Street Calls of the Week
Horizon Kinetics Asset Management LLC, a ten-percent owner of Texas Pacific Land Corp (NASDAQ:TPL), has reported purchasing 1 share of common stock at $924.33, according to a Form 4 filing with the Securities and Exchange Commission. The $21.3 billion market cap company, known for its impressive 94.5% gross profit margins, currently trades above InvestingPro’s Fair Value estimate.
The transaction, which occurred on October 15, 2025, resulted in a total purchase value of $924. Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,162,544 shares of Texas Pacific Land Corp. With an overall financial health score of "GREAT" and 13 additional InvestingPro Tips available, investors can access comprehensive analysis through the Pro Research Report, which provides deep-dive insights into TPL’s valuation and growth prospects.
In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which fell short of expectations. The company’s earnings per share were $5.05, below the anticipated $5.48, resulting in a 7.85% negative surprise. Revenue also did not meet projections, totaling $187.54 million compared to the forecasted $204 million, representing an 8.07% shortfall. Additionally, Texas Pacific Land announced it will dual list its common stock on the new NYSE Texas exchange, while keeping its primary listing on the New York Stock Exchange. Trading on NYSE Texas is set to begin on August 15, 2025, and the company will be a Founding Member of the exchange. In other developments, board member Eric L. Oliver will not stand for reelection at the 2025 annual meeting of stockholders, although he will continue serving until then. The company clarified that Mr. Oliver’s decision is not due to any disagreement with the company or its board. These updates reflect significant recent developments for Texas Pacific Land Corporation.
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