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Horizon Kinetics buys Texas Pacific Land (TPL) share at $912

Published 05/09/2025, 17:20
Horizon Kinetics buys Texas Pacific Land (TPL) share at $912
TPL
-2.26%

Horizon Kinetics Asset Management LLC, a ten percent owner in Texas Pacific Land Corp (NYSE:TPL), reported purchasing 1 share of common stock on September 4, 2025, at a price of $912.22. The total value of the purchase was $912. The transaction comes as TPL, a $20.7 billion market cap company, maintains impressive gross profit margins of 94.5%. According to InvestingPro analysis, the stock is currently trading above its Fair Value.

Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,989 shares of Texas Pacific Land Corp. The company has maintained dividend payments for 12 consecutive years, with a current yield of 0.7%. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report about TPL’s financial health, which is rated as "GREAT" by the platform’s scoring system.

In other recent news, Texas Pacific Land Corporation reported its second-quarter 2025 earnings, which fell short of analyst expectations. The company’s earnings per share (EPS) were $5.05, missing the anticipated $5.48, resulting in a 7.85% negative surprise. Revenue also did not meet projections, coming in at $187.54 million compared to the expected $204 million, marking an 8.07% shortfall. Additionally, Texas Pacific Land announced it will dual list its common stock on the NYSE Texas, a new electronic equities exchange based in Dallas, while keeping its primary listing on the New York Stock Exchange. This move will take effect on August 15, 2025, with the company joining as a Founding Member. In governance-related news, board member Eric L. Oliver will step down after the 2025 annual meeting of stockholders. The company clarified that Mr. Oliver’s decision is not due to any disagreements with the board or the company’s policies. These developments highlight a period of significant activity for Texas Pacific Land Corporation.

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