcity, and simplicity. In essence, while many see a legacy oil company, TPL is emerging as a dominant water and infrastructure landowner in a vital and growing region. Previously, we have covered TPL in December 2024 wherein we by Six Bravo on Substack. The author stated that Texas Pacific Land Corporation (NYSE: TPL) recently completed significant acreage acquisitions in the Permian Basin, adding assets with strong production and growth potential, expected to boost annual free cash flow by $45.5 million at $70 oil. Despite a 33% stock price decline following its S&P 500 inclusion, largely due to market volatility and lower oil prices, the company's thriving water segment and solid fundamentals made the dip a buying opportunity for long-term investors. Since our last coverage, the stock is up 0.38% as of 2nd June. Texas Pacific Land Corporation (TPL) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held TPL at the end of the first quarter which was 28 in the previous quarter. While we acknowledge the risk and potential of TPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Time of India
02-06-2025
- Business
- Time of India
Torrent Power inks lNG supply pact with BP Singapore
MUMBAI: Torrent Power Ltd (TPL) on Monday said it has signed a long-term sales and purchase agreement with BP Singapore Pte. Limited, a subsidiary of London-headquartered integrated energy company BP Plc , for the supply of up to 0.41 million metric tonnes per annum of LNG from 2027 to 2036. The LNG procured under this agreement will be strategically utilised by TPL, including to operate its 2,730 MW combined cycle gas-based power plants (GBPPs) in India to meet the country's increasing power demand, support peak demand periods and balance the renewables. It will also support the growing requirement of LNG of Torrent Group's city gas distribution (CGD) arm, Torrent Gas Ltd. (TGL), to ensure a reliable supply of gas for households, commercial and industrial consumers, and CNG vehicles. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Una inversión en Banco Internacional CFD podría darte un salario extra Mercados de Capital Undo "Taking advantage of softness in LNG prices, TPL along with TGL further intends to explore medium- and long-term LNG procurement in response to the growing demand from its GBPPs and CGD networks respectively, aiming to enhance its portfolio diversity and reliably to meet energy supply needs of customers," the company said.
United News of India
02-06-2025
- Business
- United News of India
Torrent power inks deal with BP Singapore
Ahmedabad, Jun 2 (UNI) Torrent Power Ltd (TPL) has signed a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Limited, a subsidiary of global energy giant bp, for the supply of up to 0.41 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) from 2027 to 2036. The LNG to be procured under this agreement will be strategically deployed by TPL to operate its 2,730 MW Combined Cycle Gas-Based Power Plants (GBPPs) across India. The gas will help meet the country's rising electricity demand, provide peak power support, and facilitate the integration of renewable energy sources. The deal will also bolster Torrent Group's City Gas Distribution (CGD) business, Torrent Gas Ltd (TGL), by supporting its growing need for LNG to supply households, commercial and industrial users, as well as compressed natural gas (CNG) for vehicles. Describing the SPA as a key strategic step, Torrent Power said the agreement underscores its commitment to clean energy and long-term energy security. It is also aligned with the Government of India's target of increasing the share of natural gas in the country's energy mix to 15 per cent by 2030. Capitalising on the prevailing softness in global LNG prices, TPL and TGL are also looking at additional medium- and long-term LNG sourcing opportunities to enhance supply reliability and diversify their energy portfolios. Torrent Power Limited, the ₹29,165 crore integrated power utility of the ₹45,000 crore Torrent Group, is among India's leading power companies with a presence across the generation, transmission, and distribution segments. The company has an installed generation capacity of 4,838 MWp, including 2,730 MW gas-based, 1,746 MWp renewable, and 362 MW coal-based capacity. An additional 3,154 MWp of renewable energy projects and 3,000 MW of pump storage projects are under development. In distribution, Torrent Power supplies nearly 31 billion units of electricity annually to over 4.21 million customers in Gujarat, Maharashtra, Uttar Pradesh and the Union Territory of Dadra & Nagar Haveli and Daman & Diu. It is widely regarded as a leading power distributor in India, noted for achieving the lowest aggregate technical and commercial (AT&C) losses and highest reliability in its licensed areas. UNI BDN SSP
Mint
02-06-2025
- Business
- Mint
Torrent Power signs LNG supply pact with BP Singapore
New Delhi: Gujarat-based Torrent Power Ltd (TPL) has signed a long-term sale and purchase agreement with BP Singapore Pte. Ltd, a subsidiary of global energy major bp, for the supply of up to 0.41 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) from 2027 to 2036. The LNG will be strategically used by TPL to operate its 2,730 MW combined cycle gas-based power plants (GBPPs) across India, helping meet the country's growing electricity demand and support the grid during peak consumption periods, the company said in a statement. The agreement will also support Torrent Gas Ltd (TGL), the group's city gas distribution (CGD) arm, by catering to its rising LNG requirements. The fuel will be used to ensure reliable gas supply for households, commercial and industrial consumers, as well as compressed natural gas (CNG) vehicles, the statement added. 'Taking advantage of softness in LNG prices, TPL along with TGL further intends to explore medium- and long-term LNG procurement in response to the growing demand from its GBPPs and CGD networks respectively, aiming to enhance its portfolio diversity and reliably to meet energy supply needs of customers,' the statement said. The deal comes amid a government push to boost power generation from gas-based plants. Last month, the Centre directed such plants to increase output in anticipation of surging electricity demand. India's peak power demand is projected to hit 270 GW in FY26, up from the record 250 GW seen last year. As part of India's broader energy transition, natural gas—considered a cleaner alternative to crude oil—is being promoted across sectors, including domestic cooking and transportation. The ministry of petroleum has set a target to raise natural gas's share in India's energy mix to 15% by 2030, up from the current 6%. A part of the Torrent Group, TPL has an installed generation capacity of 4,838 MWp, comprising 2,730 MW of gas-based, 1,746 MWp of renewable, and 362 MW of coal-based capacity. Another 3,154 MWp of renewable projects and 3,000 MW of pumped storage capacity are under development. This brings TPL's total planned generation and storage capacity to 7,992 MWp and 3,000 MW, respectively. Under its power distribution business, TPL supplies nearly 31 billion units of electricity to over 4.21 million customers across Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat; Dadra and Nagar Haveli and Daman and Diu; and Bhiwandi, Shil, Mumbra, Kalwa in Maharashtra; as well as Agra in Uttar Pradesh.
