Pilgrim Global buys Sable Offshore (SOC) shares worth $14.7m
Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), has disclosed purchasing 1 share of common stock on October 14, 2025, at a price of $882.84. The total value of the purchase was $882. TPL, currently trading at $928.20 with a market capitalization of $21.3 billion, stands out for its impressive 94.5% gross profit margins according to InvestingPro data.
Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,162,543 shares of Texas Pacific Land Corp.
The transaction was signed off by /s/ Jay Kesslen, attorney-in-fact, on October 15, 2025.
In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which did not meet analysts’ expectations. The company’s earnings per share (EPS) were $5.05, below the anticipated $5.48, resulting in a 7.85% negative surprise. Revenue also fell short, coming in at $187.54 million compared to the forecasted $204 million, marking an 8.07% shortfall. Additionally, Texas Pacific Land announced it would dual list its common stock on NYSE Texas, a new electronic equities exchange, while maintaining its primary listing on the New York Stock Exchange. This move positions the company as a Founding Member of the NYSE Texas exchange. In other developments, board member Eric L. Oliver has decided not to stand for reelection at the 2025 annual meeting of stockholders. Mr. Oliver’s decision was clarified as not being due to any disagreements with the company’s board or its policies. These updates reflect the company’s recent strategic and operational activities.
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