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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), reported purchasing 1 share of common stock on July 9, 2025, at a price of $1037.49. The total value of this transaction was $1037. TPL, currently valued at $23.9 billion, maintains impressive gross profit margins of 93.5% and has consistently paid dividends for 12 consecutive years. According to InvestingPro analysis, the company’s overall financial health is rated as "GREAT."
Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,949 shares of Texas Pacific Land Corp. Based on InvestingPro’s Fair Value analysis, TPL appears to be trading at premium levels, with multiple valuation metrics suggesting rich valuations. Discover more insights about TPL and access its comprehensive Pro Research Report, along with analysis of 1,400+ other US stocks, through an InvestingPro subscription.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, revealing a shortfall in revenue expectations. The company posted earnings per share (EPS) of $5.24, slightly below the forecasted $5.27, while revenue reached $196 million, falling short of the anticipated $228 million. Despite missing revenue forecasts, Texas Pacific Land demonstrated strong operational performance with a notable 25% year-over-year growth in oil and gas royalty production. The company maintained a robust adjusted EBITDA margin of 86.4% and reported a free cash flow of $127 million, marking an 11% increase year-over-year.
In other developments, Texas Capital Securities upgraded Texas Pacific Land’s stock from Hold to Buy, raising the price target to $1,280.00. This upgrade follows discussions with the company’s management and reflects optimism about the company’s desalination project and other strategic initiatives. Texas Capital Securities also sees Texas Pacific Land as a potential consolidator of larger ranches in the Permian Basin over the next few years. The company continues to focus on strategic innovations, including desalination projects, which are expected to advance by the end of the year. These recent developments underscore Texas Pacific Land’s strategic positioning and potential for future growth.
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