Horizon Kinetics buys Texas Pacific Land (TPL) share at $938

Horizon Kinetics Asset Management LLC, a ten-percent owner of Texas Pacific Land Corp (NYSE:TPL), has reported purchasing 1 share of common stock at $938.73, for a total value of $938. The $21 billion market cap company maintains impressive gross profit margins of 94.5% and boasts a "GREAT" financial health rating according to InvestingPro analysis.

The transaction, which took place on October 21, 2025, increased Horizon Kinetics Asset Management LLC’s direct ownership to 1,162,548 shares. The filing was signed by Jay Kesslen, attorney-in-fact, on October 22, 2025.

In other recent news, Texas Pacific Land Corporation reported its second-quarter 2025 earnings, which fell short of expectations. The company announced earnings per share of $5.05, missing the anticipated $5.48, and revenue of $187.54 million, below the forecasted $204 million. Additionally, Texas Pacific Land Corporation will dual list its common stock on the NYSE Texas exchange while maintaining its primary listing on the New York Stock Exchange. This move will take effect on August 15, 2025, and the company will join as a Founding Member. Meanwhile, board member Eric L. Oliver has decided not to stand for reelection at the 2025 annual meeting of stockholders, although he will continue to serve until then.

Terra Property Trust, Inc. has outlined its strategy to repay its 6.00% and 7.00% Senior Notes due in 2026. The company plans to fund these repayments through a mix of loan repayments, asset sales, and other capital sources. Terra Property Trust has adopted a conservative financing strategy in response to challenges in the commercial real estate market and rising interest rates. The company is engaging with potential investors and capital sources to strengthen its balance sheet.

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