The WACC of Texas Pacific Land Corp (TPL) is 6.5%.
| Range | Selected | |
| Cost of equity | 7.30% - 10.80% | 9.05% |
| Tax rate | 21.20% - 21.60% | 21.40% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 5.6% - 7.4% | 6.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.76 | 1.06 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.30% | 10.80% |
| Tax rate | 21.20% | 21.60% |
| Debt/Equity ratio | 1 | 1 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 5.6% | 7.4% |
| Selected WACC | 6.5% | |