Item 5. Market for Registrant’s Common Equity, Related Security Holder Matters and Issuer Purchases of Equity Securities.

Market Information

Our Common Stock is traded on the NYSE and NYSE Texas, Inc. under the ticker symbol “TPL.” We had 171 registered holders of our Common Stock as of February 9, 2026. This number is based on the actual number of holders registered at such date and does not include holders whose shares are held in “street name” by brokers and other nominees.

Dividends

For the year ended December 31, 2025 and 2024, we paid the following regular and special cash dividends per share:

We have paid a cash dividend each year for the preceding 69 years.

The Board has determined to pay dividends on a quarterly basis in March, June, September, and December of each year, subject to the discretion of the Board. Such dividends will depend upon our earnings, capital requirements, and financial position, applicable requirements of law, general economic conditions and other factors considered relevant by the Board. We are not a party to any agreement that would limit our ability to pay dividends in the future.

Issuer Purchases of Common Stock

We did not repurchase any of our equity securities during the fourth quarter of the fiscal year ended December 31, 2025.