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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), along with director Murray Stahl, reported purchasing shares of common stock on June 23, 2025. The purchases totaled $10,976 with prices ranging from $1088.01 to $1098.7 per share. The insider buying comes as TPL, currently trading at $1,047.80, shows strong fundamentals with an impressive 93.5% gross profit margin and maintains a "GREAT" financial health score according to InvestingPro analysis.
According to a Form 4 filing with the Securities and Exchange Commission, Horizon Kinetics Asset Management LLC acquired a total of 10 shares of Texas Pacific Land Corp across multiple entities. These entities include Horizon Kinetics Hard Assets (2 shares), HORIZON CREDIT OPPORTUNITY FUND LP (1 share), Murray Stahl directly (3 shares), HORIZON COMMON INC (2 shares), POLESTAR OFFSHORE FUND LTD (1 share), and Horizon Kinetics Asset Management LLC (1 share). The company has demonstrated strong performance with a 40% return on equity and has maintained dividend payments for 12 consecutive years.
Following these transactions, Horizon Kinetics Asset Management LLC and related entities now hold various amounts of Texas Pacific Land Corp shares. Want deeper insights into TPL’s valuation and growth prospects? InvestingPro subscribers have access to 15+ additional exclusive tips and comprehensive financial analysis.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, revealing a slight miss on revenue expectations. The company posted earnings per share of $5.24, narrowly missing the forecasted $5.27, while revenue came in at $196 million, falling short of the anticipated $228 million. Despite the revenue miss, Texas Pacific maintained a strong adjusted EBITDA margin of 86.4% and reported a 25% year-over-year growth in oil and gas royalty production, reaching 31,100 barrels of oil equivalent per day. The company also highlighted an 11% year-over-year increase in free cash flow, amounting to $127 million. Texas Pacific’s net cash position remains robust, with $460 million and no debt.
In terms of strategic initiatives, the company continues to focus on water management and desalination projects, with plans for a phase two desalination unit to come online by the end of the year. The company anticipates significant easement renewal payments starting in 2026, with projected annual renewals of $35 million over the following three years. Additionally, Texas Pacific is exploring opportunities for stock buybacks and the acquisition of high-quality royalty assets. Analyst insights from firms like Texas Capital suggest a stable competitive landscape for mergers and acquisitions, with ongoing opportunities despite potential challenges from commodity price volatility.
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