Horizon Kinetics buys Texas Pacific Land (TPL) share

Published 13/08/2025, 15:48
Horizon Kinetics buys Texas Pacific Land (TPL) share

Horizon Kinetics Asset Management LLC purchased one share of Texas Pacific Land Corp NASDAQ:TPL on August 12, 2025, at a price of $864.54, amid a significant 9.87% weekly decline in the stock price. The total value of the purchase was $864. According to InvestingPro analysis, TPL’s stock is currently showing oversold conditions, with the company maintaining impressive gross profit margins of ~95%.

Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,973 shares of Texas Pacific Land Corp.

The transaction was reported in a Form 4 filing with the Securities and Exchange Commission. The filing was signed by Jay Kesslen, attorney-in-fact, on August 13, 2025.

In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which did not meet analysts’ expectations. The company disclosed an earnings per share (EPS) of $5.05, which was below the projected $5.48, resulting in a 7.85% negative surprise. Additionally, revenue figures were lower than anticipated, with the company generating $187.54 million compared to the forecasted $204 million, marking an 8.07% shortfall. These earnings results have been a significant point of interest for investors. The company’s performance in this quarter has drawn attention due to its deviation from expectations. Analyst reactions to these earnings results could be noteworthy for stakeholders monitoring the company’s financial health. Such developments are crucial for investors as they assess the company’s current position and future prospects.

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