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Horizon Kinetics buys Texas Pacific Land (TPL) share at $933

Published 28/10/2025, 17:18
Horizon Kinetics buys Texas Pacific Land (TPL) share at $933
TPL
1.60%

Horizon Kinetics Asset Management LLC purchased Texas Pacific Land Corp (NYSE:TPL) shares on October 27, 2025. The firm acquired 1 share of common stock at $933.51, for a total transaction value of $933. The purchase price was slightly above the current market price of $919.10, with TPL commanding a market capitalization of $21.1 billion. According to InvestingPro data, TPL maintains impressive gross profit margins of 94.5% and boasts a "GREAT" financial health score. Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,162,552 shares of Texas Pacific Land Corp. The company has maintained dividend payments for 12 consecutive years, currently yielding 0.68%. InvestingPro analysis indicates TPL is currently overvalued, with 11 additional key insights available to subscribers through the comprehensive Pro Research Report.

In other recent news, Texas Pacific Land Corporation reported its second-quarter 2025 earnings, which fell short of expectations. The company posted earnings per share of $5.05, missing the anticipated $5.48, and reported revenue of $187.54 million, which was below the projected $204 million. In addition, Texas Pacific Land has secured a new $500 million revolving credit facility, which was oversubscribed and has a five-year term with interest tied to its debt-to-EBITDA leverage ratio. The company also announced a dual listing on the NYSE Texas exchange, set to begin on August 15, 2025, while maintaining its primary listing on the New York Stock Exchange. Moreover, Eric L. Oliver, a board member, will not seek reelection at the 2025 annual meeting. Meanwhile, Terra Property Trust has outlined its strategy to repay its senior notes due in 2026, utilizing a mix of loan repayments, asset sales, and other capital sources. The company is focusing on a conservative financing strategy in response to current market challenges.

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