Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
Horizon Kinetics Asset Management LLC purchased one share of Texas Pacific Land (NYSE:TPL) Corp NASDAQ:TPL common stock on August 18, 2025, at a price of $893.14. The total value of this transaction was $893. TPL, currently valued at $20.5 billion, stands out with its impressive 94.5% gross profit margin and robust balance sheet, maintaining more cash than debt.
Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,977 shares of Texas Pacific Land Corp. The stock has seen a significant price decline over the past three months, though InvestingPro analysis suggests current trading levels exceed Fair Value. Discover 12 more key insights about TPL through InvestingPro’s comprehensive research report.
In other recent news, Texas Pacific Land Corporation reported disappointing financial results for the second quarter of 2025. The company missed both earnings per share (EPS) and revenue forecasts, with EPS at $5.05, below the expected $5.48, and revenue at $187.54 million, falling short of the projected $204 million. These results marked a 7.85% and 8.07% negative surprise, respectively. In addition to its earnings report, Texas Pacific Land announced a dual listing on the NYSE Texas, a new electronic equities exchange headquartered in Dallas. The company will maintain its primary listing on the New York Stock Exchange while joining NYSE Texas as a Founding Member. Trading on the new exchange is set to begin on August 15, 2025. These developments highlight the company’s recent strategic and financial activities.
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