Moody’s downgrades Senegal to Caa1 amid rising debt concerns
Horizon Kinetics Asset Management LLC, a ten-percent owner of Texas Pacific Land Corp (NYSE:TPL), has increased its holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, the firm purchased 1 share of Texas Pacific Land Corp common stock at $935.09 on October 8, 2025, for a total value of $935. TPL, currently valued at $21.7 billion, boasts impressive gross profit margins of 94.5% and maintains a strong financial health score according to InvestingPro analysis.
Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,162,539 shares of Texas Pacific Land Corp. The company, which has maintained dividend payments for 12 consecutive years, is scheduled to report its next earnings on October 29, 2025. For deeper insights into TPL’s valuation and growth prospects, InvestingPro offers 13 additional key investment tips and a comprehensive Pro Research Report.
In other recent news, Texas Pacific Land Corporation reported its second-quarter 2025 earnings, which fell short of analysts’ expectations. The company’s earnings per share were $5.05, missing the anticipated $5.48, resulting in a 7.85% negative surprise. Additionally, revenue came in at $187.54 million, below the forecasted $204 million, representing an 8.07% shortfall. In a separate development, Texas Pacific Land announced it will dual list its common stock on NYSE Texas while maintaining its primary listing on the New York Stock Exchange. The company will begin trading on the new exchange on August 15, 2025, as a Founding Member. Furthermore, board member Eric L. Oliver has decided not to seek reelection at the company’s 2025 annual meeting of stockholders. Mr. Oliver will continue to serve as a director until that meeting. The company clarified that his decision is not due to any disagreements with the board or the company’s operations. These recent developments provide investors with significant updates on Texas Pacific Land Corporation’s current activities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.