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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), has reported purchasing 1 share of the company’s common stock. TPL, which boasts impressive gross profit margins of 93.5% and maintains a market capitalization of $24.6 billion, has earned a "GREAT" financial health rating according to InvestingPro analysis. The transaction, which occurred on June 30, 2025, involved a price of $1053.06 per share, totaling $1053. Following this transaction, Horizon Kinetics Asset Management LLC directly owns 1,166,253 shares of Texas Pacific Land Corp. The company has maintained dividend payments for 12 consecutive years, with a current yield of 0.61%. InvestingPro analysis indicates the stock is trading above its Fair Value, with 12 additional exclusive insights available to subscribers.
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 Land maintained a strong adjusted EBITDA margin of 86.4%. The company also reported an 11% increase in free cash flow year-over-year, amounting to $127 million, and a net cash position of $460 million with zero debt. Additionally, Texas Capital Securities upgraded Texas Pacific Land’s stock from Hold to Buy, raising the price target to $1,280.00 from $1,240.00, following meetings with the company’s management. The firm believes the company’s desalination project and power generation opportunities will advance by the end of the year. Texas Capital Securities also sees Texas Pacific Land as a potential consolidator of larger ranches in the Permian Basin. These developments reflect the company’s ongoing strategic focus on water management and innovative desalination solutions.
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