Texas Pacific Land Corporation (TPL) has seen its stock price soar 76% year-to-date, driven primarily by the company's expansion into end-to-end solutions for artificial intelligence data centers. Traditionally reliant on oil and natural gas royalties, the company now offers discounted access to land, water, and electricity services, generating additional revenue through infrastructure like pipelines. Water sales alone account for approximately 38% of its total 2025 revenue. TPL also plans an ambitious project on its land to develop 10 gigawatts of data center capacity, which has attracted attention from multiple startups, including Bolt, led by former Google CEO Eric Schmidt.